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
1066 Reserve Way Indianapolis, IN Spacious 2 bedroom condo with vaulted ceilings located right in the heart of Broad Ripple....	2 beds \| 2 baths \| 2,000 sq.ft.	$340,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 4.11% Airbnb Rental Income: $1354 Traditional Rental Income: $2289 Airbnb ROI: -0.12% Traditional ROI: 4.11%
2028 Burch Drive Indianapolis, IN Charming Cape Cod Style home, just one block from Broad Ripple Park's tennis courts, trail...	4 beds \| 2 baths \| 2,289 sq.ft.	$310,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 6.26% Airbnb Rental Income: $1778 Traditional Rental Income: $2413 Airbnb ROI: 2.42% Traditional ROI: 6.26%
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.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 8.84%
2016 N Glenridge Drive Indianapolis, IN Charming "Updated" Bungalow will have you at Hello! This spacious 4-bedroom home offers un...	4 beds \| 1 baths \| 1,492 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $1205 Airbnb ROI: N/A Traditional ROI: 4.31%
1526 N Sherman Drive Indianapolis, IN Newly updated 1-bedroom, 1-bath home located right across from Brookside Park! Enjoy conve...	1 beds \| 1 baths \| 576 sq.ft.	$70,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 9.37% Airbnb Rental Income: $548 Traditional Rental Income: $872 Airbnb ROI: 0.67% Traditional ROI: 9.37%
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.	$175,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 3.98% Airbnb Rental Income: $1190 Traditional Rental Income: $1193 Airbnb ROI: 1.64% Traditional ROI: 3.98%
429 N Pennsylvania Street #904 Indianapolis, IN Must See!! Luxurious downtown 2 bed / 2.5 bath 9th floor penthouse condo in popular Resid...	2 beds \| 3 baths \| 2,745 sq.ft.	$1,395,000	Airbnb cash on cash: -2.9% Traditional cash on cash: -1.23% Airbnb Rental Income: $938 Traditional Rental Income: $2760 Airbnb ROI: -2.9% Traditional ROI: -1.23%
131 E 36th Street Indianapolis, IN Experience historic charm and modern luxury in this stunning 4-bedroom, 2.5-bath home with...	5 beds \| 4 baths \| 3,018 sq.ft.	$450,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 5.79% Airbnb Rental Income: $2131 Traditional Rental Income: $3311 Airbnb ROI: 1.7% Traditional ROI: 5.79%
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.	$225,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 3.84% Airbnb Rental Income: $880 Traditional Rental Income: $1302 Airbnb ROI: 0.28% Traditional ROI: 3.84%
2305 Radcliffe Avenue Indianapolis, IN Welcome to this Beautiful brick ranch home in Perry Township featuring 3 bedrooms, 2 full ...	3 beds \| 2 baths \| 1,656 sq.ft.	$239,500	Airbnb cash on cash: 0.62% Traditional cash on cash: 7.09% Airbnb Rental Income: $880 Traditional Rental Income: $2009 Airbnb ROI: 0.62% Traditional ROI: 7.09%
5416 Brassie Drive Indianapolis, IN This 3-bedroom, 2-bath ranch home blends comfort and privacy with thoughtful updates throu...	3 beds \| 2 baths \| 1,408 sq.ft.	$240,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 5.33% Airbnb Rental Income: $805 Traditional Rental Income: $1771 Airbnb ROI: -0.35% Traditional ROI: 5.33%
1240 W Sumner Avenue Indianapolis, IN Welcome Home! Updated/Move in Ready 4 Bedroom Home on Nice Sized Double Lot; Open Concept ...	4 beds \| 1 baths \| 1,530 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $1593 Airbnb ROI: N/A Traditional ROI: 4.89%
3059 S Lockburn Street Indianapolis, IN Endless possibilities await: one dwelling, two residences to create your vision. The lowe...	3 beds \| 2 baths \| 960 sq.ft.	$120,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 10.07% Airbnb Rental Income: $973 Traditional Rental Income: $1435 Airbnb ROI: 3.05% Traditional ROI: 10.07%
6336 Green Leaves Road Indianapolis, IN NEW LVP FLOORS & NEW IMPROVED PRICE! Welcome to this charming all-brick ranch in the desir...	3 beds \| 2 baths \| 2,006 sq.ft.	$334,900	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.51% Airbnb Rental Income: $1513 Traditional Rental Income: $2299 Airbnb ROI: 1.61% Traditional ROI: 5.51%
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.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.16% Airbnb Rental Income: $null Traditional Rental Income: $2558 Airbnb ROI: N/A Traditional ROI: 6.16%
8424 Southern Springs Way Indianapolis, IN Make the Discovery... Warm & striking 3 bedroom, 2 full bathroom ranch home in Southern Sp...	3 beds \| 2 baths \| 1,200 sq.ft.	$275,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 4.43% Airbnb Rental Income: $1331 Traditional Rental Income: $1635 Airbnb ROI: 1.68% Traditional ROI: 4.43%
333 Massachusetts Avenue #305 Indianapolis, IN Unmatched downtown living at the desirable Three Mass Avenue Condos. This light-filled 3rd...	2 beds \| 2 baths \| 2,148 sq.ft.	$699,900	Airbnb cash on cash: -2.1% Traditional cash on cash: 0.89% Airbnb Rental Income: $938 Traditional Rental Income: $2542 Airbnb ROI: -2.1% Traditional ROI: 0.89%
1043 Windermire Street Indianapolis, IN This home is an EXCELLENT OPPORTUNITY for a first-time buyer or an investor. Ideally locat...	2 beds \| 2 baths \| 1,040 sq.ft.	$225,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 4.53% Airbnb Rental Income: $1004 Traditional Rental Income: $1458 Airbnb ROI: 0.73% Traditional ROI: 4.53%
1308 Marlowe Avenue Indianapolis, IN 1308 Marlowe Avenue... A MODERN URBAN SANCTUARY BUILT IN 2017 BY THE RE-DEVELOPMENT GROUP ...	3 beds \| 4 baths \| 2,718 sq.ft.	$650,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.59% Airbnb Rental Income: $815 Traditional Rental Income: $2880 Airbnb ROI: -0.35% Traditional ROI: 3.59%
7085 N Pennsylvania Street Indianapolis, IN Do not miss this great opportunity in an A+ location on one of Indy's sought after streets...	4 beds \| 6 baths \| 6,572 sq.ft.	$1,200,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 4.09% Airbnb Rental Income: $1800 Traditional Rental Income: $6735 Airbnb ROI: -0.77% Traditional ROI: 4.09%
8650 Guilford Avenue Indianapolis, IN Prime location, thoughtful updates, and a park-like fenced backyard all come together in t...	3 beds \| 2 baths \| 1,737 sq.ft.	$329,900	Airbnb cash on cash: 1.93% Traditional cash on cash: 4.38% Airbnb Rental Income: $1756 Traditional Rental Income: $2033 Airbnb ROI: 1.93% Traditional ROI: 4.38%
5125 Carrollton Avenue Indianapolis, IN A home from your wildest dreams - where cottage charm and timeless character never go out ...	3 beds \| 2 baths \| 2,114 sq.ft.	$340,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 5.29% Airbnb Rental Income: $1104 Traditional Rental Income: $2245 Airbnb ROI: 0.55% Traditional ROI: 5.29%
6063 Morning Dove Drive Indianapolis, IN Fun fact #1: The fear of long words is called hippopotomonstrosesquippedaliophobia. Fun Fa...	4 beds \| 3 baths \| 2,845 sq.ft.	$344,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.45% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 6.45%
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.	$318,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $2036 Airbnb ROI: N/A Traditional ROI: 4.79%
7306 Rose Drive Indianapolis, IN Charming 3-Bedroom Home in Perry Township. Welcome home to this delightful 3-bedroom 2 Ba...	3 beds \| 2 baths \| 1,629 sq.ft.	$240,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 6.95% Airbnb Rental Income: $1451 Traditional Rental Income: $1974 Airbnb ROI: 2.74% Traditional ROI: 6.95%
6703 Locust Grove Drive Indianapolis, IN Charming Ranch in Southern Ridge! Explore this home via interactive 3D home tour, complete...	3 beds \| 2 baths \| 1,458 sq.ft.	$270,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 5.04% Airbnb Rental Income: $1331 Traditional Rental Income: $1791 Airbnb ROI: 1.62% Traditional ROI: 5.04%
1652 Spann Avenue Indianapolis, IN 3 bedrooms, 2.5 baths with 2 car garage, covered front porch and a 2nd story deck! Near F...	3 beds \| 3 baths \| 2,304 sq.ft.	$319,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 6.69% Airbnb Rental Income: $815 Traditional Rental Income: $2563 Airbnb ROI: -0.2% Traditional ROI: 6.69%
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.	$305,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 6.36% Airbnb Rental Income: $892 Traditional Rental Income: $2495 Airbnb ROI: -0.4% Traditional ROI: 6.36%
1348 W County Line Road Indianapolis, IN Charming Starter Home on a Spacious 1/2 Acre Lot! Well-maintained home offering comfort ...	3 beds \| 2 baths \| 1,004 sq.ft.	$209,900	Airbnb cash on cash: 3.31% Traditional cash on cash: 5.83% Airbnb Rental Income: $1444 Traditional Rental Income: $1515 Airbnb ROI: 3.31% Traditional ROI: 5.83%
7650 Castleton Farms West Drive Indianapolis, IN Price Improvement! $10K Reduction - Now Your Dream Condo at an Unbeatable Value Discove...	2 beds \| 2 baths \| 1,789 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 5.86%
1329 Marlowe Avenue Indianapolis, IN Stunning New Construction in the Historic Holy Cross Area Welcome to this beautiful new c...	3 beds \| 5 baths \| 3,134 sq.ft.	$629,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 4.74% Airbnb Rental Income: $815 Traditional Rental Income: $3592 Airbnb ROI: -0.54% Traditional ROI: 4.74%
7383 Poppyseed Drive Indianapolis, IN Immaculately Updated 4-Bedroom Home in McFarland Farms - Perry Township. Welcome to this b...	4 beds \| 3 baths \| 1,910 sq.ft.	$299,900	Airbnb cash on cash: 1.96% Traditional cash on cash: 5.9% Airbnb Rental Income: $1595 Traditional Rental Income: $2252 Airbnb ROI: 1.96% Traditional ROI: 5.9%
6328 Rod Court Indianapolis, IN Stunning 4-bedroom, 3.5-bath open-concept two-story home with a fully finished basement, o...	4 beds \| 4 baths \| 3,896 sq.ft.	$625,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.8% Airbnb Rental Income: $980 Traditional Rental Income: $2899 Airbnb ROI: -0.1% Traditional ROI: 3.8%
7060 N Park Avenue Indianapolis, IN Enjoy this beautifully renovated Arden ranch, blending classic charm with modern updates t...	4 beds \| 3 baths \| 3,284 sq.ft.	$660,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 2.74% Airbnb Rental Income: $1778 Traditional Rental Income: $2731 Airbnb ROI: 0.4% Traditional ROI: 2.74%
931 Maynard Drive Indianapolis, IN Charming Ranch with Massive Backyard - Move-In Ready! Welcome to 931 Maynard Dr - a beaut...	3 beds \| 2 baths \| 1,326 sq.ft.	$257,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 5.44% Airbnb Rental Income: $1451 Traditional Rental Income: $1740 Airbnb ROI: 2.48% Traditional ROI: 5.44%
3925 Roundwood Drive Indianapolis, IN Charming 3-Bedroom, 2-Bath Home - Tenant-Occupied Investment Opportunity This well-main...	3 beds \| 2 baths \| 1,240 sq.ft.	$175,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 7.43% Airbnb Rental Income: $805 Traditional Rental Income: $1628 Airbnb ROI: 0.56% Traditional ROI: 7.43%
6046 Morning Dove Drive Indianapolis, IN Welcome to 6046 Morning Dove Drive located in Falcon Lakes, a beautifully refreshed 4-bedr...	4 beds \| 2 baths \| 1,632 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $2018 Airbnb ROI: N/A Traditional ROI: 5.48%
1341 Lake Meadow Drive Indianapolis, IN Nestled in a residential area of Indianapolis, Indiana, at 1341 Lake Meadow DR, this singl...	3 beds \| 3 baths \| 1,785 sq.ft.	$248,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 6.32% Airbnb Rental Income: $1242 Traditional Rental Income: $1978 Airbnb ROI: 1.48% Traditional ROI: 6.32%
745 W Banta Road Indianapolis, IN Well maintained brick ranch home in Perry Township, with four bedrooms and two full bathro...	4 beds \| 2 baths \| 1,610 sq.ft.	$259,999	Airbnb cash on cash: 0.84% Traditional cash on cash: 6.33% Airbnb Rental Income: $1195 Traditional Rental Income: $2155 Airbnb ROI: 0.84% Traditional ROI: 6.33%
1635 Remington Court Indianapolis, IN Well maintain ranch in Perry township featuring 3 bed room 2 full bath, Master bed room ha...	3 beds \| 2 baths \| 1,311 sq.ft.	$260,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.99% Airbnb Rental Income: $1438 Traditional Rental Income: $1698 Airbnb ROI: 2.19% Traditional ROI: 4.99%

Real Estate investment in Indianapolis, IN

There are 1,326 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $250,000 and the average price per square foot is $136. In December 2025, the average monthly cash on cash return in Indianapolis is 5.00%. The average monthly rental income in Indianapolis is $1,726.

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

There are 1,326 investment properties available for sale in Indianapolis.

In 2025, the best neighborhood to buy investment property is College Park.

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $937.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

1066 Reserve Way

Indianapolis, IN

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

$340,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $1354

Traditional Rental Income: $2289

Airbnb ROI: -0.12%

Traditional ROI: 4.11%

2028 Burch Drive

Indianapolis, IN

4 beds | 2 baths | 2,289 sq.ft.

$310,000

Airbnb cash on cash: 2.42%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $1778

Traditional Rental Income: $2413

Airbnb ROI: 2.42%

Traditional ROI: 6.26%

206 N Beville Avenue

Indianapolis, IN

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

$270,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2814

Airbnb ROI: N/A

Traditional ROI: 8.84%

2016 N Glenridge Drive

Indianapolis, IN

4 beds | 1 baths | 1,492 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1205

Airbnb ROI: N/A

Traditional ROI: 4.31%

1526 N Sherman Drive

Indianapolis, IN

1 beds | 1 baths | 576 sq.ft.

$70,000

Airbnb cash on cash: 0.67%

Traditional cash on cash: 9.37%

Airbnb Rental Income: $548

Traditional Rental Income: $872

Airbnb ROI: 0.67%

Traditional ROI: 9.37%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$175,000

Airbnb cash on cash: 1.64%

Traditional cash on cash: 3.98%

Airbnb Rental Income: $1190

Traditional Rental Income: $1193

Airbnb ROI: 1.64%

Traditional ROI: 3.98%

429 N Pennsylvania Street #904

Indianapolis, IN

2 beds | 3 baths | 2,745 sq.ft.

$1,395,000

Airbnb cash on cash: -2.9%

Traditional cash on cash: -1.23%

Airbnb Rental Income: $938

Traditional Rental Income: $2760

Airbnb ROI: -2.9%

Traditional ROI: -1.23%

131 E 36th Street

Indianapolis, IN

5 beds | 4 baths | 3,018 sq.ft.

$450,000

Airbnb cash on cash: 1.7%

Traditional cash on cash: 5.79%

Airbnb Rental Income: $2131

Traditional Rental Income: $3311

Airbnb ROI: 1.7%