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 Road #701 Carmel, IN Sky-High Sophistication in the Heart of Carmel. Experience a lifestyle that's literally ab...	3 beds \| 4 baths \| 3,765 sq.ft.	$3,250,000	Airbnb cash on cash: -1.13% Traditional cash on cash: -0.78% Airbnb Rental Income: $2767 Traditional Rental Income: $3179 Airbnb ROI: -1.13% Traditional ROI: -0.78%
13062 Grand Vue Drive Carmel, IN Experience low-maintenance living in an exceptional Carmel location! One of the largest un...	3 beds \| 4 baths \| 2,385 sq.ft.	$475,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 4.28% Airbnb Rental Income: $2767 Traditional Rental Income: $3005 Airbnb ROI: 2.28% Traditional ROI: 4.28%
13996 Finnhorse Drive Carmel, IN Welcome to 13996 Finnhorse Drive, a beautifully designed craftsman style home in the desir...	3 beds \| 3 baths \| 2,592 sq.ft.	$715,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.58% Airbnb Rental Income: $2767 Traditional Rental Income: $2489 Airbnb ROI: 1.03% Traditional ROI: 1.58%
14710 Laredo Court Carmel, IN Tucked away on a quiet cul-de-sac in highly desirable Village Farms, this beautifully main...	4 beds \| 3 baths \| 3,335 sq.ft.	$615,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 2.97% Airbnb Rental Income: $2876 Traditional Rental Income: $2821 Airbnb ROI: 1.9% Traditional ROI: 2.97%
1442 Polo Chase Court Carmel, IN Welcome home to this beautifully updated, move-in-ready 4-bedroom home in a wonderful West...	4 beds \| 3 baths \| 3,516 sq.ft.	$659,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.02% Airbnb Rental Income: $2876 Traditional Rental Income: $2703 Airbnb ROI: 1.21% Traditional ROI: 2.02%
1319 Cool Creek Drive Carmel, IN Tucked on a wooded .62-acre cul-de-sac lot along a creek in Cool Creek Estates, this Carme...	4 beds \| 4 baths \| 3,957 sq.ft.	$599,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.49% Airbnb Rental Income: $2876 Traditional Rental Income: $3606 Airbnb ROI: 1.99% Traditional ROI: 4.49%
829 Ivy Lane Carmel, IN Experience the best of Carmel living in one of the most in-demand townhome communities in ...	3 beds \| 4 baths \| 2,458 sq.ft.	$409,900	Airbnb cash on cash: 2.42% Traditional cash on cash: 4.06% Airbnb Rental Income: $2767 Traditional Rental Income: $2748 Airbnb ROI: 2.42% Traditional ROI: 4.06%
459 Heritage Terrace Lane Carmel, IN SUPER RARE FIND! An exclusive maintenance free community situated in the HEART OF CARMEL, ...	4 beds \| 4 baths \| 5,356 sq.ft.	$924,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 2.24% Airbnb Rental Income: $2876 Traditional Rental Income: $3319 Airbnb ROI: 0.94% Traditional ROI: 2.24%
14207 McNichols Way Carmel, IN New carpet throughout! Welcome home to this beautifully designed 3-bedroom, 3.5-bath resid...	3 beds \| 4 baths \| 2,194 sq.ft.	$385,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 5.29% Airbnb Rental Income: $2767 Traditional Rental Income: $2770 Airbnb ROI: 3.49% Traditional ROI: 5.29%
14004 Grannan Lane Carmel, IN MAJOR PRICE REDUCTION - NOW $50,000 LESS! Exceptional value for this distinctive Wedgewood...	4 beds \| 5 baths \| 4,320 sq.ft.	$1,125,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.87% Airbnb Rental Income: $2876 Traditional Rental Income: $5202 Airbnb ROI: 0.01% Traditional ROI: 2.87%
12657 Treaty Line Street Carmel, IN Gorgeous Village of West Clay ranch home on a beautifully landscaped corner lot within wal...	3 beds \| 4 baths \| 4,502 sq.ft.	$975,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 0.85% Airbnb Rental Income: $2767 Traditional Rental Income: $2867 Airbnb ROI: 0.03% Traditional ROI: 0.85%
1160 Birnam Woods Trail Carmel, IN Discover a timeless single-family residence at 1160 Birnam Woods TRL in Carmel, IN. Built ...	3 beds \| 2 baths \| 1,325 sq.ft.	$317,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 2.66% Airbnb Rental Income: $2767 Traditional Rental Income: $1706 Airbnb ROI: 4.03% Traditional ROI: 2.66%
11812 Harvard Lane Carmel, IN Step into easy, breezy living at 11812 Harvard Lane. This Carmel gem is all about reclaimi...	3 beds \| 4 baths \| 2,458 sq.ft.	$405,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 4.09% Airbnb Rental Income: $2767 Traditional Rental Income: $2723 Airbnb ROI: 2.5% Traditional ROI: 4.09%
12731 Forsyth Street Carmel, IN Set in the heart of the Village of WestClay, this charming Victorian-style end-unit townho...	3 beds \| 3 baths \| 2,207 sq.ft.	$549,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 0.78% Airbnb Rental Income: $2767 Traditional Rental Income: $2411 Airbnb ROI: 0.21% Traditional ROI: 0.78%
651 Hawthorne Drive Carmel, IN Welcome Home! This beautiful 4-bedroom home in the popular Cool Creek North neighborhood i...	4 beds \| 3 baths \| 2,854 sq.ft.	$510,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 3.92% Airbnb Rental Income: $2876 Traditional Rental Income: $2841 Airbnb ROI: 2.59% Traditional ROI: 3.92%
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: 2.38% Traditional cash on cash: 5.76% Airbnb Rental Income: $2767 Traditional Rental Income: $3697 Airbnb ROI: 2.38% Traditional ROI: 5.76%
14350 Greenbelt Court Carmel, IN A vaulted primary suite and a kitchen-centered gathering area give 14350 Greenbelt Ct its ...	4 beds \| 3 baths \| 1,984 sq.ft.	$398,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 3.44% Airbnb Rental Income: $2876 Traditional Rental Income: $2408 Airbnb ROI: 2.9% Traditional ROI: 3.44%
9748 Greentree Drive Carmel, IN Seller is open to Seller Concessions with Acceptable Offer! GOLF COURSE VIEWS, NEARLY AN A...	4 beds \| 3 baths \| 2,238 sq.ft.	$467,900	Airbnb cash on cash: 3.34% Traditional cash on cash: 3.85% Airbnb Rental Income: $2876 Traditional Rental Income: $2432 Airbnb ROI: 3.34% Traditional ROI: 3.85%
7116 Cherry Creek Boulevard Carmel, IN Welcome to 7116 Cherry Creek Boulevard, a beautifully updated 3-bedroom, 2.5-bath paired c...	3 beds \| 3 baths \| 2,223 sq.ft.	$475,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.01% Airbnb Rental Income: $2767 Traditional Rental Income: $2564 Airbnb ROI: 2.01% Traditional ROI: 3.01%
14479 Allison Drive Carmel, IN Great family home in a great family neighborhood that needs another family to raise! This ...	3 beds \| 3 baths \| 3,590 sq.ft.	$525,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 1.17% Airbnb Rental Income: $2767 Traditional Rental Income: $2238 Airbnb ROI: 0.92% Traditional ROI: 1.17%
5786 Gyrfalcon Place Carmel, IN Welcome home to this beautiful residence in the highly sought after Trails at Avian Glen n...	4 beds \| 4 baths \| 4,288 sq.ft.	$749,500	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.86% Airbnb Rental Income: $2876 Traditional Rental Income: $3458 Airbnb ROI: 1.07% Traditional ROI: 2.86%
453 American Way S Carmel, IN Ready to upgrade from hanging out in Carmel to "I live here"? This end-unit townhouse puts...	2 beds \| 3 baths \| 1,857 sq.ft.	$405,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 3.6% Airbnb Rental Income: $2869 Traditional Rental Income: $2301 Airbnb ROI: 3.34% Traditional ROI: 3.6%
2579 Filson Street Carmel, IN Luxury awaits in this modern and chic 2-bedroom, 2.5-bath townhome, perfectly located in t...	2 beds \| 3 baths \| 1,731 sq.ft.	$379,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.33% Airbnb Rental Income: $2869 Traditional Rental Income: $2439 Airbnb ROI: 1.66% Traditional ROI: 2.33%
5868 E 126th Street Carmel, IN Welcome home to this beautifully updated two-story brick and vinyl residence nestled in on...	4 beds \| 3 baths \| 2,242 sq.ft.	$410,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 4.14% Airbnb Rental Income: $2876 Traditional Rental Income: $2460 Airbnb ROI: 3.48% Traditional ROI: 4.14%
14561 Waverly Drive Carmel, IN Tucked away on a premium wooded lot in the sought-after Ashmore Trace neighborhood, this b...	4 beds \| 3 baths \| 2,120 sq.ft.	$435,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.13% Airbnb Rental Income: $2876 Traditional Rental Income: $2517 Airbnb ROI: 3.37% Traditional ROI: 4.13%
2618 Congress Street Carmel, IN Located in the sought-after Village of WestClay, this exceptional 3-bed, 3.5 bath townhome...	3 beds \| 4 baths \| 2,108 sq.ft.	$439,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 2.41% Airbnb Rental Income: $2767 Traditional Rental Income: $2491 Airbnb ROI: 1.5% Traditional ROI: 2.41%
14082 Platte Drive Carmel, IN Welcome to 14082 Platte Drive, a spacious ranch with a finished basement in desirable Cher...	4 beds \| 3 baths \| 3,771 sq.ft.	$659,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 1.69% Airbnb Rental Income: $2876 Traditional Rental Income: $2332 Airbnb ROI: 1.48% Traditional ROI: 1.69%
10575 Power Drive Carmel, IN Exceptional East Carmel home offering the perfect blend of style, comfort, and space! Rich...	4 beds \| 4 baths \| 4,555 sq.ft.	$759,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 2.64% Airbnb Rental Income: $2876 Traditional Rental Income: $3404 Airbnb ROI: 0.95% Traditional ROI: 2.64%
324 Neuman Way Carmel, IN Move-in ready and beautifully updated condo in the heart of Carmel's Arts & Design Distric...	2 beds \| 3 baths \| 1,946 sq.ft.	$524,900	Airbnb cash on cash: 1.85% Traditional cash on cash: 1.75% Airbnb Rental Income: $2869 Traditional Rental Income: $2153 Airbnb ROI: 1.85% Traditional ROI: 1.75%
14551 Dublin Drive Carmel, IN Seller offering a $5,000 appliance credit! Warm and cozy 4 bedroom, 2.5 bath home in a con...	4 beds \| 3 baths \| 1,987 sq.ft.	$349,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 4.51% Airbnb Rental Income: $2876 Traditional Rental Income: $2165 Airbnb ROI: 4.64% Traditional ROI: 4.51%
10479 Bishop Circle Carmel, IN West Carmel Gated Community Carmel Schools Waterfront & Fountain Views A rare opportunity ...	5 beds \| 6 baths \| 8,286 sq.ft.	$1,699,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 1.06% Airbnb Rental Income: $3704 Traditional Rental Income: $6099 Airbnb ROI: -0.97% Traditional ROI: 1.06%
3803 Steeplechase Drive Carmel, IN Settle-in this Fall and get ready to enjoy this amazing home on a .78 acre lot, in a cul-d...	4 beds \| 5 baths \| 6,727 sq.ft.	$1,270,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.03% Airbnb Rental Income: $2876 Traditional Rental Income: $4448 Airbnb ROI: 0.14% Traditional ROI: 2.03%
12992 Moultrie Street Carmel, IN Welcome home to this bright, contemporary three-story townhome in the Village of WestClay,...	3 beds \| 3 baths \| 2,095 sq.ft.	$469,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 2.64% Airbnb Rental Income: $2767 Traditional Rental Income: $2910 Airbnb ROI: 0.84% Traditional ROI: 2.64%
11896 Spring Mill Road Carmel, IN Discover Elevated Living at JG Village. Experience refined townhome living in this just li...	3 beds \| 3 baths \| 2,840 sq.ft.	$995,000	Airbnb cash on cash: -0.8% Traditional cash on cash: -0.06% Airbnb Rental Income: $2767 Traditional Rental Income: $2797 Airbnb ROI: -0.8% Traditional ROI: -0.06%
1216 Shadow Ridge Road Carmel, IN Amenity-Rich, Maintenance Free Living Just Minutes from Downtown Carmel! Experience resort...	2 beds \| 2 baths \| 1,446 sq.ft.	$305,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 2.32% Airbnb Rental Income: $2869 Traditional Rental Income: $1869 Airbnb ROI: 3.48% Traditional ROI: 2.32%
12519 Timber Creek Drive #2 Carmel, IN LOCATION is EVERYTHING! This desirable, low-maintenance end-unit condo offers 2 bedrooms, ...	2 beds \| 2 baths \| 1,070 sq.ft.	$215,000	Airbnb cash on cash: 7.8% Traditional cash on cash: 5.46% Airbnb Rental Income: $2869 Traditional Rental Income: $1726 Airbnb ROI: 7.8% Traditional ROI: 5.46%
1836 W Main Street Carmel, IN Opportunities like 1836 W Main Street are seldom seen. At almost an acre this is the perfe...	3 beds \| 1 baths \| 1,225 sq.ft.	$795,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 0.69% Airbnb Rental Income: $2767 Traditional Rental Income: $1539 Airbnb ROI: 1.47% Traditional ROI: 0.69%
912 W Auman Drive Carmel, IN BRAND NEW CONSTRUCTION in popular downtown Carmel, walking distance to Carmel shops and re...	5 beds \| 6 baths \| 4,355 sq.ft.	$2,299,850	Airbnb cash on cash: 0.25% Traditional cash on cash: -0.47% Airbnb Rental Income: $3704 Traditional Rental Income: $1367 Airbnb ROI: 0.25% Traditional ROI: -0.47%
6959 Equality Boulevard Carmel, IN ALMOST new 3 level townhome in Windward at Legacy's is awaiting its new owner! This stunni...	3 beds \| 4 baths \| 1,826 sq.ft.	$409,900	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.46% Airbnb Rental Income: $2767 Traditional Rental Income: $2502 Airbnb ROI: 2.46% Traditional ROI: 3.46%
1452 E Greyhound Pass Carmel, IN This exceptional homesite, set on a nearly 3/4-acre lot with mature trees backing up to a ...	4 beds \| 4 baths \| 2,932 sq.ft.	$836,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 2.35% Airbnb Rental Income: $2876 Traditional Rental Income: $2786 Airbnb ROI: 1.61% Traditional ROI: 2.35%

Real Estate investment in Carmel, IN

There are 194 properties for sale in the city of Carmel . The median list price in Carmel is $569,729 and the average price per square foot is $203. In November 2026, the average monthly cash on cash return in Carmel is 3.00%. The average monthly rental income in Carmel is $2,465.

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

There are 194 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 $2,465.

Your search for investment property begins and ends here

Investment Property for Sale in Carmel, IN

720 S Rangeline Road #701

Carmel, IN

3 beds | 4 baths | 3,765 sq.ft.

$3,250,000

Airbnb cash on cash: -1.13%

Traditional cash on cash: -0.78%

Airbnb Rental Income: $2767

Traditional Rental Income: $3179

Airbnb ROI: -1.13%

Traditional ROI: -0.78%

13062 Grand Vue Drive

Carmel, IN

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

$475,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $2767

Traditional Rental Income: $3005

Airbnb ROI: 2.28%

Traditional ROI: 4.28%

13996 Finnhorse Drive

Carmel, IN

3 beds | 3 baths | 2,592 sq.ft.

$715,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $2767

Traditional Rental Income: $2489

Airbnb ROI: 1.03%

Traditional ROI: 1.58%

14710 Laredo Court

Carmel, IN

4 beds | 3 baths | 3,335 sq.ft.

$615,000

Airbnb cash on cash: 1.9%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $2876

Traditional Rental Income: $2821

Airbnb ROI: 1.9%

Traditional ROI: 2.97%

1442 Polo Chase Court

Carmel, IN

4 beds | 3 baths | 3,516 sq.ft.

$659,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 2.02%

Airbnb Rental Income: $2876

Traditional Rental Income: $2703

Airbnb ROI: 1.21%

Traditional ROI: 2.02%

1319 Cool Creek Drive

Carmel, IN

4 beds | 4 baths | 3,957 sq.ft.

$599,000

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $2876

Traditional Rental Income: $3606

Airbnb ROI: 1.99%

Traditional ROI: 4.49%

829 Ivy Lane

Carmel, IN

3 beds | 4 baths | 2,458 sq.ft.

$409,900

Airbnb cash on cash: 2.42%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $2767

Traditional Rental Income: $2748

Airbnb ROI: 2.42%

Traditional ROI: 4.06%

459 Heritage Terrace Lane

Carmel, IN

4 beds | 4 baths | 5,356 sq.ft.

$924,900

Airbnb cash on cash: 0.94%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $2876

Traditional Rental Income: $3319

Airbnb ROI: 0.94%