Real Estate Investment Properties for Sale in Salem, IN

Looking for investment property in Salem, IN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
116 Nichols Avenue Salem, IN This all brick 3 bedroom home is conveniently located in a quiet neighborhood. Enjoy the c...	3 beds \| 1 baths \| 1,056 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $1234 Airbnb ROI: N/A Traditional ROI: 5.45%
506 Pilgrim Way Salem, IN Discover a remarkable living opportunity at 506 Pilgrim WAY, SALEM, IN. This single-family...	3 beds \| 2 baths \| 1,404 sq.ft.	$157,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.05% Airbnb Rental Income: $null Traditional Rental Income: $1679 Airbnb ROI: N/A Traditional ROI: 8.05%
4461 N Cox Ferry Road Salem, IN Positioned on 3.43 ACRES in Washington County, this 4-bedroom, 3-bath home delivers a stro...	4 beds \| 3 baths \| 2,144 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $2415 Airbnb ROI: N/A Traditional ROI: 5.28%
11072 E State Road 160 Salem, IN Check out this almost 2 acre property conveniently located just minutes from interstate 65...	3 beds \| 1 baths \| 1,320 sq.ft.	$77,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.82% Airbnb Rental Income: $null Traditional Rental Income: $1017 Airbnb ROI: N/A Traditional ROI: 10.82%
303 W Market Street Salem, IN Where classic charm meets modern living! This beautifully remodeled 4-bedroom, 3-bath home...	4 beds \| 3 baths \| 2,882 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 10% Airbnb Rental Income: $null Traditional Rental Income: $2666 Airbnb ROI: N/A Traditional ROI: 10%
301 E Market Street Salem, IN Welcome Home! This Gorgeous HOME Is the perfect blend of space, character, charm and walka...	2 beds \| 2 baths \| 1,640 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $1847 Airbnb ROI: N/A Traditional ROI: 5%
218 Washington Boulevard Salem, IN Attention serious home buyers this 2 bedroom property includes an office on the main floor...	2 beds \| 1 baths \| 1,155 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.19% Airbnb Rental Income: $null Traditional Rental Income: $1321 Airbnb ROI: N/A Traditional ROI: 7.19%
4946 W Arrow Road Salem, IN You do not want to miss this one! Beautiful cabin with oak hardwood flooring, custom built...	5 beds \| 3 baths \| 4,960 sq.ft.	$499,800	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 4.23%
2620 W Cody Road Salem, IN Welcome to country living at its finest! Once you cross the covered bridge, awaiting you i...	3 beds \| 3 baths \| 2,894 sq.ft.	$775,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $2500 Airbnb ROI: N/A Traditional ROI: 1.83%
1706 E Lewellen Road Salem, IN Just what you've been waiting for. Beautiful 4BR ,2.5 BA 2812 sq ft. Victorian style home ...	4 beds \| 3 baths \| 2,812 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2681 Airbnb ROI: N/A Traditional ROI: 5.41%
5810 E State Road 56 Salem, IN 4 bedroom/2 baths with many updates including NEW CARPET & NEW LUXURY VINYL PLANK flooring...	4 beds \| 2 baths \| 1,976 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.25% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 6.25%
630 N Public Road Salem, IN Don't miss out of this Newly remodeled 3 bedroom, 2 bathroom home with attached one car ga...	3 beds \| 2 baths \| 1,340 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 4.42%
205 E Arthur Street Salem, IN Adorable MOVE IN READY Bungalow with a 16 x 24 detached BLOCK GARAGE with electric and con...	1 beds \| 1 baths \| 720 sq.ft.	$159,900	Airbnb cash on cash: -1.06% Traditional cash on cash: 2.89% Airbnb Rental Income: $531 Traditional Rental Income: $856 Airbnb ROI: -1.06% Traditional ROI: 2.89%
1208 W Market Street Salem, IN If you've been looking for space, storage, and a little breathing room, this one checks th...	3 beds \| 1 baths \| 1,300 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $1390 Airbnb ROI: N/A Traditional ROI: 5.38%
2263 S Boston Pekin Road Salem, IN Set on 1.86 acres, this newly constructed ranch-style home delivers a compelling combinati...	3 beds \| 2 baths \| 1,347 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $1683 Airbnb ROI: N/A Traditional ROI: 4.13%
4391 S Tanglewood Lane Salem, IN 7.43 ACRES! SPACIOUS AT 2432 SQUARE FEET! Discover the perfect blend of space, comfort, an...	4 beds \| 3 baths \| 2,432 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 5.43%
550 W Water Tower Road Salem, IN Adorable all brick doll house that you have been waiting for!! This home has a full finish...	3 beds \| 1 baths \| 2,080 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $1495 Airbnb ROI: N/A Traditional ROI: 4.32%
2361 S Boston Pekin Road Salem, IN Sit on the georgeous covered front porch and look at the view in this 4 Br. 3 Ba. unique h...	4 beds \| 3 baths \| 2,504 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $2322 Airbnb ROI: N/A Traditional ROI: 5.47%
2476 N Old 56 Salem, IN If you've been dreaming about starting a homestead, this Salem property is ready for you. ...	4 beds \| 2 baths \| 1,340 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $1560 Airbnb ROI: N/A Traditional ROI: 5.33%
4313 E Canton Road Salem, IN MOTIVATED SELLER!! SELLER WANTS OFFER!! Multiple Opportunities with this unique property! ...	3 beds \| 1 baths \| 4,026 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $1406 Airbnb ROI: N/A Traditional ROI: 6.63%

Real Estate investment in Salem, IN

There are 20 properties for sale in the city of Salem . The median list price in Salem is $435,900 and the average price per square foot is $214. In May 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $1,683.

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

There are 20 investment properties available for sale in Salem.

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

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $1,683.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IN

116 Nichols Avenue

Salem, IN

3 beds | 1 baths | 1,056 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1234

Airbnb ROI: N/A

Traditional ROI: 5.45%

506 Pilgrim Way

Salem, IN

3 beds | 2 baths | 1,404 sq.ft.

$157,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1679

Airbnb ROI: N/A

Traditional ROI: 8.05%

4461 N Cox Ferry Road

Salem, IN

4 beds | 3 baths | 2,144 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2415

Airbnb ROI: N/A

Traditional ROI: 5.28%

11072 E State Road 160

Salem, IN

3 beds | 1 baths | 1,320 sq.ft.

$77,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.82%

Airbnb Rental Income: $null

Traditional Rental Income: $1017

Airbnb ROI: N/A

Traditional ROI: 10.82%

303 W Market Street

Salem, IN

4 beds | 3 baths | 2,882 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10%

Airbnb Rental Income: $null

Traditional Rental Income: $2666

Airbnb ROI: N/A

Traditional ROI: 10%

301 E Market Street

Salem, IN

2 beds | 2 baths | 1,640 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5%

Airbnb Rental Income: $null

Traditional Rental Income: $1847

Airbnb ROI: N/A

Traditional ROI: 5%

218 Washington Boulevard

Salem, IN

2 beds | 1 baths | 1,155 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.19%

Airbnb Rental Income: $null

Traditional Rental Income: $1321

Airbnb ROI: N/A

Traditional ROI: 7.19%

4946 W Arrow Road

Salem, IN

5 beds | 3 baths | 4,960 sq.ft.

$499,800

Airbnb cash on cash: N/A

Traditional cash on cash: 4.23%

Airbnb Rental Income: $null

Traditional Rental Income: $2715

Airbnb ROI: N/A