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 SELLER OFFERING A 2-1 RATE BUY DOWN! Live where Broad Ripple comes alive in this spacious...	2 beds \| 2 baths \| 2,003 sq.ft.	$319,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 4.39% Airbnb Rental Income: $1354 Traditional Rental Income: $2289 Airbnb ROI: -0.1% Traditional ROI: 4.39%
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.	$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%
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.	$285,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 5.78% Airbnb Rental Income: $1451 Traditional Rental Income: $2076 Airbnb ROI: 1.85% Traditional ROI: 5.78%
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%
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: -0.3% Traditional cash on cash: 5.54% Airbnb Rental Income: $935 Traditional Rental Income: $2471 Airbnb ROI: -0.3% Traditional ROI: 5.54%
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.	$440,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 5.97% Airbnb Rental Income: $2131 Traditional Rental Income: $3311 Airbnb ROI: 1.78% Traditional ROI: 5.97%
2018 N Dearborn Street Indianapolis, IN Welcome home to this fully renovated 3-bedroom, 1-bath ranch nestled in Indianapolis's Nor...	3 beds \| 1 baths \| 1,168 sq.ft.	$150,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 6.54% Airbnb Rental Income: $954 Traditional Rental Income: $1195 Airbnb ROI: 2.43% Traditional ROI: 6.54%
4362 Evanston Avenue Indianapolis, IN Charming Indianapolis 3-Bedroom with Garage & Fenced Backyard! Welcome home to this invit...	3 beds \| 1 baths \| 1,193 sq.ft.	$133,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 8.55% Airbnb Rental Income: $1072 Traditional Rental Income: $1469 Airbnb ROI: 2.56% Traditional ROI: 8.55%
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.	$199,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 4.53% Airbnb Rental Income: $880 Traditional Rental Income: $1302 Airbnb ROI: 0.53% Traditional ROI: 4.53%
1529 Kennington Street 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: 0.53% Traditional cash on cash: 3.29% Airbnb Rental Income: $880 Traditional Rental Income: $1067 Airbnb ROI: 0.53% Traditional ROI: 3.29%
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.	$465,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.22% Airbnb Rental Income: $1396 Traditional Rental Income: $2296 Airbnb ROI: 0.18% Traditional ROI: 3.22%
9235 Eden Woods Court Indianapolis, IN Spacious 2BR/2.5BA townhome nestled on a large cul-de-sac with views of pond and common ar...	2 beds \| 3 baths \| 1,422 sq.ft.	$249,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 5.46% Airbnb Rental Income: $1480 Traditional Rental Income: $1856 Airbnb ROI: 2.02% Traditional ROI: 5.46%
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: $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%
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.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $1593 Airbnb ROI: N/A Traditional ROI: 5.61%
5911 Edelle Drive 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: 0.88% Traditional cash on cash: 4.68% Airbnb Rental Income: $1331 Traditional Rental Income: $2168 Airbnb ROI: 0.88% Traditional ROI: 4.68%
2919 E New York Street Indianapolis, IN Investor-friendly, turnkey rental opportunity on the near eastside of Indianapolis. Locate...	4 beds \| 2 baths \| 2,068 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%
4709 River Ridge Drive Indianapolis, IN One cannot help but marvel at the meticulous attention to details showcased in this custom...	4 beds \| 4 baths \| 5,194 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.65% Airbnb Rental Income: $null Traditional Rental Income: $4104 Airbnb ROI: N/A Traditional ROI: 2.65%
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: 3.07% Traditional cash on cash: 6.28% Airbnb Rental Income: $1480 Traditional Rental Income: $1501 Airbnb ROI: 3.07% Traditional ROI: 6.28%
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%
6179 Burlington Avenue Indianapolis, IN Adorable bungalow located near Broad Ripple! Home features an updated kitchen and bathroom...	2 beds \| 1 baths \| 1,118 sq.ft.	$305,900	Airbnb cash on cash: 1.34% Traditional cash on cash: 2.74% Airbnb Rental Income: $1354 Traditional Rental Income: $1343 Airbnb ROI: 1.34% Traditional ROI: 2.74%
6525 Emerald Hill Court #206 Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct Unit 206 in the hea...	2 beds \| 2 baths \| 1,549 sq.ft.	$174,900	Airbnb cash on cash: -1.06% Traditional cash on cash: 6.82% Airbnb Rental Income: $948 Traditional Rental Income: $1914 Airbnb ROI: -1.06% Traditional ROI: 6.82%
11541 Coastal Drive Indianapolis, IN Welcome home to maintenance free living! Beautiful quiet 55 and older community that handl...	2 beds \| 2 baths \| 1,504 sq.ft.	$217,500	Airbnb cash on cash: 0.09% Traditional cash on cash: 6.47% Airbnb Rental Income: $850 Traditional Rental Income: $1833 Airbnb ROI: 0.09% Traditional ROI: 6.47%
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.	$689,900	Airbnb cash on cash: -2.11% Traditional cash on cash: 0.92% Airbnb Rental Income: $938 Traditional Rental Income: $2542 Airbnb ROI: -2.11% Traditional ROI: 0.92%
3540 Lambert Street Indianapolis, IN Have you been thinking about investing in an Airbnb property? Or maybe youâre ready to b...	2 beds \| 1 baths \| 1,440 sq.ft.	$172,500	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.49% Airbnb Rental Income: $708 Traditional Rental Income: $1399 Airbnb ROI: 0.42% Traditional ROI: 6.49%
1528 Central Avenue Indianapolis, IN Welcome to 1528 Central Ave, a property that exudes elegance and sophistication. The kitch...	3 beds \| 3 baths \| 2,865 sq.ft.	$510,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 3.54% Airbnb Rental Income: $1147 Traditional Rental Income: $2658 Airbnb ROI: -0.43% Traditional ROI: 3.54%
11934 E 79th Street Indianapolis, IN Experience the rare combination of privacy, acreage, and refined single-level living with ...	3 beds \| 2 baths \| 1,938 sq.ft.	$500,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 2.57% Airbnb Rental Income: $1148 Traditional Rental Income: $2075 Airbnb ROI: -0.22% Traditional ROI: 2.57%
2606 N Delaware Street Indianapolis, IN An enduring appeal emanates from 2606 N Delaware ST in INDIANAPOLIS, IN, USA, a single fam...	3 beds \| 2 baths \| 2,900 sq.ft.	$495,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.12% Airbnb Rental Income: $1147 Traditional Rental Income: $2193 Airbnb ROI: 0.04% Traditional ROI: 3.12%
812 E Mills Avenue Indianapolis, IN Welcome home to this super charming and meticulously maintained 3-bedroom, 2 full bath gem...	3 beds \| 2 baths \| 1,220 sq.ft.	$215,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 6.04% Airbnb Rental Income: $880 Traditional Rental Income: $1591 Airbnb ROI: 0.9% Traditional ROI: 6.04%
5428 E 10th Street Indianapolis, IN Charming Community Heights Bungalow with In-Law Suite or Income Potential Discover this...	4 beds \| 2 baths \| 1,435 sq.ft.	$269,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 5.7% Airbnb Rental Income: $1500 Traditional Rental Income: $1979 Airbnb ROI: 2.09% Traditional ROI: 5.7%
1715 Carrollton Avenue Indianapolis, IN Step into elegance in the desirable Kennedy-King neighborhood of Indianapolis! This 5-bedr...	5 beds \| 4 baths \| 3,399 sq.ft.	$719,000	Airbnb cash on cash: 1.18% Traditional cash on cash: N/A Airbnb Rental Income: $2165 Traditional Rental Income: $0 Airbnb ROI: 1.18% Traditional ROI: N/A
110 E Washington Street #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.	$280,000	Airbnb cash on cash: -2.97% Traditional cash on cash: 2.29% Airbnb Rental Income: $938 Traditional Rental Income: $1981 Airbnb ROI: -2.97% Traditional ROI: 2.29%
6325 Riverview Drive Indianapolis, IN Some homes just feel easy the moment you walk in, and this charming Warfleigh home is one ...	3 beds \| 2 baths \| 2,352 sq.ft.	$399,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 4.38% Airbnb Rental Income: $1541 Traditional Rental Income: $2295 Airbnb ROI: 1.18% Traditional ROI: 4.38%
6046 Easy Lane Indianapolis, IN Rare 4 Bedroom/3 Bath, 3 Car Garage Under $400,000 In Franklin Township. 1st Floor Office ...	4 beds \| 3 baths \| 2,464 sq.ft.	$392,500	Airbnb cash on cash: -0.17% Traditional cash on cash: 4.93% Airbnb Rental Income: $980 Traditional Rental Income: $2503 Airbnb ROI: -0.17% Traditional ROI: 4.93%
6930 Oak Lane Indianapolis, IN Welcome to 6930 Oak Lane in Arden where comfort, functionality, and thoughtful updates com...	3 beds \| 3 baths \| 2,494 sq.ft.	$525,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.76% Airbnb Rental Income: $1541 Traditional Rental Income: $2700 Airbnb ROI: 0.49% Traditional ROI: 3.76%
613 E New York Street Indianapolis, IN Discover a townhome that blends historic charm with modern practicality. You've found it: ...	3 beds \| 2 baths \| 2,678 sq.ft.	$435,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.41% Airbnb Rental Income: $1148 Traditional Rental Income: $2150 Airbnb ROI: 0.02% Traditional ROI: 3.41%
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%
2809 Amherst Street Indianapolis, IN This home is ready for immediate enjoyment. The kitchen boasts granite countertops, comple...	4 beds \| 3 baths \| 2,016 sq.ft.	$329,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 5.6% Airbnb Rental Income: $1370 Traditional Rental Income: $2360 Airbnb ROI: 1.05% Traditional ROI: 5.6%
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.	$259,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 8.43% Airbnb Rental Income: $815 Traditional Rental Income: $2563 Airbnb ROI: -0.02% Traditional ROI: 8.43%

Real Estate investment in Indianapolis, IN

There are 1,436 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $264,950 and the average price per square foot is $143. In April 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,699.

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

There are 1,436 investment properties available for sale in Indianapolis.

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

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $960.

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 | 2,003 sq.ft.

$319,900

Airbnb cash on cash: -0.1%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $1354

Traditional Rental Income: $2289

Airbnb ROI: -0.1%

Traditional ROI: 4.39%

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%

406 Griffin Road

Indianapolis, IN

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

$285,000

Airbnb cash on cash: 1.85%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $1451

Traditional Rental Income: $2076

Airbnb ROI: 1.85%

Traditional ROI: 5.78%

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%

373 E Morris Street

Indianapolis, IN

3 beds | 4 baths | 2,088 sq.ft.

$342,900

Airbnb cash on cash: -0.3%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $935

Traditional Rental Income: $2471

Airbnb ROI: -0.3%

Traditional ROI: 5.54%

131 E 36th Street

Indianapolis, IN

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

$440,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $2131

Traditional Rental Income: $3311

Airbnb ROI: 1.78%

Traditional ROI: 5.97%

2018 N Dearborn Street

Indianapolis, IN

3 beds | 1 baths | 1,168 sq.ft.

$150,000

Airbnb cash on cash: 2.43%

Traditional cash on cash: 6.54%

Airbnb Rental Income: $954

Traditional Rental Income: $1195

Airbnb ROI: 2.43%