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: -1.59% Traditional cash on cash: 3.67% Airbnb Rental Income: $483 Traditional Rental Income: $1891 Airbnb ROI: -1.59% Traditional ROI: 3.67%
5710 Washington Avenue Evansville, IN Charming 1940 stone home situated on a spacious .51-acre corner lot on Evansvilleâs desi...	2 beds \| 1 baths \| 2,114 sq.ft.	$219,500	Airbnb cash on cash: -1% Traditional cash on cash: 4.35% Airbnb Rental Income: $483 Traditional Rental Income: $1326 Airbnb ROI: -1% Traditional ROI: 4.35%
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.	$488,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.46% Airbnb Rental Income: $1827 Traditional Rental Income: $3478 Airbnb ROI: 0.77% Traditional ROI: 5.46%
718 Concord Boulevard Evansville, IN Move-in ready 3-bedroom, 1-bath home in a desirable location on a beautiful divided boulev...	3 beds \| 1 baths \| 1,013 sq.ft.	$171,500	Airbnb cash on cash: 0.46% Traditional cash on cash: 5.82% Airbnb Rental Income: $784 Traditional Rental Income: $1340 Airbnb ROI: 0.46% Traditional ROI: 5.82%
2051 Mahrendale Avenue Evansville, IN A lovely east side home, fresh on the market! This brick home has had many updates! The co...	2 beds \| 3 baths \| 2,066 sq.ft.	$175,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 11.03% Airbnb Rental Income: $483 Traditional Rental Income: $2194 Airbnb ROI: -0.85% Traditional ROI: 11.03%
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.	$395,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 4.79% Airbnb Rental Income: $1228 Traditional Rental Income: $2522 Airbnb ROI: 0.24% Traditional ROI: 4.79%
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: -3.39% Traditional cash on cash: 2.29% Airbnb Rental Income: $784 Traditional Rental Income: $3036 Airbnb ROI: -3.39% Traditional ROI: 2.29%
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: -0.46% Traditional cash on cash: 6.94% Airbnb Rental Income: $483 Traditional Rental Income: $1272 Airbnb ROI: -0.46% Traditional ROI: 6.94%
5617 Forest Avenue Evansville, IN Nestled in the trees and overlooking a lake in Arbor Valley Condos, this beautiful 2-bedro...	2 beds \| 2 baths \| 1,349 sq.ft.	$249,500	Airbnb cash on cash: -2.9% Traditional cash on cash: 3.21% Airbnb Rental Income: $483 Traditional Rental Income: $1654 Airbnb ROI: -2.9% Traditional ROI: 3.21%
2141 Sweetser Avenue Evansville, IN This beautiful brick home offers new kitchen remodeled in 2020, quartz countertops, and ne...	2 beds \| 1 baths \| 990 sq.ft.	$150,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 5.66% Airbnb Rental Income: $483 Traditional Rental Income: $1090 Airbnb ROI: -0.45% Traditional ROI: 5.66%
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.	$244,900	Airbnb cash on cash: 3.32% Traditional cash on cash: 10.16% Airbnb Rental Income: $1827 Traditional Rental Income: $2916 Airbnb ROI: 3.32% Traditional ROI: 10.16%
1140 Covert Avenue Evansville, IN Welcome to 1140 Covert Ave - an inviting home with great curb appeal and a layout that fee...	2 beds \| 1 baths \| 1,705 sq.ft.	$134,500	Airbnb cash on cash: -1.53% Traditional cash on cash: 5.81% Airbnb Rental Income: $483 Traditional Rental Income: $1162 Airbnb ROI: -1.53% Traditional ROI: 5.81%
6700 Lincoln Avenue Evansville, IN Welcome to this charming, well-kept gem featuring a clean, classic exterior and inviting c...	2 beds \| 1 baths \| 1,382 sq.ft.	$210,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.13% Airbnb Rental Income: $483 Traditional Rental Income: $1263 Airbnb ROI: -1.14% Traditional ROI: 4.13%
3606 Wayland Drive Evansville, IN Enjoy easy living in this well-maintained 3 bedroom, 2 bathroom ranch home ideally situate...	3 beds \| 2 baths \| 1,514 sq.ft.	$275,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 4.48% Airbnb Rental Income: $784 Traditional Rental Income: $1753 Airbnb ROI: -0.49% Traditional ROI: 4.48%
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.	$349,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 5.06% Airbnb Rental Income: $784 Traditional Rental Income: $2291 Airbnb ROI: -0.49% Traditional ROI: 5.06%
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.	$189,888	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.82% Airbnb Rental Income: $483 Traditional Rental Income: $1289 Airbnb ROI: -1.14% Traditional ROI: 4.82%
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: 0.35% Traditional cash on cash: 7.27% Airbnb Rental Income: $784 Traditional Rental Income: $1713 Airbnb ROI: 0.35% Traditional ROI: 7.27%
2217 E Mulberry Street Evansville, IN This bangin' bungalow has been through a lot, but it's been revitalized in recent years an...	3 beds \| 2 baths \| 2,600 sq.ft.	$289,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 5.14% Airbnb Rental Income: $784 Traditional Rental Income: $2195 Airbnb ROI: -1.21% Traditional ROI: 5.14%
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.	$249,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 11.76% Airbnb Rental Income: $1827 Traditional Rental Income: $3315 Airbnb ROI: 3.36% 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.	$141,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 7.4% Airbnb Rental Income: $483 Traditional Rental Income: $1298 Airbnb ROI: -0.57% Traditional ROI: 7.4%
1200 N Third Avenue Evansville, IN Wonderful size 2 bedroom home with just over 1300 square feet. Very large living and dinni...	2 beds \| 1 baths \| 1,331 sq.ft.	$99,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 11.49% Airbnb Rental Income: $483 Traditional Rental Income: $1403 Airbnb ROI: -0.86% Traditional ROI: 11.49%
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.	$313,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 5.95% Airbnb Rental Income: $784 Traditional Rental Income: $2441 Airbnb ROI: -0.75% Traditional ROI: 5.95%
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.	$255,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 4.32% Airbnb Rental Income: $784 Traditional Rental Income: $1594 Airbnb ROI: -0.37% Traditional ROI: 4.32%
2805 W Maryland Street Evansville, IN West Side Bungalow with Backyard Oasis! Welcome home to this charming 3-bedroom, 1-bath bu...	3 beds \| 1 baths \| 1,260 sq.ft.	$149,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 8.07% Airbnb Rental Income: $784 Traditional Rental Income: $1450 Airbnb ROI: 1.2% Traditional ROI: 8.07%
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.	$619,900	Airbnb cash on cash: -0.93% Traditional cash on cash: 1.92% Airbnb Rental Income: $1228 Traditional Rental Income: $2481 Airbnb ROI: -0.93% Traditional ROI: 1.92%
713 Thornberry Drive Evansville, IN Fully inspected for peace of mind! Well-kept 3-bedroom, 1-bath home offering recent interi...	3 beds \| 1 baths \| 925 sq.ft.	$159,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 6% Airbnb Rental Income: $784 Traditional Rental Income: $1295 Airbnb ROI: 0.56% Traditional ROI: 6%
6510 Lincoln Avenue Evansville, IN Well-located move-in ready single-family home on Evansvilleâs desirable East Side, just ...	3 beds \| 2 baths \| 1,324 sq.ft.	$230,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 5.36% Airbnb Rental Income: $784 Traditional Rental Income: $1608 Airbnb ROI: 0.1% Traditional ROI: 5.36%
1414 Marshall Avenue Evansville, IN This solid brick bungalow delivers the kind of character and structural stability that new...	3 beds \| 1 baths \| 1,364 sq.ft.	$120,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 9.86% Airbnb Rental Income: $784 Traditional Rental Income: $1489 Airbnb ROI: 1.01% Traditional ROI: 9.86%
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.	$243,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.69% Airbnb Rental Income: $784 Traditional Rental Income: $2014 Airbnb ROI: -0.03% Traditional ROI: 6.69%
5206 Bridgeview Drive Evansville, IN Welcome home to this beautifully maintained 3-bedroom, 2-bath property that offers both co...	3 beds \| 2 baths \| 2,032 sq.ft.	$284,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 5.13% Airbnb Rental Income: $784 Traditional Rental Income: $1852 Airbnb ROI: -0.06% Traditional ROI: 5.13%
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: -0.98% Traditional cash on cash: 4.57% Airbnb Rental Income: $483 Traditional Rental Income: $1266 Airbnb ROI: -0.98% Traditional ROI: 4.57%
1131 Loft Cove Evansville, IN Charming loft for low-maintenance living or great investment property! Offering 1,002 sq f...	1 beds \| 1 baths \| 660 sq.ft.	$126,000	Airbnb cash on cash: -3.12% Traditional cash on cash: 8.37% Airbnb Rental Income: $354 Traditional Rental Income: $1500 Airbnb ROI: -3.12% Traditional ROI: 8.37%
1620 E Blackford Avenue Evansville, IN Welcome to this charming 3-bedroom home full of character and opportunity, located on a qu...	3 beds \| 1 baths \| 909 sq.ft.	$158,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.63% Airbnb Rental Income: $784 Traditional Rental Income: $1328 Airbnb ROI: 0.91% Traditional ROI: 6.63%
2209 Longway Court Evansville, IN Modern Living on Longway Court! Looking for that "new house" feel without the headache of ...	3 beds \| 2 baths \| 1,659 sq.ft.	$299,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.68% Airbnb Rental Income: $784 Traditional Rental Income: $1949 Airbnb ROI: -0.6% Traditional ROI: 4.68%
2610 Purdom Court Evansville, IN Well maintained Condo at Hickory Trace, all one level Sunroom floorplan with 1509sqft, 2 B...	2 beds \| 2 baths \| 1,509 sq.ft.	$257,000	Airbnb cash on cash: -2.21% Traditional cash on cash: 6% Airbnb Rental Income: $483 Traditional Rental Income: $2204 Airbnb ROI: -2.21% Traditional ROI: 6%
205 W Oregon Street #207 Evansville, IN Fully occupied two-story duplex offering a great investment opportunity. Unit 205 rents fo...	6 beds \| 2 baths \| 1,650 sq.ft.	$154,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 10.96% Airbnb Rental Income: $483 Traditional Rental Income: $1921 Airbnb ROI: -0.57% Traditional ROI: 10.96%
4900 Daylight Drive Evansville, IN Welcome to this well-maintained 2-bedroom, 2 full bath home nestled on a spacious half-acr...	2 beds \| 2 baths \| 1,050 sq.ft.	$225,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 4.58% Airbnb Rental Income: $483 Traditional Rental Income: $1373 Airbnb ROI: -0.86% Traditional ROI: 4.58%
801 Wiltshire Drive Evansville, IN This custom home is truly original, exceptional craftsmanship from the moment you arrive. ...	4 beds \| 5 baths \| 4,608 sq.ft.	$770,070	Airbnb cash on cash: -0.73% Traditional cash on cash: 7.28% Airbnb Rental Income: $1228 Traditional Rental Income: $6580 Airbnb ROI: -0.73% Traditional ROI: 7.28%
417 Bennighof Avenue Evansville, IN Move right in to this classic two story Colonial charmer with modern updates in a convenie...	4 beds \| 3 baths \| 1,782 sq.ft.	$279,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 6.97% Airbnb Rental Income: $1228 Traditional Rental Income: $2320 Airbnb ROI: 1.32% Traditional ROI: 6.97%
300 Main Street #4H Evansville, IN Experience refined urban living in this top-floor corner condo in the heart of downtown Ev...	3 beds \| 3 baths \| 2,349 sq.ft.	$440,000	Airbnb cash on cash: -2.82% Traditional cash on cash: 3.1% Airbnb Rental Income: $784 Traditional Rental Income: $2903 Airbnb ROI: -2.82% Traditional ROI: 3.1%

Real Estate investment in Evansville, IN

There are 371 properties for sale in the city of Evansville . The median list price in Evansville is $199,900 and the average price per square foot is $106. In May 2026, the average monthly cash on cash return in Evansville is 6.00%. The average monthly rental income in Evansville is $1,740.

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

There are 371 investment properties available for sale in Evansville.

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

The ROI for Short-Term is higher than the Long-Term in Evansville with average rental income of $784.

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: -1.59%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $483

Traditional Rental Income: $1891

Airbnb ROI: -1.59%

Traditional ROI: 3.67%

5710 Washington Avenue

Evansville, IN

2 beds | 1 baths | 2,114 sq.ft.

$219,500

Airbnb cash on cash: -1%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $483

Traditional Rental Income: $1326

Airbnb ROI: -1%

Traditional ROI: 4.35%

15333 Reading Drive

Evansville, IN

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

$488,900

Airbnb cash on cash: 0.77%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $1827

Traditional Rental Income: $3478

Airbnb ROI: 0.77%

Traditional ROI: 5.46%

718 Concord Boulevard

Evansville, IN

3 beds | 1 baths | 1,013 sq.ft.

$171,500

Airbnb cash on cash: 0.46%

Traditional cash on cash: 5.82%

Airbnb Rental Income: $784

Traditional Rental Income: $1340

Airbnb ROI: 0.46%

Traditional ROI: 5.82%

2051 Mahrendale Avenue

Evansville, IN

2 beds | 3 baths | 2,066 sq.ft.

$175,000

Airbnb cash on cash: -0.85%

Traditional cash on cash: 11.03%

Airbnb Rental Income: $483

Traditional Rental Income: $2194

Airbnb ROI: -0.85%

Traditional ROI: 11.03%

1518 Breezy Creek Drive

Evansville, IN

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

$395,000

Airbnb cash on cash: 0.24%

Traditional cash on cash: 4.79%

Airbnb Rental Income: $1228

Traditional Rental Income: $2522

Airbnb ROI: 0.24%

Traditional ROI: 4.79%

300 Main Street #2C

Evansville, IN

3 beds | 3 baths | 2,628 sq.ft.

$483,700

Airbnb cash on cash: -3.39%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $784

Traditional Rental Income: $3036

Airbnb ROI: -3.39%

Traditional ROI: 2.29%

100 E Olmstead Avenue

Evansville, IN

2 beds | 1 baths | 855 sq.ft.

$149,500

Airbnb cash on cash: -0.46%

Traditional cash on cash: 6.94%

Airbnb Rental Income: $483

Traditional Rental Income: $1272

Airbnb ROI: -0.46%