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.	$650,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.48% Airbnb Rental Income: $1675 Traditional Rental Income: $2188 Airbnb ROI: -0.07% Traditional ROI: 1.48%
4506 Washington Blvd Indianapolis, IN Wonderful Opportunity to put your handprint on solid built 1920's home in the heart of eve...	4 beds \| 3 baths \| 3,400 sq.ft.	$760,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.46% Airbnb Rental Income: $2561 Traditional Rental Income: $2654 Airbnb ROI: 0.46% Traditional ROI: 1.46%
4001 Broadway St Indianapolis, IN Wow, This is the home you've been waiting for. Light, bright and open. Updates too numer...	3 beds \| 2 baths \| 2,319 sq.ft.	$300,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 4.96% Airbnb Rental Income: $1740 Traditional Rental Income: $2014 Airbnb ROI: 2.29% Traditional ROI: 4.96%
5148 N Park Ave Indianapolis, IN Welcome to 5148 N Park Avenue in Meridian Kessler! This fantastic, recently renovated 4 be...	4 beds \| 3 baths \| 3,073 sq.ft.	$799,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 1.8% Airbnb Rental Income: $2561 Traditional Rental Income: $2810 Airbnb ROI: 0.64% Traditional ROI: 1.8%
6275 Crittenden Ave Indianapolis, IN LOCATION!!! RENOVATED classic limestone Broadripple bungalow, located 2 doors from BR Park...	3 beds \| 2 baths \| 1,824 sq.ft.	$329,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 3.92% Airbnb Rental Income: $1740 Traditional Rental Income: $1848 Airbnb ROI: 2.02% Traditional ROI: 3.92%
3029 Broadway St Indianapolis, IN Discover this beautifully renovated 3 BD 2.5 BA in the heart of downtown in Mapleton-Fall ...	3 beds \| 2 baths \| 2,340 sq.ft.	$299,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.1% Airbnb Rental Income: $1424 Traditional Rental Income: $1556 Airbnb ROI: 2.12% Traditional ROI: 4.1%
316 W 39th St Indianapolis, IN 316 W 39th St, Indianapolis, IN 46208 \| Single Family Residential	2 beds \| 1 baths \| 1,968 sq.ft.	$185,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.48% Airbnb Rental Income: $764 Traditional Rental Income: $1050 Airbnb ROI: 0.13% Traditional ROI: 3.48%
8078 Windham Lake Way Indianapolis, IN Updated 3-bedroom condo with one of the largest floorplans in the Windham Lake complex. Ne...	3 beds \| 2 baths \| 1,816 sq.ft.	$234,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 5.49% Airbnb Rental Income: $1553 Traditional Rental Income: $1916 Airbnb ROI: 1.84% Traditional ROI: 5.49%
9278 Oak Run East Dr Indianapolis, IN Waterfront 2 Bedroom 2 Bath unit. Looking for something to move into without any work to d...	2 beds \| 2 baths \| 1,441 sq.ft.	$248,500	Airbnb cash on cash: 2.11% Traditional cash on cash: 2.51% Airbnb Rental Income: $1906 Traditional Rental Income: $1493 Airbnb ROI: 2.11% Traditional ROI: 2.51%
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.	$275,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 5.64% Airbnb Rental Income: $1675 Traditional Rental Income: $2048 Airbnb ROI: 2.4% Traditional ROI: 5.64%
365 E Morris Street Indianapolis, IN On the North edge of wonderful Bates Hendricks neighborhood you will find a completely reh...	N/A beds \| N/A baths \| N/A	$447,500	Airbnb cash on cash: -0.24% Traditional cash on cash: 7.13% Airbnb Rental Income: $958 Traditional Rental Income: $3698 Airbnb ROI: -0.24% Traditional ROI: 7.13%
1130 S Senate Ave Indianapolis, IN 1130 S Senate Ave, Indianapolis, IN 46225 \| Single Family Residential	2 beds \| 2 baths \| 1,464 sq.ft.	$215,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.36% Airbnb Rental Income: $1189 Traditional Rental Income: $1560 Airbnb ROI: 1.64% Traditional ROI: 5.36%
206 N Beville Avenue Indianapolis, IN Fully renovated inside and out, this beautifully updated 5 bedroom 3 bath home is located ...	5 beds \| 3 baths \| 2,850 sq.ft.	$260,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 9.25% Airbnb Rental Income: $2616 Traditional Rental Income: $2814 Airbnb ROI: 5.89% 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.	$205,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 3.72% Airbnb Rental Income: $1357 Traditional Rental Income: $1150 Airbnb ROI: 2.65% Traditional ROI: 3.72%
404 N Grant Ave Indianapolis, IN Welcome to this beautiful house-where updates meet timeless charm. From the moment you arr...	4 beds \| 2 baths \| 1,644 sq.ft.	$219,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.75% Airbnb Rental Income: $957 Traditional Rental Income: $1257 Airbnb ROI: 0.63% Traditional ROI: 3.75%
406 Griffin Road 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.	$270,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 6.15% Airbnb Rental Income: $1652 Traditional Rental Income: $2076 Airbnb ROI: 2.66% Traditional ROI: 6.15%
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: 1.71% Traditional cash on cash: 4.05% Airbnb Rental Income: $1198 Traditional Rental Income: $1193 Airbnb ROI: 1.71% Traditional ROI: 4.05%
1222 Linden St Indianapolis, IN Find yourself at home in this fully renovated contemporary home located in Fountain Square...	3 beds \| 2 baths \| 3,188 sq.ft.	$409,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 1.96% Airbnb Rental Income: $1580 Traditional Rental Income: $1511 Airbnb ROI: 0.96% Traditional ROI: 1.96%
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.	$425,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 6.24% Airbnb Rental Income: $2266 Traditional Rental Income: $3311 Airbnb ROI: 2.19% Traditional ROI: 6.24%
3358 Ruckle St Indianapolis, IN 3358 Ruckle St, Indianapolis, IN 46205 \| Single Family Residential	4 beds \| 2 baths \| 3,178 sq.ft.	$379,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.83% Airbnb Rental Income: $1250 Traditional Rental Income: $2116 Airbnb ROI: 0.29% Traditional ROI: 3.83%
435 Virginia Ave #506 Indianapolis, IN Welcome to Villagio at Page Pointe in sought after Fletcher Place: where city living meets...	3 beds \| 2 baths \| 1,814 sq.ft.	$545,000	Airbnb cash on cash: -2.06% Traditional cash on cash: -0.36% Airbnb Rental Income: $1580 Traditional Rental Income: $1996 Airbnb ROI: -2.06% Traditional ROI: -0.36%
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: -2.26% Traditional cash on cash: 2.22% Airbnb Rental Income: $1362 Traditional Rental Income: $2438 Airbnb ROI: -2.26% 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.	$2,100,000	Airbnb cash on cash: -2.05% Traditional cash on cash: -1.54% Airbnb Rental Income: $1412 Traditional Rental Income: $1972 Airbnb ROI: -2.05% Traditional ROI: -1.54%
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: 3.24% Traditional cash on cash: 7.44% Airbnb Rental Income: $1580 Traditional Rental Income: $1983 Airbnb ROI: 3.24% Traditional ROI: 7.44%
1529 Kennington St Indianapolis, IN Experience this beautifully renovated 2br/1ba single family home in the Bates Hendricks ne...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.29% Airbnb Rental Income: $1189 Traditional Rental Income: $1067 Airbnb ROI: 1.89% 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.	$589,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.38% Airbnb Rental Income: $1199 Traditional Rental Income: $2553 Airbnb ROI: -0.79% Traditional ROI: 2.38%
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: 2.63% Traditional cash on cash: 3.66% Airbnb Rental Income: $1357 Traditional Rental Income: $1138 Airbnb ROI: 2.63% Traditional ROI: 3.66%
8625 Douglaston Court Indianapolis, IN Welcome to this thoughtfully updated 3-bedroom home offering 2 full baths and 2 half baths...	3 beds \| 4 baths \| 3,325 sq.ft.	$450,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.88% Airbnb Rental Income: $1553 Traditional Rental Income: $2939 Airbnb ROI: 0.52% Traditional ROI: 4.88%
838 N Emerson Ave Indianapolis, IN Welcome to 838 N Emerson Ave! This 3-bedroom, 1-bath single-story home sits on a 6,534 sq ...	3 beds \| 1 baths \| 2,400 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $1211 Airbnb ROI: N/A Traditional ROI: 4.2%
1111 E 10th St Indianapolis, IN WOW! Experience Sophisticated Urban Living in this stunning Townhome with a Private ROOFTO...	3 beds \| 3 baths \| 2,440 sq.ft.	$675,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 2.16% Airbnb Rental Income: $1357 Traditional Rental Income: $2726 Airbnb ROI: -0.67% Traditional ROI: 2.16%
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.	$422,500	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.93% Airbnb Rental Income: $1730 Traditional Rental Income: $1979 Airbnb ROI: 1.1% Traditional ROI: 2.93%
3868 Ruckle St Indianapolis, IN This beautifully updated 1911 home blends timeless character with thoughtful modern update...	3 beds \| 2 baths \| 2,074 sq.ft.	$449,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.53% Airbnb Rental Income: $1740 Traditional Rental Income: $2558 Airbnb ROI: 1.45% Traditional ROI: 4.53%
4935 W Legrande Avenue Indianapolis, IN Come and check out this 2-bed/1 bath located on 2 lots in Drexel Gardens. The home has a f...	2 beds \| 1 baths \| 1,034 sq.ft.	$110,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 8.56% Airbnb Rental Income: $1223 Traditional Rental Income: $1124 Airbnb ROI: 5.8% Traditional ROI: 8.56%
414 Jefferson Avenue Indianapolis, IN Discover charm and modern updates in this beautiful 4 bedroom, 2 bathroom Indianapolis hom...	4 beds \| 2 baths \| 2,209 sq.ft.	$275,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.96% Airbnb Rental Income: $957 Traditional Rental Income: $2206 Airbnb ROI: 0.8% Traditional ROI: 6.96%
4251 Woodsage Trce Indianapolis, IN SELLER IS OFFERING $2,000 TO BUYERS for buyer's closing costs to purchase this end-unit co...	2 beds \| 2 baths \| 1,187 sq.ft.	$135,000	Airbnb cash on cash: -1.99% Traditional cash on cash: 4.13% Airbnb Rental Income: $963 Traditional Rental Income: $1408 Airbnb ROI: -1.99% Traditional ROI: 4.13%
5329 E 34th St Indianapolis, IN Call The Scott Smith Team 317-884-5000 to se this property or more information or visit ww...	3 beds \| 1 baths \| 900 sq.ft.	$158,500	Airbnb cash on cash: 5.46% Traditional cash on cash: 4.65% Airbnb Rental Income: $1520 Traditional Rental Income: $955 Airbnb ROI: 5.46% Traditional ROI: 4.65%
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.	$180,000	Airbnb cash on cash: 4.81% Traditional cash on cash: 6.32% Airbnb Rental Income: $1827 Traditional Rental Income: $1593 Airbnb ROI: 4.81% Traditional ROI: 6.32%
3829 Alsace Pl Indianapolis, IN Offering a well loved home in a quiet neighborhood. Minutes to I-465, shopping and parks, ...	3 beds \| 1 baths \| 1,924 sq.ft.	$149,900	Airbnb cash on cash: 3.12% Traditional cash on cash: 5.9% Airbnb Rental Income: $1110 Traditional Rental Income: $1134 Airbnb ROI: 3.12% Traditional ROI: 5.9%
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: 2.08% Traditional cash on cash: 4.68% Airbnb Rental Income: $1801 Traditional Rental Income: $2168 Airbnb ROI: 2.08% 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.	$199,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 6.52% Airbnb Rental Income: $957 Traditional Rental Income: $1595 Airbnb ROI: 1.32% Traditional ROI: 6.52%

Real Estate investment in Indianapolis, IN

There are 4,076 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $245,123 and the average price per square foot is $33. In June 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,557.

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

There are 4,076 investment properties available for sale in Indianapolis.

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

The ROI for Long-Term is higher than the Short-Term in Indianapolis with average rental income of $1,557.

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.

$650,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 1.48%

Airbnb Rental Income: $1675

Traditional Rental Income: $2188

Airbnb ROI: -0.07%

Traditional ROI: 1.48%

4506 Washington Blvd

Indianapolis, IN

4 beds | 3 baths | 3,400 sq.ft.

$760,000

Airbnb cash on cash: 0.46%

Traditional cash on cash: 1.46%

Airbnb Rental Income: $2561

Traditional Rental Income: $2654

Airbnb ROI: 0.46%

Traditional ROI: 1.46%

4001 Broadway St

Indianapolis, IN

3 beds | 2 baths | 2,319 sq.ft.

$300,000

Airbnb cash on cash: 2.29%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $1740

Traditional Rental Income: $2014

Airbnb ROI: 2.29%

Traditional ROI: 4.96%

5148 N Park Ave

Indianapolis, IN

4 beds | 3 baths | 3,073 sq.ft.

$799,900

Airbnb cash on cash: 0.64%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2561

Traditional Rental Income: $2810

Airbnb ROI: 0.64%

Traditional ROI: 1.8%

6275 Crittenden Ave

Indianapolis, IN

3 beds | 2 baths | 1,824 sq.ft.

$329,900

Airbnb cash on cash: 2.02%

Traditional cash on cash: 3.92%

Airbnb Rental Income: $1740

Traditional Rental Income: $1848

Airbnb ROI: 2.02%

Traditional ROI: 3.92%

3029 Broadway St

Indianapolis, IN

3 beds | 2 baths | 2,340 sq.ft.

$299,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $1424

Traditional Rental Income: $1556

Airbnb ROI: 2.12%

Traditional ROI: 4.1%

316 W 39th St

Indianapolis, IN

2 beds | 1 baths | 1,968 sq.ft.

$185,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $764

Traditional Rental Income: $1050

Airbnb ROI: 0.13%

Traditional ROI: 3.48%

8078 Windham Lake Way

Indianapolis, IN

3 beds | 2 baths | 1,816 sq.ft.

$234,900

Airbnb cash on cash: 1.84%

Traditional cash on cash: 5.49%

Airbnb Rental Income: $1553

Traditional Rental Income: $1916

Airbnb ROI: 1.84%