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
208 Highland Dr Salem, IN Great home conveniently located on a CORNER LOT in town. It has 3 Br, 1 Ba. and a FULL BAS...	3 beds \| 1 baths \| 1,225 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $1444 Airbnb ROI: N/A Traditional ROI: 4.16%
3634 W State Road 60 Road Salem, IN Don't miss out on this one! Come check out this 4 bedroom/ 2 bathroom, 1 1/2 story home si...	4 beds \| 2 baths \| 1,860 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.73% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 6.73%
3634 W State Road 60 Salem, IN Don't miss out on this one! Come check out this 4 bedroom/ 2 bathroom, 1 1/2 story home si...	4 beds \| 2 baths \| 1,860 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.75% Airbnb Rental Income: $null Traditional Rental Income: $1762 Airbnb ROI: N/A Traditional ROI: 6.75%
606 Berkey St Salem, IN This stunning 3-bed, 2-bath home boasts a unique loft (non-conforming), perfect for an off...	3 beds \| 2 baths \| 1,788 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.96% Airbnb Rental Income: $null Traditional Rental Income: $2041 Airbnb ROI: N/A Traditional ROI: 6.96%
4313 E Canton Rd Salem, IN MOTIVATED SELLER!! SELLER WANTS OFFER!! Multiple Opportunities with this unique property! ...	3 beds \| 1 baths \| 4,026 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.25% Airbnb Rental Income: $null Traditional Rental Income: $1406 Airbnb ROI: N/A Traditional ROI: 6.25%
409 N Water St Salem, IN BEAUTIFUL HISTORIC CHARM...with a history documented from 1815, this former school house f...	3 beds \| 1 baths \| 1,520 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.97% Airbnb Rental Income: $null Traditional Rental Income: $1921 Airbnb ROI: N/A Traditional ROI: 9.97%
100 Walnut Tree Dr Salem, IN Looking for the opportunity to have rental income? This is your chance with 8 buildings, 2...	31 beds \| 23 baths \| 41,190 sq.ft.	$1,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $5771 Airbnb ROI: N/A Traditional ROI: 2.26%
301 E Market St 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.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $1847 Airbnb ROI: N/A Traditional ROI: 4.47%
218 Washington Blvd 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%
1771 N Rush Creek Rd Salem, IN You do not want to miss this one!! This 3 bedroom, 1 and half bath home with 1764 square f...	3 beds \| 1 baths \| 1,764 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 7.06%
4280 W State Road 60 Salem, IN Step away from the chaos! This beautifully maintained home includes 3 bedrooms and 2-1/2 b...	3 beds \| 3 baths \| 1,784 sq.ft.	$579,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $2143 Airbnb ROI: N/A Traditional ROI: 2.22%
208 S Highland Drive Salem, IN Great home conveniently located on a CORNER LOT in town. It has 3 Br, 1 Ba. and a FULL BAS...	3 beds \| 1 baths \| 1,225 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $1538 Airbnb ROI: N/A Traditional ROI: 4.56%
114 Lincoln St Salem, IN Welcome to this charming 3-bedroom, 2-bath home offering incredible flexibility and comfor...	3 beds \| 2 baths \| 1,392 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $1764 Airbnb ROI: N/A Traditional ROI: 7.15%
4946 W Arrow Rd Salem, IN You do not want to miss this one! Beautiful cabin with oak hardwood flooring, custom built...	5 beds \| 2 baths \| 4,960 sq.ft.	$499,900	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%
400 Grandview Dr Salem, IN This charming 3-bedroom, 2-bathroom home offers a perfect blend of comfort and functionali...	3 beds \| 2 baths \| 2,350 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.31% Airbnb Rental Income: $null Traditional Rental Income: $2103 Airbnb ROI: N/A Traditional ROI: 11.31%
2620 W Cody Rd Salem, IN Welcome to country living at its finest! Once you cross the covered bridge, awaiting you i...	3 beds \| 2 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%
7783 S Organ Springs Road Salem, IN Escape to the perfect blend of comfort and seclusion with this 2024 manufactured home nest...	4 beds \| 2 baths \| 1,680 sq.ft.	$258,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $1396 Airbnb ROI: N/A Traditional ROI: 4.16%
2316 W Vincennes Trail Salem, IN Priced at $130,000, this 3 bedroom, 2 bath home in Salem, Southern Indiana offers an open ...	3 beds \| 2 baths \| 1,216 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 10% Airbnb Rental Income: $null Traditional Rental Income: $1486 Airbnb ROI: N/A Traditional ROI: 10%
1204 Old State Road 60 E Salem, IN Welcome home to this charming property located on 5.35 acres. Enjoy the oversized attached...	1 beds \| 2 baths \| 816 sq.ft.	$249,900	Airbnb cash on cash: -1.99% Traditional cash on cash: 3.25% Airbnb Rental Income: $372 Traditional Rental Income: $1358 Airbnb ROI: -1.99% Traditional ROI: 3.25%
9781 E New Philadelphia Road Salem, IN This beautiful homestead is ideal for anyone wanting to live the off-grid lifestyle. The h...	1 beds \| 1 baths \| 1,200 sq.ft.	$214,900	Airbnb cash on cash: -1.51% Traditional cash on cash: 6.17% Airbnb Rental Income: $372 Traditional Rental Income: $1685 Airbnb ROI: -1.51% Traditional ROI: 6.17%

Real Estate investment in Salem, IN

There are 58 properties for sale in the city of Salem . The median list price in Salem is $436,900 and the average price per square foot is $194. In February 2026, the average monthly cash on cash return in Salem is 6.00%. The average monthly rental income in Salem is $1,764.

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

There are 58 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 $1,764.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IN

208 Highland Dr

Salem, IN

3 beds | 1 baths | 1,225 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.16%

Airbnb Rental Income: $null

Traditional Rental Income: $1444

Airbnb ROI: N/A

Traditional ROI: 4.16%

3634 W State Road 60 Road

Salem, IN

4 beds | 2 baths | 1,860 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.73%

Airbnb Rental Income: $null

Traditional Rental Income: $1759

Airbnb ROI: N/A

Traditional ROI: 6.73%

3634 W State Road 60

Salem, IN

4 beds | 2 baths | 1,860 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.75%

Airbnb Rental Income: $null

Traditional Rental Income: $1762

Airbnb ROI: N/A

Traditional ROI: 6.75%

606 Berkey St

Salem, IN

3 beds | 2 baths | 1,788 sq.ft.

$240,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2041

Airbnb ROI: N/A

Traditional ROI: 6.96%

4313 E Canton Rd

Salem, IN

3 beds | 1 baths | 4,026 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.25%

Airbnb Rental Income: $null

Traditional Rental Income: $1406

Airbnb ROI: N/A

Traditional ROI: 6.25%

409 N Water St

Salem, IN

3 beds | 1 baths | 1,520 sq.ft.

$160,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.97%

Airbnb Rental Income: $null

Traditional Rental Income: $1921

Airbnb ROI: N/A

Traditional ROI: 9.97%

100 Walnut Tree Dr

Salem, IN

31 beds | 23 baths | 41,190 sq.ft.

$1,500,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.26%

Airbnb Rental Income: $null

Traditional Rental Income: $5771

Airbnb ROI: N/A

Traditional ROI: 2.26%

301 E Market St

Salem, IN

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

$274,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.47%

Airbnb Rental Income: $null

Traditional Rental Income: $1847

Airbnb ROI: N/A