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.

Condos for Sale in Indianapolis, IN

Search for Condo for Sale in Indianapolis, Indiana. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 308 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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%
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%
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%
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%
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%
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%
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%
4813 Kelvington Dr Indianapolis, IN This inviting home is ready for you to move in and begin creating lasting memories in this...	3 beds \| 2 baths \| 1,326 sq.ft.	$194,990	Airbnb cash on cash: -0.38% Traditional cash on cash: 8.97% Airbnb Rental Income: $757 Traditional Rental Income: $2172 Airbnb ROI: -0.38% Traditional ROI: 8.97%
2304 Brightwell Pl Indianapolis, IN Nestled at 2304 Brightwell PL, INDIANAPOLIS, IN, this Townhome offers an exceptional livin...	3 beds \| 2 baths \| 1,581 sq.ft.	$245,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 4.7% Airbnb Rental Income: $987 Traditional Rental Income: $2020 Airbnb ROI: -1.29% Traditional ROI: 4.7%
7746 Mountain Stream Way Indianapolis, IN Investor opportunity! Tenant-occupied 4BR/3BA condominium with 1,602 sq ft on a corner lot...	4 beds \| 3 baths \| 1,602 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.64% Airbnb Rental Income: $null Traditional Rental Income: $2009 Airbnb ROI: N/A Traditional ROI: 8.64%
333 Massachusetts Ave #507 Indianapolis, IN Luxury Living on Historic Mass Ave 2 Beds + Office \| 2 Baths \| High-Rise Condo \| Premium ...	2 beds \| 2 baths \| 2,545 sq.ft.	$875,000	Airbnb cash on cash: -2.56% Traditional cash on cash: -0.2% Airbnb Rental Income: $938 Traditional Rental Income: $2514 Airbnb ROI: -2.56% Traditional ROI: -0.2%
1 N Illinois St #2101 Indianapolis, IN Residence 2101 at The Conrad Indianapolis offers 3 bedrooms, 3.5 baths, and over 5,200 squ...	3 beds \| 3 baths \| 5,272 sq.ft.	$4,300,000	Airbnb cash on cash: -2.63% Traditional cash on cash: -2.05% Airbnb Rental Income: $1148 Traditional Rental Income: $3109 Airbnb ROI: -2.63% Traditional ROI: -2.05%
450 E Ohio St #321 Indianapolis, IN Welcome to The Packard in the heart of downtown Indianapolis! This 2-bedroom, 3-bath condo...	2 beds \| 2 baths \| 1,536 sq.ft.	$373,500	Airbnb cash on cash: -1.27% Traditional cash on cash: 4.21% Airbnb Rental Income: $938 Traditional Rental Income: $2514 Airbnb ROI: -1.27% Traditional ROI: 4.21%
5266 Whisperwood Ln #259 Indianapolis, IN Come see this charming 2-bedroom condo located in the gated Windridge Condominium Complex!...	2 beds \| 2 baths \| 1,380 sq.ft.	$200,000	Airbnb cash on cash: -2.8% Traditional cash on cash: 4.06% Airbnb Rental Income: $790 Traditional Rental Income: $1772 Airbnb ROI: -2.8% Traditional ROI: 4.06%
225 N New Jersey St #68 Indianapolis, IN Experience downtown living with exceptional walkability in this top-floor 2-bedroom, 2-bat...	2 beds \| 2 baths \| 1,558 sq.ft.	$399,000	Airbnb cash on cash: -2.5% Traditional cash on cash: 1.16% Airbnb Rental Income: $938 Traditional Rental Income: $1962 Airbnb ROI: -2.5% Traditional ROI: 1.16%
5653 Twin Lakes Ct Indianapolis, IN Welcome to this well-maintained home located on a quiet cul-de-sac in the desirable Twin L...	2 beds \| 2 baths \| 1,016 sq.ft.	$124,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.5% Airbnb Rental Income: $948 Traditional Rental Income: $1238 Airbnb ROI: -0.6% Traditional ROI: 4.5%
802 N Meridian St #204 Indianapolis, IN Experience Timeless Urban Living in a Historic Landmark Discover a rare opportunity to ow...	2 beds \| 2 baths \| 1,258 sq.ft.	$359,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 1.72% Airbnb Rental Income: $938 Traditional Rental Income: $1761 Airbnb ROI: -1.75% Traditional ROI: 1.72%
441 N Park Avenue #4 Indianapolis, IN This stylish 2-bedroom, 2-bath ground-floor loft condo is tucked away in an intimate four-...	2 beds \| 2 baths \| 1,267 sq.ft.	$349,000	Airbnb cash on cash: -2.05% Traditional cash on cash: 1.09% Airbnb Rental Income: $938 Traditional Rental Income: $1622 Airbnb ROI: -2.05% Traditional ROI: 1.09%
5303 Windridge Dr #172 Indianapolis, IN Detached condo in Windridge, gated community for your security. Close to shopping, interst...	2 beds \| 2 baths \| 1,618 sq.ft.	$236,000	Airbnb cash on cash: -1.45% Traditional cash on cash: 3.75% Airbnb Rental Income: $1138 Traditional Rental Income: $1920 Airbnb ROI: -1.45% Traditional ROI: 3.75%
1131 Canterbury Sq S Indianapolis, IN Move-in ready! This spacious 1,254 sq ft, 2-bed, 1.5-bath condo in the Canterbury Square c...	2 beds \| 1 baths \| 1,254 sq.ft.	$149,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.16% Airbnb Rental Income: $1480 Traditional Rental Income: $1612 Airbnb ROI: 1.18% Traditional ROI: 5.16%
611 N Park Ave #207 Indianapolis, IN Experience urban living at its finest in this stylish 2-bedroom loft condo located just st...	2 beds \| 2 baths \| 1,230 sq.ft.	$375,000	Airbnb cash on cash: -2.41% Traditional cash on cash: 1.07% Airbnb Rental Income: $938 Traditional Rental Income: $1817 Airbnb ROI: -2.41% Traditional ROI: 1.07%
7620 Castleton Farms North Dr Indianapolis, IN Wonderful well-located Castleton area condominium. From the peaceful entry into the commun...	2 beds \| 2 baths \| 1,428 sq.ft.	$209,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $1267 Airbnb ROI: N/A Traditional ROI: 4.32%
5821 Cool Hollow Way Indianapolis, IN An open great room with vaulted ceilings and newer vinyl plank flooring sets an easy, welc...	3 beds \| 2 baths \| 1,983 sq.ft.	$300,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 4.46% Airbnb Rental Income: $1331 Traditional Rental Income: $2303 Airbnb ROI: -0.43% Traditional ROI: 4.46%
7045 Gavin Dr Indianapolis, IN This thoughtfully refreshed two-story home combines modern finishes with true low-maintena...	2 beds \| 2 baths \| 1,304 sq.ft.	$174,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 6.52% Airbnb Rental Income: $1115 Traditional Rental Income: $1793 Airbnb ROI: 0.2% Traditional ROI: 6.52%
1168 Shadow Ridge Rd #38 Indianapolis, IN Don't miss out on this beautiful Carmel condo right off the Monon Trail! Nestled in the ba...	2 beds \| 2 baths \| 1,650 sq.ft.	$330,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 1.56% Airbnb Rental Income: $1883 Traditional Rental Income: $1560 Airbnb ROI: 0.98% Traditional ROI: 1.56%
2358 Colfax Ln Indianapolis, IN Nestled in the heart of Indianapolis' northside, this well-maintained, low-maintenance, en...	3 beds \| 2 baths \| 1,581 sq.ft.	$244,900	Airbnb cash on cash: -1.68% Traditional cash on cash: 3.33% Airbnb Rental Income: $987 Traditional Rental Income: $1795 Airbnb ROI: -1.68% Traditional ROI: 3.33%
10311 Gateway Drive Indianapolis, IN Discover effortless, maintenance-free living in this like-new 2023 home, beautifully updat...	2 beds \| 2 baths \| 1,260 sq.ft.	$285,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 3.58% Airbnb Rental Income: $1302 Traditional Rental Income: $1788 Airbnb ROI: 0.26% Traditional ROI: 3.58%
1205 Sturm Ave Indianapolis, IN Downtown Living Without the Downtown Price Tag! Welcome to 1205 Sturm Avenue, a move-i...	2 beds \| 2 baths \| 1,420 sq.ft.	$319,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 2.02% Airbnb Rental Income: $849 Traditional Rental Income: $1586 Airbnb ROI: -1.54% Traditional ROI: 2.02%
2502 Chaseway Ct Indianapolis, IN Fresh, stylish 2-Bedroom, 2.5-Bath Condo! Step inside this fully refreshed home featuring ...	2 beds \| 2 baths \| 1,474 sq.ft.	$199,900	Airbnb cash on cash: -0.44% Traditional cash on cash: 3.68% Airbnb Rental Income: $1091 Traditional Rental Income: $1503 Airbnb ROI: -0.44% Traditional ROI: 3.68%
9792 Kingscross Ct Indianapolis, IN Income producing condominium located in the Tudor Park community. This well maintained con...	2 beds \| 1 baths \| 877 sq.ft.	$80,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.02% Airbnb Rental Income: $850 Traditional Rental Income: $801 Airbnb ROI: 0.44% Traditional ROI: 4.02%
9887 Royce Dr Indianapolis, IN Income producing 3 bedroom 2 bath condo currently tenant occupied and ready to go for an i...	3 beds \| 2 baths \| 1,048 sq.ft.	$90,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 8.37% Airbnb Rental Income: $805 Traditional Rental Income: $1231 Airbnb ROI: -0.15% Traditional ROI: 8.37%
6503 Park Central Way #B Indianapolis, IN Step into modern comfort with this 3-bedroom, 2-bathroom home, boasting with little gems ...	3 beds \| 2 baths \| 1,835 sq.ft.	$125,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 5.28% Airbnb Rental Income: $1536 Traditional Rental Income: $1718 Airbnb ROI: 0.08% Traditional ROI: 5.28%
7942 Beaumont Green Pl Indianapolis, IN Welcome to your dream home in the prestigious Beaumont on the Green neighborhood! This bra...	2 beds \| 2 baths \| 1,746 sq.ft.	$499,990	Airbnb cash on cash: -2.52% Traditional cash on cash: 0.51% Airbnb Rental Income: $1140 Traditional Rental Income: $2178 Airbnb ROI: -2.52% Traditional ROI: 0.51%
802 N Meridian Street #205 Indianapolis, IN Welcome to a luxury smart home condo in Downtown Indianapolis located at Meridian Arch. Th...	1 beds \| 1 baths \| 910 sq.ft.	$325,000	Airbnb cash on cash: -2.22% Traditional cash on cash: 0.35% Airbnb Rental Income: $750 Traditional Rental Income: $1222 Airbnb ROI: -2.22% Traditional ROI: 0.35%
2765 Del Prado Dr #7 Indianapolis, IN Great opportunity for investment property! This 2-bedroom, 1-bathroom condominium features...	2 beds \| 1 baths \| 882 sq.ft.	$95,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 7.85% Airbnb Rental Income: $1139 Traditional Rental Income: $1177 Airbnb ROI: 3.35% Traditional ROI: 7.85%
2148 Singleton St Indianapolis, IN This 2 bedroom, 1 full bath condo boasts considerable potential but requires renovation, p...	2 beds \| 1 baths \| 1,064 sq.ft.	$84,900	Airbnb cash on cash: -1.33% Traditional cash on cash: 8.5% Airbnb Rental Income: $880 Traditional Rental Income: $1362 Airbnb ROI: -1.33% Traditional ROI: 8.5%
623 Arbor Ave Indianapolis, IN Value abound with this location in a budding neighborhood of Indianapolis. Experience the ...	3 beds \| 1 baths \| 1,534 sq.ft.	$159,900	Airbnb cash on cash: 0.79% Traditional cash on cash: 5.49% Airbnb Rental Income: $953 Traditional Rental Income: $1323 Airbnb ROI: 0.79% Traditional ROI: 5.49%
625 Arbor Ave Indianapolis, IN Value abound with this location in a budding neighborhood of Indianapolis. Experience the ...	3 beds \| 1 baths \| 1,332 sq.ft.	$159,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.77% Airbnb Rental Income: $953 Traditional Rental Income: $1324 Airbnb ROI: 0.06% Traditional ROI: 4.77%
225 N New Jersey Street #46 Indianapolis, IN Experience vibrant downtown living in this spacious 2-bedroom, 2-bath condo located in the...	2 beds \| 2 baths \| 1,977 sq.ft.	$419,000	Airbnb cash on cash: -4.49% Traditional cash on cash: 0.54% Airbnb Rental Income: $938 Traditional Rental Income: $2564 Airbnb ROI: -4.49% Traditional ROI: 0.54%
6711 Bridgefield Way Indianapolis, IN Welcome to this beautifully updated condo offering the perfect blend of style, comfort, an...	2 beds \| 2 baths \| 1,115 sq.ft.	$229,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.65% Airbnb Rental Income: $1384 Traditional Rental Income: $1533 Airbnb ROI: 1.04% Traditional ROI: 3.65%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

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%

6525 Emerald Hill Ct

Indianapolis, IN

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%

333 Massachusetts Ave #305

Indianapolis, IN

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%

110 E Washington St #601

Indianapolis, IN

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%

7650 Castleton Farms West Dr

Indianapolis, IN

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%

3313 Bay Road North Dr

Indianapolis, IN

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%

6544 W 71st St

Indianapolis, IN

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%

4813 Kelvington Dr

Indianapolis, IN

3 beds | 2 baths | 1,326 sq.ft.

$194,990

Airbnb cash on cash: -0.38%

Traditional cash on cash: 8.97%

Airbnb Rental Income: $757

Traditional Rental Income: $2172

Airbnb ROI: -0.38%