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.

San Rafael Hill Investment Property for Sale in Merrillville, IN

Search for San Rafael Hill Investment Property for Sale in Merrillville, Indiana. Browse all of Mashvisor’s San Rafael Hill Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 57 San Rafael Hill Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4901 E 73rd Avenue Merrillville, IN This is a pristine corner lot RANCH, located in rural Hobart with a Merrillville address, ...	4 beds \| 2 baths \| 2,380 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.65% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 5.65%
6925 Broadway Merrillville, IN Welcome to this 4-bedroom, 1-bath home featuring a layout designed for comfortable everyda...	4 beds \| 1 baths \| 1,502 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $1656 Airbnb ROI: N/A Traditional ROI: 5.78%
12 Sunset Road Merrillville, IN Welcome home to this beautifully updated 3-bedroom, 1.5-bath ranch blending timeless charm...	3 beds \| 2 baths \| 1,200 sq.ft.	$242,000	Airbnb cash on cash: 4.33% Traditional cash on cash: 6.16% Airbnb Rental Income: $1947 Traditional Rental Income: $1851 Airbnb ROI: 4.33% Traditional ROI: 6.16%
2684 W 61st Avenue Merrillville, IN Step into cozy comfort with this beautifully updated 4-bedroom ranch with a finished basem...	4 beds \| 3 baths \| 1,850 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $2182 Airbnb ROI: N/A Traditional ROI: 6.02%
1811 W 86th Lane Merrillville, IN Welcome to this charming 3-bedroom, 2-bathroom home with an attached 2-car garage. Enjoy r...	3 beds \| 2 baths \| 1,696 sq.ft.	$276,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $1942 Airbnb ROI: N/A Traditional ROI: 5.41%
7804 Marshall Street Merrillville, IN Charming Ranch Home with Spacious Basement! This inviting ranch home is ready for you to m...	2 beds \| 2 baths \| 738 sq.ft.	$199,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.95% Airbnb Rental Income: $1239 Traditional Rental Income: $1378 Airbnb ROI: 2.13% Traditional ROI: 4.95%
6709 Jefferson Street Merrillville, IN 3 Bedroom Brick Ranch For Sale In Merrillville * Large Living Room * Separate Dining Area...	3 beds \| 1 baths \| 1,188 sq.ft.	$174,000	Airbnb cash on cash: 6.17% Traditional cash on cash: 6.8% Airbnb Rental Income: $1947 Traditional Rental Income: $1538 Airbnb ROI: 6.17% Traditional ROI: 6.8%
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.	$194,000	Airbnb cash on cash: 5.45% Traditional cash on cash: 5.58% Airbnb Rental Income: $1947 Traditional Rental Income: $1457 Airbnb ROI: 5.45% Traditional ROI: 5.58%
7710 Madison Street Merrillville, IN *LOOK NO MORELOCATIONLOCATION*LOCATION - SOUTHMOOR PARK - homes in this small ar...	3 beds \| 2 baths \| 1,751 sq.ft.	$300,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 5.22% Airbnb Rental Income: $1947 Traditional Rental Income: $2085 Airbnb ROI: 2.91% Traditional ROI: 5.22%
1741 W 86th Lane Merrillville, IN Well maintained 3BR/2BA duplex featuring an open concept layout, updated kitchen, new carp...	3 beds \| 2 baths \| 1,240 sq.ft.	$239,999	Airbnb cash on cash: 4.32% Traditional cash on cash: 4.49% Airbnb Rental Income: $1947 Traditional Rental Income: $1473 Airbnb ROI: 4.32% Traditional ROI: 4.49%
8602 Harrison Street Merrillville, IN Discover this inviting 3-bedroom, 2-bathroom townhome located in the desirable Deerfield C...	3 beds \| 2 baths \| 1,300 sq.ft.	$240,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 5.92% Airbnb Rental Income: $1947 Traditional Rental Income: $1857 Airbnb ROI: 4.06% Traditional ROI: 5.92%
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%
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: 3.12% Traditional cash on cash: 5.8% Airbnb Rental Income: $1947 Traditional Rental Income: $2301 Airbnb ROI: 3.12% Traditional ROI: 5.8%
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: 3.28% Traditional cash on cash: 5.46% Airbnb Rental Income: $1947 Traditional Rental Income: $2110 Airbnb ROI: 3.28% Traditional ROI: 5.46%
5888 Adams Street Merrillville, IN Modern Elegance Meets Everyday Comfort in a Prime Location! Nestled in a quiet, peaceful n...	3 beds \| 2 baths \| 2,160 sq.ft.	$314,500	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.89% Airbnb Rental Income: $1947 Traditional Rental Income: $2454 Airbnb ROI: 1.44% 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.	$269,700	Airbnb cash on cash: 3.86% Traditional cash on cash: 3.06% Airbnb Rental Income: $1947 Traditional Rental Income: $1231 Airbnb ROI: 3.86% Traditional ROI: 3.06%
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.	$300,780	Airbnb cash on cash: 1.58% Traditional cash on cash: 7.32% Airbnb Rental Income: $1239 Traditional Rental Income: $2468 Airbnb ROI: 1.58% Traditional ROI: 7.32%
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.	$279,415	Airbnb cash on cash: 1.77% Traditional cash on cash: 7.84% Airbnb Rental Income: $1239 Traditional Rental Income: $2442 Airbnb ROI: 1.77% Traditional ROI: 7.84%
42 Indian Trail Merrillville, IN Cozy 2 Bedroom Home For Sale In Merrillville * Large Living Room With Fireplace * Eat In...	2 beds \| 1 baths \| 834 sq.ft.	$149,900	Airbnb cash on cash: 2.87% Traditional cash on cash: 5.68% Airbnb Rental Income: $1239 Traditional Rental Income: $1246 Airbnb ROI: 2.87% Traditional ROI: 5.68%
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%
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%
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: 0.98% Traditional cash on cash: 6.35% Airbnb Rental Income: $1239 Traditional Rental Income: $2252 Airbnb ROI: 0.98% 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: 4.53% Traditional cash on cash: 8.73% Airbnb Rental Income: $1947 Traditional Rental Income: $2366 Airbnb ROI: 4.53% 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.	$214,900	Airbnb cash on cash: 4.86% Traditional cash on cash: 8.78% Airbnb Rental Income: $1947 Traditional Rental Income: $2233 Airbnb ROI: 4.86% Traditional ROI: 8.78%
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.	$239,330	Airbnb cash on cash: 3.99% Traditional cash on cash: 6.61% Airbnb Rental Income: $1947 Traditional Rental Income: $2026 Airbnb ROI: 3.99% Traditional ROI: 6.61%
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%
7705 Whitcomb Street Merrillville, IN This home is in need of some work but is priced to sell. 3 bedroom ranch home with full b...	3 beds \| 1 baths \| 1,120 sq.ft.	$145,000	Airbnb cash on cash: 7.62% Traditional cash on cash: 8.14% Airbnb Rental Income: $1947 Traditional Rental Income: $1507 Airbnb ROI: 7.62% Traditional ROI: 8.14%
2035 W 75th Place #21 Merrillville, IN Back on the market due to no fault of the seller! Immaculate 2-bed, 1.5 Bath Condo- Move-I...	2 beds \| 2 baths \| 1,040 sq.ft.	$171,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 7.55% Airbnb Rental Income: $1239 Traditional Rental Income: $1628 Airbnb ROI: 2.73% Traditional ROI: 7.55%
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.	$349,500	Airbnb cash on cash: 2.29% Traditional cash on cash: 6.13% Airbnb Rental Income: $1947 Traditional Rental Income: $2693 Airbnb ROI: 2.29% Traditional ROI: 6.13%
6077 Fillmore Place Merrillville, IN Priced to sell fast! This NEWER 3 bedroom 1 bathroom MOVE-IN READY RANCH HOME was BUILT I...	3 beds \| 1 baths \| 1,056 sq.ft.	$180,000	Airbnb cash on cash: 5.95% Traditional cash on cash: 6% Airbnb Rental Income: $1947 Traditional Rental Income: $1441 Airbnb ROI: 5.95% Traditional ROI: 6%
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 CAN'T BEAT THIS PRICE! This quality built, well maintained home offers 2,596 sq ft of exp...	4 beds \| 3 baths \| 2,596 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.83% Airbnb Rental Income: $null Traditional Rental Income: $2872 Airbnb ROI: N/A Traditional ROI: 5.83%
4101 W 67th 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: 3.26% Traditional cash on cash: 5.56% Airbnb Rental Income: $1947 Traditional Rental Income: $2149 Airbnb ROI: 3.26% Traditional ROI: 5.56%
622 E 92nd Avenue Merrillville, IN This beautiful 2 story townhome is a must see!! It offers over 2100 sq feet of living spa...	2 beds \| 2 baths \| 2,051 sq.ft.	$289,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 6.9% Airbnb Rental Income: $1239 Traditional Rental Income: $2507 Airbnb ROI: 0.78% Traditional ROI: 6.9%
7480 Williams Street Merrillville, IN *MOTIVATED SELLER* Welcome to this stunning 5 bedroom, 3.5 bath home with over 3,000 s...	5 beds \| 4 baths \| 3,765 sq.ft.	$480,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $3856 Airbnb ROI: N/A Traditional ROI: 6.46%
8235 Ellsworth Court Merrillville, IN Welcome to this adorable and well-maintained home featuring 2 spacious bedrooms and 2 full...	2 beds \| 2 baths \| 1,732 sq.ft.	$224,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 7.14% Airbnb Rental Income: $1239 Traditional Rental Income: $2001 Airbnb ROI: 1.68% Traditional ROI: 7.14%
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.	$274,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 6.68% Airbnb Rental Income: $1947 Traditional Rental Income: $2265 Airbnb ROI: 3.47% Traditional ROI: 6.68%
4127 W 76th Lane Merrillville, IN So much space to enjoy in this large, airy, and beautifully maintained home! Soaring ceil...	4 beds \| 4 baths \| 3,004 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.12% Airbnb Rental Income: $null Traditional Rental Income: $3421 Airbnb ROI: N/A Traditional ROI: 8.12%

Your search for investment property begins and ends here

San Rafael Hill Investment Property for Sale in Merrillville, IN

4901 E 73rd Avenue

Merrillville, IN

4 beds | 2 baths | 2,380 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.65%

Airbnb Rental Income: $null

Traditional Rental Income: $2463

Airbnb ROI: N/A

Traditional ROI: 5.65%

6925 Broadway

Merrillville, IN

4 beds | 1 baths | 1,502 sq.ft.

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1656

Airbnb ROI: N/A

Traditional ROI: 5.78%

12 Sunset Road

Merrillville, IN

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

$242,000

Airbnb cash on cash: 4.33%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $1947

Traditional Rental Income: $1851

Airbnb ROI: 4.33%

Traditional ROI: 6.16%

2684 W 61st Avenue

Merrillville, IN

4 beds | 3 baths | 1,850 sq.ft.

$279,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.02%

Airbnb Rental Income: $null

Traditional Rental Income: $2182

Airbnb ROI: N/A

Traditional ROI: 6.02%

1811 W 86th Lane

Merrillville, IN

3 beds | 2 baths | 1,696 sq.ft.

$276,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.41%

Airbnb Rental Income: $null

Traditional Rental Income: $1942

Airbnb ROI: N/A

Traditional ROI: 5.41%

7804 Marshall Street

Merrillville, IN

2 beds | 2 baths | 738 sq.ft.

$199,900

Airbnb cash on cash: 2.13%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1239

Traditional Rental Income: $1378

Airbnb ROI: 2.13%

Traditional ROI: 4.95%

6709 Jefferson Street

Merrillville, IN

3 beds | 1 baths | 1,188 sq.ft.

$174,000

Airbnb cash on cash: 6.17%

Traditional cash on cash: 6.8%

Airbnb Rental Income: $1947

Traditional Rental Income: $1538

Airbnb ROI: 6.17%

Traditional ROI: 6.8%

7714 Marshall Street

Merrillville, IN

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

$194,000

Airbnb cash on cash: 5.45%

Traditional cash on cash: 5.58%

Airbnb Rental Income: $1947

Traditional Rental Income: $1457

Airbnb ROI: 5.45%