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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
720 S Rangeline Rd #701 Carmel, IN Sky-High Sophistication in the Heart of Carmel. Experience a lifestyle that's literally a...	3 beds \| 3 baths \| 3,765 sq.ft.	$3,600,000	Airbnb cash on cash: -1.36% Traditional cash on cash: -0.98% Airbnb Rental Income: $2509 Traditional Rental Income: $3179 Airbnb ROI: -1.36% Traditional ROI: -0.98%
13062 Grand Vue Drive Carmel, IN For those discerning buyers seeking the ultimate lifestyle defined by convenience in an un...	3 beds \| 4 baths \| 2,385 sq.ft.	$395,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 5.62% Airbnb Rental Income: $2509 Traditional Rental Income: $3005 Airbnb ROI: 2.65% Traditional ROI: 5.62%
15364 Mystic Rock Dr Carmel, IN Welcome to 15364 Mystic Rock Drive - a beautifully updated 3-bedroom, 2.5-bath townhouse o...	3 beds \| 2 baths \| 1,831 sq.ft.	$314,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 4.97% Airbnb Rental Income: $2509 Traditional Rental Income: $2425 Airbnb ROI: 3.2% Traditional ROI: 4.97%
5776 Gyrfalcon Place Carmel, IN Beautiful home located in the Trails of Avian Glen in East Carmel featuring 4 bedrooms, 3....	4 beds \| 4 baths \| 4,132 sq.ft.	$735,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 3.22% Airbnb Rental Income: $2697 Traditional Rental Income: $3457 Airbnb ROI: 1.18% Traditional ROI: 3.22%
15340 Mystic Rock Dr Carmel, IN Welcome to your low-maintenance retreat in Carmel, IN. This charming condo offers a unique...	2 beds \| 2 baths \| 1,831 sq.ft.	$330,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 5.44% Airbnb Rental Income: $1883 Traditional Rental Income: $2774 Airbnb ROI: 0.95% Traditional ROI: 5.44%
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: 1.21% Traditional cash on cash: 3% Airbnb Rental Income: $2697 Traditional Rental Income: $3226 Airbnb ROI: 1.21% Traditional ROI: 3%
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: 2.13% Traditional cash on cash: 5.97% Airbnb Rental Income: $2509 Traditional Rental Income: $3697 Airbnb ROI: 2.13% Traditional ROI: 5.97%
6172 E 122nd Street Carmel, IN Your chance to own a storybook property right in east Carmel! Nestled amongst the trees wi...	4 beds \| 2 baths \| 2,556 sq.ft.	$575,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.61% Airbnb Rental Income: $2697 Traditional Rental Income: $2757 Airbnb ROI: 2.31% Traditional ROI: 3.61%
982 Oscar Lane Carmel, IN Welcome to this exceptional, custom-built ranch offering luxury living in one of the area'...	4 beds \| 3 baths \| 4,510 sq.ft.	$925,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 0.8% Airbnb Rental Income: $2697 Traditional Rental Income: $2578 Airbnb ROI: 0.19% Traditional ROI: 0.8%
9797 Ditch Rd 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.	$530,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.47% Airbnb Rental Income: $2697 Traditional Rental Income: $2841 Airbnb ROI: 1.89% Traditional ROI: 3.47%
11697 Lake Forest Parkway Carmel, IN Beautifully maintained waterfront ranch in the highly sought-after Lake Forest community i...	2 beds \| 2 baths \| 1,907 sq.ft.	$475,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 3.66% Airbnb Rental Income: $1883 Traditional Rental Income: $2516 Airbnb ROI: 1.11% Traditional ROI: 3.66%
9 Beacon Way Carmel, IN Why wait to build when this like-new home is move-in ready and beautifully maintained? Nes...	3 beds \| 2 baths \| 1,474 sq.ft.	$293,500	Airbnb cash on cash: 4.7% Traditional cash on cash: 6.39% Airbnb Rental Income: $2509 Traditional Rental Income: $2368 Airbnb ROI: 4.7% Traditional ROI: 6.39%
946 Lenox Ln #104 Carmel, IN Welcome to this FIRST FLOOR move-in ready 2-bedroom, 2-bath condo featuring modern updates...	2 beds \| 2 baths \| 1,072 sq.ft.	$249,900	Airbnb cash on cash: 2.44% Traditional cash on cash: 3.94% Airbnb Rental Income: $1883 Traditional Rental Income: $1745 Airbnb ROI: 2.44% Traditional ROI: 3.94%
62 Bennett Road Carmel, IN Welcome to this charming 4 bdrm, 2 bath ranch nestled in the desirable Village of Mt Carme...	3 beds \| 2 baths \| 1,600 sq.ft.	$375,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 3.31% Airbnb Rental Income: $2509 Traditional Rental Income: $2045 Airbnb ROI: 2.9% Traditional ROI: 3.31%
41 N Rangeline Road #7 Carmel, IN Only one unit remains! Nestled at the iconic intersection of Rangeline Rd. and Main St., 1...	4 beds \| 4 baths \| 2,930 sq.ft.	$1,820,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 0.5% Airbnb Rental Income: $2697 Traditional Rental Income: $3625 Airbnb ROI: -0.42% Traditional ROI: 0.5%
15407 Mystic Rock Dr Carmel, IN Discover unparalleled luxury in this brand-new, custom-built home by Sigma Builders, locat...	4 beds \| 3 baths \| 2,432 sq.ft.	$600,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 3.67% Airbnb Rental Income: $2697 Traditional Rental Income: $2862 Airbnb ROI: 2.23% Traditional ROI: 3.67%
3924 Bear Creek Way Carmel, IN SPECTACULAR AND RARE OPPORTUNITY IN DESIRED OVERBROOK FARMS! This one level, 4 bedroom, 3...	4 beds \| 4 baths \| 5,320 sq.ft.	$799,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 2.42% Airbnb Rental Income: $2697 Traditional Rental Income: $3420 Airbnb ROI: 0.6% Traditional ROI: 2.42%
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: 2.27% Traditional cash on cash: 3.66% Airbnb Rental Income: $2697 Traditional Rental Income: $2710 Airbnb ROI: 2.27% Traditional ROI: 3.66%
567 Hawthorne Drive Carmel, IN Wow! Tons of updates in this 4bd 2.5 bath home with great open floor plan, awesome curb ap...	4 beds \| 3 baths \| 2,938 sq.ft.	$540,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.86% Airbnb Rental Income: $2697 Traditional Rental Income: $2982 Airbnb ROI: 2.03% Traditional ROI: 3.86%
920 Veterans Way #204 Carmel, IN Welcome to 920 Veterans Way, a never-lived-in luxury end unit offering superior privacy, d...	2 beds \| 2 baths \| 1,515 sq.ft.	$650,000	Airbnb cash on cash: -5.35% Traditional cash on cash: -3.95% Airbnb Rental Income: $1883 Traditional Rental Income: $2229 Airbnb ROI: -5.35% Traditional ROI: -3.95%
473 Hamlet Drive Carmel, IN Elevate your lifestyle with the stunning 3 Story Townhome in JG Village of Carmel, an exce...	3 beds \| 4 baths \| 3,105 sq.ft.	$1,169,770	Airbnb cash on cash: -0.54% Traditional cash on cash: 0.38% Airbnb Rental Income: $2509 Traditional Rental Income: $2906 Airbnb ROI: -0.54% Traditional ROI: 0.38%
10194 Briar Creek Lane Carmel, IN Stately Colonial in Briar Creek on 1/3 of an acre with beautiful landscaping. Seller is of...	4 beds \| 3 baths \| 3,594 sq.ft.	$539,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.49% Airbnb Rental Income: $2697 Traditional Rental Income: $2776 Airbnb ROI: 2.07% Traditional ROI: 3.49%
13438 Sedgwick Lane Carmel, IN Experience the best of both worlds in Sedgwick: a stately traditional presence paired with...	5 beds \| 6 baths \| 5,993 sq.ft.	$979,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $6518 Airbnb ROI: N/A Traditional ROI: 5.24%
3717 Zuker Court Carmel, IN Welcome to 3717 Zuker Ct in Carmel, IN! Located on a peaceful cul-de-sac in Hamilton Count...	4 beds \| 3 baths \| 2,648 sq.ft.	$450,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 4.28% Airbnb Rental Income: $2697 Traditional Rental Income: $2709 Airbnb ROI: 2.73% Traditional ROI: 4.28%
316 E City Center Drive Carmel, IN Welcome home to 316 E City Center Drive, this multi-level home sits just a 5-minute walk f...	4 beds \| 3 baths \| 2,139 sq.ft.	$385,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 4.88% Airbnb Rental Income: $2697 Traditional Rental Income: $2541 Airbnb ROI: 3.54% Traditional ROI: 4.88%
13158 Gatman Court Carmel, IN Immaculate 5BR/4.5BA home loaded with upgrades! Featuring hardwood floors, a coffered ceil...	5 beds \| 5 baths \| 5,295 sq.ft.	$1,100,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.71% Airbnb Rental Income: $null Traditional Rental Income: $4684 Airbnb ROI: N/A Traditional ROI: 2.71%
12517 Timber Creek Dr #11 Carmel, IN The one you have been waiting for! Welcome to your brand-new condominium in the heart of C...	2 beds \| 2 baths \| 1,070 sq.ft.	$279,900	Airbnb cash on cash: 2.58% Traditional cash on cash: 3.87% Airbnb Rental Income: $1883 Traditional Rental Income: $1720 Airbnb ROI: 2.58% Traditional ROI: 3.87%

Real Estate investment in Carmel, IN

There are 215 properties for sale in the city of Carmel . The median list price in Carmel is $550,000 and the average price per square foot is $190. In February 2026, the average monthly cash on cash return in Carmel is 3.00%. The average monthly rental income in Carmel is $2,677.

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

There are 215 investment properties available for sale in Carmel.

In 2026, 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 $2,677.

Your search for investment property begins and ends here

Investment Property for Sale in Carmel, IN

720 S Rangeline Rd #701

Carmel, IN

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

$3,600,000

Airbnb cash on cash: -1.36%

Traditional cash on cash: -0.98%

Airbnb Rental Income: $2509

Traditional Rental Income: $3179

Airbnb ROI: -1.36%

Traditional ROI: -0.98%

13062 Grand Vue Drive

Carmel, IN

3 beds | 4 baths | 2,385 sq.ft.

$395,000

Airbnb cash on cash: 2.65%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2509

Traditional Rental Income: $3005

Airbnb ROI: 2.65%

Traditional ROI: 5.62%

15364 Mystic Rock Dr

Carmel, IN

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

$314,000

Airbnb cash on cash: 3.2%

Traditional cash on cash: 4.97%

Airbnb Rental Income: $2509

Traditional Rental Income: $2425

Airbnb ROI: 3.2%

Traditional ROI: 4.97%

5776 Gyrfalcon Place

Carmel, IN

4 beds | 4 baths | 4,132 sq.ft.

$735,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $2697

Traditional Rental Income: $3457

Airbnb ROI: 1.18%

Traditional ROI: 3.22%

15340 Mystic Rock Dr

Carmel, IN

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

$330,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 5.44%

Airbnb Rental Income: $1883

Traditional Rental Income: $2774

Airbnb ROI: 0.95%

Traditional ROI: 5.44%

12652 Apsley Lane

Carmel, IN

4 beds | 4 baths | 3,312 sq.ft.

$699,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 3%

Airbnb Rental Income: $2697

Traditional Rental Income: $3226

Airbnb ROI: 1.21%

Traditional ROI: 3%

9699 Prairiewood Way

Carmel, IN

3 beds | 4 baths | 3,687 sq.ft.

$499,999

Airbnb cash on cash: 2.13%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $2509

Traditional Rental Income: $3697

Airbnb ROI: 2.13%

Traditional ROI: 5.97%

6172 E 122nd Street

Carmel, IN

4 beds | 2 baths | 2,556 sq.ft.

$575,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 3.61%

Airbnb Rental Income: $2697

Traditional Rental Income: $2757

Airbnb ROI: 2.31%