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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5345 Johnson Street Merrillville, IN Welcome home to this wonderfully maintained 3-bedroom, 1.5-bath property featuring beautif...	3 beds \| 2 baths \| 2,580 sq.ft.	$287,750	Airbnb cash on cash: 3.43% Traditional cash on cash: 6.33% Airbnb Rental Income: $1947 Traditional Rental Income: $2222 Airbnb ROI: 3.43% Traditional ROI: 6.33%
7829 Whitcomb Street Merrillville, IN Beautifully maintained and ideally located, this charming residence at 7829 Whitcomb Stree...	4 beds \| 1 baths \| 1,886 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.69% Airbnb Rental Income: $null Traditional Rental Income: $1593 Airbnb ROI: N/A Traditional ROI: 4.69%
7804 Marshall Street Merrillville, IN Charming Ranch Home with Spacious Basement! This inviting ranch home is ready for you to m...	5 beds \| 2 baths \| 1,476 sq.ft.	$198,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.98% Airbnb Rental Income: $null Traditional Rental Income: $1378 Airbnb ROI: N/A Traditional ROI: 4.98%
6810 Van Buren Street Merrillville, IN Attention First-Time BuyersAvailable with as little as 8,750 Down for those that quali...	3 beds \| 2 baths \| 2,128 sq.ft.	$249,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 6.9% Airbnb Rental Income: $1947 Traditional Rental Income: $2148 Airbnb ROI: 3.87% Traditional ROI: 6.9%
7714 Marshall Street Merrillville, IN Welcome home! This charming 3-bedroom, 1-bath ranch in the heart of Merrillville offers co...	3 beds \| 1 baths \| 1,110 sq.ft.	$184,900	Airbnb cash on cash: 5.76% Traditional cash on cash: 5.9% Airbnb Rental Income: $1947 Traditional Rental Income: $1457 Airbnb ROI: 5.76% Traditional ROI: 5.9%
7350 Madison Street Merrillville, IN VERY MOTIVATED SELLER, Remodeled in 2022, This 4 bedroom, 2 bathroom home features a pleth...	4 beds \| 2 baths \| 1,872 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $2138 Airbnb ROI: N/A Traditional ROI: 6.23%
2799 W 84th Lane Merrillville, IN Pride of ownership shows in this well maintained Half Duplex that's MOVE-IN-READY. One of ...	3 beds \| 3 baths \| 2,918 sq.ft.	$349,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 5.62% Airbnb Rental Income: $1947 Traditional Rental Income: $2610 Airbnb ROI: 2.04% Traditional ROI: 5.62%
816 W 67TH LN Merrillville, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 1.5 baths \| 1,676 sq.ft.	$233,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 5.81% Airbnb Rental Income: $1947 Traditional Rental Income: $1780 Airbnb ROI: 4.24% Traditional ROI: 5.81%
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.	$236,000	Airbnb cash on cash: 4.2% Traditional cash on cash: 4.84% Airbnb Rental Income: $1947 Traditional Rental Income: $1577 Airbnb ROI: 4.2% Traditional ROI: 4.84%
2933 79th Place W Merrillville, IN WELCOME HOME!!!! A little bit of love, nature and privacy in the Town of Merrillville is t...	3 beds \| 2 baths \| 1,537 sq.ft.	$289,900	Airbnb cash on cash: 3.51% Traditional cash on cash: 5.5% Airbnb Rental Income: $1947 Traditional Rental Income: $1976 Airbnb ROI: 3.51% Traditional ROI: 5.5%
691 W 77th Avenue Merrillville, IN Discover comfort, convenience, and room to make it your own in this 3-bedroom, 2-bath dupl...	3 beds \| 2 baths \| 1,650 sq.ft.	$255,000	Airbnb cash on cash: 3.69% Traditional cash on cash: 6.15% Airbnb Rental Income: $1947 Traditional Rental Income: $2026 Airbnb ROI: 3.69% Traditional ROI: 6.15%
2310 W 73rd Avenue Merrillville, IN Fully renovated and move-in ready Cape Cod-style home on nearly half an acre! This 4-bedro...	4 beds \| 2 baths \| 2,184 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $1907 Airbnb ROI: N/A Traditional ROI: 5.03%
2035 W 75th Place unit: 21 #21 Merrillville, IN Immaculate 2-bed, 1.5 Bath Condo- Move-In Ready and located in highly sought after Brookst...	2 beds \| 2 baths \| 1,040 sq.ft.	$165,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 7.85% Airbnb Rental Income: $1239 Traditional Rental Income: $1628 Airbnb ROI: 2.87% Traditional ROI: 7.85%
6777 Polk Street Merrillville, IN Spacious 2,080SF bilevel home in the heart of Turkey Creek, ready for its next owners! Sit...	3 beds \| 2 baths \| 2,080 sq.ft.	$274,400	Airbnb cash on cash: 3.48% Traditional cash on cash: 6.7% Airbnb Rental Income: $1947 Traditional Rental Income: $2265 Airbnb ROI: 3.48% Traditional ROI: 6.7%
400 E 52nd Avenue Merrillville, IN Beautifully Updated 3-Bedroom Brick Ranch in Peaceful, Established Neighborhood This maint...	3 beds \| 2 baths \| 1,317 sq.ft.	$234,999	Airbnb cash on cash: 4.21% Traditional cash on cash: 5.84% Airbnb Rental Income: $1947 Traditional Rental Income: $1796 Airbnb ROI: 4.21% Traditional ROI: 5.84%
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.	$324,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 5.63% Airbnb Rental Income: $1947 Traditional Rental Income: $2373 Airbnb ROI: 2.55% Traditional ROI: 5.63%
7111 Mississippi Street Merrillville, IN Welcome home to this beautifully updated 1.5-story Cape Cod set on an incredible 5-acre pr...	3 beds \| 2 baths \| 1,914 sq.ft.	$310,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 5.69% Airbnb Rental Income: $1947 Traditional Rental Income: $2191 Airbnb ROI: 3.1% Traditional ROI: 5.69%
8228 Rutledge Street Merrillville, IN CLEAN, MOVE_IN READY 3-bedroom, 1.5-bath tri-level in Merrillville with features that are ...	3 beds \| 2 baths \| 1,623 sq.ft.	$279,000	Airbnb cash on cash: 3% Traditional cash on cash: 4.84% Airbnb Rental Income: $1947 Traditional Rental Income: $1919 Airbnb ROI: 3% Traditional ROI: 4.84%
2009 W 75th Place W unit: 35 #35 Merrillville, IN Beautiful, spacious 2 BD 2BA condo on third floor in the desirable Brookstone complex (bld...	2 beds \| 2 baths \| 1,320 sq.ft.	$164,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 8% Airbnb Rental Income: $1239 Traditional Rental Income: $1669 Airbnb ROI: 2.72% Traditional ROI: 8%
7400 Clark Road Merrillville, IN Welcome to this stunning 1.5 Story masterpiece nestled in the heart of Merrillville, India...	5 beds \| 3 baths \| 1,900 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.25% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 4.25%
919 W 69th Place Merrillville, IN Time to get excited! This beautifully finished home offers a highly desirable 5-bedroom la...	5 beds \| 2 baths \| 1,728 sq.ft.	$292,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.18% Airbnb Rental Income: $null Traditional Rental Income: $2219 Airbnb ROI: N/A Traditional ROI: 6.18%
6813 Tyler Street Merrillville, IN 3 Bedroom 1.5 Bath Home For Sale In Merrillville * Large Living Room * Separate Dining Are...	3 beds \| 2 baths \| 1,440 sq.ft.	$149,900	Airbnb cash on cash: 6.55% Traditional cash on cash: 8.84% Airbnb Rental Income: $1947 Traditional Rental Income: $1762 Airbnb ROI: 6.55% Traditional ROI: 8.84%
6701 Madison Street Merrillville, IN LUXURY MAIN LEVEL MASTER SUIT with walk-in closet and stunning bathroom!! Kitchen comes wi...	3 beds \| 2 baths \| 1,400 sq.ft.	$249,999	Airbnb cash on cash: 3.64% Traditional cash on cash: 4.99% Airbnb Rental Income: $1947 Traditional Rental Income: $1752 Airbnb ROI: 3.64% Traditional ROI: 4.99%
3614 W 79th Place Merrillville, IN Welcome Home!! Don't miss your chance to own this spacious ranch home in the desirable Lin...	3 beds \| 2 baths \| 1,323 sq.ft.	$234,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 5.31% Airbnb Rental Income: $1947 Traditional Rental Income: $1659 Airbnb ROI: 4.3% Traditional ROI: 5.31%
2023 W 75th unit: 22 #22 Merrillville, IN Well maintained 2 beds 2 baths condo featuring 1,260 square feet of living space. This sec...	2 beds \| 2 baths \| 1,260 sq.ft.	$164,900	Airbnb cash on cash: 3.21% Traditional cash on cash: 8.34% Airbnb Rental Income: $1239 Traditional Rental Income: $1650 Airbnb ROI: 3.21% Traditional ROI: 8.34%
7485 Clark Street Merrillville, IN Located in the highly desirable Creekwood Crossing neighborhood, this beautifully designed...	4 beds \| 3 baths \| 3,201 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $2794 Airbnb ROI: N/A Traditional ROI: 4.46%
8214 Lincoln Circle unit: C #C Merrillville, IN Step inside to discover an inviting open-concept layout flooded with natural light, where ...	2 beds \| 2 baths \| 1,097 sq.ft.	$163,500	Airbnb cash on cash: 3.42% Traditional cash on cash: 8.23% Airbnb Rental Income: $1239 Traditional Rental Income: $1594 Airbnb ROI: 3.42% Traditional ROI: 8.23%
7128 Johnson Street Merrillville, IN Imagine waking up in a sun-filled home designed for comfort, space, and modern living AND ...	3 beds \| 3 baths \| 1,616 sq.ft.	$298,025	Airbnb cash on cash: 3.75% Traditional cash on cash: 6.52% Airbnb Rental Income: $1947 Traditional Rental Income: $2213 Airbnb ROI: 3.75% Traditional ROI: 6.52%
7108 Johnson Street Merrillville, IN Some homes feel like a fresh start the moment you imagine living in them, this is one of t...	3 beds \| 2 baths \| 1,613 sq.ft.	$288,425	Airbnb cash on cash: 3.9% Traditional cash on cash: 6.42% Airbnb Rental Income: $1947 Traditional Rental Income: $2119 Airbnb ROI: 3.9% Traditional ROI: 6.42%
5418 Georgia Street Merrillville, IN All-brick ranch offering over 2,200 square feet of living space with 3 bedrooms and 2 bath...	3 beds \| 2 baths \| 1,737 sq.ft.	$184,500	Airbnb cash on cash: 5.95% Traditional cash on cash: 9.39% Airbnb Rental Income: $1947 Traditional Rental Income: $2037 Airbnb ROI: 5.95% Traditional ROI: 9.39%
8613 Van Buren Street Merrillville, IN SUNNY, SERENE & SIMPLY LOVELY!! Welcome home to this enchanting 3 bedroom patio home fille...	3 beds \| 2 baths \| 1,534 sq.ft.	$249,900	Airbnb cash on cash: 3.99% Traditional cash on cash: 5.99% Airbnb Rental Income: $1947 Traditional Rental Income: $1906 Airbnb ROI: 3.99% Traditional ROI: 5.99%
2955 W 74th Avenue Merrillville, IN This well-maintained 4-bedroom, 1.5-bath home offers over 1,500 finished square feet and a...	4 beds \| 2 baths \| 1,560 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.07% Airbnb Rental Income: $null Traditional Rental Income: $2019 Airbnb ROI: N/A Traditional ROI: 7.07%
6927 Delaware Street Merrillville, IN 3 Bedroom Home For Sale In Merrillville * Large Living Room * Eat-In Kitchen * Huge Family...	3 beds \| 1 baths \| 1,940 sq.ft.	$129,900	Airbnb cash on cash: 9% Traditional cash on cash: 9.41% Airbnb Rental Income: $1947 Traditional Rental Income: $1485 Airbnb ROI: 9% Traditional ROI: 9.41%
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.	$258,900	Airbnb cash on cash: 3.4% Traditional cash on cash: 2.97% Airbnb Rental Income: $1947 Traditional Rental Income: $1328 Airbnb ROI: 3.4% Traditional ROI: 2.97%
2001 W 64th Place Merrillville, IN Endless potential awaits in this spacious brick ranch offering over 3,000 sq. ft. of main ...	3 beds \| 3 baths \| 3,161 sq.ft.	$299,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 8.13% Airbnb Rental Income: $1947 Traditional Rental Income: $2856 Airbnb ROI: 3.07% Traditional ROI: 8.13%
2807 W 63rd Lane Merrillville, IN Extensively renovated with significant interior, exterior and mechanical updates, this 3-b...	3 beds \| 2 baths \| 1,600 sq.ft.	$335,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 4.23% Airbnb Rental Income: $1947 Traditional Rental Income: $1895 Airbnb ROI: 2.76% Traditional ROI: 4.23%
7696 Jackson Street Merrillville, IN Welcome to 7696 Jackson! Opportunity meets comfort in this beautifully maintained duplex t...	2 beds \| 2 baths \| 1,259 sq.ft.	$240,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 5.72% Airbnb Rental Income: $1239 Traditional Rental Income: $1803 Airbnb ROI: 1.49% Traditional ROI: 5.72%
7126 Johnson Street Merrillville, IN *Under Construction* New construction opportunity in Savannah Cove with buyer selectio...	2 beds \| 3 baths \| 1,616 sq.ft.	$271,075	Airbnb cash on cash: 1.9% Traditional cash on cash: 7.47% Airbnb Rental Income: $1239 Traditional Rental Income: $2268 Airbnb ROI: 1.9% Traditional ROI: 7.47%
7078 Johnson Street Merrillville, IN *To Be Built* The wait is finally over!!! The Magnolia floor plan returns to Savannah ...	2 beds \| 2 baths \| 1,292 sq.ft.	$287,835	Airbnb cash on cash: 1.74% Traditional cash on cash: 5.82% Airbnb Rental Income: $1239 Traditional Rental Income: $1950 Airbnb ROI: 1.74% Traditional ROI: 5.82%
7076 Johnson Street Merrillville, IN *To Be Buit* Introducing the Dogwood at Savannah Cove, a new construction paired villa...	2 beds \| 2 baths \| 1,292 sq.ft.	$283,835	Airbnb cash on cash: 1.77% Traditional cash on cash: 5.44% Airbnb Rental Income: $1239 Traditional Rental Income: $1824 Airbnb ROI: 1.77% Traditional ROI: 5.44%

Real Estate investment in Merrillville, IN

There are 67 properties for sale in the city of Merrillville . The median list price in Merrillville is $258,900 and the average price per square foot is $156. In March 2026, the average monthly cash on cash return in Merrillville is 6.00%. The average monthly rental income in Merrillville is $1,919.

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

There are 67 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 $1,919.

Your search for investment property begins and ends here

Investment Property for Sale in Merrillville, IN

5345 Johnson Street

Merrillville, IN

3 beds | 2 baths | 2,580 sq.ft.

$287,750

Airbnb cash on cash: 3.43%

Traditional cash on cash: 6.33%

Airbnb Rental Income: $1947

Traditional Rental Income: $2222

Airbnb ROI: 3.43%

Traditional ROI: 6.33%

7829 Whitcomb Street

Merrillville, IN

4 beds | 1 baths | 1,886 sq.ft.

$255,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1593

Airbnb ROI: N/A

Traditional ROI: 4.69%

7804 Marshall Street

Merrillville, IN

5 beds | 2 baths | 1,476 sq.ft.

$198,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.98%

Airbnb Rental Income: $null

Traditional Rental Income: $1378

Airbnb ROI: N/A

Traditional ROI: 4.98%

6810 Van Buren Street

Merrillville, IN

3 beds | 2 baths | 2,128 sq.ft.

$249,900

Airbnb cash on cash: 3.87%

Traditional cash on cash: 6.9%

Airbnb Rental Income: $1947

Traditional Rental Income: $2148

Airbnb ROI: 3.87%

Traditional ROI: 6.9%

7714 Marshall Street

Merrillville, IN

3 beds | 1 baths | 1,110 sq.ft.

$184,900

Airbnb cash on cash: 5.76%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1947

Traditional Rental Income: $1457

Airbnb ROI: 5.76%

Traditional ROI: 5.9%

7350 Madison Street

Merrillville, IN

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

$270,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.23%

Airbnb Rental Income: $null

Traditional Rental Income: $2138

Airbnb ROI: N/A

Traditional ROI: 6.23%

2799 W 84th Lane

Merrillville, IN

3 beds | 3 baths | 2,918 sq.ft.

$349,900

Airbnb cash on cash: 2.04%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1947

Traditional Rental Income: $2610

Airbnb ROI: 2.04%

Traditional ROI: 5.62%

816 W 67TH LN

Merrillville, IN

3 beds | 1.5 baths | 1,676 sq.ft.

$233,000

Airbnb cash on cash: 4.24%

Traditional cash on cash: 5.81%

Airbnb Rental Income: $1947

Traditional Rental Income: $1780

Airbnb ROI: 4.24%