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
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.	$247,500	Airbnb cash on cash: 1.98% Traditional cash on cash: 5.85% Airbnb Rental Income: $1335 Traditional Rental Income: $1827 Airbnb ROI: 1.98% Traditional ROI: 5.85%
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: 2.34% Traditional cash on cash: 4.35% Airbnb Rental Income: $2412 Traditional Rental Income: $2686 Airbnb ROI: 2.34% 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: 2.8% Traditional cash on cash: 4.01% Airbnb Rental Income: $1297 Traditional Rental Income: $1094 Airbnb ROI: 2.8% 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: 0.92% Traditional cash on cash: 4.1% Airbnb Rental Income: $1335 Traditional Rental Income: $1868 Airbnb ROI: 0.92% Traditional ROI: 4.1%
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.	$270,000	Airbnb cash on cash: 4.91% Traditional cash on cash: 7.67% Airbnb Rental Income: $2412 Traditional Rental Income: $2523 Airbnb ROI: 4.91% Traditional ROI: 7.67%
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.	$295,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 5.37% Airbnb Rental Income: $2412 Traditional Rental Income: $2078 Airbnb ROI: 4.45% Traditional ROI: 5.37%
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: 2.7% Traditional cash on cash: 6.11% Airbnb Rental Income: $1297 Traditional Rental Income: $1381 Airbnb ROI: 2.7% Traditional ROI: 6.11%
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.	$225,000	Airbnb cash on cash: 2.55% Traditional cash on cash: 5.36% Airbnb Rental Income: $1335 Traditional Rental Income: $1523 Airbnb ROI: 2.55% Traditional ROI: 5.36%
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.	$175,500	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.78% Airbnb Rental Income: $1335 Traditional Rental Income: $1188 Airbnb ROI: 2.2% Traditional ROI: 3.78%
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: 3.15% Traditional cash on cash: 4.85% Airbnb Rental Income: $1297 Traditional Rental Income: $1171 Airbnb ROI: 3.15% 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: 0.98% Traditional cash on cash: 2.03% Airbnb Rental Income: $2412 Traditional Rental Income: $2627 Airbnb ROI: 0.98% Traditional ROI: 2.03%
1343 Beeler Street New Albany, IN Here's your second chance to buy this MOVE-IN READY home!! The previous "buyer's" financin...	2 beds \| 1 baths \| 1,824 sq.ft.	$159,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 5.54% Airbnb Rental Income: $1297 Traditional Rental Income: $1208 Airbnb ROI: 3.47% Traditional ROI: 5.54%
115 Denny Drive New Albany, IN Unlock the potential in this spacious bi-level situated on a quiet cul-de-sac. With multip...	3 beds \| 2 baths \| 1,598 sq.ft.	$209,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.28% Airbnb Rental Income: $1335 Traditional Rental Income: $1279 Airbnb ROI: 2.49% Traditional ROI: 4.28%
4815 Chapelbrook Lane New Albany, IN STOP THE CAR! THIS IS IT! Discover this serene 3.1-acre wooded oasis, featuring fruit and ...	4 beds \| 2 baths \| 2,227 sq.ft.	$449,900	Airbnb cash on cash: 2.72% Traditional cash on cash: 3.6% Airbnb Rental Income: $2412 Traditional Rental Income: $2192 Airbnb ROI: 2.72% Traditional ROI: 3.6%
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.	$180,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 5.67% Airbnb Rental Income: $1297 Traditional Rental Income: $1340 Airbnb ROI: 3.06% Traditional ROI: 5.67%
3117 Lacewood Lane New Albany, IN Welcome to this beautifully updated brick home with exceptional curb appeal since it's pro...	3 beds \| 3 baths \| 3,192 sq.ft.	$374,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 2.69% Airbnb Rental Income: $1335 Traditional Rental Income: $1669 Airbnb ROI: 0.57% Traditional ROI: 2.69%
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.	$237,800	Airbnb cash on cash: 1.84% Traditional cash on cash: 4.49% Airbnb Rental Income: $1335 Traditional Rental Income: $1518 Airbnb ROI: 1.84% Traditional ROI: 4.49%
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: 6.85% Traditional cash on cash: 6.95% Airbnb Rental Income: $2412 Traditional Rental Income: $1840 Airbnb ROI: 6.85% 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: 2.17% Traditional cash on cash: 5.69% Airbnb Rental Income: $1335 Traditional Rental Income: $1687 Airbnb ROI: 2.17% 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: 3.1% Traditional cash on cash: 5.25% Airbnb Rental Income: $1297 Traditional Rental Income: $1290 Airbnb ROI: 3.1% Traditional ROI: 5.25%
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: 3.03% Traditional cash on cash: 5.44% Airbnb Rental Income: $1335 Traditional Rental Income: $1391 Airbnb ROI: 3.03% Traditional ROI: 5.44%
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: 0.95% Traditional cash on cash: 5.97% Airbnb Rental Income: $1297 Traditional Rental Income: $2536 Airbnb ROI: 0.95% Traditional ROI: 5.97%
247 Clay Street New Albany, IN Welcome to this well-maintained 4-bedroom, 2-bath home in New Albany offering 1340 finishe...	4 beds \| 2 baths \| 1,340 sq.ft.	$235,000	Airbnb cash on cash: 6.58% Traditional cash on cash: 5.58% Airbnb Rental Income: $2412 Traditional Rental Income: $1600 Airbnb ROI: 6.58% Traditional ROI: 5.58%
3926 Carver Street New Albany, IN Move-in ready!! Come see this charming, 3-bedroom, 2-full-bath, ranch-style home nestled i...	3 beds \| 2 baths \| 1,144 sq.ft.	$229,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 5.5% Airbnb Rental Income: $1335 Traditional Rental Income: $1598 Airbnb ROI: 2.39% Traditional ROI: 5.5%
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.	$324,900	Airbnb cash on cash: 3.11% Traditional cash on cash: 3.27% Airbnb Rental Income: $2412 Traditional Rental Income: $1870 Airbnb ROI: 3.11% Traditional ROI: 3.27%
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: 2.36% Traditional cash on cash: 4.13% Airbnb Rental Income: $1297 Traditional Rental Income: $1260 Airbnb ROI: 2.36% 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: 3.15% Traditional cash on cash: 4.36% Airbnb Rental Income: $1297 Traditional Rental Income: $1106 Airbnb ROI: 3.15% 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.	$149,900	Airbnb cash on cash: 3.8% Traditional cash on cash: 6.98% Airbnb Rental Income: $1335 Traditional Rental Income: $1380 Airbnb ROI: 3.8% Traditional ROI: 6.98%
313 Mary Drive New Albany, IN Welcome to this spacious 4 bedroom 2 bath contemporary style home! With the primary bedroo...	4 beds \| 2 baths \| 1,488 sq.ft.	$235,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 6.15% Airbnb Rental Income: $2412 Traditional Rental Income: $1780 Airbnb ROI: 6.33% Traditional ROI: 6.15%
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.	$269,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 4.18% Airbnb Rental Income: $1335 Traditional Rental Income: $1696 Airbnb ROI: 1.14% Traditional ROI: 4.18%
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: 2.44% Traditional cash on cash: 3.93% Airbnb Rental Income: $1297 Traditional Rental Income: $1173 Airbnb ROI: 2.44% Traditional ROI: 3.93%
3312 Mellwood Drive New Albany, IN Welcome to a well-maintained brick ranch located in the Sherwood Heights area of New Alban...	3 beds \| 2 baths \| 1,639 sq.ft.	$299,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 4.6% Airbnb Rental Income: $1335 Traditional Rental Income: $1881 Airbnb ROI: 1.21% Traditional ROI: 4.6%
2918 Sunset Drive New Albany, IN Come check out this affordable 4 bedrooms home with lots of space to spread out! Super loc...	4 beds \| 1 baths \| 1,420 sq.ft.	$169,900	Airbnb cash on cash: 8.58% Traditional cash on cash: 7.34% Airbnb Rental Income: $2412 Traditional Rental Income: $1619 Airbnb ROI: 8.58% Traditional ROI: 7.34%
1228 Westwood Lane New Albany, IN Welcome to 1228 Westwood Lane â nearly an acre of private outdoor living tucked away in ...	3 beds \| 2 baths \| 1,440 sq.ft.	$365,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 4.02% Airbnb Rental Income: $1335 Traditional Rental Income: $1989 Airbnb ROI: 0.91% Traditional ROI: 4.02%
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: -0.19% Traditional cash on cash: 9.19% Airbnb Rental Income: $622 Traditional Rental Income: $1240 Airbnb ROI: -0.19% 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: 3.73% Traditional cash on cash: 5.25% Airbnb Rental Income: $1297 Traditional Rental Income: $1110 Airbnb ROI: 3.73% 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: 3.76% Traditional cash on cash: 6.04% Airbnb Rental Income: $1335 Traditional Rental Income: $1261 Airbnb ROI: 3.76% 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: 0.29% Traditional cash on cash: 1.1% Airbnb Rental Income: $1297 Traditional Rental Income: $1272 Airbnb ROI: 0.29% Traditional ROI: 1.1%
2603 Pinehurst Court New Albany, IN Welcome Home! Move-in ready and beautifully updated-this LOW-maintenance patio home is wai...	2 beds \| 2 baths \| 1,276 sq.ft.	$244,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 4.93% Airbnb Rental Income: $1297 Traditional Rental Income: $1643 Airbnb ROI: 1.69% Traditional ROI: 4.93%
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: -0.43% Traditional cash on cash: 1.79% Airbnb Rental Income: $1335 Traditional Rental Income: $2911 Airbnb ROI: -0.43% Traditional ROI: 1.79%

Real Estate investment in New-albany, IN

There are 121 properties for sale in the city of New Albany . The median list price in New Albany is $225,883 and the average price per square foot is $130. In June 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,684.

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

There are 121 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 $1,684.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

1672 Garretson Lane

New Albany, IN

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

$247,500

Airbnb cash on cash: 1.98%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $1335

Traditional Rental Income: $1827

Airbnb ROI: 1.98%

Traditional ROI: 5.85%

1610 Crestview Drive

New Albany, IN

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

$459,000

Airbnb cash on cash: 2.34%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $2412

Traditional Rental Income: $2686

Airbnb ROI: 2.34%

Traditional ROI: 4.35%

324 Galt Street

New Albany, IN

2 beds | 1 baths | 924 sq.ft.

$174,900

Airbnb cash on cash: 2.8%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1297

Traditional Rental Income: $1094

Airbnb ROI: 2.8%

Traditional ROI: 4.01%

1007 Meadowview Drive

New Albany, IN

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

$315,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $1335

Traditional Rental Income: $1868

Airbnb ROI: 0.92%

Traditional ROI: 4.1%

203 Lancaster Circle

New Albany, IN

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

$270,000

Airbnb cash on cash: 4.91%

Traditional cash on cash: 7.67%

Airbnb Rental Income: $2412

Traditional Rental Income: $2523

Airbnb ROI: 4.91%

Traditional ROI: 7.67%

3613 Doe Run Way

New Albany, IN

4 beds | 2 baths | 1,925 sq.ft.

$295,000

Airbnb cash on cash: 4.45%

Traditional cash on cash: 5.37%

Airbnb Rental Income: $2412

Traditional Rental Income: $2078

Airbnb ROI: 4.45%

Traditional ROI: 5.37%

1415 Slate Run Road #50

New Albany, IN

2 beds | 2 baths | 1,224 sq.ft.

$150,000

Airbnb cash on cash: 2.7%

Traditional cash on cash: 6.11%

Airbnb Rental Income: $1297

Traditional Rental Income: $1381

Airbnb ROI: 2.7%

Traditional ROI: 6.11%

2319 Park Avenue

New Albany, IN

3 beds | 2 baths | 1,241 sq.ft.

$225,000

Airbnb cash on cash: 2.55%

Traditional cash on cash: 5.36%

Airbnb Rental Income: $1335

Traditional Rental Income: $1523

Airbnb ROI: 2.55%