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
2004 Derby Way Memphis, IN Beautifully upgraded D.R. Horton Sienna plan in the peaceful community of Champions Run! T...	3 beds \| 3 baths \| 1,818 sq.ft.	$309,900	Airbnb cash on cash: -1.06% Traditional cash on cash: 6.59% Airbnb Rental Income: $616 Traditional Rental Income: $2555 Airbnb ROI: -1.06% Traditional ROI: 6.59%
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: -1.1% Traditional cash on cash: 5.08% Airbnb Rental Income: $616 Traditional Rental Income: $2242 Airbnb ROI: -1.1% Traditional ROI: 5.08%
2030 Fairview Farm Drive #219 Memphis, IN This one is just about done and ready for you to move in! Plus, Builder is offering a $5,0...	3 beds \| 2 baths \| 1,425 sq.ft.	$319,900	Airbnb cash on cash: -1.15% Traditional cash on cash: 5.1% Airbnb Rental Income: $616 Traditional Rental Income: $2207 Airbnb ROI: -1.15% Traditional ROI: 5.1%
2616 Vineyard Way #231 Memphis, IN Builder is offering a $5,000 buyer incentive to use however you want! Lower your monthly p...	3 beds \| 2 baths \| 1,390 sq.ft.	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 5.52% Airbnb Rental Income: $616 Traditional Rental Income: $2196 Airbnb ROI: -1.1% Traditional ROI: 5.52%
320 Fairview Road Memphis, IN Discover the charm of this cozy home at the end of Fairview Road nestled on 3.22 peaceful ...	2 beds \| 1 baths \| 1,472 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.69% Airbnb Rental Income: $null Traditional Rental Income: $1716 Airbnb ROI: N/A Traditional ROI: 4.69%
2028 Fairview Farm Drive #220 Memphis, IN This NEW Construction home is almost complete and ready for you to move in! Step inside an...	3 beds \| 2 baths \| 1,390 sq.ft.	$314,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 5.27% Airbnb Rental Income: $616 Traditional Rental Income: $2224 Airbnb ROI: -1.14% Traditional ROI: 5.27%
2621 Vineyard Way #208 Memphis, IN Schuler Homes' Independence Floor plan on a finished WALKOUT lower level! 4 bedrooms, 3 fu...	4 beds \| 3 baths \| 2,378 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $2777 Airbnb ROI: N/A Traditional ROI: 4.13%
1210 Sir Barton Court Memphis, IN Open House Saturday 5/9 from 1 to 3. Newly priced 5 bedroom home on half acre cul de sac l...	5 beds \| 3 baths \| 2,846 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.27% Airbnb Rental Income: $null Traditional Rental Income: $2977 Airbnb ROI: N/A Traditional ROI: 6.27%
2018 Fairview Farm Drive lot: 221 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	3 beds \| 2 baths \| 1,438 sq.ft.	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 5.36% Airbnb Rental Income: $616 Traditional Rental Income: $2150 Airbnb ROI: -1.1% Traditional ROI: 5.36%
2016 Fairview Farm Drive lot: 222 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	3 beds \| 2 baths \| 1,472 sq.ft.	$309,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 5.12% Airbnb Rental Income: $616 Traditional Rental Income: $2147 Airbnb ROI: -1.13% Traditional ROI: 5.12%
2604 Vineyard Way #225 Memphis, IN 4 Bedrooms, 3 FULL Baths with a daylight, finished basement with a bedroom, family room, o...	4 beds \| 3 baths \| 2,234 sq.ft.	$394,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2752 Airbnb ROI: N/A Traditional ROI: 5.27%
2623 Vineyard Way #207 Memphis, IN 4 Bedrooms, 3 FULL Baths with a finished, rear WALKOUT lower level on a premium lot in FAI...	4 beds \| 3 baths \| 2,452 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $2829 Airbnb ROI: N/A Traditional ROI: 4.74%
2607 Vineyard Way #215 Memphis, IN Schuler Homes' Independence Floor plan on a finished WALKOUT lower level! 4 bedrooms, 3 fu...	4 beds \| 3 baths \| 2,250 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $2750 Airbnb ROI: N/A Traditional ROI: 4.7%
606 Lonely Street Memphis, IN Welcome home to Kingsland Fields in Memphis! This beautiful 2-year old home is better than...	3 beds \| 2 baths \| 1,472 sq.ft.	$330,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 4.58% Airbnb Rental Income: $616 Traditional Rental Income: $2115 Airbnb ROI: -1.19% Traditional ROI: 4.58%
2021 Derby Way Memphis, IN Welcome to 2021 Derby Way in Memphis, Indiana, a beautiful new home located in our sought-...	4 beds \| 3 baths \| 2,053 sq.ft.	$305,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.9% Airbnb Rental Income: $null Traditional Rental Income: $2610 Airbnb ROI: N/A Traditional ROI: 6.9%
2022 Derby Way Memphis, IN Welcome to 2022 Derby Way in Memphis, Indiana, a beautiful new home located in our sought-...	4 beds \| 3 baths \| 2,053 sq.ft.	$301,710	Airbnb cash on cash: N/A Traditional cash on cash: 7.02% Airbnb Rental Income: $null Traditional Rental Income: $2610 Airbnb ROI: N/A Traditional ROI: 7.02%
2619 Vineyard Way #209 Memphis, IN 4 Bedrooms, 3 FULL Baths with a finished, rear WALKOUT lower level on a premium lot in FAI...	4 beds \| 3 baths \| 2,452 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $2829 Airbnb ROI: N/A Traditional ROI: 4.8%
2609 Vineyard Way #214 Memphis, IN Builder will provide you with a $5,000 incentive to use for closing costs, interest rate b...	4 beds \| 3 baths \| 2,452 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $2834 Airbnb ROI: N/A Traditional ROI: 4.81%
13946 Deer Run Trace lot: 421 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDERWe ar...	3 beds \| 2 baths \| 1,611 sq.ft.	$324,900	Airbnb cash on cash: -1.09% Traditional cash on cash: 5.14% Airbnb Rental Income: $616 Traditional Rental Income: $2226 Airbnb ROI: -1.09% Traditional ROI: 5.14%
5704 Harmony Woods #1022 Memphis, IN One of Schuler Homes newest floor plans, The Grant! Located on a cul-de-sac street, this b...	3 beds \| 2 baths \| 1,485 sq.ft.	$299,900	Airbnb cash on cash: -1.02% Traditional cash on cash: 5.71% Airbnb Rental Income: $616 Traditional Rental Income: $2226 Airbnb ROI: -1.02% Traditional ROI: 5.71%
2614 Vineyard Way lot: 230 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	3 beds \| 2 baths \| 1,418 sq.ft.	$299,900	Airbnb cash on cash: -1.02% Traditional cash on cash: 5.22% Airbnb Rental Income: $616 Traditional Rental Income: $2086 Airbnb ROI: -1.02% Traditional ROI: 5.22%
13503 Bennettsville Road Memphis, IN Set on a full acre, this 2,100 sq ft home opens with front porch views of the Knobs, offer...	4 beds \| 2 baths \| 2,095 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2460 Airbnb ROI: N/A Traditional ROI: 5.01%
5700 Harmony Woods #1020 Memphis, IN One of Schuler Homes newest floor plans, The Grant! Located on a cul-de-sac street, this b...	3 beds \| 2 baths \| 1,485 sq.ft.	$299,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 6.58% Airbnb Rental Income: $616 Traditional Rental Income: $2236 Airbnb ROI: -0.19% Traditional ROI: 6.58%
5701 Harmony Woods #1005 Memphis, IN Eligible for USDA Rural Housing (if you qualify). You could own this home with no money do...	3 beds \| 2 baths \| 1,425 sq.ft.	$299,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 6.07% Airbnb Rental Income: $616 Traditional Rental Income: $2091 Airbnb ROI: -0.19% Traditional ROI: 6.07%
2612 Vineyard Way lot: 229 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER Intr...	3 beds \| 2 baths \| 1,508 sq.ft.	$309,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 5.41% Airbnb Rental Income: $616 Traditional Rental Income: $2208 Airbnb ROI: -1.05% Traditional ROI: 5.41%
904 Audobon Court Memphis, IN Welcome to the new Maria Plan in the desirable Kingsland Fields Subdivision in Memphis, In...	3 beds \| 2 baths \| 1,564 sq.ft.	$389,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.84% Airbnb Rental Income: $616 Traditional Rental Income: $2232 Airbnb ROI: -0.38% Traditional ROI: 4.84%
826 Kings Court Memphis, IN Welcome to the new Maria Plan in the desirable Kingsland Fields Subdivision in Memphis, In...	3 beds \| 2 baths \| 1,564 sq.ft.	$389,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.85% Airbnb Rental Income: $616 Traditional Rental Income: $2238 Airbnb ROI: -0.38% Traditional ROI: 4.85%
14018 Deerfield Court Memphis, IN Welcome to 14018 Deerfield Court in Memphis, Indiana! A spacious and well-designed home of...	5 beds \| 3 baths \| 2,707 sq.ft.	$369,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $2766 Airbnb ROI: N/A Traditional ROI: 6.09%
2618 Vineyard Way #232 Memphis, IN Your NEW Home just got $5,000 better!! Get a $5,000 buyer incentive to use your way: Lower...	3 beds \| 2 baths \| 1,425 sq.ft.	$304,900	Airbnb cash on cash: -1.12% Traditional cash on cash: 5.41% Airbnb Rental Income: $616 Traditional Rental Income: $2198 Airbnb ROI: -1.12% Traditional ROI: 5.41%
2606 Vineyard Way lot: 226 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDERESTIM...	4 beds \| 3 baths \| 2,118 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $2702 Airbnb ROI: N/A Traditional ROI: 5.51%
2020 Derby Way Memphis, IN Welcome to 2020 Derby Way, a new home in Champions Run community in Memphis, Indiana. The ...	3 beds \| 2 baths \| 1,498 sq.ft.	$261,303	Airbnb cash on cash: -0.9% Traditional cash on cash: 6.63% Airbnb Rental Income: $616 Traditional Rental Income: $2181 Airbnb ROI: -0.9% Traditional ROI: 6.63%
2602 Vineyard Way #224 Memphis, IN Schuler Homes' Independence Floor plan with a finished, daylight BASEMENT! Plus, a $5,000 ...	4 beds \| 3 baths \| 2,250 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.19% Airbnb Rental Income: $null Traditional Rental Income: $2752 Airbnb ROI: N/A Traditional ROI: 5.19%
2600 Vineyard Way #223 Memphis, IN 4 Bedrooms, 3 FULL Baths, FINISHED basement, and 3 car garage in FAIRVIEW FARM! Sitting on...	4 beds \| 3 baths \| 2,452 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $2831 Airbnb ROI: N/A Traditional ROI: 4.66%
13953 Deer Run Trace lot: 405 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDERWe ar...	4 beds \| 3 baths \| 2,143 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 5.42%
13944 Deer Run Trace lot: 420 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDERWe ar...	3 beds \| 2 baths \| 1,504 sq.ft.	$309,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 5.32% Airbnb Rental Income: $616 Traditional Rental Income: $2181 Airbnb ROI: -1.05% Traditional ROI: 5.32%
13002 Sunset Drive Memphis, IN A MUST SEE in desirable Sunset Hills! This beautifully maintained 4-bedroom, 3-bath home o...	4 beds \| 3 baths \| 2,272 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.4% Airbnb Rental Income: $null Traditional Rental Income: $2742 Airbnb ROI: N/A Traditional ROI: 6.4%
1320 Ebenezer Church Road Memphis, IN Spacious 5BR/2.5BA classic brick ranch on 2.8 acres offering over 2,600 sq ft of living sp...	5 beds \| 3 baths \| 2,640 sq.ft.	$370,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2985 Airbnb ROI: N/A Traditional ROI: 6.78%
2611 Vineyard Way lot: 213 Memphis, IN One Time Listing	4 beds \| 3 baths \| 2,224 sq.ft.	$394,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $2766 Airbnb ROI: N/A Traditional ROI: 5.37%
2605 Vineyard Way #216 Memphis, IN 4 Bedrooms, 3 FULL Baths with a finished, rear WALKOUT lower level in FAIRVIEW FARM! Locat...	4 beds \| 3 baths \| 2,290 sq.ft.	$464,300	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $2778 Airbnb ROI: N/A Traditional ROI: 4.33%
2903 Glendale Court Memphis, IN Beautifully designed 4-bedroom, 3-full-bath home on a 1.16-acre lot backing up to woods, o...	4 beds \| 3 baths \| 2,682 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $2829 Airbnb ROI: N/A Traditional ROI: 4.23%

Real Estate investment in Memphis, IN

There are 40 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 $132. In May 2026, the average monthly cash on cash return in Memphis is 5.00%. The average monthly rental income in Memphis is $2,508.

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

There are 40 investment properties available for sale in Memphis.

In 2026, 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 $2,508.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, IN

2004 Derby Way

Memphis, IN

3 beds | 3 baths | 1,818 sq.ft.

$309,900

Airbnb cash on cash: -1.06%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $616

Traditional Rental Income: $2555

Airbnb ROI: -1.06%

Traditional ROI: 6.59%

833 Kings Court

Memphis, IN

3 beds | 2 baths | 1,563 sq.ft.

$329,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $616

Traditional Rental Income: $2242

Airbnb ROI: -1.1%

Traditional ROI: 5.08%

2030 Fairview Farm Drive #219

Memphis, IN

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

$319,900

Airbnb cash on cash: -1.15%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $616

Traditional Rental Income: $2207

Airbnb ROI: -1.15%

Traditional ROI: 5.1%

2616 Vineyard Way #231

Memphis, IN

3 beds | 2 baths | 1,390 sq.ft.

$299,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: 5.52%

Airbnb Rental Income: $616

Traditional Rental Income: $2196

Airbnb ROI: -1.1%

Traditional ROI: 5.52%

320 Fairview Road

Memphis, IN

2 beds | 1 baths | 1,472 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1716

Airbnb ROI: N/A

Traditional ROI: 4.69%

2028 Fairview Farm Drive #220

Memphis, IN

3 beds | 2 baths | 1,390 sq.ft.

$314,900

Airbnb cash on cash: -1.14%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $616

Traditional Rental Income: $2224

Airbnb ROI: -1.14%

Traditional ROI: 5.27%

2621 Vineyard Way #208

Memphis, IN

4 beds | 3 baths | 2,378 sq.ft.

$429,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2777

Airbnb ROI: N/A

Traditional ROI: 4.13%

1210 Sir Barton Court

Memphis, IN

5 beds | 3 baths | 2,846 sq.ft.

$374,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.27%

Airbnb Rental Income: $null

Traditional Rental Income: $2977

Airbnb ROI: N/A