Real Estate Investment Properties for Sale in Carmel, IN

Looking for investment property in Carmel, IN with high ROI ?

Explore a variety of short-term homes & houses in Carmel, IN. Invest wisely with VRBO & Carmel, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Carmel, IN

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
9634 Maple Drive Carmel, IN It is incredibly rare to find a fully updated, 2,040-square-foot ranch that also sits on a...	3 beds \| 3 baths \| 2,040 sq.ft.	$425,000	Airbnb cash on cash: 3.21% Traditional cash on cash: 4.81% Airbnb Rental Income: $2511 Traditional Rental Income: $2538 Airbnb ROI: 3.21% Traditional ROI: 4.81%
720 S Rangeline Rd #701 Carmel, IN Sky-High Sophistication in the Heart of Carmel. Experience a lifestyle that's literally ab...	3 beds \| 3 baths \| 3,765 sq.ft.	$3,250,000	Airbnb cash on cash: -1.4% Traditional cash on cash: -0.97% Airbnb Rental Income: $2511 Traditional Rental Income: $3179 Airbnb ROI: -1.4% Traditional ROI: -0.97%
307 S Guilford Rd Carmel, IN Come home to this beautifully updated 4BR ranch in the heart of Carmel! This darling prope...	3 beds \| 2 baths \| 1,891 sq.ft.	$475,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 3.41% Airbnb Rental Income: $2511 Traditional Rental Income: $2183 Airbnb ROI: 2.78% Traditional ROI: 3.41%
13062 Grand Vue Dr Carmel, IN Incredible value for this highly sough-after end unit - priced $30,000+ below recent comps...	3 beds \| 3 baths \| 2,385 sq.ft.	$425,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 5.16% Airbnb Rental Income: $2511 Traditional Rental Income: $3005 Airbnb ROI: 2.4% Traditional ROI: 5.16%
13996 Finnhorse Dr Carmel, IN This brand new M/I Homesâ Retreat A plan is built with 2x6 construction and R-19 insulat...	3 beds \| N/A baths \| 2,592 sq.ft.	$775,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 2.18% Airbnb Rental Income: $2511 Traditional Rental Income: $2489 Airbnb ROI: 1.36% Traditional ROI: 2.18%
5729 Fairbourne Court Carmel, IN Your private backyard retreat awaits. The heated pool, installed in 2023 and equipped with...	4 beds \| 4 baths \| 4,582 sq.ft.	$762,500	Airbnb cash on cash: 1.94% Traditional cash on cash: 3.48% Airbnb Rental Income: $3314 Traditional Rental Income: $3669 Airbnb ROI: 1.94% Traditional ROI: 3.48%
1371 Holden Ct Carmel, IN A rare opportunity to own nearly 4,000 square feet in the award-winning Carmel Clay School...	4 beds \| 2 baths \| 3,646 sq.ft.	$530,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 2.88% Airbnb Rental Income: $3314 Traditional Rental Income: $2557 Airbnb ROI: 2.91% Traditional ROI: 2.88%
12759 Apsley Ln Carmel, IN Pulte's Village of West Clay townhomes close to amenities and dining! Sumter floor plan fe...	4 beds \| 3 baths \| 2,166 sq.ft.	$480,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 3.57% Airbnb Rental Income: $3314 Traditional Rental Income: $2821 Airbnb ROI: 3.02% Traditional ROI: 3.57%
12825 Clifford Cir Carmel, IN Welcome to 12825 Clifford Cir, a home that exudes warmth and elegance. The living room is ...	4 beds \| 2 baths \| 2,865 sq.ft.	$510,000	Airbnb cash on cash: 3.62% Traditional cash on cash: 3.92% Airbnb Rental Income: $3314 Traditional Rental Income: $2716 Airbnb ROI: 3.62% Traditional ROI: 3.92%
10837 Thunderbird Dr Carmel, IN Is a 4 bedroom 3 bathroom 4083 sqft house.	N/A beds \| N/A baths \| 4,083 sq.ft.	$1,000,000	Airbnb cash on cash: -0.61% Traditional cash on cash: -0.96% Airbnb Rental Income: $1153 Traditional Rental Income: $444 Airbnb ROI: -0.61% Traditional ROI: -0.96%
1282 Fairfax Manor Dr Carmel, IN Welcome home to sophisticated, lock-and-leave living in the sought after Grand & Main neig...	3 beds \| 3 baths \| 2,329 sq.ft.	$520,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 3.34% Airbnb Rental Income: $2511 Traditional Rental Income: $2771 Airbnb ROI: 1.56% Traditional ROI: 3.34%
3846 Minuteman Cir Carmel, IN Discover an exceptional single-family residence a beautifully maintained property built in...	3 beds \| 2 baths \| 1,776 sq.ft.	$384,900	Airbnb cash on cash: 2.73% Traditional cash on cash: 3.24% Airbnb Rental Income: $2511 Traditional Rental Income: $2093 Airbnb ROI: 2.73% Traditional ROI: 3.24%
11318 Rolling Springs Drive Carmel, IN Nestled on a spacious lot in the highly sought-after Woodland Springs neighborhood, this b...	3 beds \| 3 baths \| 1,760 sq.ft.	$435,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 3.46% Airbnb Rental Income: $2511 Traditional Rental Income: $2109 Airbnb ROI: 2.96% Traditional ROI: 3.46%
459 Heritage Terrace Ln Carmel, IN SUPER RARE FIND! An exclusive maintenance free community situated in the HEART OF CARMEL, ...	4 beds \| 3 baths \| 5,356 sq.ft.	$924,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.15% Airbnb Rental Income: $3314 Traditional Rental Income: $3319 Airbnb ROI: 1.31% Traditional ROI: 2.15%
12674 Moonseed Dr Carmel, IN Perfectly positioned in the prestigious Village of WestClay, this beautifully updated 5-be...	5 beds \| 3 baths \| 4,337 sq.ft.	$899,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 2.3% Airbnb Rental Income: $2850 Traditional Rental Income: $3415 Airbnb ROI: 0.83% Traditional ROI: 2.3%
5506 Salem Drive S Carmel, IN Discover this spacious home in the sought-after Carmel schools and closely located to Cher...	5 beds \| 5 baths \| 4,956 sq.ft.	$789,650	Airbnb cash on cash: 1.33% Traditional cash on cash: 5.94% Airbnb Rental Income: $2850 Traditional Rental Income: $5577 Airbnb ROI: 1.33% Traditional ROI: 5.94%
14207 Mcnichols Way Carmel, IN Fresh carpet throughout! Welcome home to this beautifully designed 3-bedroom, 3.5-bath res...	3 beds \| 3 baths \| 2,194 sq.ft.	$385,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 5.05% Airbnb Rental Income: $2511 Traditional Rental Income: $2770 Airbnb ROI: 2.74% Traditional ROI: 5.05%
13035 Wembly Rd Carmel, IN Step inside this bright and spacious 4 Bedroom 2.5 Bath home in one of east Carmel's sough...	4 beds \| 2 baths \| 2,956 sq.ft.	$525,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 2.47% Airbnb Rental Income: $3314 Traditional Rental Income: $2043 Airbnb ROI: 3.55% Traditional ROI: 2.47%
9699 Prairiewood Way Carmel, IN Welcome to this spacious 3 bedroom brick ranch situated in the sought-after Bramblewood su...	3 beds \| 4 baths \| 3,687 sq.ft.	$499,999	Airbnb cash on cash: 2.14% Traditional cash on cash: 5.97% Airbnb Rental Income: $2511 Traditional Rental Income: $3697 Airbnb ROI: 2.14% Traditional ROI: 5.97%
840 Oswego Rd Carmel, IN Location, location, location! Great opportunity to purchase in one of Carmel's hottest red...	3 beds \| 1 baths \| 1,094 sq.ft.	$379,999	Airbnb cash on cash: 3.56% Traditional cash on cash: 1.81% Airbnb Rental Income: $2511 Traditional Rental Income: $1245 Airbnb ROI: 3.56% Traditional ROI: 1.81%
4107 Rolling Springs Drive Carmel, IN This 1972 ranch-style home on the east side of Carmel was tastefully renovated in 2021 to ...	3 beds \| 2 baths \| 1,991 sq.ft.	$529,900	Airbnb cash on cash: 2.44% Traditional cash on cash: 2.93% Airbnb Rental Income: $2511 Traditional Rental Income: $2148 Airbnb ROI: 2.44% Traditional ROI: 2.93%
10676 Oakwood Ct Carmel, IN Pack your bags this home is move-in ready! Gorgeous tri-Level features 4 bedrooms, 2.5 bat...	3 beds \| 2 baths \| 2,071 sq.ft.	$410,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 2.81% Airbnb Rental Income: $2511 Traditional Rental Income: $1866 Airbnb ROI: 2.9% Traditional ROI: 2.81%
14943 Oak Hollow Ln W Carmel, IN WOW! Check out this Bridgewater Beauty - Brand New Old Town Design Group Home ready to oc...	4 beds \| 3 baths \| 4,624 sq.ft.	$860,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 2.13% Airbnb Rental Income: $3314 Traditional Rental Income: $2699 Airbnb ROI: 1.97% Traditional ROI: 2.13%
815 Grace Drive Carmel, IN Welcome home to this beautiful 4 bedroom 2.5 bath beauty! Perfectly situated just three bl...	4 beds \| 3 baths \| 2,714 sq.ft.	$515,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 4.04% Airbnb Rental Income: $3314 Traditional Rental Income: $2713 Airbnb ROI: 3.75% Traditional ROI: 4.04%
336 Neuman Way #9E Carmel, IN Location, location, location! This well maintained home is a must see! Centrally located i...	2 beds \| 2 baths \| 1,988 sq.ft.	$484,500	Airbnb cash on cash: 2.9% Traditional cash on cash: 2.83% Airbnb Rental Income: $3100 Traditional Rental Income: $2362 Airbnb ROI: 2.9% Traditional ROI: 2.83%
2579 Filson St Carmel, IN Luxury awaits in this modern and chic 2-bedroom, 2.5-bath townhome, perfectly located in t...	2 beds \| 2 baths \| 1,731 sq.ft.	$389,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 3.43% Airbnb Rental Income: $3100 Traditional Rental Income: $2439 Airbnb ROI: 3.31% Traditional ROI: 3.43%
11610 Buttonwood Dr Carmel, IN 11610 Buttonwood Dr, Carmel, IN 46033 \| Condo/Coop	2 beds \| 2 baths \| 1,430 sq.ft.	$285,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 2.56% Airbnb Rental Income: $3100 Traditional Rental Income: $1457 Airbnb ROI: 6.05% Traditional ROI: 2.56%
14549 Saddleback Dr Carmel, IN Completely updated 3-bedroom, 2-bath home in desirable Hunters Creek Village! Located with...	3 beds \| 2 baths \| 1,896 sq.ft.	$450,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 3.61% Airbnb Rental Income: $2511 Traditional Rental Income: $2541 Airbnb ROI: 2.1% Traditional ROI: 3.61%
9895 Haverstick Rd Carmel, IN 3 bedroom, 2 baths mid-century modern ranch with a full basement conveniently located to 4...	3 beds \| 2 baths \| 2,628 sq.ft.	$380,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 4.71% Airbnb Rental Income: $2511 Traditional Rental Income: $2366 Airbnb ROI: 3.45% Traditional ROI: 4.71%
12519 Timber Creek Dr #11 Carmel, IN This great home is located in the heart of Carmel. In walking distance of the Monon Trail ...	2 beds \| 2 baths \| 1,070 sq.ft.	$260,000	Airbnb cash on cash: 6.95% Traditional cash on cash: 1.77% Airbnb Rental Income: $3100 Traditional Rental Income: $1125 Airbnb ROI: 6.95% Traditional ROI: 1.77%
5868 E 126th St Carmel, IN Welcome home to this beautifully updated two-story brick and vinyl residence nestled in on...	4 beds \| 2 baths \| 2,242 sq.ft.	$425,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 3.68% Airbnb Rental Income: $3314 Traditional Rental Income: $2460 Airbnb ROI: 3.96% Traditional ROI: 3.68%
3436 Eden Way Carmel, IN This beautiful 5 bedroom, 3 full bath home nestled in a highly desirable Carmel neighborho...	5 beds \| 3 baths \| 3,539 sq.ft.	$599,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 3.59% Airbnb Rental Income: $2850 Traditional Rental Income: $2895 Airbnb ROI: 2.33% Traditional ROI: 3.59%
14561 Waverly Dr Carmel, IN Welcome to this beautifully maintained home on a premium wooded lot in the desirable Ashmo...	4 beds \| 2 baths \| 2,120 sq.ft.	$450,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 4.09% Airbnb Rental Income: $3314 Traditional Rental Income: $2517 Airbnb ROI: 4.22% Traditional ROI: 4.09%
444 Ash Dr Carmel, IN Updated 3 Bedroom, 2 Full Bath RANCH on spacious .30-acre Corner lot with NO HOA. In walki...	3 beds \| 2 baths \| 1,673 sq.ft.	$440,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.16% Airbnb Rental Income: $2511 Traditional Rental Income: $1958 Airbnb ROI: 3.03% Traditional ROI: 3.16%
949 W 136th St Carmel, IN A Rare Private Estate in the Heart of West Carmel- A truly one-of-a-kind opportunity, this...	5 beds \| 5 baths \| 6,748 sq.ft.	$3,900,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 0.49% Airbnb Rental Income: $2850 Traditional Rental Income: $6958 Airbnb ROI: -0.83% Traditional ROI: 0.49%
3650 W 141st St Carmel, IN Priced to sell! Rare opportunity to own a nearly 6,000 square foot executive home on a har...	5 beds \| 4 baths \| 5,709 sq.ft.	$925,000	Airbnb cash on cash: 0.02% Traditional cash on cash: N/A Airbnb Rental Income: $2850 Traditional Rental Income: $0 Airbnb ROI: 0.02% Traditional ROI: N/A
9797 Ditch Road Carmel, IN Resting on 1.28 lush, semi-wooded acres in one of Carmel's most distinguished settings, th...	4 beds \| 2 baths \| 3,642 sq.ft.	$475,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 3.98% Airbnb Rental Income: $3314 Traditional Rental Income: $2841 Airbnb ROI: 3.38% Traditional ROI: 3.98%
968 Kinzer Ave Carmel, IN A phenomenal opportunity to purchase a remarkable two-bedroom townhome, situated in a huge...	2 beds \| 2 baths \| 1,178 sq.ft.	$325,000	Airbnb cash on cash: 5.31% Traditional cash on cash: 4.15% Airbnb Rental Income: $3100 Traditional Rental Income: $2042 Airbnb ROI: 5.31% Traditional ROI: 4.15%
4991 E Main Street Carmel, IN This completely renovated 4-bedroom, 3 full bath home sits on over a half-acre in the hear...	4 beds \| 3 baths \| 2,458 sq.ft.	$429,000	Airbnb cash on cash: 4.33% Traditional cash on cash: 2.5% Airbnb Rental Income: $3314 Traditional Rental Income: $1838 Airbnb ROI: 4.33% Traditional ROI: 2.5%
512 Lexington Blvd Carmel, IN Positioned in one of Downtown Carmel's most coveted and walkable locations, this timeless ...	4 beds \| 2 baths \| 1,486 sq.ft.	$498,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 1.96% Airbnb Rental Income: $3314 Traditional Rental Income: $1864 Airbnb ROI: 3.48% Traditional ROI: 1.96%

Real Estate investment in Carmel, IN

There are 363 properties for sale in the city of Carmel . The median list price in Carmel is $607,636 and the average price per square foot is $191. In August 2026, the average monthly cash on cash return in Carmel is 2.00%. The average monthly rental income in Carmel is $2,305.

Carmel, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 363 investment properties available for sale in Carmel.

In 2026, the best neighborhood to buy investment property is Carmel.

The ROI for Short-Term is higher than the Long-Term in Carmel with average rental income of $2,850.

Your search for investment property begins and ends here

Investment Property for Sale in Carmel, IN

9634 Maple Drive

Carmel, IN

3 beds | 3 baths | 2,040 sq.ft.

$425,000

Airbnb cash on cash: 3.21%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $2511

Traditional Rental Income: $2538

Airbnb ROI: 3.21%

Traditional ROI: 4.81%

720 S Rangeline Rd #701

Carmel, IN

3 beds | 3 baths | 3,765 sq.ft.

$3,250,000

Airbnb cash on cash: -1.4%

Traditional cash on cash: -0.97%

Airbnb Rental Income: $2511

Traditional Rental Income: $3179

Airbnb ROI: -1.4%

Traditional ROI: -0.97%

307 S Guilford Rd

Carmel, IN

3 beds | 2 baths | 1,891 sq.ft.

$475,000

Airbnb cash on cash: 2.78%

Traditional cash on cash: 3.41%

Airbnb Rental Income: $2511

Traditional Rental Income: $2183

Airbnb ROI: 2.78%

Traditional ROI: 3.41%

13062 Grand Vue Dr

Carmel, IN

3 beds | 3 baths | 2,385 sq.ft.

$425,000

Airbnb cash on cash: 2.4%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $2511

Traditional Rental Income: $3005

Airbnb ROI: 2.4%

Traditional ROI: 5.16%

13996 Finnhorse Dr

Carmel, IN

3 beds | N/A baths | 2,592 sq.ft.

$775,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 2.18%

Airbnb Rental Income: $2511

Traditional Rental Income: $2489

Airbnb ROI: 1.36%

Traditional ROI: 2.18%

5729 Fairbourne Court

Carmel, IN

4 beds | 4 baths | 4,582 sq.ft.

$762,500

Airbnb cash on cash: 1.94%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $3314

Traditional Rental Income: $3669

Airbnb ROI: 1.94%

Traditional ROI: 3.48%

1371 Holden Ct

Carmel, IN

4 beds | 2 baths | 3,646 sq.ft.

$530,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $3314

Traditional Rental Income: $2557

Airbnb ROI: 2.91%

Traditional ROI: 2.88%

12759 Apsley Ln

Carmel, IN

4 beds | 3 baths | 2,166 sq.ft.

$480,000

Airbnb cash on cash: 3.02%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $3314

Traditional Rental Income: $2821

Airbnb ROI: 3.02%