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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
224 Mulberry Street Evansville, IN Exciting opportunity awaits in this charming 1858 Antebellum all-brick home known as the E...	2 beds \| 2 baths \| 2,312 sq.ft.	$349,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 3.54% Airbnb Rental Income: $781 Traditional Rental Income: $1891 Airbnb ROI: -0.81% Traditional ROI: 3.54%
1107 Harmony Way Evansville, IN Step into this delightful home, perfectly suited for those seeking comfort and convenience...	2 beds \| 2 baths \| 1,332 sq.ft.	$146,500	Airbnb cash on cash: 1.17% Traditional cash on cash: 7.66% Airbnb Rental Income: $781 Traditional Rental Income: $1372 Airbnb ROI: 1.17% Traditional ROI: 7.66%
621 N Fulton Avenue Evansville, IN Professionally managed 4 unit building. New roof and 2 new HVAC units. Remodeled and full...	3 beds \| 4 baths \| 4,464 sq.ft.	$199,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 6.17% Airbnb Rental Income: $1201 Traditional Rental Income: $1716 Airbnb ROI: 1.38% Traditional ROI: 6.17%
1829 S Parker Drive Evansville, IN Welcome home to this charming brick house offering comfort, space, and versatility. Featur...	3 beds \| 2 baths \| 2,196 sq.ft.	$184,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 8.56% Airbnb Rental Income: $1201 Traditional Rental Income: $1886 Airbnb ROI: 2.45% Traditional ROI: 8.56%
2909 E Mulberry Street Evansville, IN Charming 1.5 Story in Lincoln Manor, totals 2167sqft with 3 bedrooms, 3 bathrooms, family ...	3 beds \| 3 baths \| 2,167 sq.ft.	$199,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 10.28% Airbnb Rental Income: $1201 Traditional Rental Income: $2417 Airbnb ROI: 1.78% Traditional ROI: 10.28%
1809 Saint James Boulevard Evansville, IN Great investment, 3-bedroom, 2-bath.	3 beds \| 2 baths \| 1,216 sq.ft.	$105,000	Airbnb cash on cash: 5.21% Traditional cash on cash: 11.66% Airbnb Rental Income: $1201 Traditional Rental Income: $1469 Airbnb ROI: 5.21% Traditional ROI: 11.66%
6117 Ashbrooke Road Evansville, IN Move right in this three bedroom one and a half bath brick ranch style home located on the...	3 beds \| 2 baths \| 1,313 sq.ft.	$199,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 6.08% Airbnb Rental Income: $1201 Traditional Rental Income: $1605 Airbnb ROI: 1.9% Traditional ROI: 6.08%
3701 Laurel Avenue Evansville, IN Welcome to 3701 Laurel Ave! This well-maintained West Side home sits at the end of a quiet...	2 beds \| 2 baths \| 1,850 sq.ft.	$179,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 6.06% Airbnb Rental Income: $781 Traditional Rental Income: $1367 Airbnb ROI: 0.78% Traditional ROI: 6.06%
4150 Clover Drive Evansville, IN Welcome home to this beautifully updated 4-bedroom residence in a highly desirable Northsi...	4 beds \| 3 baths \| 1,964 sq.ft.	$315,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 5.18% Airbnb Rental Income: $1363 Traditional Rental Income: $2202 Airbnb ROI: 0.95% Traditional ROI: 5.18%
3008 N Red Bank Road Evansville, IN Wow! You have been waiting for this one to come along! Rare find on Evansville's West Side...	4 beds \| 3 baths \| 3,442 sq.ft.	$449,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 4.75% Airbnb Rental Income: $1363 Traditional Rental Income: $2720 Airbnb ROI: 0.54% Traditional ROI: 4.75%
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.	$483,700	Airbnb cash on cash: -2.62% Traditional cash on cash: 2.29% Airbnb Rental Income: $1201 Traditional Rental Income: $3036 Airbnb ROI: -2.62% Traditional ROI: 2.29%
606 E Gum Street Evansville, IN This beautiful two-story home is filled with charm, character, and thoughtful updates thro...	3 beds \| 2 baths \| 1,920 sq.ft.	$165,000	Airbnb cash on cash: 3% Traditional cash on cash: 10.38% Airbnb Rental Income: $1201 Traditional Rental Income: $1974 Airbnb ROI: 3% Traditional ROI: 10.38%
5013 Cider Mill Court Evansville, IN Beautiful move-in ready home on the North Side of Evansville. 3 bedrooms, 2 1/2 baths. N...	3 beds \| 3 baths \| 2,328 sq.ft.	$360,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 4.87% Airbnb Rental Income: $1201 Traditional Rental Income: $2323 Airbnb ROI: 0.4% Traditional ROI: 4.87%
3243 Ralston Drive Evansville, IN Hurry! All brick 3 bedroom, 2 full bath ranch home with open floor plan in highly desirabl...	3 beds \| 2 baths \| 2,189 sq.ft.	$369,900	Airbnb cash on cash: 0.05% Traditional cash on cash: 4.05% Airbnb Rental Income: $1201 Traditional Rental Income: $2201 Airbnb ROI: 0.05% Traditional ROI: 4.05%
331 Southbrook Drive Evansville, IN Tucked away at the end of a quiet cul-de-sac, this beautifully maintained brick one-story ...	3 beds \| 2 baths \| 1,875 sq.ft.	$369,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 4.35% Airbnb Rental Income: $1201 Traditional Rental Income: $2278 Airbnb ROI: 0.13% Traditional ROI: 4.35%
2304 Herbert Avenue Evansville, IN Welcome to this charming and fully updated 3-bedroom, 1-bath ranch home thatâs truly mov...	3 beds \| 1 baths \| 825 sq.ft.	$132,400	Airbnb cash on cash: 4.31% Traditional cash on cash: 7.25% Airbnb Rental Income: $1201 Traditional Rental Income: $1186 Airbnb ROI: 4.31% Traditional ROI: 7.25%
5300 Gravenstein Court Evansville, IN Welcome to this beautiful home in The Orchardâs. The home has many recent updates and be...	3 beds \| 2 baths \| 1,657 sq.ft.	$298,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 3.48% Airbnb Rental Income: $1201 Traditional Rental Income: $1617 Airbnb ROI: 0.62% Traditional ROI: 3.48%
4001 Chappell Drive Evansville, IN Great North Side location! This move-in ready, custom-built home offers the perfect combin...	3 beds \| 2 baths \| 1,869 sq.ft.	$339,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.43% Airbnb Rental Income: $1201 Traditional Rental Income: $2116 Airbnb ROI: 0.33% Traditional ROI: 4.43%
515 Washington Avenue Evansville, IN Investor opportunity! Triplex featuring three separate apartments, each with its own priva...	5 beds \| 2 baths \| 1,460 sq.ft.	$160,000	Airbnb cash on cash: 4.07% Traditional cash on cash: 9.93% Airbnb Rental Income: $1355 Traditional Rental Income: $1836 Airbnb ROI: 4.07% Traditional ROI: 9.93%
3017 S Rotherwood Avenue Evansville, IN Packed with updates and space galore to store or create! You'll find both an attached 2-ca...	3 beds \| 2 baths \| 1,375 sq.ft.	$189,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 7.27% Airbnb Rental Income: $1201 Traditional Rental Income: $1713 Airbnb ROI: 2.28% Traditional ROI: 7.27%
501 W Berkeley Avenue Evansville, IN Amazing yard perfectly situated on .51 acres with park like setting . This 3-bedroom hom...	3 beds \| 1 baths \| 1,187 sq.ft.	$175,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 6.33% Airbnb Rental Income: $1201 Traditional Rental Income: $1479 Airbnb ROI: 2.33% Traditional ROI: 6.33%
803 SE Riverside Drive Evansville, IN Huge income potential in the heart of the near downtown! 3 of the 4 units are occupied! C...	6 beds \| 4 baths \| 4,590 sq.ft.	$275,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 10.61% Airbnb Rental Income: $1355 Traditional Rental Income: $3315 Airbnb ROI: 1.45% Traditional ROI: 10.61%
832 Groveview Court Evansville, IN Welcome home to this beautifully maintained 3-bedroom, 2.5-bath property in a sought-after...	3 beds \| 3 baths \| 1,886 sq.ft.	$319,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 5.82% Airbnb Rental Income: $1201 Traditional Rental Income: $2441 Airbnb ROI: 0.4% Traditional ROI: 5.82%
3323 Crater Drive Evansville, IN Well-maintained 3-bedroom, 2-bath one-story home located on a low-traffic street in the de...	3 beds \| 2 baths \| 1,325 sq.ft.	$260,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.22% Airbnb Rental Income: $1201 Traditional Rental Income: $1594 Airbnb ROI: 1.03% Traditional ROI: 4.22%
9434 Hedgewood Court Evansville, IN POPULAR NORTH SCHOOL DISTRICT...4-BEDROOMS + BONUS ROOM...Just Minutes to Green River Shop...	4 beds \| 3 baths \| 2,128 sq.ft.	$324,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.21% Airbnb Rental Income: $1363 Traditional Rental Income: $2252 Airbnb ROI: 0.94% Traditional ROI: 5.21%
7713 Dry Branch Road Evansville, IN This bright and airy 3-bedroom, 1-bath home offers 1,224 square feet of comfortable living...	3 beds \| 1 baths \| 1,224 sq.ft.	$214,900	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.09% Airbnb Rental Income: $1201 Traditional Rental Income: $1403 Airbnb ROI: 2.19% Traditional ROI: 5.09%
2730 Aruba Court Evansville, IN Fantastic 3 bedroom 2.5 home on an oversize cul-de-sac lot with lake view. This 2-story ho...	3 beds \| 3 baths \| 2,242 sq.ft.	$359,888	Airbnb cash on cash: 0.32% Traditional cash on cash: 4.59% Airbnb Rental Income: $1201 Traditional Rental Income: $2256 Airbnb ROI: 0.32% Traditional ROI: 4.59%
2013 Frisse Avenue Evansville, IN Located on Evansvilleâs east side, 2013 Frisse Ave offers 3 bedrooms, 2 full baths, and ...	3 beds \| 2 baths \| 1,074 sq.ft.	$146,500	Airbnb cash on cash: 2.77% Traditional cash on cash: 6.25% Airbnb Rental Income: $1201 Traditional Rental Income: $1301 Airbnb ROI: 2.77% Traditional ROI: 6.25%
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.	$634,900	Airbnb cash on cash: -0.74% Traditional cash on cash: 1.85% Airbnb Rental Income: $1363 Traditional Rental Income: $2481 Airbnb ROI: -0.74% Traditional ROI: 1.85%
713 Thornberry Drive Evansville, IN Well-kept 3-bedroom, 1-bath home offering recent interior updates, including fresh paint t...	3 beds \| 1 baths \| 925 sq.ft.	$163,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.87% Airbnb Rental Income: $1201 Traditional Rental Income: $1295 Airbnb ROI: 2.76% Traditional ROI: 5.87%
2707 E Chandler Avenue Evansville, IN Welcome to this charming and nicely updated bungalow on Evansvilleâs east sideâfull of...	3 beds \| 2 baths \| 1,665 sq.ft.	$249,900	Airbnb cash on cash: 1.41% Traditional cash on cash: 6.51% Airbnb Rental Income: $1201 Traditional Rental Income: $2014 Airbnb ROI: 1.41% Traditional ROI: 6.51%
1625 JOYCE AVE Evansville, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	2 beds \| 1 baths \| 1,324 sq.ft.	$200,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.57% Airbnb Rental Income: $781 Traditional Rental Income: $1266 Airbnb ROI: 0.33% Traditional ROI: 4.57%
2221 Bremmerton Drive Evansville, IN Well-maintained 3-bedroom, 2-bath home on a cul-de-sac with a versatile bonus room in Elli...	3 beds \| 2 baths \| 1,988 sq.ft.	$300,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.94% Airbnb Rental Income: $1201 Traditional Rental Income: $2036 Airbnb ROI: 0.6% Traditional ROI: 4.94%
10008 Clippinger Road Evansville, IN This charming home offers a functional split-bedroom design with 3 bedrooms and 2 bathroom...	3 beds \| 2 baths \| 1,491 sq.ft.	$240,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.46% Airbnb Rental Income: $1201 Traditional Rental Income: $1796 Airbnb ROI: 1.12% Traditional ROI: 5.46%
1620 E Blackford Avenue Evansville, IN Meet this 3-bedroom home packed with character and potential, located on a quiet eastside ...	3 beds \| 1 baths \| 909 sq.ft.	$165,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 6.31% Airbnb Rental Income: $1201 Traditional Rental Income: $1328 Airbnb ROI: 3.03% Traditional ROI: 6.31%
2505 Ravenswood Drive Evansville, IN Charming and well-maintained 3-bedroom, 1-bath home at 2505 Ravenswood featuring hardwood ...	3 beds \| 1 baths \| 932 sq.ft.	$132,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 6.67% Airbnb Rental Income: $1201 Traditional Rental Income: $1167 Airbnb ROI: 3.87% Traditional ROI: 6.67%
4839 Paddock Drive Evansville, IN Beautiful East Side Condo! This stunning 3-bedroom, 2-bath home features hardwood floors, ...	3 beds \| 2 baths \| 1,657 sq.ft.	$249,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.61% Airbnb Rental Income: $1201 Traditional Rental Income: $1559 Airbnb ROI: 1.44% Traditional ROI: 4.61%
3707 Furlong Drive Evansville, IN Wonderful two-story home with large bedrooms and a nice, flat back yard in Evansville's so...	3 beds \| 3 baths \| 2,370 sq.ft.	$319,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.89% Airbnb Rental Income: $1201 Traditional Rental Income: $1501 Airbnb ROI: 0.59% Traditional ROI: 2.89%
3024 Tremont Road Evansville, IN Updated Ranch with 1149sqft and 2 car garage in Country Club Manor! Includes 3 bedrooms, l...	3 beds \| 1 baths \| 1,149 sq.ft.	$177,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 6.34% Airbnb Rental Income: $1201 Traditional Rental Income: $1459 Airbnb ROI: 2.52% Traditional ROI: 6.34%
311 Van Dusen Avenue Evansville, IN Completely updated and move-in ready! This 3-bedroom, 2-bath home offers extensive upgrade...	3 beds \| 2 baths \| 1,780 sq.ft.	$224,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 8.01% Airbnb Rental Income: $1201 Traditional Rental Income: $2185 Airbnb ROI: 1.53% Traditional ROI: 8.01%

Real Estate investment in Evansville, IN

There are 302 properties for sale in the city of Evansville . The median list price in Evansville is $200,000 and the average price per square foot is $102. In January 2026, the average monthly cash on cash return in Evansville is 6.00%. The average monthly rental income in Evansville is $1,833.

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

There are 302 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 $1,833.

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.

$349,900

Airbnb cash on cash: -0.81%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $781

Traditional Rental Income: $1891

Airbnb ROI: -0.81%

Traditional ROI: 3.54%

1107 Harmony Way

Evansville, IN

2 beds | 2 baths | 1,332 sq.ft.

$146,500

Airbnb cash on cash: 1.17%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $781

Traditional Rental Income: $1372

Airbnb ROI: 1.17%

Traditional ROI: 7.66%

621 N Fulton Avenue

Evansville, IN

3 beds | 4 baths | 4,464 sq.ft.

$199,000

Airbnb cash on cash: 1.38%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $1201

Traditional Rental Income: $1716

Airbnb ROI: 1.38%

Traditional ROI: 6.17%

1829 S Parker Drive

Evansville, IN

3 beds | 2 baths | 2,196 sq.ft.

$184,900

Airbnb cash on cash: 2.45%

Traditional cash on cash: 8.56%

Airbnb Rental Income: $1201

Traditional Rental Income: $1886

Airbnb ROI: 2.45%

Traditional ROI: 8.56%

2909 E Mulberry Street

Evansville, IN

3 beds | 3 baths | 2,167 sq.ft.

$199,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 10.28%

Airbnb Rental Income: $1201

Traditional Rental Income: $2417

Airbnb ROI: 1.78%

Traditional ROI: 10.28%

1809 Saint James Boulevard

Evansville, IN

3 beds | 2 baths | 1,216 sq.ft.

$105,000

Airbnb cash on cash: 5.21%

Traditional cash on cash: 11.66%

Airbnb Rental Income: $1201

Traditional Rental Income: $1469

Airbnb ROI: 5.21%

Traditional ROI: 11.66%

6117 Ashbrooke Road

Evansville, IN

3 beds | 2 baths | 1,313 sq.ft.

$199,900

Airbnb cash on cash: 1.9%

Traditional cash on cash: 6.08%

Airbnb Rental Income: $1201

Traditional Rental Income: $1605

Airbnb ROI: 1.9%

Traditional ROI: 6.08%

3701 Laurel Avenue

Evansville, IN

2 beds | 2 baths | 1,850 sq.ft.

$179,900

Airbnb cash on cash: 0.78%

Traditional cash on cash: 6.06%

Airbnb Rental Income: $781

Traditional Rental Income: $1367

Airbnb ROI: 0.78%