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
5626 Massachusetts Street Merrillville, IN Welcome to your perfect starter home or investment property! This 1,536 sq. ft. two-story ...	3 beds \| 2 baths \| 1,536 sq.ft.	$199,900	Airbnb cash on cash: 8.71% Traditional cash on cash: 6.47% Airbnb Rental Income: $3018 Traditional Rental Income: $1901 Airbnb ROI: 8.71% Traditional ROI: 6.47%
4101 W 76th Avenue Merrillville, IN Welcome to your dream home in Merrillville! Nestled on a peaceful cul-de-sac in the sought...	3 beds \| 2 baths \| 1,797 sq.ft.	$265,000	Airbnb cash on cash: 7.04% Traditional cash on cash: 6.16% Airbnb Rental Income: $3018 Traditional Rental Income: $2106 Airbnb ROI: 7.04% Traditional ROI: 6.16%
3792 W 70th Lane Merrillville, IN Pride of Home Ownership! This beautifully updated End-Unit Townhome offers over 2,300 sqft...	3 beds \| 2 baths \| 2,312 sq.ft.	$289,900	Airbnb cash on cash: 6.46% Traditional cash on cash: 6.86% Airbnb Rental Income: $3018 Traditional Rental Income: $2435 Airbnb ROI: 6.46% Traditional ROI: 6.86%
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: 8.29% Traditional cash on cash: 5.81% Airbnb Rental Income: $3018 Traditional Rental Income: $1780 Airbnb ROI: 8.29% Traditional ROI: 5.81%
7275 Grant Street Merrillville, IN Stop renting now - a brand new Paired Villa is ready for you now in Savannah Cove! This th...	2 beds \| 2 baths \| 1,616 sq.ft.	$299,775	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.71% Airbnb Rental Income: $1140 Traditional Rental Income: $2236 Airbnb ROI: 0.48% Traditional ROI: 5.71%
8536 Florida Street Merrillville, IN New construction. Four bedroom, 2.5 bath two story with full look out basement. 10 x 10 de...	4 beds \| 3 baths \| 1,870 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $2533 Airbnb ROI: N/A Traditional ROI: 6.19%
8528 Florida Street Merrillville, IN New Construction - Quick Possession! Auburn II plan: 3-BR 2.5-BA 2-Story Layout - 1,680 fi...	3 beds \| 3 baths \| 1,680 sq.ft.	$343,900	Airbnb cash on cash: 5.88% Traditional cash on cash: 5.8% Airbnb Rental Income: $3018 Traditional Rental Income: $2301 Airbnb ROI: 5.88% Traditional ROI: 5.8%
5945 Harrison Street Merrillville, IN **Back on the market at NO fault of the seller. Discover this stunning 4-bedroom, 3-bath r...	4 beds \| 3 baths \| 2,600 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $2901 Airbnb ROI: N/A Traditional ROI: 6.7%
7455 Jennings 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.	$329,900	Airbnb cash on cash: 6.16% Traditional cash on cash: 5.46% Airbnb Rental Income: $3018 Traditional Rental Income: $2110 Airbnb ROI: 6.16% Traditional ROI: 5.46%
7465 Jennings Place Merrillville, IN Brand-New Ranch Home - Move-In Ready!Step into this beautifully built brand-new constructi...	3 beds \| 2 baths \| 1,478 sq.ft.	$329,900	Airbnb cash on cash: 6.14% Traditional cash on cash: 5.44% Airbnb Rental Income: $3018 Traditional Rental Income: $2110 Airbnb ROI: 6.14% Traditional ROI: 5.44%
7468 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.	$329,900	Airbnb cash on cash: 6.16% Traditional cash on cash: 5.46% Airbnb Rental Income: $3018 Traditional Rental Income: $2110 Airbnb ROI: 6.16% Traditional ROI: 5.46%
4019 W 76th Lane Merrillville, IN This tri-level home is located in Crescent Lake Subdivision. It boasts 3 bedrooms, 1 3/4 ...	3 beds \| 2 baths \| 1,760 sq.ft.	$240,000	Airbnb cash on cash: 8.02% Traditional cash on cash: 6.98% Airbnb Rental Income: $3018 Traditional Rental Income: $2090 Airbnb ROI: 8.02% Traditional ROI: 6.98%
5888 Adams Street Merrillville, IN Modern Elegance Meets Everyday Comfort in a Prime Location!Nestled in a quiet, peaceful ne...	3 beds \| 2 baths \| 2,160 sq.ft.	$314,500	Airbnb cash on cash: 4.45% Traditional cash on cash: 4.89% Airbnb Rental Income: $3018 Traditional Rental Income: $2454 Airbnb ROI: 4.45% Traditional ROI: 4.89%
6034 Harrison Street Merrillville, IN Welcome to this beautifully renovated 2-story masterpiece in the heart of Merrillville, In...	3 beds \| 2 baths \| 1,544 sq.ft.	$269,000	Airbnb cash on cash: 7.39% Traditional cash on cash: 3.07% Airbnb Rental Income: $3018 Traditional Rental Income: $1231 Airbnb ROI: 7.39% Traditional ROI: 3.07%
860 W 79th Avenue Merrillville, IN Ready-to-Build New Construction!Create the home you've always envisioned with this stunnin...	4 beds \| 2 baths \| 2,004 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $2565 Airbnb ROI: N/A Traditional ROI: 5.44%
7064 Grant Street Merrillville, IN Move-In Ready - The Monterey, a beautifully designed brand-new paired villa in the sought-...	2 beds \| 3 baths \| 1,616 sq.ft.	$305,370	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.19% Airbnb Rental Income: $1140 Traditional Rental Income: $2468 Airbnb ROI: 1.25% Traditional ROI: 7.19%
7084 Grant Street Merrillville, IN QUICK MOVE-IN!!!!Welcome to the Monterey at 7084 Grant St , a brand-new townhome designed ...	2 beds \| 3 baths \| 1,616 sq.ft.	$279,855	Airbnb cash on cash: 0.65% Traditional cash on cash: 7.02% Airbnb Rental Income: $1140 Traditional Rental Income: $2442 Airbnb ROI: 0.65% Traditional ROI: 7.02%
42 Indian Trail Merrillville, IN Charming 2-Bedroom Ranch with Fireplace & Easy Chicago Commute!Welcome to this well-mainta...	2 beds \| 1 baths \| 834 sq.ft.	$159,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.01% Airbnb Rental Income: $1140 Traditional Rental Income: $1246 Airbnb ROI: 1.83% Traditional ROI: 5.01%
8269 Johnson Street Merrillville, IN Welcome to this elegant and spacious 4-bedroom, 2-bath bi-level home in the desirable Sedo...	4 beds \| 2 baths \| 2,594 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 7.35%
4234 W 78th Avenue Merrillville, IN Welcome HOME! Do not miss this stunning CUSTOM-BUILT ranch located in a fantastic neighbor...	3 beds \| 2 baths \| 1,870 sq.ft.	$390,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 4.59% Airbnb Rental Income: $3018 Traditional Rental Income: $2435 Airbnb ROI: 4.29% Traditional ROI: 4.59%
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.	$299,900	Airbnb cash on cash: 6.52% Traditional cash on cash: 5.28% Airbnb Rental Income: $3018 Traditional Rental Income: $1976 Airbnb ROI: 6.52% Traditional ROI: 5.28%
7195 Grant Street Merrillville, IN *Under Construction* Discover the charm of paired villa living at 7195 Grant Street i...	2 beds \| 3 baths \| 1,760 sq.ft.	$305,160	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.82% Airbnb Rental Income: $1140 Traditional Rental Income: $2593 Airbnb ROI: 0.44% Traditional ROI: 6.82%
7105 Grant Street Merrillville, IN *To Be Built* Welcome to 7105 Grant Street, home to the elegant Camellia Model--a thou...	2 beds \| 2 baths \| 1,613 sq.ft.	$278,035	Airbnb cash on cash: 0.66% Traditional cash on cash: 6.35% Airbnb Rental Income: $1140 Traditional Rental Income: $2252 Airbnb ROI: 0.66% Traditional ROI: 6.35%
6425 Rhode Island Street Merrillville, IN Charming 3-bedroom, 1.5-bath ranch home situated on a spacious corner lot with mature tree...	3 beds \| 2 baths \| 2,352 sq.ft.	$235,000	Airbnb cash on cash: 8.55% Traditional cash on cash: 8.73% Airbnb Rental Income: $3018 Traditional Rental Income: $2366 Airbnb ROI: 8.55% Traditional ROI: 8.73%
5400 Georgia Street Merrillville, IN ORIGINAL OWNER!!! ALL brick 3 bedroom, 1.5 bath ranch with basement and attached 2 car ga...	3 beds \| 2 baths \| 1,925 sq.ft.	$219,900	Airbnb cash on cash: 9.01% Traditional cash on cash: 8.57% Airbnb Rental Income: $3018 Traditional Rental Income: $2233 Airbnb ROI: 9.01% Traditional ROI: 8.57%
691 W 77Th Avenue Merrillville, IN This contemporary Ranch style villa offers 3 bedrooms, 2 bathrooms, with approximately 158...	3 beds \| 2 baths \| 1,580 sq.ft.	$241,960	Airbnb cash on cash: 7.84% Traditional cash on cash: 6.52% Airbnb Rental Income: $3018 Traditional Rental Income: $2026 Airbnb ROI: 7.84% Traditional ROI: 6.52%
8124 Rutledge Street Merrillville, IN Newly Remodeled 3 bedroom 1 bath home! BEAUTIFUL ALL NEW KITCHEN!! Fully remodeled bathroo...	3 beds \| 1 baths \| 2,472 sq.ft.	$239,900	Airbnb cash on cash: 8.34% Traditional cash on cash: 5.45% Airbnb Rental Income: $3018 Traditional Rental Income: $1671 Airbnb ROI: 8.34% Traditional ROI: 5.45%
5835 Roosevelt Street Merrillville, IN Truly One-of-a-Kind All-Brick Ranch with Incredible Basement Living Space and Private Entr...	3 beds \| 2 baths \| 2,132 sq.ft.	$277,000	Airbnb cash on cash: 7.04% Traditional cash on cash: 5.67% Airbnb Rental Income: $3018 Traditional Rental Income: $1968 Airbnb ROI: 7.04% Traditional ROI: 5.67%
1519 W 72nd Place Merrillville, IN *To Be Built* Welcome to The Azalea! A beautifully designed ranch-style paired villa l...	3 beds \| 2 baths \| 1,469 sq.ft.	$263,945	Airbnb cash on cash: 7.08% Traditional cash on cash: 6.28% Airbnb Rental Income: $3018 Traditional Rental Income: $2127 Airbnb ROI: 7.08% Traditional ROI: 6.28%
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.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $1907 Airbnb ROI: N/A Traditional ROI: 4.93%
6001 Cleveland Circle Merrillville, IN Motivated seller! Check out this spacious family home situated on a beautiful one-acre lot...	3 beds \| 3 baths \| 2,352 sq.ft.	$288,999	Airbnb cash on cash: 6.53% Traditional cash on cash: 8.46% Airbnb Rental Income: $3018 Traditional Rental Income: $2850 Airbnb ROI: 6.53% Traditional ROI: 8.46%
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.	$171,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 7.55% Airbnb Rental Income: $1140 Traditional Rental Income: $1628 Airbnb ROI: 2.23% Traditional ROI: 7.55%
6870 Wallace Street Merrillville, IN Welcome to 6780 Wallace Street -- where modern comfort meets timeless convenience.Built in...	4 beds \| 3 baths \| 2,128 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.73% Airbnb Rental Income: $null Traditional Rental Income: $2900 Airbnb ROI: N/A Traditional ROI: 5.73%
1480 W 82nd Place Merrillville, IN This 3-bedroom, 3-bath beauty blends timeless character with modern updates in a way buyer...	3 beds \| 3 baths \| 2,730 sq.ft.	$354,949	Airbnb cash on cash: 4.92% Traditional cash on cash: 6.02% Airbnb Rental Income: $3018 Traditional Rental Income: $2693 Airbnb ROI: 4.92% Traditional ROI: 6.02%
7931 Marshall Place Merrillville, IN PREPARE TO FALL IN LOVE!! Absolutely Gorgeous 3 bedroom 2 bath ranch home! BEAUTIFUL ALL N...	3 beds \| 2 baths \| 1,155 sq.ft.	$237,500	Airbnb cash on cash: 7.8% Traditional cash on cash: 4.99% Airbnb Rental Income: $3018 Traditional Rental Income: $1694 Airbnb ROI: 7.8% Traditional ROI: 4.99%
5951 Hayes Place Merrillville, IN WELCOME, WELCOME, WELCOME HOME!!! This beautiful one level living brick ranch is inviting ...	3 beds \| 1 baths \| 1,487 sq.ft.	$269,900	Airbnb cash on cash: 7.31% Traditional cash on cash: 4.44% Airbnb Rental Income: $3018 Traditional Rental Income: $1596 Airbnb ROI: 7.31% Traditional ROI: 4.44%
921 W 56th Place Merrillville, IN PREPARE TO FALL IN LOVE!! Absolutely Gorgeous 4 bedroom 2 bath ranch home! BEAUTIFUL KITCH...	4 beds \| 2 baths \| 2,722 sq.ft.	$293,800	Airbnb cash on cash: N/A Traditional cash on cash: 7.38% Airbnb Rental Income: $null Traditional Rental Income: $2543 Airbnb ROI: N/A Traditional ROI: 7.38%
521 E 53rd Avenue Merrillville, IN "COME ON MAKE THIS BRICK HOUSE YOU CHOICE" This 4 bedroom 3 bath offers unlimited Potentia...	4 beds \| 3 baths \| 3,468 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.59% Airbnb Rental Income: $null Traditional Rental Income: $2974 Airbnb ROI: N/A Traditional ROI: 10.59%
2697 W 85th Avenue Merrillville, IN This quality built, well maintained home offers 2,596 sq ft of expansive living space feat...	4 beds \| 3 baths \| 2,596 sq.ft.	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $2872 Airbnb ROI: N/A Traditional ROI: 5.33%
4001 W 68th Avenue Merrillville, IN Split bedroom open concept ranch plan with great room in center, Owner's suite on one end ...	3 beds \| 2 baths \| 1,535 sq.ft.	$329,900	Airbnb cash on cash: 6.14% Traditional cash on cash: 5.56% Airbnb Rental Income: $3018 Traditional Rental Income: $2149 Airbnb ROI: 6.14% Traditional ROI: 5.56%

Real Estate investment in Merrillville, IN

There are 52 properties for sale in the city of Merrillville . The median list price in Merrillville is $279,000 and the average price per square foot is $147. In October 2025, the average monthly cash on cash return in Merrillville is 6.00%. The average monthly rental income in Merrillville is $2,233.

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

There are 52 investment properties available for sale in Merrillville.

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

The ROI for Short-Term is higher than the Long-Term in Merrillville with average rental income of $3,018.

Your search for investment property begins and ends here

Investment Property for Sale in Merrillville, IN

5626 Massachusetts Street

Merrillville, IN

3 beds | 2 baths | 1,536 sq.ft.

$199,900

Airbnb cash on cash: 8.71%

Traditional cash on cash: 6.47%

Airbnb Rental Income: $3018

Traditional Rental Income: $1901

Airbnb ROI: 8.71%

Traditional ROI: 6.47%

4101 W 76th Avenue

Merrillville, IN

3 beds | 2 baths | 1,797 sq.ft.

$265,000

Airbnb cash on cash: 7.04%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $3018

Traditional Rental Income: $2106

Airbnb ROI: 7.04%

Traditional ROI: 6.16%

3792 W 70th Lane

Merrillville, IN

3 beds | 2 baths | 2,312 sq.ft.

$289,900

Airbnb cash on cash: 6.46%

Traditional cash on cash: 6.86%

Airbnb Rental Income: $3018

Traditional Rental Income: $2435

Airbnb ROI: 6.46%

Traditional ROI: 6.86%

816 W 67TH LN

Merrillville, IN

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

$233,000

Airbnb cash on cash: 8.29%

Traditional cash on cash: 5.81%

Airbnb Rental Income: $3018

Traditional Rental Income: $1780

Airbnb ROI: 8.29%

Traditional ROI: 5.81%

7275 Grant Street

Merrillville, IN

2 beds | 2 baths | 1,616 sq.ft.

$299,775

Airbnb cash on cash: 0.48%

Traditional cash on cash: 5.71%

Airbnb Rental Income: $1140

Traditional Rental Income: $2236

Airbnb ROI: 0.48%

Traditional ROI: 5.71%

8536 Florida Street

Merrillville, IN

4 beds | 3 baths | 1,870 sq.ft.

$359,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2533

Airbnb ROI: N/A

Traditional ROI: 6.19%

8528 Florida Street

Merrillville, IN

3 beds | 3 baths | 1,680 sq.ft.

$343,900

Airbnb cash on cash: 5.88%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $3018

Traditional Rental Income: $2301

Airbnb ROI: 5.88%

Traditional ROI: 5.8%

5945 Harrison Street

Merrillville, IN

4 beds | 3 baths | 2,600 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2901

Airbnb ROI: N/A