Real Estate Investment Properties for Sale in Indianapolis, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
824 E Minnesota Street Indianapolis, IN This home screams modern charm! Welcome to this updated 4 bedroom, 2 bath home in Bates-He...	4 beds \| 2 baths \| 2,122 sq.ft.	$370,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.01% Airbnb Rental Income: $1194 Traditional Rental Income: $2267 Airbnb ROI: 0.8% Traditional ROI: 5.01%
422 W 41st Street Indianapolis, IN This newly renovated single-family residence near Butler University presents a compelling ...	3 beds \| 2 baths \| 1,328 sq.ft.	$285,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.6% Airbnb Rental Income: $1450 Traditional Rental Income: $1674 Airbnb ROI: 2.16% Traditional ROI: 4.6%
206 N Beville Avenue Indianapolis, IN Be the first to live in this fully renovated 5-bedroom, 3-bath home just minutes from the ...	5 beds \| 3 baths \| 2,850 sq.ft.	$285,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 8.29% Airbnb Rental Income: $2057 Traditional Rental Income: $2814 Airbnb ROI: 3.49% Traditional ROI: 8.29%
17 N Randolph Street Indianapolis, IN Step into this beautifully maintained classic Four Square home offering timeless charm wit...	3 beds \| 2 baths \| 1,822 sq.ft.	$265,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.95% Airbnb Rental Income: $939 Traditional Rental Income: $2041 Airbnb ROI: 0.16% Traditional ROI: 5.95%
1444 E Elbert Street Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 912 sq.ft.	$190,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 3.59% Airbnb Rental Income: $1353 Traditional Rental Income: $1193 Airbnb ROI: 2.19% Traditional ROI: 3.59%
1140 Hoyt Avenue Indianapolis, IN Welcome to 1140 Hoyt Ave-an updated 4-bedroom, 1.5-bath home located just minutes from the...	4 beds \| 2 baths \| 1,831 sq.ft.	$295,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 3.95% Airbnb Rental Income: $982 Traditional Rental Income: $1703 Airbnb ROI: 0.09% Traditional ROI: 3.95%
350 N Meridian Street #505 Indianapolis, IN Nestled at 350 N Meridian St Unit 505 in the historic Indianapolis Athletic Club Lofts, th...	1 beds \| 2 baths \| 801 sq.ft.	$219,900	Airbnb cash on cash: -2.51% Traditional cash on cash: -0.16% Airbnb Rental Income: $950 Traditional Rental Income: $1092 Airbnb ROI: -2.51% Traditional ROI: -0.16%
1413 S New Jersey Street Indianapolis, IN Here's a super charming 2 bed 2 bath house on the best street in the heart of Bates-Hendri...	2 beds \| 2 baths \| 882 sq.ft.	$230,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.71% Airbnb Rental Income: $978 Traditional Rental Income: $1302 Airbnb ROI: 0.61% Traditional ROI: 3.71%
2250 N Capitol Avenue Indianapolis, IN Come check out this amazingly beautiful, very spacious and totally renovated house that wi...	4 beds \| 3 baths \| 2,751 sq.ft.	$449,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.01% Airbnb Rental Income: $1739 Traditional Rental Income: $2552 Airbnb ROI: 0.93% Traditional ROI: 4.01%
1009 N Park Avenue Indianapolis, IN Discover unparalleled city living in this sophisticated 2-bedroom, 2.5-bathroom residence,...	2 beds \| 3 baths \| 1,502 sq.ft.	$439,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.52% Airbnb Rental Income: $991 Traditional Rental Income: $2381 Airbnb ROI: -0.71% Traditional ROI: 3.52%
6336 Green Leaves Road Indianapolis, IN Welcome to this charming all-brick ranch in the desirable Devonshire neighborhood of Washi...	3 beds \| 2 baths \| 2,006 sq.ft.	$349,900	Airbnb cash on cash: 3.61% Traditional cash on cash: 5.23% Airbnb Rental Income: $2343 Traditional Rental Income: $2299 Airbnb ROI: 3.61% Traditional ROI: 5.23%
450 E Ohio Street #118 Indianapolis, IN Discover the ultimate urban lifestyle at The Packard! This lovely condo is everything you'...	2 beds \| 3 baths \| 1,711 sq.ft.	$399,000	Airbnb cash on cash: -3.15% Traditional cash on cash: 1.55% Airbnb Rental Income: $991 Traditional Rental Income: $2395 Airbnb ROI: -3.15% Traditional ROI: 1.55%
1009 Broadway Street Indianapolis, IN Location, Location, Location! This 3-bed 1.5 bath townhouse with nearly 2,000 square feet ...	3 beds \| 2 baths \| 1,942 sq.ft.	$330,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.3% Airbnb Rental Income: $1051 Traditional Rental Income: $2002 Airbnb ROI: 0.06% Traditional ROI: 4.3%
5512 Lunsford Drive Indianapolis, IN Welcome to this charming and fully updated 3-bedroom, 1.5-bath home located in desirable F...	3 beds \| 2 baths \| 1,290 sq.ft.	$227,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 5.87% Airbnb Rental Income: $1633 Traditional Rental Income: $1621 Airbnb ROI: 3.78% Traditional ROI: 5.87%
10644 Pintail Lane Indianapolis, IN Welcome to this beautifully maintained 5-bedroom, 3-bath home in the desirable Hunters Cro...	5 beds \| 3 baths \| 2,308 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $2558 Airbnb ROI: N/A Traditional ROI: 5.87%
1619 E Bradbury Avenue Indianapolis, IN $10,000 Grant Available for this Property! Welcome Home! 2 Bedroom Bungalow with Basement,...	2 beds \| 1 baths \| 885 sq.ft.	$139,900	Airbnb cash on cash: 3.58% Traditional cash on cash: 6.54% Airbnb Rental Income: $1180 Traditional Rental Income: $1192 Airbnb ROI: 3.58% Traditional ROI: 6.54%
2120 Wynnedale Road Indianapolis, IN Discover this beautifully updated mid-century gem in the heart of Wynnedale! Nestled on a ...	3 beds \| 2 baths \| 1,759 sq.ft.	$400,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.73% Airbnb Rental Income: $1450 Traditional Rental Income: $2423 Airbnb ROI: 0.99% Traditional ROI: 4.73%
50 Charing Cross Road Indianapolis, IN Seller is focused on making this move work for you-offering closing cost assistance, repai...	4 beds \| 3 baths \| 2,461 sq.ft.	$345,500	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.28% Airbnb Rental Income: $1334 Traditional Rental Income: $2319 Airbnb ROI: 0.98% Traditional ROI: 5.28%
5645 Haverford Avenue Indianapolis, IN Listed and pended.	4 beds \| 2 baths \| 2,464 sq.ft.	$470,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 3.42% Airbnb Rental Income: $1396 Traditional Rental Income: $2441 Airbnb ROI: 0.09% Traditional ROI: 3.42%
11943 Glen Cove Court Indianapolis, IN This attractive property in great condition, offers a blend of comfort and style in a very...	4 beds \| 3 baths \| 2,720 sq.ft.	$387,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 5.59% Airbnb Rental Income: $2038 Traditional Rental Income: $2712 Airbnb ROI: 2.27% Traditional ROI: 5.59%
11612 E 75th Street Indianapolis, IN Welcome to 11612 E 75th Street, a beautifully maintained two-story home located in the des...	3 beds \| 3 baths \| 1,586 sq.ft.	$329,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.33% Airbnb Rental Income: $1487 Traditional Rental Income: $2008 Airbnb ROI: 1.25% Traditional ROI: 4.33%
9022 W 52nd Street Indianapolis, IN Welcome home to 1.54 acre of peace & privacy! Enjoy wildlife strolling through your backy...	4 beds \| 3 baths \| 3,114 sq.ft.	$540,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 4.58% Airbnb Rental Income: $1740 Traditional Rental Income: $3017 Airbnb ROI: 1.1% Traditional ROI: 4.58%
5221 Moonlight Drive Indianapolis, IN Welcome home to 5221 Moonlight Drive, a thoughtfully maintained ranch in desirable Brendon...	3 beds \| 2 baths \| 1,848 sq.ft.	$295,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.65% Airbnb Rental Income: $1634 Traditional Rental Income: $1505 Airbnb ROI: 2.46% Traditional ROI: 3.65%
4108 Kalmar Drive Indianapolis, IN Move-in ready! This 3-bedroom, 1-bath home at 4108 Kalmar Drive offers 1,309 sq. ft. of li...	3 beds \| 1 baths \| 1,309 sq.ft.	$167,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 7.22% Airbnb Rental Income: $1482 Traditional Rental Income: $1452 Airbnb ROI: 4.69% Traditional ROI: 7.22%
6117 Arctic Circle Indianapolis, IN **Back on market due to change of heart from buyer, not anything to do with the home itsel...	3 beds \| 3 baths \| 2,303 sq.ft.	$428,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 4.28% Airbnb Rental Income: $1633 Traditional Rental Income: $2572 Airbnb ROI: 0.79% Traditional ROI: 4.28%
8520 Hoff Court Indianapolis, IN Tucked away in the quiet area of Fountain Village, this single-family residence is waiting...	3 beds \| 3 baths \| 1,671 sq.ft.	$325,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 4.67% Airbnb Rental Income: $1749 Traditional Rental Income: $2036 Airbnb ROI: 2.15% Traditional ROI: 4.67%
1412 Fletcher Avenue Indianapolis, IN Fully Renovated Just a Few Years Ago, You'll Love the Detail, Quality & Feel for this Foun...	2 beds \| 2 baths \| 1,432 sq.ft.	$375,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 5.27% Airbnb Rental Income: $1180 Traditional Rental Income: $2348 Airbnb ROI: 0.86% Traditional ROI: 5.27%
8012 Fisher Bend Drive Indianapolis, IN Spacious, beautifully designed 4-bedroom, 3-bathroom home boasting over 2,500 sq. ft. of l...	4 beds \| 3 baths \| 2,562 sq.ft.	$275,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 9.26% Airbnb Rental Income: $1410 Traditional Rental Income: $2819 Airbnb ROI: 2.19% Traditional ROI: 9.26%
3550 Winings Avenue Indianapolis, IN Step inside this beautifully updated Ranch-Style home featuring 3 spacious bedrooms and 1 ...	3 beds \| 1 baths \| 1,248 sq.ft.	$200,000	Airbnb cash on cash: 3.4% Traditional cash on cash: 5.21% Airbnb Rental Income: $1394 Traditional Rental Income: $1316 Airbnb ROI: 3.4% Traditional ROI: 5.21%
5108 Chatham Place Indianapolis, IN Welcome to this spacious 3-bedroom, 2 full bath ranch nestled amongst mature trees and a s...	3 beds \| 2 baths \| 1,653 sq.ft.	$260,000	Airbnb cash on cash: 3% Traditional cash on cash: 6.55% Airbnb Rental Income: $1634 Traditional Rental Income: $2045 Airbnb ROI: 3% Traditional ROI: 6.55%
5825 Dan Patch Drive Indianapolis, IN Nestled in the heart of desirable Farhill Woods, awaits this beautiful 4 bedroom, 2.5 bath...	4 beds \| 3 baths \| 1,757 sq.ft.	$305,500	Airbnb cash on cash: 0.48% Traditional cash on cash: 6.35% Airbnb Rental Income: $1194 Traditional Rental Income: $2495 Airbnb ROI: 0.48% Traditional ROI: 6.35%
6038 Easy Lane Indianapolis, IN Welcome to this stunning and spacious 4-bedroom, 3.5-bath home with a 3+car garage. This ...	4 beds \| 4 baths \| 3,648 sq.ft.	$460,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.8% Airbnb Rental Income: $1454 Traditional Rental Income: $3291 Airbnb ROI: 0.53% Traditional ROI: 5.8%
8330 Whitaker Valley Boulevard Indianapolis, IN Back on the market due to no fault of the sellers. This conveniently located home is an at...	3 beds \| 3 baths \| 2,146 sq.ft.	$330,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 5.78% Airbnb Rental Income: $1503 Traditional Rental Income: $2420 Airbnb ROI: 1.41% Traditional ROI: 5.78%
2426 Borgman Court Indianapolis, IN Welcome to 2426 Borgman Ct. You'll find this lovely home tucked in a family friendly cul-d...	3 beds \| 3 baths \| 1,676 sq.ft.	$265,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 6.22% Airbnb Rental Income: $1605 Traditional Rental Income: $2028 Airbnb ROI: 2.7% Traditional ROI: 6.22%
7301 Parklake Place Indianapolis, IN Ready to move 3 Bed 2 Bath ranch in desirable southern dunes neighborhood, Perry township...	3 beds \| 2 baths \| 1,288 sq.ft.	$234,990	Airbnb cash on cash: 2.55% Traditional cash on cash: 4.65% Airbnb Rental Income: $1661 Traditional Rental Income: $1661 Airbnb ROI: 2.55% Traditional ROI: 4.65%
7011 McLain Drive Indianapolis, IN Welcome to this inviting 3-bedroom, 2-bath ranch in Perry Township! The home features ...	3 beds \| 2 baths \| 2,032 sq.ft.	$319,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 5.32% Airbnb Rental Income: $1211 Traditional Rental Income: $2171 Airbnb ROI: 0.83% Traditional ROI: 5.32%
4134 Bella Court Indianapolis, IN This well-maintained, low-maintenance single-story home in the desirable LaScala Villas co...	2 beds \| 2 baths \| 1,810 sq.ft.	$295,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 4.59% Airbnb Rental Income: $1373 Traditional Rental Income: $1975 Airbnb ROI: 0.92% Traditional ROI: 4.59%
7383 Poppyseed Drive Indianapolis, IN Immaculately Updated 4-Bedroom Home in McFarland Farms - Perry Township. Welcome to this b...	4 beds \| 3 baths \| 1,848 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 5.68%
2349 Cole Wood Circle Indianapolis, IN This charming brick ranch built in 2012 offers the perfect blend of comfort and style nest...	3 beds \| 2 baths \| 1,692 sq.ft.	$255,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 5.62% Airbnb Rental Income: $1425 Traditional Rental Income: $1843 Airbnb ROI: 2.11% Traditional ROI: 5.62%
7290 E 13th Street Indianapolis, IN Welcome to this charming 2-bedroom, 1-bath brick ranch nestled in a quaint Warren Township...	2 beds \| 1 baths \| 891 sq.ft.	$175,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 5.09% Airbnb Rental Income: $1105 Traditional Rental Income: $1242 Airbnb ROI: 2.03% Traditional ROI: 5.09%

Real Estate investment in Indianapolis, IN

There are 1,597 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $256,450 and the average price per square foot is $138. In October 2025, the average monthly cash on cash return in Indianapolis is 5.00%. The average monthly rental income in Indianapolis is $1,784.

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

There are 1,597 investment properties available for sale in Indianapolis.

In 2025, the best neighborhood to buy investment property is West Indianapolis.

The ROI for Long-Term is higher than the Short-Term in Indianapolis with average rental income of $1,784.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

824 E Minnesota Street

Indianapolis, IN

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

$370,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1194

Traditional Rental Income: $2267

Airbnb ROI: 0.8%

Traditional ROI: 5.01%

422 W 41st Street

Indianapolis, IN

3 beds | 2 baths | 1,328 sq.ft.

$285,000

Airbnb cash on cash: 2.16%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1450

Traditional Rental Income: $1674

Airbnb ROI: 2.16%

Traditional ROI: 4.6%

206 N Beville Avenue

Indianapolis, IN

5 beds | 3 baths | 2,850 sq.ft.

$285,000

Airbnb cash on cash: 3.49%

Traditional cash on cash: 8.29%

Airbnb Rental Income: $2057

Traditional Rental Income: $2814

Airbnb ROI: 3.49%

Traditional ROI: 8.29%

17 N Randolph Street

Indianapolis, IN

3 beds | 2 baths | 1,822 sq.ft.

$265,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: 5.95%

Airbnb Rental Income: $939

Traditional Rental Income: $2041

Airbnb ROI: 0.16%

Traditional ROI: 5.95%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$190,000

Airbnb cash on cash: 2.19%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $1353

Traditional Rental Income: $1193

Airbnb ROI: 2.19%

Traditional ROI: 3.59%

1140 Hoyt Avenue

Indianapolis, IN

4 beds | 2 baths | 1,831 sq.ft.

$295,000

Airbnb cash on cash: 0.09%

Traditional cash on cash: 3.95%

Airbnb Rental Income: $982

Traditional Rental Income: $1703

Airbnb ROI: 0.09%

Traditional ROI: 3.95%

350 N Meridian Street #505

Indianapolis, IN

1 beds | 2 baths | 801 sq.ft.

$219,900

Airbnb cash on cash: -2.51%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $950

Traditional Rental Income: $1092

Airbnb ROI: -2.51%

Traditional ROI: -0.16%

1413 S New Jersey Street

Indianapolis, IN

2 beds | 2 baths | 882 sq.ft.

$230,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $978

Traditional Rental Income: $1302

Airbnb ROI: 0.61%