Real Estate Investment Properties for Sale in New Albany, IN

Looking for investment property in New Albany, IN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
212 Village Pine Drive New Albany, IN 3 Bedroom, 2 Bathroom Home for Sale in New Albany, Southern Indiana - 212 Village Pine Dri...	3 beds \| 2 baths \| 1,176 sq.ft.	$225,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.88% Airbnb Rental Income: $1045 Traditional Rental Income: $1467 Airbnb ROI: 1.2% Traditional ROI: 4.88%
1672 Garretson Lane New Albany, IN Charming story and a half home, conveniently located next to everything! This inviting pro...	3 beds \| 2 baths \| 1,656 sq.ft.	$249,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 5.78% Airbnb Rental Income: $1045 Traditional Rental Income: $1827 Airbnb ROI: 0.93% Traditional ROI: 5.78%
1505 E Oak Street New Albany, IN Charming and fully updated 3-bedroom, 2-bath home that perfectly blends original character...	3 beds \| 2 baths \| 1,312 sq.ft.	$199,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 6.47% Airbnb Rental Income: $1045 Traditional Rental Income: $1556 Airbnb ROI: 1.84% Traditional ROI: 6.47%
203 Lancaster Circle New Albany, IN Tucked away on a quiet cul-de-sac, this 4-bedroom, 3-bath home offers 2,720 square feet an...	4 beds \| 3 baths \| 2,720 sq.ft.	$295,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 6.94% Airbnb Rental Income: $1728 Traditional Rental Income: $2523 Airbnb ROI: 2.37% Traditional ROI: 6.94%
2116 Palmer Court New Albany, IN Cul-de-sac lot - check, brick ranch - check, fence yard - check, covered front porch - als...	3 beds \| 1 baths \| 1,025 sq.ft.	$179,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.67% Airbnb Rental Income: $1045 Traditional Rental Income: $1188 Airbnb ROI: 0.71% Traditional ROI: 3.67%
2408 Lyon Lane New Albany, IN This beautiful home is totally updated throughout. Start in the kitchen with updated cabin...	3 beds \| 1 baths \| 1,176 sq.ft.	$229,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 3.08% Airbnb Rental Income: $1045 Traditional Rental Income: $1137 Airbnb ROI: 0.99% Traditional ROI: 3.08%
826 East 8th Street New Albany, IN This one is a hidden gem. Tucked in New Albanyâs Margaret Loughrey neighborhood, this ch...	2 beds \| 1 baths \| 1,042 sq.ft.	$179,900	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.6% Airbnb Rental Income: $1040 Traditional Rental Income: $1171 Airbnb ROI: 1.72% Traditional ROI: 4.6%
3828 Payne Koehler Road New Albany, IN Attention builders and investors! This property offers incredible potential in a highly de...	4 beds \| 3 baths \| 3,634 sq.ft.	$820,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.03% Airbnb Rental Income: $1728 Traditional Rental Income: $2627 Airbnb ROI: 0.23% Traditional ROI: 2.03%
1343 Beeler Street New Albany, IN MOVE-IN READY!! This adorable home has been completely updated and renovated! Improvements...	2 beds \| 1 baths \| 1,824 sq.ft.	$159,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 5.54% Airbnb Rental Income: $1040 Traditional Rental Income: $1208 Airbnb ROI: 2.07% Traditional ROI: 5.54%
2420 Stover Drive New Albany, IN The moment you walk through the door, you are greeted by a warm, wood-burning fireplace wi...	3 beds \| 2 baths \| 1,324 sq.ft.	$237,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.49% Airbnb Rental Income: $1045 Traditional Rental Income: $1518 Airbnb ROI: 0.77% Traditional ROI: 4.49%
714 Mure De Ronce Drive New Albany, IN Tucked into the highly sought after BLACKBERRY RIDGE community with open space and scenic ...	4 beds \| 3 baths \| 3,256 sq.ft.	$450,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.53% Airbnb Rental Income: $1728 Traditional Rental Income: $2243 Airbnb ROI: 1.17% Traditional ROI: 3.53%
2122 WILLARD AVE New Albany, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 1 baths \| 1,288 sq.ft.	$204,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 5.44% Airbnb Rental Income: $1045 Traditional Rental Income: $1391 Airbnb ROI: 1.78% Traditional ROI: 5.44%
4304 Jeffers Drive New Albany, IN Welcome home to 4304 Jeffers Drive! This beautifully maintained 1.5-story residence in the...	4 beds \| 2 baths \| 2,376 sq.ft.	$285,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 6.86% Airbnb Rental Income: $1728 Traditional Rental Income: $2380 Airbnb ROI: 2.66% Traditional ROI: 6.86%
626 Maple Lane New Albany, IN Welcome to this inviting residence located in the established Silver Hills neighborhood. F...	2 beds \| 2 baths \| 2,286 sq.ft.	$359,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 5.78% Airbnb Rental Income: $1040 Traditional Rental Income: $2536 Airbnb ROI: 0.26% Traditional ROI: 5.78%
1633 Old Ford Road New Albany, IN Opportunities like this are getting harder and harder to find-nearly 1 acre in the heart o...	3 beds \| 2 baths \| 1,818 sq.ft.	$330,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.3% Airbnb Rental Income: $1045 Traditional Rental Income: $1902 Airbnb ROI: 0.37% Traditional ROI: 4.3%
4834 Ashbury Drive New Albany, IN Here is your opportunity to enjoy the ease of low-maintenance living in a prime location. ...	2 beds \| 2 baths \| 1,645 sq.ft.	$319,999	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.37% Airbnb Rental Income: $1040 Traditional Rental Income: $1652 Airbnb ROI: 0.13% Traditional ROI: 3.37%
1401 E Oak Street New Albany, IN Updated home for sale in downtown New Albany, Indiana, investment opportunity with tenant ...	2 beds \| 2 baths \| 1,327 sq.ft.	$220,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 4.13% Airbnb Rental Income: $1040 Traditional Rental Income: $1260 Airbnb ROI: 1.33% Traditional ROI: 4.13%
2106 Beeler Street New Albany, IN Darling and pristine, this beautifully maintained & fully updated 2-bedroom home sits on t...	2 beds \| 1 baths \| 1,083 sq.ft.	$189,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 4.27% Airbnb Rental Income: $1040 Traditional Rental Income: $1106 Airbnb ROI: 1.9% Traditional ROI: 4.27%
1110 State Street New Albany, IN 4 bedroom (1 non-conforming), 1.5 bath home in the heart of New Albany! This functional pr...	3 beds \| 2 baths \| 1,457 sq.ft.	$155,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 6.72% Airbnb Rental Income: $1045 Traditional Rental Income: $1380 Airbnb ROI: 2.01% Traditional ROI: 6.72%
1825 Conservative Street New Albany, IN Well-maintained 3-bedroom, 2-bath home in a prime New Albany location just minutes from ev...	3 beds \| 2 baths \| 1,248 sq.ft.	$214,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 5.49% Airbnb Rental Income: $1045 Traditional Rental Income: $1674 Airbnb ROI: 0.62% Traditional ROI: 5.49%
604 Roseview Terrace New Albany, IN Welcome home to this beautifully updated 4-bedroom, 2-bath gem in New Albany! This move-in...	4 beds \| 2 baths \| 1,750 sq.ft.	$289,900	Airbnb cash on cash: 2.91% Traditional cash on cash: 4.03% Airbnb Rental Income: $1728 Traditional Rental Income: $1556 Airbnb ROI: 2.91% Traditional ROI: 4.03%
602 E 8th Street New Albany, IN Fresh, stylish, and completely move-in ready-this beautifully updated 2 bed, 2 bath home o...	2 beds \| 2 baths \| 1,220 sq.ft.	$199,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.93% Airbnb Rental Income: $1040 Traditional Rental Income: $1173 Airbnb ROI: 1.31% Traditional ROI: 3.93%
2534 Charlestown Road #11 New Albany, IN Well-maintained condo offering low-maintenance living with easy access to Downtown New Alb...	2 beds \| 3 baths \| 1,254 sq.ft.	$234,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.88% Airbnb Rental Income: $1040 Traditional Rental Income: $1485 Airbnb ROI: 0.25% Traditional ROI: 3.88%
710 Victoria Court New Albany, IN Charming and affordable condo in the heart of New Albany! This freshly painted 2-bedroom, ...	2 beds \| 1 baths \| 760 sq.ft.	$120,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 6.68% Airbnb Rental Income: $1040 Traditional Rental Income: $1067 Airbnb ROI: 3.32% Traditional ROI: 6.68%
1340 Beeler Street New Albany, IN Great opportunity for investors! Nice size home with great cash flow opportunity at this p...	1 beds \| 1 baths \| 780 sq.ft.	$69,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 11.7% Airbnb Rental Income: $547 Traditional Rental Income: $1061 Airbnb ROI: 0.25% Traditional ROI: 11.7%
245 Silver Street New Albany, IN Welcome home to this fully renovated 3 bedroom, 2 bathroom gem in the heart of New Albany,...	3 beds \| 2 baths \| 1,180 sq.ft.	$199,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.69% Airbnb Rental Income: $1045 Traditional Rental Income: $1413 Airbnb ROI: 1.83% Traditional ROI: 5.69%
810 Katie Ln (Lot 10) New Albany, IN Welcome to The Willows of Autumn Grove! BRAND NEW Section, LUXURY, LOW MAINTENANCE Patio H...	4 beds \| 4 baths \| 3,097 sq.ft.	$529,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 3.7% Airbnb Rental Income: $1728 Traditional Rental Income: $2907 Airbnb ROI: 0.36% Traditional ROI: 3.7%
4105 Stone Place New Albany, IN PRICED TO MOVE - SELLERS WANT ACTION! Recently reduced to $285,000, this Sunset Manor home...	5 beds \| 2 baths \| 1,456 sq.ft.	$274,900	Airbnb cash on cash: 2.97% Traditional cash on cash: 5.09% Airbnb Rental Income: $1705 Traditional Rental Income: $1782 Airbnb ROI: 2.97% Traditional ROI: 5.09%
5456 State Road 111 New Albany, IN Looking for River front property? This is it! 1.52 Acres with small apartment for weekend ...	1 beds \| 2 baths \| N/A	$99,900	Airbnb cash on cash: -0.83% Traditional cash on cash: 9.19% Airbnb Rental Income: $547 Traditional Rental Income: $1240 Airbnb ROI: -0.83% Traditional ROI: 9.19%
2550 Broadway St New Albany, IN Welcome home to 2550 Broadway Street! This recently renovated 2-bedroom, 1-bath home blend...	2 beds \| 1 baths \| 822 sq.ft.	$150,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.25% Airbnb Rental Income: $1040 Traditional Rental Income: $1110 Airbnb ROI: 2.23% Traditional ROI: 5.25%
2548 Broadway St New Albany, IN Welcome home to 2548 Broadway Street! This recently renovated 3-bedroom, 1-bath home blend...	3 beds \| 1 baths \| 782 sq.ft.	$155,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 6.04% Airbnb Rental Income: $1045 Traditional Rental Income: $1261 Airbnb ROI: 2.13% Traditional ROI: 6.04%
2639 & 2705 Paoli Pike New Albany, IN RARE Development Opportunity in the Heart of New Albany! First time on the market in over ...	2 beds \| 1 baths \| 1,193 sq.ft.	$500,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.1% Airbnb Rental Income: $1040 Traditional Rental Income: $1272 Airbnb ROI: -0.17% Traditional ROI: 1.1%
2755 Ashley Morgan Drive New Albany, IN PLAY WHERE YOU LIVE! Tucked away on 8.83 +/- pristine wooded acres, two miles from Sherman...	3 beds \| 4 baths \| 2,797 sq.ft.	$965,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.79% Airbnb Rental Income: $1045 Traditional Rental Income: $2911 Airbnb ROI: -0.7% Traditional ROI: 1.79%
1435 Bellemeade Drive New Albany, IN OWNER MOTIVATED!! One of the well-established neighborhoods in New Albany which is walking...	3 beds \| 2 baths \| 2,076 sq.ft.	$354,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.26% Airbnb Rental Income: $1045 Traditional Rental Income: $2070 Airbnb ROI: 0.08% Traditional ROI: 4.26%
237 Silver Street New Albany, IN Super cute and super convenient location on this move-in ready home close to the greenway....	2 beds \| 1 baths \| 762 sq.ft.	$157,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.21% Airbnb Rental Income: $1040 Traditional Rental Income: $1042 Airbnb ROI: 1.8% Traditional ROI: 4.21%
2315 Alta Avenue New Albany, IN Back on market due to no fault of the seller! Welcome to Alta Avenue! From the moment you ...	3 beds \| 2 baths \| 1,444 sq.ft.	$214,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.09% Airbnb Rental Income: $1045 Traditional Rental Income: $1481 Airbnb ROI: 1.17% Traditional ROI: 5.09%
823 Elmwood Avenue New Albany, IN Charming ranch-style home tucked away on a quiet dead-end street! This 3-bedroom, 1-bath h...	3 beds \| 1 baths \| 1,430 sq.ft.	$215,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 5.21% Airbnb Rental Income: $1045 Traditional Rental Income: $1480 Airbnb ROI: 1.29% Traditional ROI: 5.21%
2131 Culbertson Avenue New Albany, IN This beautifully updated 4-bedroom, 2.5-bath home offers generous space, soaring ceilings,...	4 beds \| 3 baths \| 2,004 sq.ft.	$259,900	Airbnb cash on cash: 3.3% Traditional cash on cash: 8.08% Airbnb Rental Income: $1728 Traditional Rental Income: $2424 Airbnb ROI: 3.3% Traditional ROI: 8.08%
2928 Green Valley Road New Albany, IN Open House Sunday 2-4pm. Charming 3-Bedroom Home in Prime New Albany Location Conveniently...	3 beds \| 1 baths \| 1,184 sq.ft.	$209,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.51% Airbnb Rental Income: $1045 Traditional Rental Income: $1382 Airbnb ROI: 0.99% Traditional ROI: 4.51%
112 Cheryl Drive New Albany, IN Welcome to this charming 3-bedroom, 1.5-bath home located in the Greenvalley Heights neigh...	3 beds \| 2 baths \| 1,161 sq.ft.	$265,500	Airbnb cash on cash: 1.29% Traditional cash on cash: 4.68% Airbnb Rental Income: $1045 Traditional Rental Income: $1531 Airbnb ROI: 1.29% Traditional ROI: 4.68%

Real Estate investment in New-albany, IN

There are 109 properties for sale in the city of New Albany . The median list price in New Albany is $279,950 and the average price per square foot is $155. In May 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,645.

New-albany, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 109 investment properties available for sale in New-albany.

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

The ROI for Long-Term is higher than the Short-Term in New-albany with average rental income of $1,645.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

212 Village Pine Drive

New Albany, IN

3 beds | 2 baths | 1,176 sq.ft.

$225,000

Airbnb cash on cash: 1.2%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1045

Traditional Rental Income: $1467

Airbnb ROI: 1.2%

Traditional ROI: 4.88%

1672 Garretson Lane

New Albany, IN

3 beds | 2 baths | 1,656 sq.ft.

$249,900

Airbnb cash on cash: 0.93%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $1045

Traditional Rental Income: $1827

Airbnb ROI: 0.93%

Traditional ROI: 5.78%

1505 E Oak Street

New Albany, IN

3 beds | 2 baths | 1,312 sq.ft.

$199,000

Airbnb cash on cash: 1.84%

Traditional cash on cash: 6.47%

Airbnb Rental Income: $1045

Traditional Rental Income: $1556

Airbnb ROI: 1.84%

Traditional ROI: 6.47%

203 Lancaster Circle

New Albany, IN

4 beds | 3 baths | 2,720 sq.ft.

$295,000

Airbnb cash on cash: 2.37%

Traditional cash on cash: 6.94%

Airbnb Rental Income: $1728

Traditional Rental Income: $2523

Airbnb ROI: 2.37%

Traditional ROI: 6.94%

2116 Palmer Court

New Albany, IN

3 beds | 1 baths | 1,025 sq.ft.

$179,900

Airbnb cash on cash: 0.71%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $1045

Traditional Rental Income: $1188

Airbnb ROI: 0.71%

Traditional ROI: 3.67%

2408 Lyon Lane

New Albany, IN

3 beds | 1 baths | 1,176 sq.ft.

$229,900

Airbnb cash on cash: 0.99%

Traditional cash on cash: 3.08%

Airbnb Rental Income: $1045

Traditional Rental Income: $1137

Airbnb ROI: 0.99%

Traditional ROI: 3.08%

826 East 8th Street

New Albany, IN

2 beds | 1 baths | 1,042 sq.ft.

$179,900

Airbnb cash on cash: 1.72%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1040

Traditional Rental Income: $1171

Airbnb ROI: 1.72%

Traditional ROI: 4.6%

3828 Payne Koehler Road

New Albany, IN

4 beds | 3 baths | 3,634 sq.ft.

$820,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 2.03%

Airbnb Rental Income: $1728

Traditional Rental Income: $2627

Airbnb ROI: 0.23%