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
1120 Fletcher Ave Indianapolis, IN RARE Double Lot in FOUNTAIN SQUARE On Fletcher Ave: The bar is raised! 20' ceilings in the...	4 beds \| 3 baths \| 3,294 sq.ft.	$675,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.48% Airbnb Rental Income: $1328 Traditional Rental Income: $2188 Airbnb ROI: -0.53% Traditional ROI: 1.48%
1066 Reserve Way Indianapolis, IN Live where Broad Ripple comes alive in this spacious 2-bedroom, 2-bath condo with vaulted ...	2 beds \| 2 baths \| 2,003 sq.ft.	$309,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.56% Airbnb Rental Income: $1317 Traditional Rental Income: $2289 Airbnb ROI: -0.18% Traditional ROI: 4.56%
1527 Lexington Ave Indianapolis, IN Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 3 baths \| 2,316 sq.ft.	$290,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.3% Airbnb Rental Income: $1328 Traditional Rental Income: $2048 Airbnb ROI: 1.17% Traditional ROI: 5.3%
519 Terrace Ave Indianapolis, IN 519 Terrace Ave, Indianapolis, IN 46203 \| Single Family Residential	3 beds \| 2 baths \| 2,309 sq.ft.	$339,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.48% Airbnb Rental Income: $997 Traditional Rental Income: $1793 Airbnb ROI: -0.13% Traditional ROI: 3.48%
1130 S Senate Ave Indianapolis, IN 1130 S Senate Ave, Indianapolis, IN 46225 \| Single Family Residential	2 beds \| 2 baths \| 1,464 sq.ft.	$230,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.9% Airbnb Rental Income: $870 Traditional Rental Income: $1560 Airbnb ROI: 0.19% Traditional ROI: 4.9%
206 N Beville Ave Indianapolis, IN Fully renovated inside and out, this beautifully updated 5 bedroom 3 bath home is located ...	5 beds \| 3 baths \| 3,518 sq.ft.	$260,000	Airbnb cash on cash: 5.58% Traditional cash on cash: 9.25% Airbnb Rental Income: $2523 Traditional Rental Income: $2814 Airbnb ROI: 5.58% Traditional ROI: 9.25%
337 N Temple Ave Indianapolis, IN A spacious three bedroom one and a half bath with a dedicated laundry room in the basement...	3 beds \| 1 baths \| 2,121 sq.ft.	$210,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.61% Airbnb Rental Income: $748 Traditional Rental Income: $1150 Airbnb ROI: 0.02% Traditional ROI: 3.61%
406 Griffin Rd Indianapolis, IN Beautiful, well-maintained home in desirable Perry Township that won't last long! Recent u...	3 beds \| 2 baths \| 1,762 sq.ft.	$280,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.9% Airbnb Rental Income: $1140 Traditional Rental Income: $2076 Airbnb ROI: 0.92% Traditional ROI: 5.9%
1444 E Elbert St Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 1,584 sq.ft.	$172,500	Airbnb cash on cash: -0.53% Traditional cash on cash: 4.05% Airbnb Rental Income: $756 Traditional Rental Income: $1193 Airbnb ROI: -0.53% Traditional ROI: 4.05%
373 E Morris Street Indianapolis, IN Lovely home in the heart of Bates Hendricks! This renovated and restored home has a great...	3 beds \| 4 baths \| 2,088 sq.ft.	$342,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 5.54% Airbnb Rental Income: $997 Traditional Rental Income: $2471 Airbnb ROI: -0.14% Traditional ROI: 5.54%
131 E 36th St Indianapolis, IN Experience historic charm and modern luxury in this stunning 4-bedroom, 2.5-bath home with...	5 beds \| 3 baths \| 3,018 sq.ft.	$430,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 6.14% Airbnb Rental Income: $1370 Traditional Rental Income: $3311 Airbnb ROI: 0.29% Traditional ROI: 6.14%
430 N Park Ave #104 Indianapolis, IN Exceptional 2 bedroom 2 bath condo in one of downtown Indyâs most coveted locations. Thi...	2 beds \| 2 baths \| 1,462 sq.ft.	$355,000	Airbnb cash on cash: -3.06% Traditional cash on cash: 2.22% Airbnb Rental Income: $1039 Traditional Rental Income: $2438 Airbnb ROI: -3.06% Traditional ROI: 2.22%
333 Massachusetts Ave Ph 1 Indianapolis, IN 333 Massachusetts Ave Ph 1, Indianapolis, IN 46204 \| Condo/Coop	3 beds \| 3 baths \| 4,251 sq.ft.	$2,200,000	Airbnb cash on cash: -2.08% Traditional cash on cash: -1.55% Airbnb Rental Income: $1310 Traditional Rental Income: $1972 Airbnb ROI: -2.08% Traditional ROI: -1.55%
1534 S State Ave Indianapolis, IN Great investment opportunity near the Fountain Square district and downtown! This property...	3 beds \| 2 baths \| 2,209 sq.ft.	$214,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 7.44% Airbnb Rental Income: $902 Traditional Rental Income: $1983 Airbnb ROI: 0.47% Traditional ROI: 7.44%
1413 S New Jersey Street Indianapolis, IN Owner-occupied buyer may be eligible for a grant up to $7500 Here's a super charming 2...	2 beds \| 2 baths \| 882 sq.ft.	$195,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 4.69% Airbnb Rental Income: $870 Traditional Rental Income: $1302 Airbnb ROI: 0.55% Traditional ROI: 4.69%
1529 Kennington St Indianapolis, IN Welcome to a beautifully renovated 2br/1ba single family home in the Bates Hendricks neigh...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.29% Airbnb Rental Income: $870 Traditional Rental Income: $1067 Airbnb ROI: 0.49% Traditional ROI: 3.29%
2160 N Alabama St Indianapolis, IN 2160 N Alabama St, Indianapolis, IN 46202 \| Single Family Residential	3 beds \| 3 baths \| 2,592 sq.ft.	$599,000	Airbnb cash on cash: -1.35% Traditional cash on cash: 2.31% Airbnb Rental Income: $838 Traditional Rental Income: $2553 Airbnb ROI: -1.35% Traditional ROI: 2.31%
2730 Sutherland Ave Indianapolis, IN 2730 Sutherland Ave, Indianapolis, IN 46205 \| Single Family Residential	4 beds \| 4 baths \| 4,638 sq.ft.	$899,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.94% Airbnb Rental Income: $1029 Traditional Rental Income: $3369 Airbnb ROI: -1.18% Traditional ROI: 1.94%
2449 N Delaware St Indianapolis, IN 2449 N Delaware St, Indianapolis, IN 46205 \| Townhouse	4 beds \| 3 baths \| 3,978 sq.ft.	$700,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 1.08% Airbnb Rental Income: $1029 Traditional Rental Income: $2021 Airbnb ROI: -0.99% Traditional ROI: 1.08%
5260 Cornelius Avenue Indianapolis, IN Located in the highly sought-after Butler-Tarkington neighborhood of Indianapolis, this we...	3 beds \| 2 baths \| 2,576 sq.ft.	$450,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.38% Airbnb Rental Income: $1198 Traditional Rental Income: $2296 Airbnb ROI: -0.14% Traditional ROI: 3.38%
2612 Brookway St Indianapolis, IN 2612 Brookway St, Indianapolis, IN 46218 \| Single Family Residential	3 beds \| 1 baths \| 1,666 sq.ft.	$200,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.66% Airbnb Rental Income: $748 Traditional Rental Income: $1138 Airbnb ROI: -0.05% Traditional ROI: 3.66%
9235 Eden Woods Ct Indianapolis, IN Spacious 2BR/2.5BA townhome nestled on a large cul-de-sac with views of pond and common ar...	2 beds \| 2 baths \| 1,422 sq.ft.	$249,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 5.46% Airbnb Rental Income: $1377 Traditional Rental Income: $1856 Airbnb ROI: 1.66% Traditional ROI: 5.46%
4702 Carrollton Ave Indianapolis, IN Welcome Home to this completely remodeled showstopper! Updates are brand new! Amazing Stre...	3 beds \| 2 baths \| 2,201 sq.ft.	$535,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.22% Airbnb Rental Income: $1330 Traditional Rental Income: $1955 Airbnb ROI: 0.15% Traditional ROI: 2.22%
331 W Hampton Dr Indianapolis, IN Butler University Beauty! Amazing opportunity to own a Classic 4 -Square all brick updated...	3 beds \| 2 baths \| 1,846 sq.ft.	$425,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 2.91% Airbnb Rental Income: $1198 Traditional Rental Income: $1979 Airbnb ROI: -0.03% Traditional ROI: 2.91%
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.	$229,500	Airbnb cash on cash: 0.69% Traditional cash on cash: 7.43% Airbnb Rental Income: $879 Traditional Rental Income: $2009 Airbnb ROI: 0.69% Traditional ROI: 7.43%
545 N Hamilton Avenue Indianapolis, IN Fully renovated and truly move-in ready, this 4-bedroom, 2.5-bath St. Clair home blends ti...	4 beds \| 3 baths \| 2,236 sq.ft.	$350,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 5.65% Airbnb Rental Income: $931 Traditional Rental Income: $2367 Airbnb ROI: 0.23% Traditional ROI: 5.65%
414 Jefferson Ave Indianapolis, IN Discover charm and modern updates in this beautiful 4 bedroom, 2 bathroom Indianapolis hom...	4 beds \| 2 baths \| 2,511 sq.ft.	$285,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.68% Airbnb Rental Income: $931 Traditional Rental Income: $2206 Airbnb ROI: 0.65% Traditional ROI: 6.68%
4251 Woodsage Trce Indianapolis, IN Tucked away in a serene, wooded setting, this end-unit condo offers an exceptional blend o...	2 beds \| 2 baths \| 1,188 sq.ft.	$137,500	Airbnb cash on cash: -3.99% Traditional cash on cash: 3.79% Airbnb Rental Income: $620 Traditional Rental Income: $1408 Airbnb ROI: -3.99% Traditional ROI: 3.79%
1240 W Sumner Ave Indianapolis, IN Welcome Home! Updated/Move in Ready 4 Bedroom Home on Nice Sized Double Lot; Open Concept ...	4 beds \| 1 baths \| 2,486 sq.ft.	$199,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 5.61% Airbnb Rental Income: $1039 Traditional Rental Income: $1593 Airbnb ROI: 0.78% Traditional ROI: 5.61%
5911 Edelle Dr Indianapolis, IN Explore versatility and comfort in this Franklin Township ranch home! With a loft space th...	3 beds \| 2 baths \| 1,997 sq.ft.	$350,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.68% Airbnb Rental Income: $1425 Traditional Rental Income: $2168 Airbnb ROI: 1.12% Traditional ROI: 4.68%
2919 E New York St Indianapolis, IN Investor-friendly, turnkey rental opportunity on the near eastside of Indianapolis. Locate...	4 beds \| 2 baths \| 2,276 sq.ft.	$199,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.56% Airbnb Rental Income: $931 Traditional Rental Income: $1595 Airbnb ROI: 1.22% Traditional ROI: 6.56%
1306 Tishman Ln Indianapolis, IN Charming 2-bedroom, 1.5-bath condo offering comfortable, low-maintenance living. This well...	2 beds \| 1 baths \| 1,216 sq.ft.	$129,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 4.99% Airbnb Rental Income: $1107 Traditional Rental Income: $1372 Airbnb ROI: -0.01% Traditional ROI: 4.99%
1425 N Bolton Ave Indianapolis, IN Spacious 2 story Irvington home priced to sell. Great location close to shopping, intersta...	3 beds \| 1 baths \| 2,044 sq.ft.	$158,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 5.25% Airbnb Rental Income: $948 Traditional Rental Income: $1105 Airbnb ROI: 1.91% Traditional ROI: 5.25%
8851 Bay Breeze Lane Indianapolis, IN YOUR DREAM HOME AWAITS in Admirals Sound at Geist. This stately, custom-built former Home-...	4 beds \| 5 baths \| 5,156 sq.ft.	$875,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.09% Airbnb Rental Income: $2808 Traditional Rental Income: $4674 Airbnb ROI: 0.99% Traditional ROI: 4.09%
450 E Ohio St #118 Indianapolis, IN Discover the ultimate urban lifestyle at The Packard! This lovely condo is everything you'...	2 beds \| 2 baths \| 1,711 sq.ft.	$385,000	Airbnb cash on cash: -3.23% Traditional cash on cash: 1.46% Airbnb Rental Income: $1039 Traditional Rental Income: $2395 Airbnb ROI: -3.23% Traditional ROI: 1.46%
1814 Lexington Ave Indianapolis, IN MODERN DESIGN WITH BALCONY AND DECK IN THE REAR AND COVERED PORCH IN FRONT.UNDER CONSTRUCT...	3 beds \| 3 baths \| 2,266 sq.ft.	$429,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 4.36% Airbnb Rental Income: $902 Traditional Rental Income: $2257 Airbnb ROI: 0.15% Traditional ROI: 4.36%
7335 Chapel Villas Ln #B Indianapolis, IN Call this your new home today and move into this spectacular custom condo. Relax in your c...	2 beds \| 2 baths \| 1,241 sq.ft.	$210,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 2.66% Airbnb Rental Income: $997 Traditional Rental Income: $1364 Airbnb ROI: -0.82% Traditional ROI: 2.66%
1619 Marborough Lane Indianapolis, IN Welcome home to this charming and well-maintained condominium in desirable Washington Town...	2 beds \| 2 baths \| 1,152 sq.ft.	$149,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 6.21% Airbnb Rental Income: $1377 Traditional Rental Income: $1492 Airbnb ROI: 2.47% Traditional ROI: 6.21%
12431 Teacup Way Indianapolis, IN Large home with lots of potential 4 bedrooms, 2.5 baths, 20x16 master, living room, family...	4 beds \| 2 baths \| 2,850 sq.ft.	$309,900	Airbnb cash on cash: 5.17% Traditional cash on cash: 4.76% Airbnb Rental Income: $2808 Traditional Rental Income: $2032 Airbnb ROI: 5.17% Traditional ROI: 4.76%
4128 Ballybay Ln Indianapolis, IN This Ranch has Style! 4 Bedroom 2 Full Bath Spacious and Updated Move in Ready Home w/Sunr...	4 beds \| 2 baths \| 1,836 sq.ft.	$309,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 4.26% Airbnb Rental Income: $1043 Traditional Rental Income: $1823 Airbnb ROI: 0.34% Traditional ROI: 4.26%

Real Estate investment in Indianapolis, IN

There are 3,710 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $265,000 and the average price per square foot is $25. In May 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,608.

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

There are 3,710 investment properties available for sale in Indianapolis.

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

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $1,029.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

1120 Fletcher Ave

Indianapolis, IN

4 beds | 3 baths | 3,294 sq.ft.

$675,000

Airbnb cash on cash: -0.53%

Traditional cash on cash: 1.48%

Airbnb Rental Income: $1328

Traditional Rental Income: $2188

Airbnb ROI: -0.53%

Traditional ROI: 1.48%

1066 Reserve Way

Indianapolis, IN

2 beds | 2 baths | 2,003 sq.ft.

$309,900

Airbnb cash on cash: -0.18%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $1317

Traditional Rental Income: $2289

Airbnb ROI: -0.18%

Traditional ROI: 4.56%

1527 Lexington Ave

Indianapolis, IN

4 beds | 3 baths | 2,316 sq.ft.

$290,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 5.3%

Airbnb Rental Income: $1328

Traditional Rental Income: $2048

Airbnb ROI: 1.17%

Traditional ROI: 5.3%

519 Terrace Ave

Indianapolis, IN

3 beds | 2 baths | 2,309 sq.ft.

$339,900

Airbnb cash on cash: -0.13%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $997

Traditional Rental Income: $1793

Airbnb ROI: -0.13%

Traditional ROI: 3.48%

1130 S Senate Ave

Indianapolis, IN

2 beds | 2 baths | 1,464 sq.ft.

$230,000

Airbnb cash on cash: 0.19%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $870

Traditional Rental Income: $1560

Airbnb ROI: 0.19%

Traditional ROI: 4.9%

206 N Beville Ave

Indianapolis, IN

5 beds | 3 baths | 3,518 sq.ft.

$260,000

Airbnb cash on cash: 5.58%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $2523

Traditional Rental Income: $2814

Airbnb ROI: 5.58%

Traditional ROI: 9.25%

337 N Temple Ave

Indianapolis, IN

3 beds | 1 baths | 2,121 sq.ft.

$210,000

Airbnb cash on cash: 0.02%

Traditional cash on cash: 3.61%

Airbnb Rental Income: $748

Traditional Rental Income: $1150

Airbnb ROI: 0.02%

Traditional ROI: 3.61%

406 Griffin Rd

Indianapolis, IN

3 beds | 2 baths | 1,762 sq.ft.

$280,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1140

Traditional Rental Income: $2076

Airbnb ROI: 0.92%