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: -0.8% Traditional cash on cash: 3.67% Airbnb Rental Income: $785 Traditional Rental Income: $1891 Airbnb ROI: -0.8% Traditional ROI: 3.67%
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: -0.51% Traditional cash on cash: 4.55% Airbnb Rental Income: $785 Traditional Rental Income: $1610 Airbnb ROI: -0.51% 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: 0.01% Traditional cash on cash: 3.98% Airbnb Rental Income: $1103 Traditional Rental Income: $2070 Airbnb ROI: 0.01% 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: 1.31% Traditional cash on cash: 5.59% Airbnb Rental Income: $2097 Traditional Rental Income: $3478 Airbnb ROI: 1.31% 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.	$599,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.8% Airbnb Rental Income: $1555 Traditional Rental Income: $3263 Airbnb ROI: -0.05% Traditional ROI: 3.8%
4100 Claremont Avenue Evansville, IN Welcome to 4100 Claremont Ave â a fantastic investment opportunity on Evansvilleâs wes...	5 beds \| 2 baths \| 2,011 sq.ft.	$234,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 4.22% Airbnb Rental Income: $1555 Traditional Rental Income: $1478 Airbnb ROI: 2.55% 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: 1.07% Traditional cash on cash: 5.1% Airbnb Rental Income: $1555 Traditional Rental Income: $2522 Airbnb ROI: 1.07% 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: -2.94% Traditional cash on cash: 2.53% Airbnb Rental Income: $1103 Traditional Rental Income: $3036 Airbnb ROI: -2.94% 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: 0.14% Traditional cash on cash: 4.53% Airbnb Rental Income: $1103 Traditional Rental Income: $2152 Airbnb ROI: 0.14% Traditional ROI: 4.53%
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.	$474,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.79% Airbnb Rental Income: $1555 Traditional Rental Income: $2220 Airbnb ROI: 0.29% Traditional ROI: 2.79%
714 W Berkeley Avenue Evansville, IN Welcome to 714 W. Berkeley Ave. This home consists of 3 bedrooms 1 full bathroom, living ...	3 beds \| 1 baths \| 925 sq.ft.	$179,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 4.19% Airbnb Rental Income: $1103 Traditional Rental Income: $1227 Airbnb ROI: 1.29% 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: 1.3% Traditional cash on cash: 6.94% Airbnb Rental Income: $785 Traditional Rental Income: $1272 Airbnb ROI: 1.3% Traditional ROI: 6.94%
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: 4.75% Traditional cash on cash: 11.13% Airbnb Rental Income: $2097 Traditional Rental Income: $2916 Airbnb ROI: 4.75% Traditional ROI: 11.13%
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.	$379,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.58% Airbnb Rental Income: $1555 Traditional Rental Income: $2405 Airbnb ROI: 0.94% Traditional ROI: 4.58%
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: 0.53% Traditional cash on cash: 6.08% Airbnb Rental Income: $1103 Traditional Rental Income: $2291 Airbnb ROI: 0.53% 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: 0.87% Traditional cash on cash: 4.53% Airbnb Rental Income: $1103 Traditional Rental Income: $1644 Airbnb ROI: 0.87% Traditional ROI: 4.53%
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: 0.18% Traditional cash on cash: 3.09% Airbnb Rental Income: $1555 Traditional Rental Income: $2552 Airbnb ROI: 0.18% 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: 1.56% Traditional cash on cash: 5.13% Airbnb Rental Income: $1103 Traditional Rental Income: $1461 Airbnb ROI: 1.56% Traditional ROI: 5.13%
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: 0.89% Traditional cash on cash: 5.7% Airbnb Rental Income: $785 Traditional Rental Income: $1177 Airbnb ROI: 0.89% 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.	$184,888	Airbnb cash on cash: 0.29% Traditional cash on cash: 4.97% Airbnb Rental Income: $785 Traditional Rental Income: $1289 Airbnb ROI: 0.29% Traditional ROI: 4.97%
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: 4.31% Traditional cash on cash: 11.76% Airbnb Rental Income: $2097 Traditional Rental Income: $3315 Airbnb ROI: 4.31% 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: 1.32% Traditional cash on cash: 7.57% Airbnb Rental Income: $785 Traditional Rental Income: $1298 Airbnb ROI: 1.32% 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: 1.41% Traditional cash on cash: 4.98% Airbnb Rental Income: $1103 Traditional Rental Income: $1441 Airbnb ROI: 1.41% Traditional ROI: 4.98%
627 S Englewood Avenue Evansville, IN Next Home, Next Adventure! Step into timeless detail and uber functionality â where ever...	2 beds \| 1 baths \| 1,008 sq.ft.	$160,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.23% Airbnb Rental Income: $785 Traditional Rental Income: $1148 Airbnb ROI: 0.76% 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: 1.39% Traditional cash on cash: 5.29% Airbnb Rental Income: $1103 Traditional Rental Income: $1541 Airbnb ROI: 1.39% Traditional ROI: 5.29%
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.	$566,650	Airbnb cash on cash: 0.34% Traditional cash on cash: 4.15% Airbnb Rental Income: $1555 Traditional Rental Income: $3123 Airbnb ROI: 0.34% Traditional ROI: 4.15%
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.	$599,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.98% Airbnb Rental Income: $1555 Traditional Rental Income: $2481 Airbnb ROI: -0.47% Traditional ROI: 1.98%
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: 1.33% Traditional cash on cash: 5.36% Airbnb Rental Income: $1103 Traditional Rental Income: $1608 Airbnb ROI: 1.33% Traditional ROI: 5.36%
12410 Canyon Rock Drive Evansville, IN Beautiful 3 bedroom, 2 bath home situated on a large corner lot with fenced backyard and a...	3 beds \| 2 baths \| 1,722 sq.ft.	$294,700	Airbnb cash on cash: 0.32% Traditional cash on cash: 4.57% Airbnb Rental Income: $1103 Traditional Rental Income: $1909 Airbnb ROI: 0.32% Traditional ROI: 4.57%
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.	$269,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.44% Airbnb Rental Income: $1103 Traditional Rental Income: $1852 Airbnb ROI: 1.04% Traditional ROI: 5.44%
9020 Pierce Drive Evansville, IN Step inside this spacious 4-bedroom, 2.5-bath north side brick ranch featuring real hardwo...	4 beds \| 3 baths \| 2,439 sq.ft.	$385,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.41% Airbnb Rental Income: $1555 Traditional Rental Income: $2349 Airbnb ROI: 0.97% Traditional ROI: 4.41%
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: 0.35% Traditional cash on cash: 4.57% Airbnb Rental Income: $785 Traditional Rental Income: $1266 Airbnb ROI: 0.35% Traditional ROI: 4.57%
2804 Forest Avenue Evansville, IN West side charmer! This brick home on Evansville's Forest Avenue has so much space and a ...	3 beds \| 2 baths \| 2,958 sq.ft.	$235,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 7.68% Airbnb Rental Income: $1103 Traditional Rental Income: $2213 Airbnb ROI: 1.01% Traditional ROI: 7.68%
7620 Lyman Court Evansville, IN Donât miss your chance to own this beautiful 3-bedroom, 2-bathroom, open-concept, energy...	3 beds \| 2 baths \| 1,803 sq.ft.	$354,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.03% Airbnb Rental Income: $1103 Traditional Rental Income: $2072 Airbnb ROI: 0.01% Traditional ROI: 4.03%
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: 2.67% Traditional cash on cash: 6.63% Airbnb Rental Income: $1103 Traditional Rental Income: $1328 Airbnb ROI: 2.67% Traditional ROI: 6.63%
43 N Kelsey Avenue Evansville, IN Welcome home to this 2 bedroom 1 bath home, with an open floor plan and classic charm. The...	2 beds \| 1 baths \| 1,300 sq.ft.	$184,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 5.7% Airbnb Rental Income: $785 Traditional Rental Income: $1397 Airbnb ROI: 0.4% Traditional ROI: 5.7%
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.	$149,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 11.35% Airbnb Rental Income: $785 Traditional Rental Income: $1921 Airbnb ROI: 1.2% Traditional ROI: 11.35%
410 Richardt Avenue Evansville, IN Charming Craftsman-style home filled with character and thoughtful updates throughout! Thi...	2 beds \| 1 baths \| 1,009 sq.ft.	$155,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 6.09% Airbnb Rental Income: $785 Traditional Rental Income: $1255 Airbnb ROI: 0.76% Traditional ROI: 6.09%
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: -2.17% Traditional cash on cash: 3.1% Airbnb Rental Income: $1103 Traditional Rental Income: $2903 Airbnb ROI: -2.17% Traditional ROI: 3.1%
1302 SE First Street Evansville, IN Own a landmark piece of Evansville history with this 1876 Victorian estate. Charles Hartme...	3 beds \| 2 baths \| 3,466 sq.ft.	$225,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.06% Airbnb Rental Income: $1103 Traditional Rental Income: $1714 Airbnb ROI: 1.44% Traditional ROI: 6.06%

Real Estate investment in Evansville, IN

There are 347 properties for sale in the city of Evansville . The median list price in Evansville is $165,914 and the average price per square foot is $84. In June 2026, the average monthly cash on cash return in Evansville is 6.00%. The average monthly rental income in Evansville is $1,777.

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

There are 347 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 $1,777.

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: -0.8%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $785

Traditional Rental Income: $1891

Airbnb ROI: -0.8%

Traditional ROI: 3.67%

215 Shane Court

Evansville, IN

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

$239,500

Airbnb cash on cash: -0.51%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $785

Traditional Rental Income: $1610

Airbnb ROI: -0.51%

Traditional ROI: 4.55%

1617 Peach Court

Evansville, IN

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

$360,000

Airbnb cash on cash: 0.01%

Traditional cash on cash: 3.98%

Airbnb Rental Income: $1103

Traditional Rental Income: $2070

Airbnb ROI: 0.01%

Traditional ROI: 3.98%

15333 Reading Drive

Evansville, IN

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

$479,000

Airbnb cash on cash: 1.31%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2097

Traditional Rental Income: $3478

Airbnb ROI: 1.31%

Traditional ROI: 5.59%

8831 Jenkins Drive

Evansville, IN

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

$599,900

Airbnb cash on cash: -0.05%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $1555

Traditional Rental Income: $3263

Airbnb ROI: -0.05%

Traditional ROI: 3.8%

4100 Claremont Avenue

Evansville, IN

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

$234,900

Airbnb cash on cash: 2.55%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $1555

Traditional Rental Income: $1478

Airbnb ROI: 2.55%

Traditional ROI: 4.22%

1518 Breezy Creek Drive

Evansville, IN

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

$375,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1555

Traditional Rental Income: $2522

Airbnb ROI: 1.07%

Traditional ROI: 5.1%

300 Main Street #2C

Evansville, IN

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

$450,000

Airbnb cash on cash: -2.94%

Traditional cash on cash: 2.53%

Airbnb Rental Income: $1103

Traditional Rental Income: $3036

Airbnb ROI: -2.94%