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
310 Lone Oak Drive New Albany, IN Looking for privacy without sacrificing convenience? This 3 BR/2 bath brick ranch could be...	3 beds \| 2 baths \| 1,820 sq.ft.	$235,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 6.63% Airbnb Rental Income: $1727 Traditional Rental Income: $1934 Airbnb ROI: 3.56% Traditional ROI: 6.63%
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.	$242,500	Airbnb cash on cash: 3.47% Traditional cash on cash: 5.98% Airbnb Rental Income: $1727 Traditional Rental Income: $1827 Airbnb ROI: 3.47% Traditional ROI: 5.98%
2225 E Spring Street New Albany, IN Welcome>> 3-bedroom, 2-bath home that combines modern finishes with functional living spac...	3 beds \| 2 baths \| 1,370 sq.ft.	$274,500	Airbnb cash on cash: 2.48% Traditional cash on cash: 4.23% Airbnb Rental Income: $1727 Traditional Rental Income: $1703 Airbnb ROI: 2.48% Traditional ROI: 4.23%
1515 Ekin Avenue New Albany, IN This 4 Bedroom 2 Full Bath Bungalow in New Albany is Full of Gorgeous Molding and Trim, an...	4 beds \| 2 baths \| 1,764 sq.ft.	$225,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 7.16% Airbnb Rental Income: $2095 Traditional Rental Income: $2005 Airbnb ROI: 5.05% Traditional ROI: 7.16%
1610 Crestview Drive New Albany, IN A distinctive offering in Silver Hills, one of New Albany's most sought-after hillside com...	4 beds \| 3 baths \| 2,476 sq.ft.	$459,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.35% Airbnb Rental Income: $2095 Traditional Rental Income: $2686 Airbnb ROI: 1.72% Traditional ROI: 4.35%
324 Galt Street New Albany, IN Open House Tuesday 6/8/2026 5pm-7pm!! Welcome to 324 Galt Street! This charming 2-bedroom,...	2 beds \| 1 baths \| 924 sq.ft.	$174,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 4.01% Airbnb Rental Income: $1665 Traditional Rental Income: $1094 Airbnb ROI: 4.64% Traditional ROI: 4.01%
1007 Meadowview Drive New Albany, IN Open House SUNDAY 6/14 from 12-2PM! Don't miss this well-maintained, all-brick ranch in th...	3 beds \| 3 baths \| 1,744 sq.ft.	$315,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.1% Airbnb Rental Income: $1727 Traditional Rental Income: $1868 Airbnb ROI: 2.02% Traditional ROI: 4.1%
1804 E Spring Street New Albany, IN Welcome to 1804 E. Spring Street in New Albany! This charming 2-bedroom, 1-bath home was t...	2 beds \| 1 baths \| 886 sq.ft.	$159,000	Airbnb cash on cash: 6.02% Traditional cash on cash: 6.2% Airbnb Rental Income: $1665 Traditional Rental Income: $1226 Airbnb ROI: 6.02% Traditional ROI: 6.2%
2416 Stover Drive New Albany, IN Welcome home to this 3-bedroom brick tri-level located in the desirable Brent Heights neig...	3 beds \| 2 baths \| 1,830 sq.ft.	$249,900	Airbnb cash on cash: 3.05% Traditional cash on cash: 6% Airbnb Rental Income: $1727 Traditional Rental Income: $1946 Airbnb ROI: 3.05% Traditional ROI: 6%
1828 Fall Run Court New Albany, IN This property is eligible under the Freddie Mac First Look Initiative through 7/30/2026.	3 beds \| 2 baths \| 1,136 sq.ft.	$224,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 4.52% Airbnb Rental Income: $1727 Traditional Rental Income: $1463 Airbnb ROI: 3.52% Traditional ROI: 4.52%
3613 Doe Run Way New Albany, IN Location, Location!! This Grand Bi-Level home features 4 bedrooms and 2 full bathrooms. La...	4 beds \| 2 baths \| 1,925 sq.ft.	$290,000	Airbnb cash on cash: 3.57% Traditional cash on cash: 5.48% Airbnb Rental Income: $2095 Traditional Rental Income: $2078 Airbnb ROI: 3.57% Traditional ROI: 5.48%
1415 Slate Run Road #50 New Albany, IN Welcome home to low-maintenance living at its absolute finest in Lochwood II Condominiums!...	2 beds \| 2 baths \| 1,224 sq.ft.	$150,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 6.11% Airbnb Rental Income: $1665 Traditional Rental Income: $1381 Airbnb ROI: 4.84% Traditional ROI: 6.11%
3625 Greenfield Drive New Albany, IN Welcome home to this beautifully maintained brick ranch offering the perfect blend of comf...	3 beds \| 3 baths \| 3,188 sq.ft.	$424,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 2.94% Airbnb Rental Income: $1727 Traditional Rental Income: $2037 Airbnb ROI: 0.97% Traditional ROI: 2.94%
3044 Wolf Ridge Court New Albany, IN Welcome to 3044 Wolf Ridge Court in the highly sought-after Wolf Lake community! This well...	4 beds \| 4 baths \| 3,324 sq.ft.	$465,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.2% Airbnb Rental Income: $2095 Traditional Rental Income: $3215 Airbnb ROI: 1.39% Traditional ROI: 5.2%
1929 Center Street New Albany, IN QUIT PAYING YOUR LANDLORD'S MORTGAGE! It's time to start building equity in a SWEET HOME o...	2 beds \| 1 baths \| 700 sq.ft.	$157,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 3.91% Airbnb Rental Income: $1665 Traditional Rental Income: $967 Airbnb ROI: 5.46% Traditional ROI: 3.91%
3102 Beacon Drive New Albany, IN Updated, move-in ready, and in a location that's hard to beat! This 4-bedroom, 2-bath home...	4 beds \| 2 baths \| 1,282 sq.ft.	$235,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 3.95% Airbnb Rental Income: $2095 Traditional Rental Income: $1464 Airbnb ROI: 4.37% Traditional ROI: 3.95%
517 E Oak Street New Albany, IN Welcome to 517 E Oak Street in the heart of New Albany! This inviting home offers a blend ...	3 beds \| 2 baths \| 1,272 sq.ft.	$149,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 7.7% Airbnb Rental Income: $1727 Traditional Rental Income: $1521 Airbnb ROI: 5.8% Traditional ROI: 7.7%
2319 Park Avenue New Albany, IN Attention buyers and investors! Great bones, convenient location, and tons of potential. T...	3 beds \| 2 baths \| 1,241 sq.ft.	$189,900	Airbnb cash on cash: 5% Traditional cash on cash: 6.51% Airbnb Rental Income: $1727 Traditional Rental Income: $1523 Airbnb ROI: 5% Traditional ROI: 6.51%
826 East 8th Street New Albany, IN Beautifully updated 2-bedroom home in the heart of downtown New Albany! Major updates alre...	2 beds \| 1 baths \| 1,042 sq.ft.	$171,900	Airbnb cash on cash: 5.02% Traditional cash on cash: 4.85% Airbnb Rental Income: $1665 Traditional Rental Income: $1171 Airbnb ROI: 5.02% Traditional ROI: 4.85%
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: 0.63% Traditional cash on cash: 2.03% Airbnb Rental Income: $2095 Traditional Rental Income: $2627 Airbnb ROI: 0.63% Traditional ROI: 2.03%
1219 Bono Road New Albany, IN Welcome to 1219 Bono Road in New Albany! This charming 3-bedroom, 1-bath home offers comfo...	3 beds \| 1 baths \| 900 sq.ft.	$165,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 3.81% Airbnb Rental Income: $1727 Traditional Rental Income: $1174 Airbnb ROI: 4.29% Traditional ROI: 3.81%
1343 Beeler Street New Albany, IN REDUCED!! MOVE-IN READY!! This adorable home has been completely updated and renovated! Im...	2 beds \| 1 baths \| 1,824 sq.ft.	$150,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 5.96% Airbnb Rental Income: $1665 Traditional Rental Income: $1208 Airbnb ROI: 5.89% Traditional ROI: 5.96%
115 Denny Drive New Albany, IN Unlock the potential in this spacious bi-level situated on a quiet cul-de-sac. With many m...	3 beds \| 2 baths \| 1,598 sq.ft.	$205,000	Airbnb cash on cash: 4.25% Traditional cash on cash: 4.4% Airbnb Rental Income: $1727 Traditional Rental Income: $1279 Airbnb ROI: 4.25% Traditional ROI: 4.4%
1817 E Oak Street New Albany, IN Charming cottage style home in the heart of New Albany offers the perfect blend of histori...	2 beds \| 1 baths \| 1,184 sq.ft.	$155,000	Airbnb cash on cash: 5.76% Traditional cash on cash: 6.72% Airbnb Rental Income: $1665 Traditional Rental Income: $1340 Airbnb ROI: 5.76% Traditional ROI: 6.72%
1506 Shelby Place New Albany, IN Historic Character and Charm with all the Modern-Day Luxuries. This 4-bedroom, 2.5-bathroo...	4 beds \| 3 baths \| 1,768 sq.ft.	$329,900	Airbnb cash on cash: 3.25% Traditional cash on cash: 5.37% Airbnb Rental Income: $2095 Traditional Rental Income: $2215 Airbnb ROI: 3.25% Traditional ROI: 5.37%
3119 Arbor Ridge Lane New Albany, IN Tucked within a quiet, well-maintained community, this well loved brick home offers the pe...	4 beds \| 3 baths \| 2,984 sq.ft.	$389,900	Airbnb cash on cash: 2.21% Traditional cash on cash: 4.8% Airbnb Rental Income: $2095 Traditional Rental Income: $2502 Airbnb ROI: 2.21% Traditional ROI: 4.8%
2420 Stover Drive New Albany, IN This home sits elevated on a hillside, offering enhanced security, an incredible sense of ...	3 beds \| 2 baths \| 1,324 sq.ft.	$237,400	Airbnb cash on cash: 3.3% Traditional cash on cash: 4.5% Airbnb Rental Income: $1727 Traditional Rental Income: $1518 Airbnb ROI: 3.3% Traditional ROI: 4.5%
2407 Charlestown Road New Albany, IN This is the one! A beautifully updated 4-bedroom, 2 full bathroom home that brings the per...	4 beds \| 2 baths \| 1,488 sq.ft.	$214,900	Airbnb cash on cash: 5.56% Traditional cash on cash: 6.95% Airbnb Rental Income: $2095 Traditional Rental Income: $1840 Airbnb ROI: 5.56% Traditional ROI: 6.95%
61 Wolfe Trace Ct New Albany, IN Welcome to 61 Wolfe Trace Court in New Albany, Indiana, a beautifully maintained home offe...	3 beds \| 2 baths \| 1,407 sq.ft.	$229,000	Airbnb cash on cash: 3.68% Traditional cash on cash: 5.69% Airbnb Rental Income: $1727 Traditional Rental Income: $1687 Airbnb ROI: 3.68% Traditional ROI: 5.69%
5462 Quarry Road New Albany, IN Welcome home to this adorable 2-bedroom, 1-bath gem tucked away in desirable Georgetown To...	2 beds \| 1 baths \| 1,232 sq.ft.	$195,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 5.25% Airbnb Rental Income: $1665 Traditional Rental Income: $1290 Airbnb ROI: 4.75% Traditional ROI: 5.25%
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.	$349,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.97% Airbnb Rental Income: $1665 Traditional Rental Income: $2536 Airbnb ROI: 1.89% Traditional ROI: 5.97%
3926 Carver Street New Albany, IN REDUCED!! Move-in ready!! Come see this charming, 3-bedroom, 2-full-bath, ranch-style home...	3 beds \| 2 baths \| 1,144 sq.ft.	$224,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 5.65% Airbnb Rental Income: $1727 Traditional Rental Income: $1598 Airbnb ROI: 4.01% Traditional ROI: 5.65%
1422 E Elm Street New Albany, IN Welcome to Downtown New Albany living! This 2 UNIT PROPERTY was built in 2023 and shows li...	4 beds \| 2 baths \| 1,500 sq.ft.	$299,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 3.62% Airbnb Rental Income: $2095 Traditional Rental Income: $1870 Airbnb ROI: 2.51% Traditional ROI: 3.62%
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: 3.83% Traditional cash on cash: 4.13% Airbnb Rental Income: $1665 Traditional Rental Income: $1260 Airbnb ROI: 3.83% 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.	$186,900	Airbnb cash on cash: 4.88% Traditional cash on cash: 4.36% Airbnb Rental Income: $1665 Traditional Rental Income: $1106 Airbnb ROI: 4.88% Traditional ROI: 4.36%
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.	$147,000	Airbnb cash on cash: 6.21% Traditional cash on cash: 7.13% Airbnb Rental Income: $1727 Traditional Rental Income: $1380 Airbnb ROI: 6.21% Traditional ROI: 7.13%
2216 Morton Avenue New Albany, IN Every inch of this beautifully restored 1930s bungalow has been thoughtfully updated, blen...	3 beds \| 2 baths \| 1,304 sq.ft.	$264,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 4.26% Airbnb Rental Income: $1727 Traditional Rental Income: $1696 Airbnb ROI: 2.48% Traditional ROI: 4.26%
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.	$186,500	Airbnb cash on cash: 4.39% Traditional cash on cash: 4.25% Airbnb Rental Income: $1665 Traditional Rental Income: $1173 Airbnb ROI: 4.39% Traditional ROI: 4.25%
3312 Mellwood Drive New Albany, IN OPEN HOUSE Thu Jul 2, 4:00PM-6:00PM. Introducing this beautifully maintained 3-bedroom, 2-...	3 beds \| 2 baths \| 1,712 sq.ft.	$284,900	Airbnb cash on cash: 2.62% Traditional cash on cash: 4.97% Airbnb Rental Income: $1727 Traditional Rental Income: $1881 Airbnb ROI: 2.62% Traditional ROI: 4.97%
1228 Westwood Lane New Albany, IN Nearly an acre in Silver Hills for $350K. That's the headline â and it's real. 1228 West...	3 beds \| 2 baths \| 1,519 sq.ft.	$350,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.24% Airbnb Rental Income: $1727 Traditional Rental Income: $1989 Airbnb ROI: 1.99% Traditional ROI: 4.24%

Real Estate investment in New-albany, IN

There are 136 properties for sale in the city of New Albany . The median list price in New Albany is $224,865 and the average price per square foot is $127. In August 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,776.

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

There are 136 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 $1,776.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

310 Lone Oak Drive

New Albany, IN

3 beds | 2 baths | 1,820 sq.ft.

$235,000

Airbnb cash on cash: 3.56%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $1727

Traditional Rental Income: $1934

Airbnb ROI: 3.56%

Traditional ROI: 6.63%

1672 Garretson Lane

New Albany, IN

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

$242,500

Airbnb cash on cash: 3.47%

Traditional cash on cash: 5.98%

Airbnb Rental Income: $1727

Traditional Rental Income: $1827

Airbnb ROI: 3.47%

Traditional ROI: 5.98%

2225 E Spring Street

New Albany, IN

3 beds | 2 baths | 1,370 sq.ft.

$274,500

Airbnb cash on cash: 2.48%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1727

Traditional Rental Income: $1703

Airbnb ROI: 2.48%

Traditional ROI: 4.23%

1515 Ekin Avenue

New Albany, IN

4 beds | 2 baths | 1,764 sq.ft.

$225,000

Airbnb cash on cash: 5.05%

Traditional cash on cash: 7.16%

Airbnb Rental Income: $2095

Traditional Rental Income: $2005

Airbnb ROI: 5.05%

Traditional ROI: 7.16%

1610 Crestview Drive

New Albany, IN

4 beds | 3 baths | 2,476 sq.ft.

$459,000

Airbnb cash on cash: 1.72%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $2095

Traditional Rental Income: $2686

Airbnb ROI: 1.72%

Traditional ROI: 4.35%

324 Galt Street

New Albany, IN

2 beds | 1 baths | 924 sq.ft.

$174,900

Airbnb cash on cash: 4.64%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1665

Traditional Rental Income: $1094

Airbnb ROI: 4.64%

Traditional ROI: 4.01%

1007 Meadowview Drive

New Albany, IN

3 beds | 3 baths | 1,744 sq.ft.

$315,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $1727

Traditional Rental Income: $1868

Airbnb ROI: 2.02%

Traditional ROI: 4.1%

1804 E Spring Street

New Albany, IN

2 beds | 1 baths | 886 sq.ft.

$159,000

Airbnb cash on cash: 6.02%

Traditional cash on cash: 6.2%

Airbnb Rental Income: $1665

Traditional Rental Income: $1226

Airbnb ROI: 6.02%