Real Estate Investment Properties for Sale in Memphis, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
727 TCB Boulevard Memphis, IN Come check out this like new 1.5 story home in the beautiful neighborhood of Kingsland Fie...	4 beds \| 3 baths \| 3,322 sq.ft.	$484,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.98% Airbnb Rental Income: $null Traditional Rental Income: $2990 Airbnb ROI: N/A Traditional ROI: 4.98%
12714 Columbus Mann Road Memphis, IN Welcome to the home of a lifetime! This stunning custom-built 4-bedroom, 3.5-bath ranch of...	4 beds \| 4 baths \| 4,074 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.43% Airbnb Rental Income: $null Traditional Rental Income: $2153 Airbnb ROI: N/A Traditional ROI: 2.43%
2403 Johnson Pass Memphis, IN Welcome to this stunning 2024-built home in the desirable Fairview Farms Subdivision! Pric...	3 beds \| 2 baths \| 1,132 sq.ft.	$279,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.23% Airbnb Rental Income: $1390 Traditional Rental Income: $1981 Airbnb ROI: 1.39% Traditional ROI: 5.23%
5709 Harmony Woods LOT#1001 Memphis, IN * ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS.MOVE-IN READY Everyone loves ...	3 beds \| 2 baths \| 1,425 sq.ft.	$284,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.56% Airbnb Rental Income: $1390 Traditional Rental Income: $2090 Airbnb ROI: 1.39% Traditional ROI: 5.56%
5707 Harmony Woods LOT#1002 Memphis, IN * ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS.* MOVE-IN READY* This beautiful...	3 beds \| 2 baths \| 1,400 sq.ft.	$284,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.56% Airbnb Rental Income: $1390 Traditional Rental Income: $2090 Airbnb ROI: 1.39% Traditional ROI: 5.56%
5706 Harmony Woods LOT#1023 Memphis, IN ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. MOVE-IN READY* This beautifull...	3 beds \| 2 baths \| 1,285 sq.ft.	$264,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.67% Airbnb Rental Income: $1390 Traditional Rental Income: $1981 Airbnb ROI: 1.63% Traditional ROI: 5.67%
5703 Harmony Woods LOT#1004 Memphis, IN ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. MOVE-IN READY* Experience the I...	3 beds \| 2 baths \| 1,425 sq.ft.	$284,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 5.57% Airbnb Rental Income: $1390 Traditional Rental Income: $2097 Airbnb ROI: 1.37% Traditional ROI: 5.57%
5712 Harmony Woods LOT#1025 Memphis, IN * ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. MOVE-IN READY This beautifu...	3 beds \| 2 baths \| 1,285 sq.ft.	$264,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.72% Airbnb Rental Income: $1390 Traditional Rental Income: $1994 Airbnb ROI: 1.63% Traditional ROI: 5.72%
5708 Harmony Woods LOT#1024 Memphis, IN * ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. MOVE-IN READY Introducing Th...	3 beds \| 2 baths \| 1,305 sq.ft.	$264,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.76% Airbnb Rental Income: $1390 Traditional Rental Income: $2003 Airbnb ROI: 1.63% Traditional ROI: 5.76%
833 Kings Court Memphis, IN Come check out The Whithaven Plan in Kingsland Fields! This floor plan is a gorgeous 3 bed...	3 beds \| 2 baths \| 1,563 sq.ft.	$329,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.03% Airbnb Rental Income: $1390 Traditional Rental Income: $2242 Airbnb ROI: 0.92% Traditional ROI: 5.03%
2222 Pine Tree Lane LOT#112 Memphis, IN Ask about our Rate Buydown and No Closing Costs Options * Estimated completion date is Ear...	4 beds \| 3 baths \| 2,090 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.36% Airbnb Rental Income: $null Traditional Rental Income: $2651 Airbnb ROI: N/A Traditional ROI: 5.36%
2422 Johnson Pass #LOT 116 Memphis, IN Introducing The "Emerson" Plan in ASB's newest development of FAIRVIEW FARM. This floor pl...	3 beds \| 2 baths \| 1,508 sq.ft.	$319,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.19% Airbnb Rental Income: $1390 Traditional Rental Income: $2234 Airbnb ROI: 0.99% Traditional ROI: 5.19%
116 Guernsey Farms Lane Memphis, IN Discover the perfect blend of space, comfort, and outdoor living with this stunning 4-bedr...	4 beds \| 3 baths \| 3,963 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $3091 Airbnb ROI: N/A Traditional ROI: 3.57%
13954 Deer Run Trace #LOT 425 Memphis, IN Estimated completion end of October We are PROUD to announce that ASB Homes is now in DE...	3 beds \| 2 baths \| 1,472 sq.ft.	$319,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.19% Airbnb Rental Income: $1390 Traditional Rental Income: $2210 Airbnb ROI: 1.07% Traditional ROI: 5.19%
13952 Deer Run Trace #LOT 424 Memphis, IN Estimated completion November 2025 Introducing the Emerson floor plan by ASB Homes in th...	3 beds \| 2 baths \| 1,553 sq.ft.	$314,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.66% Airbnb Rental Income: $1390 Traditional Rental Income: $2315 Airbnb ROI: 1.12% Traditional ROI: 5.66%
2428 Johnson Pass LOT#235 Memphis, IN Ask about our Rate Buydown and No Closing Costs Options * Estimated completion date is Lat...	3 beds \| 2 baths \| 1,390 sq.ft.	$304,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.41% Airbnb Rental Income: $1390 Traditional Rental Income: $2198 Airbnb ROI: 1.13% Traditional ROI: 5.41%
2426 Johnson Pass #LOT 236 Memphis, IN Introducing The "Brooklynn" Plan by ASB in Section Two of FAIRVIEW FARM! This floor plan i...	3 beds \| 2 baths \| 1,446 sq.ft.	$304,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.59% Airbnb Rental Income: $1390 Traditional Rental Income: $2249 Airbnb ROI: 1.13% Traditional ROI: 5.59%
2424 Johnson Pass #LOT 237 Memphis, IN Introducing The Belle by ASB Homes â a quality-built 4-bedroom, 2-bath home designed wit...	4 beds \| 2 baths \| 1,787 sq.ft.	$344,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $2446 Airbnb ROI: N/A Traditional ROI: 5.35%
2608 Vineyard Way #LOT 227 Memphis, IN Introducing The "ALLEN" Plan by ASB in Section Two of FAIRVIEW FARM! This gorgeous 4 bedro...	4 beds \| 3 baths \| 2,194 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2797 Airbnb ROI: N/A Traditional ROI: 5.58%
2618 Vineyard Way LOT#232 Memphis, IN * ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS.* Estimated Completion is Late D...	3 beds \| 2 baths \| 1,425 sq.ft.	$304,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.41% Airbnb Rental Income: $1390 Traditional Rental Income: $2198 Airbnb ROI: 1.13% Traditional ROI: 5.41%
2030 Fairview Farm Drive LOT #219 Memphis, IN ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. Estimated Completion is Late D...	3 beds \| 2 baths \| 1,425 sq.ft.	$309,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 5.33% Airbnb Rental Income: $1390 Traditional Rental Income: $2207 Airbnb ROI: 1.08% Traditional ROI: 5.33%
2617 Vineyard Way #LOT 210 Memphis, IN Quality built by ASB! The "Brooklynn" Plan in FAIRVIEW FARM for which is right on the edge...	4 beds \| 3 baths \| 2,359 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $2860 Airbnb ROI: N/A Traditional ROI: 5.48%
2615 Vineyard Way #LOT 211 Memphis, IN Section two of Fairview Farm! This is the "SOLARA" floor plan and we hope you are as excit...	4 beds \| 3 baths \| 2,156 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $2795 Airbnb ROI: N/A Traditional ROI: 5.48%
2616 Vineyard Way #Lot 231 Memphis, IN Ask about our Rate Buydown and No Closing Costs Options * Estimated completion date is Lat...	3 beds \| 2 baths \| 1,390 sq.ft.	$299,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.53% Airbnb Rental Income: $1390 Traditional Rental Income: $2196 Airbnb ROI: 1.18% Traditional ROI: 5.53%

Real Estate investment in Memphis, IN

There are 31 properties for sale in the city of Memphis . The median list price in Memphis is $314,900 and the average price per square foot is $166. In October 2025, the average monthly cash on cash return in Memphis is 5.00%. The average monthly rental income in Memphis is $2,207.

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

There are 31 investment properties available for sale in Memphis.

In 2025, the best neighborhood to buy investment property is Memphis.

The ROI for Long-Term is higher than the Short-Term in Memphis with average rental income of $2,207.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, IN

727 TCB Boulevard

Memphis, IN

4 beds | 3 baths | 3,322 sq.ft.

$484,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.98%

Airbnb Rental Income: $null

Traditional Rental Income: $2990

Airbnb ROI: N/A

Traditional ROI: 4.98%

12714 Columbus Mann Road

Memphis, IN

4 beds | 4 baths | 4,074 sq.ft.

$565,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2153

Airbnb ROI: N/A

Traditional ROI: 2.43%

2403 Johnson Pass

Memphis, IN

3 beds | 2 baths | 1,132 sq.ft.

$279,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 5.23%

Airbnb Rental Income: $1390

Traditional Rental Income: $1981

Airbnb ROI: 1.39%

Traditional ROI: 5.23%

5709 Harmony Woods LOT#1001

Memphis, IN

3 beds | 2 baths | 1,425 sq.ft.

$284,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $1390

Traditional Rental Income: $2090

Airbnb ROI: 1.39%

Traditional ROI: 5.56%

5707 Harmony Woods LOT#1002

Memphis, IN

3 beds | 2 baths | 1,400 sq.ft.

$284,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $1390

Traditional Rental Income: $2090

Airbnb ROI: 1.39%

Traditional ROI: 5.56%

5706 Harmony Woods LOT#1023

Memphis, IN

3 beds | 2 baths | 1,285 sq.ft.

$264,900

Airbnb cash on cash: 1.63%

Traditional cash on cash: 5.67%

Airbnb Rental Income: $1390

Traditional Rental Income: $1981

Airbnb ROI: 1.63%

Traditional ROI: 5.67%

5703 Harmony Woods LOT#1004

Memphis, IN

3 beds | 2 baths | 1,425 sq.ft.

$284,900

Airbnb cash on cash: 1.37%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1390

Traditional Rental Income: $2097

Airbnb ROI: 1.37%

Traditional ROI: 5.57%

5712 Harmony Woods LOT#1025

Memphis, IN

3 beds | 2 baths | 1,285 sq.ft.

$264,900

Airbnb cash on cash: 1.63%

Traditional cash on cash: 5.72%

Airbnb Rental Income: $1390

Traditional Rental Income: $1994

Airbnb ROI: 1.63%