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	3 beds \| 3 baths \| 2,040 sq.ft.	$250,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 8.79% Airbnb Rental Income: $2601 Traditional Rental Income: $2538 Airbnb ROI: 6.42% Traditional ROI: 8.79%
9784 Herons Cove Carmel, IN Welcome to 9784 Herons Cove, a beautifully maintained condo in the highly desirable city o...	1 beds \| 2 baths \| 1,207 sq.ft.	$235,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 3.94% Airbnb Rental Income: $1785 Traditional Rental Income: $1626 Airbnb ROI: 2.47% Traditional ROI: 3.94%
15364 Mystic Rock Drive Carmel, IN Welcome to 15364 Mystic Rock Drive - a beautifully updated 2-bedroom (potential 3rd bedroo...	2 beds \| 4 baths \| 1,831 sq.ft.	$315,000	Airbnb cash on cash: 3.44% Traditional cash on cash: 4.95% Airbnb Rental Income: $2601 Traditional Rental Income: $2425 Airbnb ROI: 3.44% Traditional ROI: 4.95%
3711 Tara Court Carmel, IN Welcome to Tara Ct, one of West Carmel's early subdivisions. When they say, "They don't m...	3 beds \| 2 baths \| 2,587 sq.ft.	$599,900	Airbnb cash on cash: 1.98% Traditional cash on cash: 2.56% Airbnb Rental Income: $2601 Traditional Rental Income: $2299 Airbnb ROI: 1.98% Traditional ROI: 2.56%
13018 Deerstyne Green Street Carmel, IN Nestled in the heart of the Village of WestClaY, This stunning 4-bedroom, 3.5-bath Village...	4 beds \| 6 baths \| 4,800 sq.ft.	$1,249,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.99% Airbnb Rental Income: $2515 Traditional Rental Income: $6651 Airbnb ROI: -0.1% Traditional ROI: 3.99%
11924 River Road Carmel, IN FUN FACT: THE AVERAGE GOLF BALL HAS 336 DIMPLES! Fun fact, you only need two dimples to en...	3 beds \| 2 baths \| 1,482 sq.ft.	$339,900	Airbnb cash on cash: 4.51% Traditional cash on cash: 4.15% Airbnb Rental Income: $2601 Traditional Rental Income: $1864 Airbnb ROI: 4.51% Traditional ROI: 4.15%
1512 Evenstar Boulevard Carmel, IN Welcome to Sunrise on the Monon, built by Old Town Design Group! This home features a cont...	3 beds \| 3 baths \| 1,979 sq.ft.	$625,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 2.08% Airbnb Rental Income: $2601 Traditional Rental Income: $2525 Airbnb ROI: 1.14% Traditional ROI: 2.08%
10735 Towne Road Carmel, IN Experience modern California Contemporary living in west Carmel. This recently redesigned ...	4 beds \| 5 baths \| 7,584 sq.ft.	$1,750,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.1% Airbnb Rental Income: $2515 Traditional Rental Income: $4474 Airbnb ROI: -0.48% Traditional ROI: 1.1%
2263 Glebe Street Carmel, IN Perfectly positioned on a spacious corner lot in the main area of the Village of WestClay,...	3 beds \| 4 baths \| 3,308 sq.ft.	$849,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 1.91% Airbnb Rental Income: $2601 Traditional Rental Income: $2913 Airbnb ROI: 0.73% Traditional ROI: 1.91%
9632 Cypress Way Carmel, IN Discover the perfect blend of comfort and style in this beautifully updated 4-bedroom home...	4 beds \| 3 baths \| 2,444 sq.ft.	$465,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 4.02% Airbnb Rental Income: $2515 Traditional Rental Income: $2609 Airbnb ROI: 2.41% Traditional ROI: 4.02%
14004 Grannan Lane Carmel, IN Stunning 4BR/4.5BA Ranch in Grannan Grove! Nestled on quiet .41-acre cul-de-sac lot, this ...	4 beds \| 5 baths \| 4,320 sq.ft.	$1,099,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.71% Airbnb Rental Income: $2515 Traditional Rental Income: $5202 Airbnb ROI: 0.49% Traditional ROI: 3.71%
12652 Apsley Lane Carmel, IN Charming WestClay Beauty Nestled in the heart of the highly sought-after Village of WestCl...	4 beds \| 4 baths \| 3,312 sq.ft.	$699,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 3% Airbnb Rental Income: $2515 Traditional Rental Income: $3226 Airbnb ROI: 0.98% Traditional ROI: 3%
7240 Zanesville Road Carmel, IN BEAUTIFUL TOWNHOME ON THE MARKET IN PRIME LOCATION ON 63 ACRES OF PROTECTED NATURE PRESERV...	4 beds \| 4 baths \| 2,295 sq.ft.	$448,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.83% Airbnb Rental Income: $2515 Traditional Rental Income: $2984 Airbnb ROI: 2.27% Traditional ROI: 4.83%
651 Hawthorne Drive Carmel, IN Welcome home to this spacious 4-bedroom home in one of Carmel's most sought-after neighbor...	4 beds \| 3 baths \| 2,854 sq.ft.	$450,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 4.92% Airbnb Rental Income: $2515 Traditional Rental Income: $2841 Airbnb ROI: 2.7% Traditional ROI: 4.92%
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: 2.3% Traditional cash on cash: 5.97% Airbnb Rental Income: $2601 Traditional Rental Income: $3697 Airbnb ROI: 2.3% Traditional ROI: 5.97%
14503 Carlow Run Carmel, IN This stunning, like-new former model home offers the ease of one-level living with thought...	3 beds \| 3 baths \| 2,705 sq.ft.	$599,500	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.26% Airbnb Rental Income: $2601 Traditional Rental Income: $2687 Airbnb ROI: 0.99% Traditional ROI: 2.26%
1921 E 116 Street Carmel, IN This property offers great investment potential in a prime location. Note that potential c...	3 beds \| 2 baths \| 1,657 sq.ft.	$1,200,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 0.32% Airbnb Rental Income: $2601 Traditional Rental Income: $2158 Airbnb ROI: 0.16% Traditional ROI: 0.32%
11737 Esty Way Carmel, IN Perfectly placed in the heart of Carmel's sought-after Hazel Dell area, this 3-bedroom, 2 ...	3 beds \| 3 baths \| 2,286 sq.ft.	$329,900	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.6% Airbnb Rental Income: $2601 Traditional Rental Income: $2467 Airbnb ROI: 4.02% Traditional ROI: 5.6%
11212 Armon Drive Carmel, IN Welcome home! to this beautifully renovated 4-bedroom, 2 full/2 half bathroom home located...	4 beds \| 4 baths \| 3,414 sq.ft.	$600,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 4.93% Airbnb Rental Income: $2515 Traditional Rental Income: $3634 Airbnb ROI: 1.85% Traditional ROI: 4.93%
1105 E Greyhound Pass Carmel, IN Charming 4BR/2.5BA Home in Village Farms on Nearly 1/2 Acre! Spacious 2-story sits on .46-...	4 beds \| 3 baths \| 2,330 sq.ft.	$475,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 4.11% Airbnb Rental Income: $2515 Traditional Rental Income: $2619 Airbnb ROI: 2.51% Traditional ROI: 4.11%
9797 Ditch Road Carmel, IN Nestled on 1.28 lush, semi-wooded park-like acres in one of Carmel's most prestigious neig...	4 beds \| 2 baths \| 3,642 sq.ft.	$550,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.31% Airbnb Rental Income: $2515 Traditional Rental Income: $2841 Airbnb ROI: 1.49% Traditional ROI: 3.31%
41 N Rangeline Road #3 Carmel, IN Carmel's premier development, 1st on Main, is located at the historic intersection of Rang...	4 beds \| 4 baths \| 2,817 sq.ft.	$1,699,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 0.58% Airbnb Rental Income: $2515 Traditional Rental Income: $3574 Airbnb ROI: -0.48% Traditional ROI: 0.58%
2577 Filson Street Carmel, IN Much sought after Village of West Clay. Immaculate, modern townhome, open concept floorpla...	2 beds \| 4 baths \| 1,715 sq.ft.	$385,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.27% Airbnb Rental Income: $2601 Traditional Rental Income: $2664 Airbnb ROI: 1.38% Traditional ROI: 3.27%
10535 Breckenridge Drive Carmel, IN East Carmel brick beauty with mature trees and NO HOA!! Situated on a corner lot, this 4 b...	4 beds \| 3 baths \| 2,704 sq.ft.	$524,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.81% Airbnb Rental Income: $2515 Traditional Rental Income: $2778 Airbnb ROI: 2.03% Traditional ROI: 3.81%
14020 Brookstone Drive Carmel, IN This single-family residence in Hamilton County presents a unique opportunity to own a sub...	5 beds \| 6 baths \| 6,290 sq.ft.	$959,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 4.45% Airbnb Rental Income: $2230 Traditional Rental Income: $5759 Airbnb ROI: -0.13% Traditional ROI: 4.45%
41 N Rangeline Road #7 Carmel, IN Introducing Carmel's Premier Address: 1st on Main. Nestled at the iconic intersection of R...	4 beds \| 4 baths \| 2,930 sq.ft.	$1,850,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 0.48% Airbnb Rental Income: $2515 Traditional Rental Income: $3625 Airbnb ROI: -0.52% Traditional ROI: 0.48%
211 John Street Carmel, IN Come check out this updated 3 bed/2 bath charming ranch home in the desirable Rolling Mead...	3 beds \| 2 baths \| 1,534 sq.ft.	$364,900	Airbnb cash on cash: 3.94% Traditional cash on cash: 4.12% Airbnb Rental Income: $2601 Traditional Rental Income: $2043 Airbnb ROI: 3.94% Traditional ROI: 4.12%
12938 University Crescent #2B Carmel, IN Upgraded and Pristine Condo in the Village of WestClay. Luxury Vinyl Flooring in Kitchen &...	1 beds \| 1 baths \| 713 sq.ft.	$184,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 2.72% Airbnb Rental Income: $1785 Traditional Rental Income: $1363 Airbnb ROI: 2.35% Traditional ROI: 2.72%
15405 Mystic Rock Drive Carmel, IN Discover unparalleled luxury in this brand-new, custom-built home by Sigma Builders, locat...	4 beds \| 4 baths \| 2,322 sq.ft.	$600,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 3.54% Airbnb Rental Income: $2515 Traditional Rental Income: $2790 Airbnb ROI: 1.96% Traditional ROI: 3.54%
15407 Mystic Rock Drive Carmel, IN Discover unparalleled luxury in this brand-new, custom-built home by Sigma Builders, locat...	4 beds \| 4 baths \| 2,432 sq.ft.	$600,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 3.67% Airbnb Rental Income: $2515 Traditional Rental Income: $2862 Airbnb ROI: 1.96% Traditional ROI: 3.67%
14304 Adios Pass Carmel, IN Welcome home to 14304 Adios Pass, a completely renovated 4-bedroom, 3-full-bathroom reside...	4 beds \| 3 baths \| 3,402 sq.ft.	$580,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 2.24% Airbnb Rental Income: $2515 Traditional Rental Income: $2201 Airbnb ROI: 1.69% Traditional ROI: 2.24%
30 W Main Street #3D Carmel, IN Welcome to luxury living in the heart of downtown Carmel! This stunning penthouse condo fe...	2 beds \| 3 baths \| 3,181 sq.ft.	$1,450,000	Airbnb cash on cash: -0.84% Traditional cash on cash: -0.8% Airbnb Rental Income: $2601 Traditional Rental Income: $2042 Airbnb ROI: -0.84% Traditional ROI: -0.8%
10778 Haverstick Road Carmel, IN Fully Renovated 4BR/2.5BA in Prime Carmel Location! Tucked within one of Carmel's most est...	4 beds \| 3 baths \| 2,094 sq.ft.	$445,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 3.71% Airbnb Rental Income: $2515 Traditional Rental Income: $2410 Airbnb ROI: 2.5% Traditional ROI: 3.71%
10820 Queensbury Court Carmel, IN This beautiful two-story residence spans a generous floor plan that includes 4 well-appoin...	4 beds \| 3 baths \| 2,443 sq.ft.	$499,999	Airbnb cash on cash: 1.94% Traditional cash on cash: 3.66% Airbnb Rental Income: $2515 Traditional Rental Income: $2710 Airbnb ROI: 1.94% Traditional ROI: 3.66%
5983 Clearview Drive Carmel, IN Great "open" floor entry in home and stair rail to 2nd floor and more "wow" factors about ...	4 beds \| 4 baths \| 4,124 sq.ft.	$739,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.87% Airbnb Rental Income: $2515 Traditional Rental Income: $2658 Airbnb ROI: 0.78% Traditional ROI: 1.87%
12669 Brookshire Parkway Carmel, IN Welcome to one of the most desirable addresses in Carmel! Nestled in the mature, tree-line...	4 beds \| 3 baths \| 2,865 sq.ft.	$485,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 4.95% Airbnb Rental Income: $2515 Traditional Rental Income: $3211 Airbnb ROI: 2.08% Traditional ROI: 4.95%
10935 Cornell Street Carmel, IN Feast your eyes on this charmer, where Carmel cool meets classic comfort, and the curb app...	4 beds \| 3 baths \| 2,184 sq.ft.	$450,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 2.59% Airbnb Rental Income: $2515 Traditional Rental Income: $1606 Airbnb ROI: 3.3% Traditional ROI: 2.59%
5989 Ashmore Lane Carmel, IN Best value in Carmel with proximity to all that Carmel has to offer. Lovely, private yard...	4 beds \| 3 baths \| 3,297 sq.ft.	$380,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 5.5% Airbnb Rental Income: $2515 Traditional Rental Income: $2770 Airbnb ROI: 3.07% Traditional ROI: 5.5%
1726 Creekside Lane W Carmel, IN Welcome to this beautifully updated condominium that combines comfort and style in a seren...	3 beds \| 3 baths \| 2,338 sq.ft.	$399,999	Airbnb cash on cash: 2.19% Traditional cash on cash: 3.31% Airbnb Rental Income: $2601 Traditional Rental Income: $2399 Airbnb ROI: 2.19% Traditional ROI: 3.31%
6871 Adalene Lane Carmel, IN Welcome to your dream townhome in highly sought after Carmel!! Built in 2023, this pristin...	3 beds \| 4 baths \| 2,364 sq.ft.	$385,000	Airbnb cash on cash: 3.76% Traditional cash on cash: 5.87% Airbnb Rental Income: $2601 Traditional Rental Income: $2741 Airbnb ROI: 3.76% Traditional ROI: 5.87%

Real Estate investment in Carmel, IN

There are 137 properties for sale in the city of Carmel . The median list price in Carmel is $599,900 and the average price per square foot is $194. In October 2025, the average monthly cash on cash return in Carmel is 3.00%. The average monthly rental income in Carmel is $2,781.

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

There are 137 investment properties available for sale in Carmel.

In 2025, the best neighborhood to buy investment property is Carmel.

The ROI for Long-Term is higher than the Short-Term in Carmel with average rental income of $2,781.

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.

$250,000

Airbnb cash on cash: 6.42%

Traditional cash on cash: 8.79%

Airbnb Rental Income: $2601

Traditional Rental Income: $2538

Airbnb ROI: 6.42%

Traditional ROI: 8.79%

9784 Herons Cove

Carmel, IN

1 beds | 2 baths | 1,207 sq.ft.

$235,000

Airbnb cash on cash: 2.47%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $1785

Traditional Rental Income: $1626

Airbnb ROI: 2.47%

Traditional ROI: 3.94%

15364 Mystic Rock Drive

Carmel, IN

2 beds | 4 baths | 1,831 sq.ft.

$315,000

Airbnb cash on cash: 3.44%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $2601

Traditional Rental Income: $2425

Airbnb ROI: 3.44%

Traditional ROI: 4.95%

3711 Tara Court

Carmel, IN

3 beds | 2 baths | 2,587 sq.ft.

$599,900

Airbnb cash on cash: 1.98%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $2601

Traditional Rental Income: $2299

Airbnb ROI: 1.98%

Traditional ROI: 2.56%

13018 Deerstyne Green Street

Carmel, IN

4 beds | 6 baths | 4,800 sq.ft.

$1,249,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 3.99%

Airbnb Rental Income: $2515

Traditional Rental Income: $6651

Airbnb ROI: -0.1%

Traditional ROI: 3.99%

11924 River Road

Carmel, IN

3 beds | 2 baths | 1,482 sq.ft.

$339,900

Airbnb cash on cash: 4.51%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $2601

Traditional Rental Income: $1864

Airbnb ROI: 4.51%

Traditional ROI: 4.15%

1512 Evenstar Boulevard

Carmel, IN

3 beds | 3 baths | 1,979 sq.ft.

$625,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 2.08%

Airbnb Rental Income: $2601

Traditional Rental Income: $2525

Airbnb ROI: 1.14%

Traditional ROI: 2.08%

10735 Towne Road

Carmel, IN

4 beds | 5 baths | 7,584 sq.ft.

$1,750,000

Airbnb cash on cash: -0.48%

Traditional cash on cash: 1.1%

Airbnb Rental Income: $2515

Traditional Rental Income: $4474

Airbnb ROI: -0.48%