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
2016 N Glenridge Dr Indianapolis, IN Charming "Updated" Bungalow will have you at Hello! This spacious 4-bedroom home offers un...	4 beds \| 1 baths \| 2,220 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $1205 Airbnb ROI: N/A Traditional ROI: 4.48%
1526 N Sherman Dr 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 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.	$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 St #904 Indianapolis, IN Must See!! Luxurious downtown 2 bed / 2.5 bath 9th floor penthouse condo in popular Resid...	2 beds \| 2 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 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.	$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 St 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 \| 1,103 sq.ft.	$215,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.09% Airbnb Rental Income: $880 Traditional Rental Income: $1302 Airbnb ROI: 0.37% Traditional ROI: 4.09%
2305 Radcliffe Ave 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: $880 Traditional Rental Income: $2009 Airbnb ROI: 0.69% Traditional ROI: 7.43%
836 Villa Avenue Indianapolis, IN Front porching from this Fountain Square home will be amazing this Summer in this spacious...	3 beds \| 3 baths \| 2,416 sq.ft.	$339,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 5.77% Airbnb Rental Income: $815 Traditional Rental Income: $2400 Airbnb ROI: -0.23% Traditional ROI: 5.77%
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 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.	$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%
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: 3.64% Traditional cash on cash: 6.56% Airbnb Rental Income: $1480 Traditional Rental Income: $1595 Airbnb ROI: 3.64% Traditional ROI: 6.56%
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 Ln 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.	$350,000	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%
6525 Emerald Hill Ct Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct in the heart of Per...	2 beds \| 2 baths \| 1,549 sq.ft.	$174,900	Airbnb cash on cash: -0.8% Traditional cash on cash: 7.08% Airbnb Rental Income: $948 Traditional Rental Income: $1914 Airbnb ROI: -0.8% Traditional ROI: 7.08%
11541 Coastal Dr Indianapolis, IN Welcome home to maintenance free living! Beautiful quiet 55 and older community that handl...	2 beds \| 2 baths \| 1,504 sq.ft.	$219,999	Airbnb cash on cash: 0.06% Traditional cash on cash: 6.22% Airbnb Rental Income: $850 Traditional Rental Income: $1833 Airbnb ROI: 0.06% Traditional ROI: 6.22%
333 Massachusetts Ave #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%
12413 Winding Creek Ln Indianapolis, IN Just minutes from Geist, this Oaklandon area ranch has been tastefully updated and is read...	3 beds \| 2 baths \| 1,404 sq.ft.	$265,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 5.13% Airbnb Rental Income: $1148 Traditional Rental Income: $1761 Airbnb ROI: 1.15% Traditional ROI: 5.13%
5428 E 10th St Indianapolis, IN Charming Community Heights Bungalow with In-Law Suite or Income Potential Discover this...	4 beds \| 2 baths \| 2,208 sq.ft.	$275,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 5.58% Airbnb Rental Income: $1500 Traditional Rental Income: $1979 Airbnb ROI: 2.04% Traditional ROI: 5.58%
110 E Washington St #601 Indianapolis, IN Live at the center of it all in this beautiful 2-bed, 2-bath downtown Indianapolis condo. ...	2 beds \| 2 baths \| 1,563 sq.ft.	$315,000	Airbnb cash on cash: -2.75% Traditional cash on cash: 1.93% Airbnb Rental Income: $938 Traditional Rental Income: $1981 Airbnb ROI: -2.75% Traditional ROI: 1.93%
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%
6063 Morning Dove Dr Indianapolis, IN Fun fact #1: The fear of long words is called hippopotomonstrosesquippedaliophobia. Fun Fa...	4 beds \| 2 baths \| 2,845 sq.ft.	$342,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 6.5%
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%
613 E New York St Indianapolis, IN Finding a townhome with historic charm and modern livability can be a tall order. Good new...	3 beds \| 2 baths \| 3,062 sq.ft.	$449,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 3.13% Airbnb Rental Income: $1148 Traditional Rental Income: $2150 Airbnb ROI: -0.04% Traditional ROI: 3.13%
7306 Rose Dr 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 Ave Indianapolis, IN 3 bedrooms, 2.5 baths with 2 car garage, covered front porch and a 2nd story deck! Near F...	3 beds \| 2 baths \| 2,454 sq.ft.	$314,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 6.81% Airbnb Rental Income: $815 Traditional Rental Income: $2563 Airbnb ROI: -0.19% Traditional ROI: 6.81%
7303 Red Rock Road Indianapolis, IN Welcome home to this single-story stunner that proves you can have it all-without climbing...	3 beds \| 2 baths \| 1,226 sq.ft.	$275,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 4% Airbnb Rental Income: $1148 Traditional Rental Income: $1604 Airbnb ROI: 0.77% Traditional ROI: 4%
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 Dr Indianapolis, IN Price Improvement! $10K Reduction - Now Your Dream Condo at an Unbeatable Value Discove...	2 beds \| 2 baths \| 1,789 sq.ft.	$204,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 6.02%
1329 Marlowe Ave Indianapolis, IN Stunning New Construction in the Historic Holy Cross Area Welcome to this beautiful new c...	3 beds \| 4 baths \| 3,134 sq.ft.	$599,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 5.03% Airbnb Rental Income: $815 Traditional Rental Income: $3592 Airbnb ROI: -0.52% Traditional ROI: 5.03%
3313 Bay Road North Dr Indianapolis, IN Spectacular! Gorgeous view of Nantucket Bay from nearly every window! This three bedroom, ...	3 beds \| 2 baths \| 2,958 sq.ft.	$1,199,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 0.7% Airbnb Rental Income: $2016 Traditional Rental Income: $3173 Airbnb ROI: -0.81% Traditional ROI: 0.7%
7383 Poppyseed Dr Indianapolis, IN Immaculately Updated 4-Bedroom Home in McFarland Farms - Perry Township. Welcome to this b...	4 beds \| 2 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%
6544 W 71st St Indianapolis, IN This condo has it all! Open floor plan, low-maintenance living and plenty of storage. You'...	2 beds \| 2 baths \| 1,811 sq.ft.	$275,000	Airbnb cash on cash: -2.42% Traditional cash on cash: 4.79% Airbnb Rental Income: $793 Traditional Rental Income: $2343 Airbnb ROI: -2.42% Traditional ROI: 4.79%
5648 Grassy Bank Dr Indianapolis, IN Discover the inviting home awaiting you at 5648 Grassy Bank DR, INDIANAPOLIS, IN. Nestled ...	3 beds \| 2 baths \| 2,034 sq.ft.	$269,900	Airbnb cash on cash: 1.15% Traditional cash on cash: 6.65% Airbnb Rental Income: $1189 Traditional Rental Income: $2201 Airbnb ROI: 1.15% Traditional ROI: 6.65%
6046 Morning Dove Dr Indianapolis, IN Freshly installed new carpet delivers a clean, move-in-ready feel. Welcome to 6046 Mornin...	4 beds \| 2 baths \| 1,632 sq.ft.	$275,000	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%
930 Stillwell Street Indianapolis, IN This is the one for all dreamers, visionaries, and investors! Start with the basics at thi...	3 beds \| 1 baths \| 1,220 sq.ft.	$182,500	Airbnb cash on cash: 1.48% Traditional cash on cash: 5.93% Airbnb Rental Income: $937 Traditional Rental Income: $1365 Airbnb ROI: 1.48% Traditional ROI: 5.93%
10249 Ronald Court Indianapolis, IN This is the one! With room for everyone and everything and space to grow. Newer furnace an...	4 beds \| 2 baths \| 2,076 sq.ft.	$209,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 9.36% Airbnb Rental Income: $1188 Traditional Rental Income: $2237 Airbnb ROI: 2.11% Traditional ROI: 9.36%
1341 Lake Meadow Dr Indianapolis, IN Nestled in a residential area of Indianapolis, Indiana, at 1341 Lake Meadow DR, this singl...	3 beds \| 2 baths \| 1,785 sq.ft.	$243,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 6.46% Airbnb Rental Income: $1195 Traditional Rental Income: $1978 Airbnb ROI: 1.36% Traditional ROI: 6.46%

Real Estate investment in Indianapolis, IN

There are 3,239 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $255,000 and the average price per square foot is $140. In February 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,692.

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

There are 3,239 investment properties available for sale in Indianapolis.

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

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $938.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

2016 N Glenridge Dr

Indianapolis, IN

4 beds | 1 baths | 2,220 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1205

Airbnb ROI: N/A

Traditional ROI: 4.48%

1526 N Sherman Dr

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 St

Indianapolis, IN

2 beds | 1 baths | 1,584 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 St #904

Indianapolis, IN

2 beds | 2 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 St

Indianapolis, IN

5 beds | 3 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 St

Indianapolis, IN

2 beds | 2 baths | 1,103 sq.ft.

$215,000

Airbnb cash on cash: 0.37%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $880

Traditional Rental Income: $1302

Airbnb ROI: 0.37%

Traditional ROI: 4.09%

2305 Radcliffe Ave

Indianapolis, IN

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: $880

Traditional Rental Income: $2009

Airbnb ROI: 0.69%

Traditional ROI: 7.43%

836 Villa Avenue

Indianapolis, IN

3 beds | 3 baths | 2,416 sq.ft.

$339,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 5.77%

Airbnb Rental Income: $815

Traditional Rental Income: $2400

Airbnb ROI: -0.23%