Real Estate Investment Properties for Sale in Lebanon, IN

Looking for investment property in Lebanon, IN with high ROI ?

Explore a variety of short-term homes & houses in Lebanon, IN. Invest wisely with VRBO & Lebanon, 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 Lebanon, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1108 N Meridian St Lebanon, IN Charming historical character fills this timelessly appealing parade route home, steps awa...	2 beds \| 1 baths \| 2,236 sq.ft.	$270,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 1.67% Airbnb Rental Income: $1785 Traditional Rental Income: $833 Airbnb ROI: 3.49% Traditional ROI: 1.67%
1803 Austin Dr Lebanon, IN This nice 3 bedroom, 2 full bathroom home features a Large Great room w/wood burning firep...	3 beds \| 2 baths \| 1,402 sq.ft.	$279,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 4.24% Airbnb Rental Income: $1159 Traditional Rental Income: $1601 Airbnb ROI: 1.11% Traditional ROI: 4.24%
6775 S 475 E Lebanon, IN Charming country 2 bedroom house w/2 full baths, including a two car pole barn with 2 bedr...	N/A beds \| N/A baths \| 1,542 sq.ft.	$1,800,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.32% Airbnb Rental Income: $null Traditional Rental Income: $1244 Airbnb ROI: N/A Traditional ROI: -0.32%
6988 Covington Street Lebanon, IN Move right in and enjoy this 3-bedroom, 2 full bath home in the highly desirable Cardinal ...	3 beds \| 2 baths \| 1,577 sq.ft.	$389,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 3.02% Airbnb Rental Income: $1159 Traditional Rental Income: $1984 Airbnb ROI: -0.28% Traditional ROI: 3.02%
610 Atlas Dr Lebanon, IN Very unique, and like-new Fischer Homes built in 2023, in Lebanon's Cedar Ridge! Why build...	3 beds \| 2 baths \| 1,872 sq.ft.	$359,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.79% Airbnb Rental Income: $1159 Traditional Rental Income: $2041 Airbnb ROI: 0.04% Traditional ROI: 3.79%
1022 Cyprian Way Lebanon, IN New Construction by Fischer Homes in the beautiful Cedar Ridge community with the Jensen p...	4 beds \| 2 baths \| 2,800 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.69% Airbnb Rental Income: $null Traditional Rental Income: $2217 Airbnb ROI: N/A Traditional ROI: 3.69%
4955 Oak Hill Dr Lebanon, IN This beautiful home is actually located in Whitestown (in Golf Club of Indiana). You will ...	4 beds \| 2 baths \| 2,788 sq.ft.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $2861 Airbnb ROI: N/A Traditional ROI: 4.19%
1131 S East Street Lebanon, IN This beautifully renovated home, located directly in front of South Side Park and adjacent...	2 beds \| 2 baths \| 1,544 sq.ft.	$299,900	Airbnb cash on cash: 2.43% Traditional cash on cash: 7.47% Airbnb Rental Income: $1785 Traditional Rental Income: $2721 Airbnb ROI: 2.43% Traditional ROI: 7.47%
523 W Pearl St Lebanon, IN Look no further! This is what you've been waiting for. A one level completely remodeled ho...	3 beds \| 2 baths \| 1,878 sq.ft.	$340,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.68% Airbnb Rental Income: $1159 Traditional Rental Income: $2027 Airbnb ROI: 0.76% Traditional ROI: 4.68%
7014 Covington St Lebanon, IN Welcome to this stunning, nearly new home nestled on a rare lot in the highly sought-after...	3 beds \| 2 baths \| 1,796 sq.ft.	$389,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 4.36% Airbnb Rental Income: $1159 Traditional Rental Income: $2168 Airbnb ROI: 0.55% Traditional ROI: 4.36%
4305 E 550 S Lebanon, IN You must see this incredible all brick ranch duplex opportunity in the perfect location fo...	N/A beds \| N/A baths \| N/A	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $796 Airbnb ROI: N/A Traditional ROI: 0.1%
523 E Noble Street Lebanon, IN This unique home offers a rare and highly sought-after combination of tranquility and conv...	3 beds \| 3 baths \| 2,765 sq.ft.	$399,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.81% Airbnb Rental Income: $1159 Traditional Rental Income: $1836 Airbnb ROI: -0.02% Traditional ROI: 2.81%
2004 Terrace Ln Lebanon, IN Beautiful fully remodeled 5 bedroom 4 bath ranch home. Spacious corner lot and a half with...	5 beds \| 4 baths \| 2,703 sq.ft.	$580,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.64% Airbnb Rental Income: $2926 Traditional Rental Income: $3414 Airbnb ROI: 2.49% Traditional ROI: 4.64%
775 Black Rock Circle Lebanon, IN Welcome to the Birch at Sunbrook! This 2-car garage single-family home is highlighted by a...	4 beds \| 3 baths \| 1,658 sq.ft.	$320,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $2286 Airbnb ROI: N/A Traditional ROI: 5.34%
2018 Elizaville Rd Lebanon, IN 2018 Elizaville Rd, Lebanon, IN 46052 \| Single Family Residential	5 beds \| 3 baths \| 2,838 sq.ft.	$569,900	Airbnb cash on cash: 2.21% Traditional cash on cash: 2.58% Airbnb Rental Income: $2926 Traditional Rental Income: $2447 Airbnb ROI: 2.21% Traditional ROI: 2.58%
Cortland Plan Lebanon, IN Cortland Plan, Lebanon, IN 46052 \| Single Family Residential	4 beds \| 3 baths \| 2,278 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $2095 Airbnb ROI: N/A Traditional ROI: 3.13%
Dayton Plan Lebanon, IN Dayton Plan, Lebanon, IN 46052 \| Single Family Residential	5 beds \| 3 baths \| 3,388 sq.ft.	$479,900	Airbnb cash on cash: 2.96% Traditional cash on cash: 3.03% Airbnb Rental Income: $2926 Traditional Rental Income: $2280 Airbnb ROI: 2.96% Traditional ROI: 3.03%
DaVinci Plan Lebanon, IN DaVinci Plan, Lebanon, IN 46052 \| Single Family Residential	3 beds \| 2 baths \| 1,730 sq.ft.	$340,990	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.95% Airbnb Rental Income: $1159 Traditional Rental Income: $1628 Airbnb ROI: 0.29% Traditional ROI: 2.95%
Beacon Plan Lebanon, IN Beacon Plan, Lebanon, IN 46052 \| Single Family Residential	2 beds \| 2 baths \| 1,419 sq.ft.	$311,990	Airbnb cash on cash: 2.26% Traditional cash on cash: 2.31% Airbnb Rental Income: $1785 Traditional Rental Income: $1312 Airbnb ROI: 2.26% Traditional ROI: 2.31%
Wesley Plan Lebanon, IN Wesley Plan, Lebanon, IN 46052 \| Single Family Residential	3 beds \| 2 baths \| 1,842 sq.ft.	$337,990	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.05% Airbnb Rental Income: $1159 Traditional Rental Income: $1647 Airbnb ROI: 0.31% Traditional ROI: 3.05%
Yosemite Plan Lebanon, IN Yosemite Plan, Lebanon, IN 46052 \| Single Family Residential	3 beds \| 2 baths \| 2,258 sq.ft.	$345,990	Airbnb cash on cash: 0.26% Traditional cash on cash: 3.44% Airbnb Rental Income: $1159 Traditional Rental Income: $1809 Airbnb ROI: 0.26% Traditional ROI: 3.44%
Fairfax Plan Lebanon, IN Fairfax Plan, Lebanon, IN 46052 \| Single Family Residential	4 beds \| 2 baths \| 2,330 sq.ft.	$361,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.38% Airbnb Rental Income: $null Traditional Rental Income: $1866 Airbnb ROI: N/A Traditional ROI: 3.38%
Chatham Plan Lebanon, IN Chatham Plan, Lebanon, IN 46052 \| Single Family Residential	4 beds \| 2 baths \| 1,771 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $1660 Airbnb ROI: N/A Traditional ROI: 2.73%
Jensen Plan Lebanon, IN Jensen Plan, Lebanon, IN 46052 \| Single Family Residential	4 beds \| 2 baths \| 2,794 sq.ft.	$366,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.72% Airbnb Rental Income: $null Traditional Rental Income: $2010 Airbnb ROI: N/A Traditional ROI: 3.72%
Breckenridge Plan Lebanon, IN Breckenridge Plan, Lebanon, IN 46052 \| Single Family Residential	4 beds \| 2 baths \| 3,135 sq.ft.	$381,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $2016 Airbnb ROI: N/A Traditional ROI: 3.52%
750 S 500 W Lebanon, IN 750 S 500 W, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.23% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: 0.23%
3760 N State Road 39 Lebanon, IN 3760 N State Road 39, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.33% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.33%
5005 W 200 S Lebanon, IN 5005 W 200 S, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$1,099,800	Airbnb cash on cash: N/A Traditional cash on cash: -1.52% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.52%
3901 N State Road 52 Lebanon, IN 3901 N State Road 52, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.73% Airbnb Rental Income: $null Traditional Rental Income: $438 Airbnb ROI: N/A Traditional ROI: 0.73%
6745 S 475 E Lebanon, IN 6745 S 475 E, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$1,800,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.65% Airbnb Rental Income: $null Traditional Rental Income: $423 Airbnb ROI: N/A Traditional ROI: -1.65%
545 S 500 E Lebanon, IN 545 S 500 E, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$9,550,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.81% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.81%
975 W 300 N Lebanon, IN 975 W 300 N, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$2,500,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.7% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.7%
1125 W 300 N Lebanon, IN 1125 W 300 N, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$5,000,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.77% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.77%
6801 S 425 East Lebanon, IN 6801 S 425 East, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.56% Airbnb Rental Income: $null Traditional Rental Income: $416 Airbnb ROI: N/A Traditional ROI: -1.56%
Johnstown Plan Lebanon, IN Johnstown Plan, Lebanon, IN 46052 \| Single Family Residential	5 beds \| 3 baths \| 3,062 sq.ft.	$469,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 3.37% Airbnb Rental Income: $2926 Traditional Rental Income: $2384 Airbnb ROI: 3.06% Traditional ROI: 3.37%
Henley Plan Lebanon, IN Henley Plan, Lebanon, IN 46052 \| Single Family Residential	5 beds \| 3 baths \| 2,600 sq.ft.	$394,900	Airbnb cash on cash: 3.98% Traditional cash on cash: 3.93% Airbnb Rental Income: $2926 Traditional Rental Income: $2231 Airbnb ROI: 3.98% Traditional ROI: 3.93%
Stamford Plan Lebanon, IN	4 beds \| 2 baths \| 2,346 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.12% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 3.12%
Cumberland Plan Lebanon, IN Cumberland Plan, Lebanon, IN 46052 \| Single Family Residential	3 beds \| 2 baths \| 2,439 sq.ft.	$353,990	Airbnb cash on cash: 0.21% Traditional cash on cash: 3.41% Airbnb Rental Income: $1159 Traditional Rental Income: $1839 Airbnb ROI: 0.21% Traditional ROI: 3.41%
Greenbriar Plan Lebanon, IN Greenbriar Plan, Lebanon, IN 46052 \| Single Family Residential	3 beds \| 2 baths \| 1,983 sq.ft.	$342,990	Airbnb cash on cash: 0.28% Traditional cash on cash: 3.27% Airbnb Rental Income: $1159 Traditional Rental Income: $1741 Airbnb ROI: 0.28% Traditional ROI: 3.27%
5000 N 275 W Lebanon, IN 5000 N 275 W, Lebanon, IN 46052 \| Other	N/A beds \| N/A baths \| N/A	$2,150,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.68% Airbnb Rental Income: $null Traditional Rental Income: $428 Airbnb ROI: N/A Traditional ROI: -1.68%

Real Estate investment in Lebanon, IN

There are 117 properties for sale in the city of Lebanon . The median list price in Lebanon is $284,853 and the average price per square foot is $114. In June 2026, the average monthly cash on cash return in Lebanon is 3.00%. The average monthly rental income in Lebanon is $1,891.

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

There are 117 investment properties available for sale in Lebanon.

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

The ROI for Short-Term is higher than the Long-Term in Lebanon with average rental income of $1,159.

Your search for investment property begins and ends here

Investment Property for Sale in Lebanon, IN

1108 N Meridian St

Lebanon, IN

2 beds | 1 baths | 2,236 sq.ft.

$270,000

Airbnb cash on cash: 3.49%

Traditional cash on cash: 1.67%

Airbnb Rental Income: $1785

Traditional Rental Income: $833

Airbnb ROI: 3.49%

Traditional ROI: 1.67%

1803 Austin Dr

Lebanon, IN

3 beds | 2 baths | 1,402 sq.ft.

$279,900

Airbnb cash on cash: 1.11%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $1159

Traditional Rental Income: $1601

Airbnb ROI: 1.11%

Traditional ROI: 4.24%

6775 S 475 E

Lebanon, IN

N/A beds | N/A baths | 1,542 sq.ft.

$1,800,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1244

Airbnb ROI: N/A

Traditional ROI: -0.32%

6988 Covington Street

Lebanon, IN

3 beds | 2 baths | 1,577 sq.ft.

$389,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $1159

Traditional Rental Income: $1984

Airbnb ROI: -0.28%

Traditional ROI: 3.02%

610 Atlas Dr

Lebanon, IN

3 beds | 2 baths | 1,872 sq.ft.

$359,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $1159

Traditional Rental Income: $2041

Airbnb ROI: 0.04%

Traditional ROI: 3.79%

1022 Cyprian Way

Lebanon, IN

4 beds | 2 baths | 2,800 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.69%

Airbnb Rental Income: $null

Traditional Rental Income: $2217

Airbnb ROI: N/A

Traditional ROI: 3.69%

4955 Oak Hill Dr

Lebanon, IN

4 beds | 2 baths | 2,788 sq.ft.

$469,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2861

Airbnb ROI: N/A

Traditional ROI: 4.19%

1131 S East Street

Lebanon, IN

2 beds | 2 baths | 1,544 sq.ft.

$299,900

Airbnb cash on cash: 2.43%

Traditional cash on cash: 7.47%

Airbnb Rental Income: $1785

Traditional Rental Income: $2721

Airbnb ROI: 2.43%