Real Estate Investment Properties for Sale in Hammond, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5819 Erie Avenue Hammond, IN Great opportunity for investors! Ideal for a fix and flip, rental property to generate cas...	2 beds \| 1 baths \| 1,680 sq.ft.	$82,000	Airbnb cash on cash: 9.46% Traditional cash on cash: 10.77% Airbnb Rental Income: $1594 Traditional Rental Income: $1245 Airbnb ROI: 9.46% Traditional ROI: 10.77%
6639 New Hampshire Avenue Hammond, IN Welcome to this stunning, completely remodeled 4-bedroom, 2-bathroom home offering 1,354 s...	4 beds \| 2 baths \| 1,354 sq.ft.	$239,900	Airbnb cash on cash: 4.92% Traditional cash on cash: 5.51% Airbnb Rental Income: $2169 Traditional Rental Income: $1752 Airbnb ROI: 4.92% Traditional ROI: 5.51%
6220 Garfield Avenue Hammond, IN Rare opportunity to own a true FIVE-bedroom, THREE-bath single-family home in Hammond with...	5 beds \| 3 baths \| 2,074 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.93% Airbnb Rental Income: $null Traditional Rental Income: $2637 Airbnb ROI: N/A Traditional ROI: 9.93%
4911 Pine Avenue Hammond, IN Welcome to this beautifully updated 2-story home featuring 4 bedrooms and 2 full baths. St...	4 beds \| 2 baths \| 1,332 sq.ft.	$228,900	Airbnb cash on cash: 5.1% Traditional cash on cash: 6.17% Airbnb Rental Income: $2169 Traditional Rental Income: $1849 Airbnb ROI: 5.1% Traditional ROI: 6.17%
3143 Parkway N Street Hammond, IN CHARMING CAPE COD ON PARKWAY NORTH! This well-maintained 3-bedroom, 1.5-bath home offers i...	3 beds \| 2 baths \| 2,122 sq.ft.	$209,900	Airbnb cash on cash: 2.65% Traditional cash on cash: 8.49% Airbnb Rental Income: $1376 Traditional Rental Income: $2120 Airbnb ROI: 2.65% Traditional ROI: 8.49%
7335 Tapper Avenue Hammond, IN Charming 2-Story Brick Home with Classic Character! Welcome home to this beautifully maint...	2 beds \| 1 baths \| 1,000 sq.ft.	$179,500	Airbnb cash on cash: 4.3% Traditional cash on cash: 4.95% Airbnb Rental Income: $1594 Traditional Rental Income: $1251 Airbnb ROI: 4.3% Traditional ROI: 4.95%
7728 Beech Avenue Hammond, IN Updated & Remodeled Home in Hammond's Desirable Beverly Section! Located just off River Dr...	3 beds \| 1 baths \| 800 sq.ft.	$180,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.66% Airbnb Rental Income: $1376 Traditional Rental Income: $1188 Airbnb ROI: 2.31% Traditional ROI: 3.66%
5259 State Line Avenue Hammond, IN ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy ...	3 beds \| 1 baths \| 1,260 sq.ft.	$130,000	Airbnb cash on cash: 4.41% Traditional cash on cash: 9.52% Airbnb Rental Income: $1376 Traditional Rental Income: $1596 Airbnb ROI: 4.41% Traditional ROI: 9.52%
1038 Ridge Street Hammond, IN Take a look at this beautiful 3 bedroom 2 bathroom Ranch home with a full finished basemen...	3 beds \| 2 baths \| 1,078 sq.ft.	$225,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 5.15% Airbnb Rental Income: $1376 Traditional Rental Income: $1603 Airbnb ROI: 2.12% Traditional ROI: 5.15%
6523 Jackson Avenue Hammond, IN WELCOME to this HUGE 2 STORY HOUSE that boasts 4 BEDROOMS, 3 BATHROOMS which was previousl...	4 beds \| 3 baths \| 3,066 sq.ft.	$249,999	Airbnb cash on cash: 4.18% Traditional cash on cash: 10.02% Airbnb Rental Income: $2169 Traditional Rental Income: $2997 Airbnb ROI: 4.18% Traditional ROI: 10.02%
6844 Ridgeland Avenue Hammond, IN MOTIVATED SELLER. This home is packed with potential and ready for your vision. Inside you...	3 beds \| 1 baths \| 1,286 sq.ft.	$180,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 5.32% Airbnb Rental Income: $1376 Traditional Rental Income: $1509 Airbnb ROI: 2.1% Traditional ROI: 5.32%
904 Field Street Hammond, IN GORGEOUS, MOVE-IN READY 4-BEDROOM BUNGALOW! Completely updated home blending original char...	4 beds \| 1 baths \| 1,250 sq.ft.	$219,900	Airbnb cash on cash: 4.51% Traditional cash on cash: 4.07% Airbnb Rental Income: $2169 Traditional Rental Income: $1527 Airbnb ROI: 4.51% Traditional ROI: 4.07%
3134 Cleveland Street Hammond, IN Charming Remodeled Cape Cod in the heart of Hessville, near parks, and minutes from the ex...	3 beds \| 1 baths \| 2,152 sq.ft.	$199,999	Airbnb cash on cash: 1.46% Traditional cash on cash: 6.28% Airbnb Rental Income: $1376 Traditional Rental Income: $1872 Airbnb ROI: 1.46% Traditional ROI: 6.28%
4212 Johnson Avenue Hammond, IN Presenting a stunning new construction ranch home, perfectly positioned on a corner lot! T...	3 beds \| 2 baths \| 1,295 sq.ft.	$269,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 6.51% Airbnb Rental Income: $1376 Traditional Rental Income: $2092 Airbnb ROI: 2.05% Traditional ROI: 6.51%
6832 Waveland Avenue Hammond, IN Charming 3-Bedroom Brick Home in a Prime Hammond Location Welcome to this spacious 3-bedro...	3 beds \| 2 baths \| 2,114 sq.ft.	$243,999	Airbnb cash on cash: 1.98% Traditional cash on cash: 7.76% Airbnb Rental Income: $1376 Traditional Rental Income: $2290 Airbnb ROI: 1.98% Traditional ROI: 7.76%
737 Cherry Street Hammond, IN Bright and inviting two story home. The main floor welcomes you with a sun filled living r...	3 beds \| 1 baths \| 1,312 sq.ft.	$150,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 7.77% Airbnb Rental Income: $1376 Traditional Rental Income: $1506 Airbnb ROI: 3.95% Traditional ROI: 7.77%
7230 Mclaughlin Avenue Hammond, IN Entering in this beautifully updated 3 bedroom Cape Cod, you will experience where classic...	3 beds \| 1 baths \| 2,276 sq.ft.	$224,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 5.53% Airbnb Rental Income: $1376 Traditional Rental Income: $1633 Airbnb ROI: 2.36% Traditional ROI: 5.53%
7140 Mccook Avenue Hammond, IN Charming ALL BRICK Bungalow With BASEMENT Near PURDUE NORTHWEST UNIVERSITY! Welcome to thi...	3 beds \| 2 baths \| 2,482 sq.ft.	$232,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.32% Airbnb Rental Income: $1376 Traditional Rental Income: $2289 Airbnb ROI: 1.25% Traditional ROI: 7.32%
3448 164th Street Hammond, IN Move-in ready residence offers 3 bedrooms and 1 bathroom--ideal for first-time buyers, dow...	3 beds \| 1 baths \| 1,011 sq.ft.	$180,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 5.81% Airbnb Rental Income: $1376 Traditional Rental Income: $1379 Airbnb ROI: 3.35% Traditional ROI: 5.81%
4618 Towle Avenue Hammond, IN Looking for a multi-family rental property in a great area? Look no further! This property...	5 beds \| 2 baths \| N/A	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.8% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 7.8%
934 Field Street Hammond, IN Charming 2-Bedroom Bungalow in the Heart of Hammond!This delightful bungalow offers 2 spac...	2 beds \| 1 baths \| 963 sq.ft.	$149,900	Airbnb cash on cash: 4.72% Traditional cash on cash: 5.1% Airbnb Rental Income: $1594 Traditional Rental Income: $1194 Airbnb ROI: 4.72% Traditional ROI: 5.1%
6637 S Mccook Avenue Hammond, IN Welcome to 6637 McCook Ave in Hammond's Midway Gardens / Hessville neighborhood, a fully r...	3 beds \| 1 baths \| 1,020 sq.ft.	$216,900	Airbnb cash on cash: 2.59% Traditional cash on cash: 4.74% Airbnb Rental Income: $1376 Traditional Rental Income: $1399 Airbnb ROI: 2.59% Traditional ROI: 4.74%
7426 Howard Avenue Hammond, IN Ranch style home with 2 bedrooms, 1 bath, garage and fenced in back yard. Basement is unfi...	2 beds \| 1 baths \| 696 sq.ft.	$169,900	Airbnb cash on cash: 3.85% Traditional cash on cash: 3.76% Airbnb Rental Income: $1594 Traditional Rental Income: $1124 Airbnb ROI: 3.85% Traditional ROI: 3.76%
2621 Cleveland Street Hammond, IN Ranch style home updated with 2 bedrooms, 1 bath, enclosed porch area, garage, Side Drive ...	2 beds \| 1 baths \| 864 sq.ft.	$164,900	Airbnb cash on cash: 4.23% Traditional cash on cash: 4.7% Airbnb Rental Income: $1594 Traditional Rental Income: $1213 Airbnb ROI: 4.23% Traditional ROI: 4.7%
2618 163rd Place Hammond, IN Ranch style, Updated, 2 bedroom, 1 bath home in the Hessville part of Hammond. Home sits o...	2 beds \| 1 baths \| 793 sq.ft.	$164,900	Airbnb cash on cash: 4.31% Traditional cash on cash: 4.63% Airbnb Rental Income: $1594 Traditional Rental Income: $1189 Airbnb ROI: 4.31% Traditional ROI: 4.63%
7319 Oakdale Avenue Hammond, IN MOTIVATED SELLER. Welcome to this Beautifully updated 3 bedroom 1 bathroom house, a charmi...	3 beds \| 1 baths \| 1,220 sq.ft.	$199,900	Airbnb cash on cash: 1.93% Traditional cash on cash: 4.58% Airbnb Rental Income: $1376 Traditional Rental Income: $1460 Airbnb ROI: 1.93% Traditional ROI: 4.58%
6621 Monroe Avenue Hammond, IN Welcome to this fully updated 4-bedroom, 2-bath home located in the heart of Hammond, Indi...	4 beds \| 2 baths \| 1,589 sq.ft.	$228,500	Airbnb cash on cash: 5.29% Traditional cash on cash: 7.62% Airbnb Rental Income: $2169 Traditional Rental Income: $2122 Airbnb ROI: 5.29% Traditional ROI: 7.62%
6723 Baring Avenue Hammond, IN Rare Woodmar neighborhood Cape Cod WITHIN WALKING DISTANCE TO THE NEW YMCA and Sportsplex!...	3 beds \| 1 baths \| 1,450 sq.ft.	$185,900	Airbnb cash on cash: 2.22% Traditional cash on cash: 4.86% Airbnb Rental Income: $1376 Traditional Rental Income: $1423 Airbnb ROI: 2.22% Traditional ROI: 4.86%
7125 Lindberg Avenue Hammond, IN Charming 3-bedroom, 2-bath ranch--move-in ready with recent updates and thoughtful finishe...	3 beds \| 2 baths \| 1,400 sq.ft.	$254,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 5.66% Airbnb Rental Income: $1376 Traditional Rental Income: $1900 Airbnb ROI: 1.75% Traditional ROI: 5.66%
7407 Jarnecke Avenue Hammond, IN REDUCED PRICE! South Hammond cape cod features convenient main level bedroom and full bath...	3 beds \| 2 baths \| 2,148 sq.ft.	$167,500	Airbnb cash on cash: 2.57% Traditional cash on cash: 10.04% Airbnb Rental Income: $1376 Traditional Rental Income: $2151 Airbnb ROI: 2.57% Traditional ROI: 10.04%
1120 Mulberry Street Hammond, IN Check out this 2 bed 1 bath home in great location in Hammond. IF you are looking for an i...	2 beds \| 1 baths \| 1,086 sq.ft.	$157,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 5.67% Airbnb Rental Income: $1594 Traditional Rental Income: $1319 Airbnb ROI: 4.47% Traditional ROI: 5.67%
4018 Henry Avenue Hammond, IN Welcome home to this completely renovated North Central Hammond beauty! Every detail has b...	3 beds \| 1 baths \| 1,026 sq.ft.	$199,900	Airbnb cash on cash: 2.87% Traditional cash on cash: 5.61% Airbnb Rental Income: $1376 Traditional Rental Income: $1478 Airbnb ROI: 2.87% Traditional ROI: 5.61%
6628 Alexander Avenue Hammond, IN Discover the perfect opportunity to create your dream home in this 3-bedroom residence off...	3 beds \| 2 baths \| 1,536 sq.ft.	$169,900	Airbnb cash on cash: 3.57% Traditional cash on cash: 9.53% Airbnb Rental Income: $1376 Traditional Rental Income: $1923 Airbnb ROI: 3.57% Traditional ROI: 9.53%
1615 175th Street Hammond, IN Quaint & Cozy Ranch in Prime Location! This charming 2-bedroom, 1-bath ranch offers the pe...	2 beds \| 1 baths \| 744 sq.ft.	$179,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 4.72% Airbnb Rental Income: $1594 Traditional Rental Income: $1182 Airbnb ROI: 4.47% Traditional ROI: 4.72%
3521 164th Street Hammond, IN Looking for a renovated ranch in the heart of Hessville? Look no further! This home is nes...	3 beds \| 1 baths \| 1,069 sq.ft.	$194,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 4.45% Airbnb Rental Income: $1376 Traditional Rental Income: $1407 Airbnb ROI: 2.03% Traditional ROI: 4.45%
3944 Henry Avenue Hammond, IN Looking for your new home just in time for the holidays? Check out the curb appeal as you ...	3 beds \| 1 baths \| 1,458 sq.ft.	$199,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 6.42% Airbnb Rental Income: $1376 Traditional Rental Income: $1605 Airbnb ROI: 3.01% Traditional ROI: 6.42%
6720 Grand Avenue Hammond, IN Really nice Raised Ranch with a full basement, just waiting on your updates to make it you...	3 beds \| 2 baths \| 1,260 sq.ft.	$170,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 8.02% Airbnb Rental Income: $1376 Traditional Rental Income: $1720 Airbnb ROI: 3.32% Traditional ROI: 8.02%
6245 Moraine Avenue Hammond, IN Charming All-Brick Split-Level in Highly Desirable Kenwood Neighborhood! Welcome home to t...	3 beds \| 3 baths \| 3,327 sq.ft.	$299,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 6.92% Airbnb Rental Income: $1376 Traditional Rental Income: $2545 Airbnb ROI: 1.3% Traditional ROI: 6.92%
2911 163rd Place Hammond, IN Step into this beautifully cared-for Cape Cod home that blends classic character with mode...	3 beds \| 1 baths \| 1,242 sq.ft.	$180,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 6.49% Airbnb Rental Income: $1376 Traditional Rental Income: $1515 Airbnb ROI: 3.24% Traditional ROI: 6.49%

Real Estate investment in Hammond, IN

There are 68 properties for sale in the city of Hammond . The median list price in Hammond is $199,900 and the average price per square foot is $134. In January 2026, the average monthly cash on cash return in Hammond is 6.00%. The average monthly rental income in Hammond is $1,603.

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

There are 68 investment properties available for sale in Hammond.

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

The ROI for Long-Term is higher than the Short-Term in Hammond with average rental income of $1,603.

Your search for investment property begins and ends here

Investment Property for Sale in Hammond, IN

5819 Erie Avenue

Hammond, IN

2 beds | 1 baths | 1,680 sq.ft.

$82,000

Airbnb cash on cash: 9.46%

Traditional cash on cash: 10.77%

Airbnb Rental Income: $1594

Traditional Rental Income: $1245

Airbnb ROI: 9.46%

Traditional ROI: 10.77%

6639 New Hampshire Avenue

Hammond, IN

4 beds | 2 baths | 1,354 sq.ft.

$239,900

Airbnb cash on cash: 4.92%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $2169

Traditional Rental Income: $1752

Airbnb ROI: 4.92%

Traditional ROI: 5.51%

6220 Garfield Avenue

Hammond, IN

5 beds | 3 baths | 2,074 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2637

Airbnb ROI: N/A

Traditional ROI: 9.93%

4911 Pine Avenue

Hammond, IN

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

$228,900

Airbnb cash on cash: 5.1%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $2169

Traditional Rental Income: $1849

Airbnb ROI: 5.1%

Traditional ROI: 6.17%

3143 Parkway N Street

Hammond, IN

3 beds | 2 baths | 2,122 sq.ft.

$209,900

Airbnb cash on cash: 2.65%

Traditional cash on cash: 8.49%

Airbnb Rental Income: $1376

Traditional Rental Income: $2120

Airbnb ROI: 2.65%

Traditional ROI: 8.49%

7335 Tapper Avenue

Hammond, IN

2 beds | 1 baths | 1,000 sq.ft.

$179,500

Airbnb cash on cash: 4.3%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1594

Traditional Rental Income: $1251

Airbnb ROI: 4.3%

Traditional ROI: 4.95%

7728 Beech Avenue

Hammond, IN

3 beds | 1 baths | 800 sq.ft.

$180,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $1376

Traditional Rental Income: $1188

Airbnb ROI: 2.31%

Traditional ROI: 3.66%

5259 State Line Avenue

Hammond, IN

3 beds | 1 baths | 1,260 sq.ft.

$130,000

Airbnb cash on cash: 4.41%

Traditional cash on cash: 9.52%

Airbnb Rental Income: $1376

Traditional Rental Income: $1596

Airbnb ROI: 4.41%