Real Estate Investment Properties for Sale in Evansville, IN

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

Explore a variety of short-term homes & houses in Evansville, IN. Invest wisely with VRBO & Evansville, 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 Evansville, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
224 Mulberry Street Evansville, IN An exciting real estate opportunity awaits in the Elizabeth Tabor House, a charming 1858 A...	2 beds \| 2 baths \| 2,312 sq.ft.	$339,900	Airbnb cash on cash: -0.86% Traditional cash on cash: 3.67% Airbnb Rental Income: $760 Traditional Rental Income: $1891 Airbnb ROI: -0.86% Traditional ROI: 3.67%
602 Wessel Lane Evansville, IN Well maintained ranch home situated on a beautiful landscaped lot with mature trees, a lon...	3 beds \| 2 baths \| 1,816 sq.ft.	$249,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 6.27% Airbnb Rental Income: $1189 Traditional Rental Income: $2017 Airbnb ROI: 1.12% Traditional ROI: 6.27%
215 Shane Court Evansville, IN Nestled on a quiet cul-de-sac in the highly sought after Summit Place neighborhood, this i...	2 beds \| 2 baths \| 1,308 sq.ft.	$239,500	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.55% Airbnb Rental Income: $760 Traditional Rental Income: $1610 Airbnb ROI: -0.6% Traditional ROI: 4.55%
1617 Peach Court Evansville, IN Welcome to this meticulously maintained, all-brick ranch nestled on .24 acres at the end o...	3 beds \| 2 baths \| 2,001 sq.ft.	$360,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.98% Airbnb Rental Income: $1189 Traditional Rental Income: $2070 Airbnb ROI: 0.22% Traditional ROI: 3.98%
15333 Reading Drive Evansville, IN Stunning Custom-Built Home on large lot in Poet Square, with Italianate Four Square inspir...	5 beds \| 4 baths \| 3,662 sq.ft.	$479,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.59% Airbnb Rental Income: $2077 Traditional Rental Income: $3478 Airbnb ROI: 1.27% Traditional ROI: 5.59%
8831 Jenkins Drive Evansville, IN Welcome home to this well cared-for, one owner residence located on the highly sought-afte...	4 beds \| 4 baths \| 3,348 sq.ft.	$589,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.88% Airbnb Rental Income: $1487 Traditional Rental Income: $3263 Airbnb ROI: -0.14% Traditional ROI: 3.88%
4100 Claremont Avenue Evansville, IN Welcome to 4100 Claremont Ave - a fantastic investment opportunity on Evansville's west si...	5 beds \| 2 baths \| 2,011 sq.ft.	$234,900	Airbnb cash on cash: 4.51% Traditional cash on cash: 4.22% Airbnb Rental Income: $2077 Traditional Rental Income: $1478 Airbnb ROI: 4.51% Traditional ROI: 4.22%
1518 Breezy Creek Drive Evansville, IN Why wait to build when you can have it all right now? This beautifully maintained, newer c...	4 beds \| 3 baths \| 2,750 sq.ft.	$375,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 5.1% Airbnb Rental Income: $1487 Traditional Rental Income: $2522 Airbnb ROI: 0.91% Traditional ROI: 5.1%
300 Main Street #2C Evansville, IN This one-of-a-kind downtown condo combines elegance, craftsmanship, and modern comfort wit...	3 beds \| 3 baths \| 2,628 sq.ft.	$450,000	Airbnb cash on cash: -2.77% Traditional cash on cash: 2.53% Airbnb Rental Income: $1189 Traditional Rental Income: $3036 Airbnb ROI: -2.77% Traditional ROI: 2.53%
4302 Norwich Place Evansville, IN RARE FIND ALL-BRICK RANCH IN GREEN RIVER ESTATES...3-Bedrooms + 2.5 Baths...Ready to Move-...	3 beds \| 3 baths \| 2,066 sq.ft.	$344,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.53% Airbnb Rental Income: $1189 Traditional Rental Income: $2152 Airbnb ROI: 0.36% Traditional ROI: 4.53%
10848 Sable Ridge Drive Evansville, IN Beautiful brick DP Homes 3-bedroom, 2-bath home featuring an oversized bonus room that cou...	3 beds \| 2 baths \| 2,364 sq.ft.	$460,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.21% Airbnb Rental Income: $1189 Traditional Rental Income: $2363 Airbnb ROI: -0.41% Traditional ROI: 3.21%
720 SE First Street Evansville, IN The Charles Wedding House, constructed circa 1888 in the Italianate style, presents the ne...	4 beds \| 3 baths \| 2,960 sq.ft.	$375,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 5.59% Airbnb Rental Income: $1487 Traditional Rental Income: $2581 Airbnb ROI: 1.24% Traditional ROI: 5.59%
3120 Ralston Drive Evansville, IN Welcome to this like-new, lakefront ranch built by Thompson Homes in the established Cente...	4 beds \| 3 baths \| 2,497 sq.ft.	$459,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.92% Airbnb Rental Income: $1487 Traditional Rental Income: $2220 Airbnb ROI: 0.2% Traditional ROI: 2.92%
5708 N Fares Avenue Evansville, IN Welcome home to this charming North Side property conveniently located near the Evansville...	2 beds \| 1 baths \| 770 sq.ft.	$119,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 6.39% Airbnb Rental Income: $760 Traditional Rental Income: $992 Airbnb ROI: 1.66% Traditional ROI: 6.39%
714 W Berkeley Avenue Evansville, IN Welcome to 714 W. Berkeley Ave. This home consists of 3 bedrooms 1 full bathroom, living r...	3 beds \| 1 baths \| 925 sq.ft.	$179,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.19% Airbnb Rental Income: $1189 Traditional Rental Income: $1227 Airbnb ROI: 1.7% Traditional ROI: 4.19%
100 E Olmstead Avenue Evansville, IN Adorable bungalow located on the Northside of Evansville just off Stringtown Road. Sip som...	2 beds \| 1 baths \| 855 sq.ft.	$149,500	Airbnb cash on cash: 1.15% Traditional cash on cash: 6.94% Airbnb Rental Income: $760 Traditional Rental Income: $1272 Airbnb ROI: 1.15% Traditional ROI: 6.94%
3137 Arlington Avenue Evansville, IN West side charmer with more personality than homes twice the price - and you need to see i...	2 beds \| 1 baths \| 1,446 sq.ft.	$139,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 7.79% Airbnb Rental Income: $760 Traditional Rental Income: $1306 Airbnb ROI: 1.37% Traditional ROI: 7.79%
1401 Southeast Boulevard Evansville, IN Welcome to the Boulevard in Lincolnshire! This Tudor-style home is full of charm, characte...	5 beds \| 3 baths \| 3,717 sq.ft.	$224,900	Airbnb cash on cash: 4.67% Traditional cash on cash: 11.13% Airbnb Rental Income: $2077 Traditional Rental Income: $2916 Airbnb ROI: 4.67% Traditional ROI: 11.13%
600 S Cullen Avenue #907 Evansville, IN Experience sophisticated high-rise living in this completely renovated, 1,435-square-foot ...	2 beds \| 2 baths \| 1,435 sq.ft.	$170,000	Airbnb cash on cash: -2.4% Traditional cash on cash: 4.42% Airbnb Rental Income: $760 Traditional Rental Income: $1550 Airbnb ROI: -2.4% Traditional ROI: 4.42%
19 Chandler Avenue Evansville, IN Historic charm. Modern updates. Absolutely move-in ready! Located in the heart of the Rive...	4 beds \| 3 baths \| 2,157 sq.ft.	$349,900	Airbnb cash on cash: 0.9% Traditional cash on cash: 5.17% Airbnb Rental Income: $1487 Traditional Rental Income: $2454 Airbnb ROI: 0.9% Traditional ROI: 5.17%
4104 Eagle Watch Drive Evansville, IN Hurry! You don't want to miss this four bedroom, three bath home located in a desirable ne...	4 beds \| 3 baths \| 2,481 sq.ft.	$369,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.73% Airbnb Rental Income: $1487 Traditional Rental Income: $2405 Airbnb ROI: 0.82% Traditional ROI: 4.73%
1660 Lincoln Avenue Evansville, IN Charming Character Meets Modern Luxury Near U of E! Discover the perfect blend of historic...	3 beds \| 2 baths \| 2,370 sq.ft.	$299,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 6.08% Airbnb Rental Income: $1189 Traditional Rental Income: $2291 Airbnb ROI: 0.79% Traditional ROI: 6.08%
4645 Rathbone Drive Evansville, IN Built in 2006, this property offers an inviting open floor plan with cathedral ceilings th...	3 beds \| 2 baths \| 1,349 sq.ft.	$265,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 4.53% Airbnb Rental Income: $1189 Traditional Rental Income: $1644 Airbnb ROI: 1.16% Traditional ROI: 4.53%
5131 Stables Drive Evansville, IN Enjoy easy living in this beautiful Craftsman-style 3-bedroom, 2-bath home with 9-foot cei...	3 beds \| 2 baths \| 1,408 sq.ft.	$274,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.56% Airbnb Rental Income: $1189 Traditional Rental Income: $1755 Airbnb ROI: 0.88% Traditional ROI: 4.56%
28 Oak Meadow Road Evansville, IN Located in the desirable Oak Meadow neighborhood, this stately 4-bedroom home with a spaci...	4 beds \| 3 baths \| 3,861 sq.ft.	$529,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.09% Airbnb Rental Income: $1487 Traditional Rental Income: $2552 Airbnb ROI: 0.06% Traditional ROI: 3.09%
2606 Lexington Road Evansville, IN Welcome home 2606 Lexington Rd! This home features significant upgrades and improvements s...	3 beds \| 1 baths \| 1,274 sq.ft.	$215,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 5.13% Airbnb Rental Income: $1189 Traditional Rental Income: $1461 Airbnb ROI: 1.91% Traditional ROI: 5.13%
2016 E Riverside Drive Evansville, IN Welcome to this charming, move-in ready home on East Riverside Drive! This well-maintained...	2 beds \| 1 baths \| 960 sq.ft.	$110,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 7.58% Airbnb Rental Income: $760 Traditional Rental Income: $1096 Airbnb ROI: 1.46% Traditional ROI: 7.58%
729 Georgette Road Evansville, IN This 2-bedroom, 1-bath home offers comfortable living space, an attached 1-car garage, and...	2 beds \| 1 baths \| 884 sq.ft.	$154,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.7% Airbnb Rental Income: $760 Traditional Rental Income: $1177 Airbnb ROI: 0.75% Traditional ROI: 5.7%
2120 E Blackford Avenue Evansville, IN Less than 1 mile and only 3 minutes from University of Evansville (UE), this beautifully u...	2 beds \| 1 baths \| 984 sq.ft.	$182,488	Airbnb cash on cash: 0.18% Traditional cash on cash: 5.05% Airbnb Rental Income: $760 Traditional Rental Income: $1289 Airbnb ROI: 0.18% Traditional ROI: 5.05%
803 SE Riverside Drive Evansville, IN Huge income potential in the heart of the near downtown! 3 of the 4 units are occupied! Cl...	6 beds \| 4 baths \| 4,590 sq.ft.	$249,900	Airbnb cash on cash: 4.24% Traditional cash on cash: 11.76% Airbnb Rental Income: $2077 Traditional Rental Income: $3315 Airbnb ROI: 4.24% Traditional ROI: 11.76%
1206 Delmar Avenue Evansville, IN Charming West-side all-brick 2 bedroom, 1 bath home offering a bright open-concept layout ...	2 beds \| 1 baths \| 984 sq.ft.	$138,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 7.57% Airbnb Rental Income: $760 Traditional Rental Income: $1298 Airbnb ROI: 1.17% Traditional ROI: 7.57%
752 S Englewood Avenue Evansville, IN Welcome to 752 S. Englewood Avenue, a charming and beautifully updated home ideally locate...	3 beds \| 1 baths \| 1,184 sq.ft.	$210,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 4.98% Airbnb Rental Income: $1189 Traditional Rental Income: $1441 Airbnb ROI: 1.77% Traditional ROI: 4.98%
627 S Englewood Avenue Evansville, IN Next Home, Next Adventure! Step into timeless detail and uber functionality - where every ...	2 beds \| 1 baths \| 1,008 sq.ft.	$160,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 5.23% Airbnb Rental Income: $760 Traditional Rental Income: $1148 Airbnb ROI: 0.63% Traditional ROI: 5.23%
7612 Adams Avenue Evansville, IN Welcome home to this tastefully updated all-brick ranch located on Evansville's desirable ...	3 beds \| 2 baths \| 1,257 sq.ft.	$219,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 5.29% Airbnb Rental Income: $1189 Traditional Rental Income: $1541 Airbnb ROI: 1.74% Traditional ROI: 5.29%
2226 E Gum Street Evansville, IN Welcome to 2226 E. Gum Street. This beautiful mid-century modern ranch has all the charm a...	3 beds \| 2 baths \| 2,257 sq.ft.	$329,900	Airbnb cash on cash: 0.51% Traditional cash on cash: 4.86% Airbnb Rental Income: $1189 Traditional Rental Income: $2151 Airbnb ROI: 0.51% Traditional ROI: 4.86%
9707 Denzer Road Evansville, IN Escape to your own private paradise with this stunning mid-century style ranch, perfectly ...	4 beds \| 3 baths \| 4,445 sq.ft.	$495,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.89% Airbnb Rental Income: $1487 Traditional Rental Income: $3123 Airbnb ROI: 0.41% Traditional ROI: 4.89%
1521 Larkinwood Lane Evansville, IN This beautiful Federal-style home delivers timeless style paired with all the amenities yo...	4 beds \| 3 baths \| 4,489 sq.ft.	$575,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 2.11% Airbnb Rental Income: $1487 Traditional Rental Income: $2481 Airbnb ROI: -0.55% Traditional ROI: 2.11%
2020 S Kerth Avenue Evansville, IN MUST SEE! Home Sweet Home- Your own private backyard oasis awaits! This adorable 2-bedroom...	2 beds \| 1 baths \| 1,481 sq.ft.	$154,500	Airbnb cash on cash: 0.66% Traditional cash on cash: 5.98% Airbnb Rental Income: $760 Traditional Rental Income: $1230 Airbnb ROI: 0.66% Traditional ROI: 5.98%
6510 Lincoln Avenue Evansville, IN Well-located move-in ready single-family home on Evansville's desirable East Side, just mi...	3 beds \| 2 baths \| 1,324 sq.ft.	$230,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 5.36% Airbnb Rental Income: $1189 Traditional Rental Income: $1608 Airbnb ROI: 1.65% Traditional ROI: 5.36%
9230 Clear Creek Drive Evansville, IN Welcome home to this exceptionally spacious 4-bedroom, 2.5-bath home offering a versatile ...	4 beds \| 3 baths \| 2,634 sq.ft.	$329,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 6.04% Airbnb Rental Income: $1487 Traditional Rental Income: $2495 Airbnb ROI: 1.38% Traditional ROI: 6.04%

Real Estate investment in Evansville, IN

There are 410 properties for sale in the city of Evansville . The median list price in Evansville is $174,697 and the average price per square foot is $87. In August 2026, the average monthly cash on cash return in Evansville is 6.00%. The average monthly rental income in Evansville is $1,799.

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

There are 410 investment properties available for sale in Evansville.

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

The ROI for Long-Term is higher than the Short-Term in Evansville with average rental income of $1,799.

Your search for investment property begins and ends here

Investment Property for Sale in Evansville, IN

224 Mulberry Street

Evansville, IN

2 beds | 2 baths | 2,312 sq.ft.

$339,900

Airbnb cash on cash: -0.86%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $760

Traditional Rental Income: $1891

Airbnb ROI: -0.86%

Traditional ROI: 3.67%

602 Wessel Lane

Evansville, IN

3 beds | 2 baths | 1,816 sq.ft.

$249,900

Airbnb cash on cash: 1.12%

Traditional cash on cash: 6.27%

Airbnb Rental Income: $1189

Traditional Rental Income: $2017

Airbnb ROI: 1.12%

Traditional ROI: 6.27%

215 Shane Court

Evansville, IN

2 beds | 2 baths | 1,308 sq.ft.

$239,500

Airbnb cash on cash: -0.6%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $760

Traditional Rental Income: $1610

Airbnb ROI: -0.6%

Traditional ROI: 4.55%

1617 Peach Court

Evansville, IN

3 beds | 2 baths | 2,001 sq.ft.

$360,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 3.98%

Airbnb Rental Income: $1189

Traditional Rental Income: $2070

Airbnb ROI: 0.22%

Traditional ROI: 3.98%

15333 Reading Drive

Evansville, IN

5 beds | 4 baths | 3,662 sq.ft.

$479,000

Airbnb cash on cash: 1.27%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2077

Traditional Rental Income: $3478

Airbnb ROI: 1.27%

Traditional ROI: 5.59%

8831 Jenkins Drive

Evansville, IN

4 beds | 4 baths | 3,348 sq.ft.

$589,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1487

Traditional Rental Income: $3263

Airbnb ROI: -0.14%

Traditional ROI: 3.88%

4100 Claremont Avenue

Evansville, IN

5 beds | 2 baths | 2,011 sq.ft.

$234,900

Airbnb cash on cash: 4.51%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $2077

Traditional Rental Income: $1478

Airbnb ROI: 4.51%

Traditional ROI: 4.22%

1518 Breezy Creek Drive

Evansville, IN

4 beds | 3 baths | 2,750 sq.ft.

$375,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1487

Traditional Rental Income: $2522

Airbnb ROI: 0.91%