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
6318 Garfield Street Merrillville, IN 4 bedroom reverse bi-level home situated on almost a HALF ACRE in Brookwood Subdivision ne...	4 beds \| 2 baths \| 2,132 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.91% Airbnb Rental Income: $null Traditional Rental Income: $2186 Airbnb ROI: N/A Traditional ROI: 6.91%
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: N/A Traditional cash on cash: 5.85% Airbnb Rental Income: $null Traditional Rental Income: $2979 Airbnb ROI: N/A 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: 3.15% Traditional cash on cash: 5.39% Airbnb Rental Income: $1206 Traditional Rental Income: $1126 Airbnb ROI: 3.15% Traditional ROI: 5.39%
2600 W 59th Place Merrillville, IN Welcome home to this beautifully maintained 4-bedroom, 2.5-bath 1.5-story home in Merrillv...	4 beds \| 3 baths \| 2,118 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.36% Airbnb Rental Income: $null Traditional Rental Income: $2580 Airbnb ROI: N/A Traditional ROI: 5.36%
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: 3.35% Traditional cash on cash: 5.9% Airbnb Rental Income: $1438 Traditional Rental Income: $1457 Airbnb ROI: 3.35% Traditional ROI: 5.9%
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: 1.23% Traditional cash on cash: 6.08% Airbnb Rental Income: $1206 Traditional Rental Income: $1579 Airbnb ROI: 1.23% 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: 0.66% Traditional cash on cash: 4.53% Airbnb Rental Income: $1438 Traditional Rental Income: $1977 Airbnb ROI: 0.66% Traditional ROI: 4.53%
276 W 68th Place Merrillville, IN Absolutely Gorgeous 4 Bedroom 2 Bath open concept ranch style home with a HUGE living room...	4 beds \| 2 baths \| 3,464 sq.ft.	$339,800	Airbnb cash on cash: N/A Traditional cash on cash: 6.69% Airbnb Rental Income: $null Traditional Rental Income: $2829 Airbnb ROI: N/A Traditional ROI: 6.69%
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.	$207,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 6.12% Airbnb Rental Income: $1438 Traditional Rental Income: $1550 Airbnb ROI: 3.36% Traditional ROI: 6.12%
7701 Whitcomb Street Merrillville, IN Move-in ready ranch offering 4 bedrooms, 1.5 baths, and a finished basement! The spacious ...	4 beds \| 2 baths \| 1,749 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 7.23%
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: 2.32% Traditional cash on cash: 5.81% Airbnb Rental Income: $1438 Traditional Rental Income: $1780 Airbnb ROI: 2.32% 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.	$232,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 4.94% Airbnb Rental Income: $1438 Traditional Rental Income: $1577 Airbnb ROI: 2.35% Traditional ROI: 4.94%
5770 Jackson Street Merrillville, IN Beautifully updated and move-in ready, this charming 4-bedroom, 2-bath home offers the per...	5 beds \| 2 baths \| 1,550 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6% Airbnb Rental Income: $null Traditional Rental Income: $1952 Airbnb ROI: N/A Traditional ROI: 6%
7808 Wright Street Merrillville, IN Motivated seller and priced to move! This nearly new 3 bedroom, 2 bathroom home offers 1,5...	3 beds \| 2 baths \| 1,550 sq.ft.	$269,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 5.51% Airbnb Rental Income: $1438 Traditional Rental Income: $2022 Airbnb ROI: 1.53% Traditional ROI: 5.51%
6856 Van Buren Street Merrillville, IN Absolutely Gorgeous 3 Bedroom 1Bath ranch style home with a large living room and dining r...	3 beds \| 1 baths \| 1,128 sq.ft.	$245,000	Airbnb cash on cash: 2.34% Traditional cash on cash: 5.22% Airbnb Rental Income: $1438 Traditional Rental Income: $1676 Airbnb ROI: 2.34% Traditional ROI: 5.22%
7456 Wilson Place Merrillville, IN Brand-New Ranch Home - Move-In Ready! Step into this beautifully built brand-new construct...	3 beds \| 2 baths \| 1,478 sq.ft.	$328,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 5.5% Airbnb Rental Income: $1438 Traditional Rental Income: $2110 Airbnb ROI: 1.94% Traditional ROI: 5.5%
621 E 52nd Avenue Merrillville, IN Beautifully Redone Home with Private Primary Suite, Quartz Kitchen, New HVAC, New Deck & H...	4 beds \| 2 baths \| 2,420 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.68% Airbnb Rental Income: $null Traditional Rental Income: $1856 Airbnb ROI: N/A Traditional ROI: 4.68%
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: 1.96% Traditional cash on cash: 5.5% Airbnb Rental Income: $1438 Traditional Rental Income: $1976 Airbnb ROI: 1.96% Traditional ROI: 5.5%
2035 W 75th Place #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.	$160,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 8.12% Airbnb Rental Income: $1206 Traditional Rental Income: $1628 Airbnb ROI: 2.8% Traditional ROI: 8.12%
7185 Grant Street Merrillville, IN *To Be Built* The Monterey, a 3 bedroom, 2.5 bath paired villa that offers the perfect...	3 beds \| 3 baths \| 1,616 sq.ft.	$292,705	Airbnb cash on cash: 2.25% Traditional cash on cash: 7.21% Airbnb Rental Income: $1438 Traditional Rental Income: $2377 Airbnb ROI: 2.25% Traditional ROI: 7.21%
54 Indian Trail Merrillville, IN Welcome home to this beautifully renovated and distinctive ranch-style home showcasing 4 s...	4 beds \| 2 baths \| 2,266 sq.ft.	$354,700	Airbnb cash on cash: N/A Traditional cash on cash: 2.62% Airbnb Rental Income: $null Traditional Rental Income: $1452 Airbnb ROI: N/A Traditional ROI: 2.62%
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.	$309,900	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.95% Airbnb Rental Income: $1438 Traditional Rental Income: $2373 Airbnb ROI: 1.27% Traditional ROI: 5.95%
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.	$328,500	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.84% Airbnb Rental Income: $1438 Traditional Rental Income: $2158 Airbnb ROI: 1.12% Traditional ROI: 4.84%
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: 2.17% Traditional cash on cash: 4.72% Airbnb Rental Income: $1438 Traditional Rental Income: $1645 Airbnb ROI: 2.17% 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: N/A Traditional cash on cash: 4.82% Airbnb Rental Income: $null Traditional Rental Income: $1966 Airbnb ROI: N/A Traditional ROI: 4.82%
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: 2.24% Traditional cash on cash: 6.52% Airbnb Rental Income: $1438 Traditional Rental Income: $2213 Airbnb ROI: 2.24% 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 \| 1,760 sq.ft.	$293,375	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.23% Airbnb Rental Income: $1438 Traditional Rental Income: $2119 Airbnb ROI: 2.21% Traditional ROI: 6.23%
8613 Van Buren Street Merrillville, IN ESTATE SALE! MOTIVATED SELLER-- Let's make a deal! SUNNY, SERENE & SIMPLY LOVELY!! Welcome...	3 beds \| 2 baths \| 1,534 sq.ft.	$234,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 6.4% Airbnb Rental Income: $1438 Traditional Rental Income: $1906 Airbnb ROI: 2.36% Traditional ROI: 6.4%
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: 1.73% Traditional cash on cash: 3.08% Airbnb Rental Income: $1438 Traditional Rental Income: $1328 Airbnb ROI: 1.73% Traditional ROI: 3.08%
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: 1.52% Traditional cash on cash: 8.08% Airbnb Rental Income: $1438 Traditional Rental Income: $2856 Airbnb ROI: 1.52% Traditional ROI: 8.08%
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: 1.79% Traditional cash on cash: 7.47% Airbnb Rental Income: $1206 Traditional Rental Income: $2268 Airbnb ROI: 1.79% Traditional ROI: 7.47%
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: 1.61% Traditional cash on cash: 5.75% Airbnb Rental Income: $1206 Traditional Rental Income: $1950 Airbnb ROI: 1.61% 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.	$288,815	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.33% Airbnb Rental Income: $1206 Traditional Rental Income: $1824 Airbnb ROI: 1.63% Traditional ROI: 5.33%
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: 1.56% Traditional cash on cash: 5.44% Airbnb Rental Income: $1438 Traditional Rental Income: $1907 Airbnb ROI: 1.56% Traditional ROI: 5.44%
2800 E 73rd Avenue Merrillville, IN Welcome to this charming 2-bedroom, 1.5 bath home situated on just under an acre in Merril...	2 beds \| 2 baths \| 1,764 sq.ft.	$239,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.63% Airbnb Rental Income: $1206 Traditional Rental Income: $1884 Airbnb ROI: 0.92% Traditional ROI: 5.63%
2394 W 61st Place Merrillville, IN Attention investors and flippers! Major value-add opportunity in an area with 300K+ comps....	3 beds \| 2 baths \| 2,288 sq.ft.	$189,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.94% Airbnb Rental Income: $1438 Traditional Rental Income: $1859 Airbnb ROI: 2.21% Traditional ROI: 6.94%
1205 W 84th Lane Merrillville, IN Welcome home to this beautifully designed 2 bedroom, 2 bath ranch townhouse offering the p...	2 beds \| 2 baths \| 1,530 sq.ft.	$249,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.87% Airbnb Rental Income: $1206 Traditional Rental Income: $1923 Airbnb ROI: 1.18% Traditional ROI: 5.87%
7106 Johnson Street Merrillville, IN Welcome to 7106 Johnson St, a beautifully designed new construction Azalea model located i...	3 beds \| 2 baths \| 1,469 sq.ft.	$282,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 6.38% Airbnb Rental Income: $1438 Traditional Rental Income: $2064 Airbnb ROI: 2.42% Traditional ROI: 6.38%

Real Estate investment in Merrillville, IN

There are 69 properties for sale in the city of Merrillville . The median list price in Merrillville is $252,370 and the average price per square foot is $145. In June 2026, the average monthly cash on cash return in Merrillville is 6.00%. The average monthly rental income in Merrillville is $1,994.

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

There are 69 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 $1,994.

Your search for investment property begins and ends here

Investment Property for Sale in Merrillville, IN

6318 Garfield Street

Merrillville, IN

4 beds | 2 baths | 2,132 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.91%

Airbnb Rental Income: $null

Traditional Rental Income: $2186

Airbnb ROI: N/A

Traditional ROI: 6.91%

4259 W 77th Place

Merrillville, IN

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

$400,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.85%

Airbnb Rental Income: $null

Traditional Rental Income: $2979

Airbnb ROI: N/A

Traditional ROI: 5.85%

6081 Pennsylvania Drive

Merrillville, IN

2 beds | 1 baths | 957 sq.ft.

$145,000

Airbnb cash on cash: 3.15%

Traditional cash on cash: 5.39%

Airbnb Rental Income: $1206

Traditional Rental Income: $1126

Airbnb ROI: 3.15%

Traditional ROI: 5.39%

2600 W 59th Place

Merrillville, IN

4 beds | 3 baths | 2,118 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2580

Airbnb ROI: N/A

Traditional ROI: 5.36%

7714 Marshall Street

Merrillville, IN

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

$184,900

Airbnb cash on cash: 3.35%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1438

Traditional Rental Income: $1457

Airbnb ROI: 3.35%

Traditional ROI: 5.9%

2009 W 75th Place

Merrillville, IN

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

$165,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 6.08%

Airbnb Rental Income: $1206

Traditional Rental Income: $1579

Airbnb ROI: 1.23%

Traditional ROI: 6.08%

7351 Buchanan Street

Merrillville, IN

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

$265,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $1438

Traditional Rental Income: $1977

Airbnb ROI: 0.66%

Traditional ROI: 4.53%

276 W 68th Place

Merrillville, IN

4 beds | 2 baths | 3,464 sq.ft.

$339,800

Airbnb cash on cash: N/A

Traditional cash on cash: 6.69%

Airbnb Rental Income: $null

Traditional Rental Income: $2829

Airbnb ROI: N/A