Real Estate Investment Properties for Sale in Merrillville, IN

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4259 W 77th Place Merrillville, IN Don't miss this opportunity to own a beautiful two-story home located in the desirable Fox...	4 beds \| 3 baths \| 2,288 sq.ft.	$400,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 5.85% Airbnb Rental Income: $2291 Traditional Rental Income: $2979 Airbnb ROI: 2.49% Traditional ROI: 5.85%
6081 Pennsylvania Drive Merrillville, IN Charming 2-bedroom townhouse offering comfort and convenience! This cozy home features som...	2 beds \| 1 baths \| 957 sq.ft.	$145,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 5.39% Airbnb Rental Income: $1068 Traditional Rental Income: $1126 Airbnb ROI: 2.33% Traditional ROI: 5.39%
7562 Montana Street Merrillville, IN Welcome to this beautifully updated and affordable 3-bedroom, 1.5-bath ranch that perfectl...	3 beds \| 2 baths \| 1,568 sq.ft.	$220,000	Airbnb cash on cash: 3.41% Traditional cash on cash: 7.38% Airbnb Rental Income: $1625 Traditional Rental Income: $1992 Airbnb ROI: 3.41% Traditional ROI: 7.38%
4401 W 73rd Court Merrillville, IN This charming Ranch Home is move-in ready and waiting for its new Owner! The spacious, ope...	2 beds \| 2 baths \| 1,376 sq.ft.	$259,900	Airbnb cash on cash: 0.79% Traditional cash on cash: 5.35% Airbnb Rental Income: $1068 Traditional Rental Income: $1820 Airbnb ROI: 0.79% Traditional ROI: 5.35%
2009 W 75th Place Merrillville, IN Welcome to this beautifully maintained 2-bedroom, 2-bathroom condo offering comfort, conve...	2 beds \| 2 baths \| 1,200 sq.ft.	$165,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 6.08% Airbnb Rental Income: $1068 Traditional Rental Income: $1579 Airbnb ROI: 0.5% Traditional ROI: 6.08%
7351 Buchanan Street Merrillville, IN Estate Sale! Come tour this nearly new all brick 3bed 2 full bath ranch! This home sits on...	3 beds \| 2 baths \| 1,604 sq.ft.	$265,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 4.53% Airbnb Rental Income: $1625 Traditional Rental Income: $1977 Airbnb ROI: 1.28% Traditional ROI: 4.53%
6995 Madison Street Merrillville, IN Charming Updated Ranch with Spacious Finished Basement & Huge Yard Move-in ready ranch wit...	3 beds \| 1 baths \| 1,395 sq.ft.	$209,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 6.05% Airbnb Rental Income: $1625 Traditional Rental Income: $1550 Airbnb ROI: 4.11% Traditional ROI: 6.05%
5420 Marcella Road Merrillville, IN Beautifully updated ranch offering modern finishes and effortless one-level living in the ...	4 beds \| 1 baths \| 1,464 sq.ft.	$270,000	Airbnb cash on cash: 4.67% Traditional cash on cash: 4.25% Airbnb Rental Income: $2291 Traditional Rental Income: $1614 Airbnb ROI: 4.67% Traditional ROI: 4.25%
1850 W 58th Place Merrillville, IN This wonderful home is ready for its new owners! The roof is approximately 7 years old, th...	3 beds \| 1 baths \| 1,333 sq.ft.	$232,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 4.94% Airbnb Rental Income: $1625 Traditional Rental Income: $1577 Airbnb ROI: 3.06% Traditional ROI: 4.94%
6187 Cleveland Street Merrillville, IN This home has been brought back to life! Charming 3- bedroom, 1 bath home located on a spa...	3 beds \| 1 baths \| 1,800 sq.ft.	$249,900	Airbnb cash on cash: 2.88% Traditional cash on cash: 5.59% Airbnb Rental Income: $1625 Traditional Rental Income: $1806 Airbnb ROI: 2.88% Traditional ROI: 5.59%
3782 W 70th Place Merrillville, IN Beautifully built bi level townhouse--move in ready. Upper level features a spacious livin...	3 beds \| 2 baths \| 2,292 sq.ft.	$302,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 6.1% Airbnb Rental Income: $1625 Traditional Rental Income: $2373 Airbnb ROI: 1.87% Traditional ROI: 6.1%
8652 Madison Street Merrillville, IN Beautiful ranch paired villa offering effortless main-level living and modern convenience....	3 beds \| 2 baths \| 1,733 sq.ft.	$324,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 4.92% Airbnb Rental Income: $1625 Traditional Rental Income: $2158 Airbnb ROI: 1.67% Traditional ROI: 4.92%
1107 W 62nd Place Merrillville, IN Welcome to this beautifully refreshed and charming 4-bedroom, 1-bath residence, ideally si...	3 beds \| 1 baths \| 2,028 sq.ft.	$263,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 4.72% Airbnb Rental Income: $1625 Traditional Rental Income: $1645 Airbnb ROI: 2.79% Traditional ROI: 4.72%
1000 W 54th Avenue Merrillville, IN BEAUTIFULLY REMODELED RANCH! This home is move-in ready! As you enter the home, you'll not...	4 beds \| 2 baths \| 1,610 sq.ft.	$287,500	Airbnb cash on cash: 3.92% Traditional cash on cash: 4.82% Airbnb Rental Income: $2291 Traditional Rental Income: $1966 Airbnb ROI: 3.92% Traditional ROI: 4.82%
622 E 54th Avenue Merrillville, IN A CLASSIC BEAUTY ! This STUNNING open concept ranch has been meticulously updated ! It fea...	3 beds \| 1 baths \| 1,177 sq.ft.	$249,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 3.08% Airbnb Rental Income: $1625 Traditional Rental Income: $1328 Airbnb ROI: 2.39% Traditional ROI: 3.08%
7078 Johnson Street Merrillville, IN *Now Under Construction* The wait is finally over!!! The Magnolia floor plan returns t...	2 beds \| 2 baths \| 1,292 sq.ft.	$290,885	Airbnb cash on cash: 1.19% Traditional cash on cash: 5.75% Airbnb Rental Income: $1068 Traditional Rental Income: $1950 Airbnb ROI: 1.19% Traditional ROI: 5.75%
7076 Johnson Street Merrillville, IN *Under Construction* Introducing the Dogwood at Savannah Cove, a new construction pair...	2 beds \| 2 baths \| 1,292 sq.ft.	$294,885	Airbnb cash on cash: 1.16% Traditional cash on cash: 5.2% Airbnb Rental Income: $1068 Traditional Rental Income: $1824 Airbnb ROI: 1.16% Traditional ROI: 5.2%
3446 E 69th Avenue Merrillville, IN Seller is motivated. Maintained half duplex offering the convenience of one level living. ...	3 beds \| 2 baths \| 1,440 sq.ft.	$245,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.44% Airbnb Rental Income: $1625 Traditional Rental Income: $1907 Airbnb ROI: 2.23% Traditional ROI: 5.44%
6040 Virginia Street Merrillville, IN Welcome home to your newly updated 3 bedroom townhouse. What's to love about this home? We...	3 beds \| 2 baths \| 1,392 sq.ft.	$165,000	Airbnb cash on cash: 5.53% Traditional cash on cash: 10.8% Airbnb Rental Income: $1625 Traditional Rental Income: $1994 Airbnb ROI: 5.53% Traditional ROI: 10.8%
1000 E 61st Place Merrillville, IN This inviting brick home is located on a cul-de-sac, has an attached garage and almost 1/2...	3 beds \| 2 baths \| 1,240 sq.ft.	$146,000	Airbnb cash on cash: 5.93% Traditional cash on cash: 9.97% Airbnb Rental Income: $1625 Traditional Rental Income: $1729 Airbnb ROI: 5.93% Traditional ROI: 9.97%
7083 Johnson Street Merrillville, IN **To Be Built* Welcome to this beautifully designed Azalea model in the sought after S...	2 beds \| 2 baths \| 1,469 sq.ft.	$278,685	Airbnb cash on cash: 1.28% Traditional cash on cash: 6.68% Airbnb Rental Income: $1068 Traditional Rental Income: $2119 Airbnb ROI: 1.28% Traditional ROI: 6.68%
5377 Cleveland Lane Merrillville, IN Three bedroom ranch home with a large eat in kitchen. Summer is here and the sun room is t...	3 beds \| 1 baths \| 1,152 sq.ft.	$180,000	Airbnb cash on cash: 4.21% Traditional cash on cash: 6.17% Airbnb Rental Income: $1625 Traditional Rental Income: $1502 Airbnb ROI: 4.21% Traditional ROI: 6.17%
6089 Maryland Street Merrillville, IN Welcome to easy, one-level living in this affordable 2-bedroom, 1-bath townhome located in...	2 beds \| 1 baths \| 891 sq.ft.	$129,999	Airbnb cash on cash: 2.3% Traditional cash on cash: 5.57% Airbnb Rental Income: $1068 Traditional Rental Income: $1109 Airbnb ROI: 2.3% Traditional ROI: 5.57%
5429 Dexter Drive Merrillville, IN Fantastic opportunity to own this brick Ranch! This property offers 3 bedrooms, 2 full bat...	3 beds \| 3 baths \| 3,166 sq.ft.	$244,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 9.23% Airbnb Rental Income: $1625 Traditional Rental Income: $2718 Airbnb ROI: 2.52% Traditional ROI: 9.23%
981 W 69th Place Merrillville, IN Bring your vision to life. This 5 bed 2 bath tri-level is waiting for you. Located close t...	3 beds \| 2 baths \| 1,598 sq.ft.	$199,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 9.09% Airbnb Rental Income: $1625 Traditional Rental Income: $2124 Airbnb ROI: 4.01% Traditional ROI: 9.09%
8389 Buchanan Street Merrillville, IN Welcome to your new home in the highly sought-after Sedona subdivision! This beautifully m...	4 beds \| 3 baths \| 1,834 sq.ft.	$345,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 5.14% Airbnb Rental Income: $2291 Traditional Rental Income: $2318 Airbnb ROI: 3.3% Traditional ROI: 5.14%
7096 Johnson Street Merrillville, IN *Under Construction with an October delivery* Welcome to Savannah Cove, where low-main...	3 beds \| 3 baths \| 1,596 sq.ft.	$276,270	Airbnb cash on cash: 3.08% Traditional cash on cash: 7.74% Airbnb Rental Income: $1625 Traditional Rental Income: $2377 Airbnb ROI: 3.08% Traditional ROI: 7.74%
7098 Johnson Street Merrillville, IN *Under Construction with an October delivery* Welcome to Savannah Cove's popular Monte...	3 beds \| 3 baths \| 1,596 sq.ft.	$284,905	Airbnb cash on cash: 2.96% Traditional cash on cash: 6.99% Airbnb Rental Income: $1625 Traditional Rental Income: $2247 Airbnb ROI: 2.96% Traditional ROI: 6.99%
2454 E 68th Avenue Merrillville, IN Welcome home to this beautifully maintained 2-story townhome offering the perfect blend of...	3 beds \| 3 baths \| 1,444 sq.ft.	$262,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 6.05% Airbnb Rental Income: $1625 Traditional Rental Income: $2060 Airbnb ROI: 2.43% Traditional ROI: 6.05%
2034 W 75th Place #42 Merrillville, IN MOVE IN READY - BROOKSTONE NORTH - CARLTON MODEL - 1,478- 1,511 SQ.FT.** 2 BED/2 BATH Expe...	2 beds \| 2 baths \| 1,511 sq.ft.	$257,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 7.16% Airbnb Rental Income: $1068 Traditional Rental Income: $2084 Airbnb ROI: 1.46% Traditional ROI: 7.16%
2034 W 75th Place #32 Merrillville, IN MOVE IN READY - BROOKSTONE NORTH - CARLTON MODEL - 1,478- 1,511 SQ.FT.** 2 BED/2 BATH Expe...	2 beds \| 2 baths \| 1,511 sq.ft.	$255,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 6.31% Airbnb Rental Income: $1068 Traditional Rental Income: $2084 Airbnb ROI: 0.56% Traditional ROI: 6.31%
8240 Dylan Drive Merrillville, IN ALMOST COMPLETE !The Expanded Marian raised ranch located in new Liberty Estates subdivisi...	5 beds \| 3 baths \| 4,230 sq.ft.	$446,700	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $3043 Airbnb ROI: N/A Traditional ROI: 6.04%
8302 Dylan Drive Merrillville, IN New Construction ALMOST COMPLETE , THE JULIANNE MODEL, OFFERS 4 BEDS, 3 BATHS, PLUS AN UNF...	4 beds \| 3 baths \| 2,502 sq.ft.	$461,400	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.47% Airbnb Rental Income: $2291 Traditional Rental Income: $2891 Airbnb ROI: 2.76% Traditional ROI: 5.47%
2034 W 75th Place #38 Merrillville, IN MOVE IN READY - BROOKSTONE NORTH - DARLINGTON MODEL - 1,608 SQ.FT. 3 BED/2 BATH Experience...	3 beds \| 2 baths \| 1,608 sq.ft.	$267,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 5.74% Airbnb Rental Income: $1625 Traditional Rental Income: $2084 Airbnb ROI: 2.09% Traditional ROI: 5.74%
2034 W 75th Place #31 Merrillville, IN MOVE IN READY - BROOKSTONE NORTH -ARLINGTON MODEL - 1,501 SQ.FT. 2 BED/2 BATH Experience l...	2 beds \| 2 baths \| 1,501 sq.ft.	$255,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 6.23% Airbnb Rental Income: $1068 Traditional Rental Income: $2076 Airbnb ROI: 0.51% Traditional ROI: 6.23%
3008 W 82nd Place Merrillville, IN JUST FINISHED , THE JULIANNE MODEL, OFFERS 4 BEDS, 3 BATHS, PLUS AN UNFINISHED BASEMENT, i...	4 beds \| 3 baths \| 2,502 sq.ft.	$453,500	Airbnb cash on cash: 2.82% Traditional cash on cash: 5.58% Airbnb Rental Income: $2291 Traditional Rental Income: $2891 Airbnb ROI: 2.82% Traditional ROI: 5.58%
8241 Dylan Drive Merrillville, IN NEWLY COMPLETED , The ASHLEY MODEL, 4 bedrooms, 2.5 baths, full basement on a partially wo...	4 beds \| 3 baths \| 2,200 sq.ft.	$424,800	Airbnb cash on cash: 3.08% Traditional cash on cash: 5.75% Airbnb Rental Income: $2291 Traditional Rental Income: $2783 Airbnb ROI: 3.08% Traditional ROI: 5.75%
8247 Dylan Drive Merrillville, IN NOW NEWLY COMPLETE, THE LOUISE MODEL, in new Liberty Estates Subdivision on partially wood...	3 beds \| 3 baths \| 2,200 sq.ft.	$424,500	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.33% Airbnb Rental Income: $1625 Traditional Rental Income: $1819 Airbnb ROI: 1.69% Traditional ROI: 3.33%
3022 W 84th Place Merrillville, IN NEWLY COMPLETE, The MARIAN MODEL 2450sf, 4 BEDS 2.5 BATHS IN THE NEW LIBERTY ESTATES SUBDI...	4 beds \| 3 baths \| 2,450 sq.ft.	$404,900	Airbnb cash on cash: 3.28% Traditional cash on cash: 6.36% Airbnb Rental Income: $2291 Traditional Rental Income: $2891 Airbnb ROI: 3.28% Traditional ROI: 6.36%
3023 W 82nd Place Merrillville, IN Thesenewly constructed homes are almost complete and offers 5 bedrooms, 2 bathrooms, and a...	5 beds \| 2 baths \| 2,600 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $2874 Airbnb ROI: N/A Traditional ROI: 6.17%

Real Estate investment in Merrillville, IN

There are 116 properties for sale in the city of Merrillville . The median list price in Merrillville is $259,295 and the average price per square foot is $144. In September 2026, the average monthly cash on cash return in Merrillville is 6.00%. The average monthly rental income in Merrillville is $2,062.

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

There are 116 investment properties available for sale in Merrillville.

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

The ROI for Long-Term is higher than the Short-Term in Merrillville with average rental income of $2,062.

Your search for investment property begins and ends here

Investment Property for Sale in Merrillville, IN

4259 W 77th Place

Merrillville, IN

4 beds | 3 baths | 2,288 sq.ft.

$400,000

Airbnb cash on cash: 2.49%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $2291

Traditional Rental Income: $2979

Airbnb ROI: 2.49%

Traditional ROI: 5.85%

6081 Pennsylvania Drive

Merrillville, IN

2 beds | 1 baths | 957 sq.ft.

$145,000

Airbnb cash on cash: 2.33%

Traditional cash on cash: 5.39%

Airbnb Rental Income: $1068

Traditional Rental Income: $1126

Airbnb ROI: 2.33%

Traditional ROI: 5.39%

7562 Montana Street

Merrillville, IN

3 beds | 2 baths | 1,568 sq.ft.

$220,000

Airbnb cash on cash: 3.41%

Traditional cash on cash: 7.38%

Airbnb Rental Income: $1625

Traditional Rental Income: $1992

Airbnb ROI: 3.41%

Traditional ROI: 7.38%

4401 W 73rd Court

Merrillville, IN

2 beds | 2 baths | 1,376 sq.ft.

$259,900

Airbnb cash on cash: 0.79%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $1068

Traditional Rental Income: $1820

Airbnb ROI: 0.79%

Traditional ROI: 5.35%

2009 W 75th Place

Merrillville, IN

2 beds | 2 baths | 1,200 sq.ft.

$165,000

Airbnb cash on cash: 0.5%

Traditional cash on cash: 6.08%

Airbnb Rental Income: $1068

Traditional Rental Income: $1579

Airbnb ROI: 0.5%

Traditional ROI: 6.08%

7351 Buchanan Street

Merrillville, IN

3 beds | 2 baths | 1,604 sq.ft.

$265,000

Airbnb cash on cash: 1.28%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $1625

Traditional Rental Income: $1977

Airbnb ROI: 1.28%

Traditional ROI: 4.53%

6995 Madison Street

Merrillville, IN

3 beds | 1 baths | 1,395 sq.ft.

$209,000

Airbnb cash on cash: 4.11%

Traditional cash on cash: 6.05%

Airbnb Rental Income: $1625

Traditional Rental Income: $1550

Airbnb ROI: 4.11%

Traditional ROI: 6.05%

5420 Marcella Road

Merrillville, IN

4 beds | 1 baths | 1,464 sq.ft.

$270,000

Airbnb cash on cash: 4.67%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $2291

Traditional Rental Income: $1614

Airbnb ROI: 4.67%