Real Estate Investment Properties for Sale in Sullivan, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
219 S Court Street Sullivan, IN Homes like this donât last long. This is the kind of property that quietly checks boxes ...	2 beds \| 1 baths \| 1,224 sq.ft.	$137,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.56% Airbnb Rental Income: $null Traditional Rental Income: $1729 Airbnb ROI: N/A Traditional ROI: 10.56%
443 S State Street Sullivan, IN This 2-bedroom, 1-bath home has been completely refreshed from top to bottom and is truly ...	2 beds \| 1 baths \| 979 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $935 Airbnb ROI: N/A Traditional ROI: 5.43%
513 W Washington Street Sullivan, IN Remodeled in 2023 and move-in ready with bonus space and storage. This 3 bedroom, 2 bath h...	3 beds \| 2 baths \| 1,924 sq.ft.	$219,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 6.46% Airbnb Rental Income: $1536 Traditional Rental Income: $1713 Airbnb ROI: 3.46% Traditional ROI: 6.46%
4158 W State Road 154 Sullivan, IN You want a home that gives you room to breathe, space to grow, and options for the future....	3 beds \| 2 baths \| 1,836 sq.ft.	$389,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.19% Airbnb Rental Income: $1536 Traditional Rental Income: $1929 Airbnb ROI: 0.89% Traditional ROI: 3.19%
2041 N Joy Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,936 sq.ft.	$324,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 6.18% Airbnb Rental Income: $1536 Traditional Rental Income: $2544 Airbnb ROI: 1.42% Traditional ROI: 6.18%
608 E Chaney Street Sullivan, IN Experience modern living in this stunning newly built home from 2024, featuring 3 spacious...	3 beds \| 2 baths \| 1,136 sq.ft.	$172,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 10.63% Airbnb Rental Income: $1536 Traditional Rental Income: $2016 Airbnb ROI: 4.99% Traditional ROI: 10.63%
682 E PR RD 265 N Sullivan, IN This private retreat is nestled on 2.99 beautifully wooded acres, near Sullivan Lake. It h...	3 beds \| 3 baths \| 2,376 sq.ft.	$359,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 7.24% Airbnb Rental Income: $1536 Traditional Rental Income: $3143 Airbnb ROI: 1.15% Traditional ROI: 7.24%
2029 N Joy Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,655 sq.ft.	$324,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 5.65% Airbnb Rental Income: $1536 Traditional Rental Income: $2381 Airbnb ROI: 1.42% Traditional ROI: 5.65%
953 Danny Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,809 sq.ft.	$324,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 5.87% Airbnb Rental Income: $1536 Traditional Rental Income: $2450 Airbnb ROI: 1.42% Traditional ROI: 5.87%
2005 W Co Rd 450 S Sullivan, IN This is an oasis on the prairie! Let's begin with the 1,924 sq. ft. 3-bed 2-bath home with...	3 beds \| 2 baths \| 1,924 sq.ft.	$514,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 3.34% Airbnb Rental Income: $1536 Traditional Rental Income: $2443 Airbnb ROI: 0.53% Traditional ROI: 3.34%
403 W Wolfe Street Sullivan, IN The home everyone will want to gather in. This 3-bedroom, 3-bath, 2,926 sq ft home sits on...	3 beds \| 3 baths \| 3,187 sq.ft.	$349,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 7.62% Airbnb Rental Income: $1536 Traditional Rental Income: $2958 Airbnb ROI: 1.94% Traditional ROI: 7.62%
41 SE McCammon Street Sullivan, IN This spacious 1,728 sq ft home offers 3 bedrooms, 2 bathrooms, and plenty of flexibility o...	3 beds \| 2 baths \| 1,728 sq.ft.	$225,000	Airbnb cash on cash: 3.62% Traditional cash on cash: 9.81% Airbnb Rental Income: $1536 Traditional Rental Income: $2409 Airbnb ROI: 3.62% Traditional ROI: 9.81%
206 W Washington Street Sullivan, IN Where History Still Whispers and Home Still Feels Like Home Corner of Washington & Sectio...	4 beds \| 2 baths \| 3,080 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.8% Airbnb Rental Income: $null Traditional Rental Income: $2712 Airbnb ROI: N/A Traditional ROI: 10.8%
524 W Sylvandell Street Sullivan, IN Welcome HOME! This absolutely stunning, almost brand new construction home is perfectly s...	3 beds \| 2 baths \| 1,485 sq.ft.	$219,900	Airbnb cash on cash: 3.62% Traditional cash on cash: 9.83% Airbnb Rental Income: $1536 Traditional Rental Income: $2385 Airbnb ROI: 3.62% Traditional ROI: 9.83%
3055 N County Rd 175 E Sullivan, IN Welcome to this spacious 3,150 sq ft, 4 bed, 3 bath home sitting on 1 acre just off Glendo...	4 beds \| 3 baths \| 3,150 sq.ft.	$242,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.92% Airbnb Rental Income: $null Traditional Rental Income: $3247 Airbnb ROI: N/A Traditional ROI: 11.92%
342 W Indiana Avenue Sullivan, IN Welcome to this inviting 2-bedroom, 2-bath home set on two city lots along a quiet street,...	2 beds \| 2 baths \| 1,054 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $1784 Airbnb ROI: N/A Traditional ROI: 8.68%
5178 N Co Rd 900 West Sullivan, IN The affordable American dream in the Graysville area of Sullivan County. Homes in this ar...	3 beds \| 1 baths \| 2,582 sq.ft.	$158,000	Airbnb cash on cash: 4.77% Traditional cash on cash: 10.43% Airbnb Rental Income: $1536 Traditional Rental Income: $1945 Airbnb ROI: 4.77% Traditional ROI: 10.43%
1981 N County Rd 175 E Sullivan, IN Newly updated tri-level brick home in just minutes from Sullivan Lake! This home features ...	3 beds \| 2 baths \| 1,590 sq.ft.	$260,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 7.18% Airbnb Rental Income: $1536 Traditional Rental Income: $2308 Airbnb ROI: 2.23% Traditional ROI: 7.18%
154 E Northwood Drive Sullivan, IN The Brick Ranch Youâve Been Waiting For If youâve been searching for a home that offe...	3 beds \| 2 baths \| 1,824 sq.ft.	$249,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 8.06% Airbnb Rental Income: $1536 Traditional Rental Income: $2430 Airbnb ROI: 2.39% Traditional ROI: 8.06%
317 W Thompson St Sullivan, IN 317 W Thompson St, Sullivan, IN 47882 \| Single Family Residential	5 beds \| 2 baths \| 2,436 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.83% Airbnb Rental Income: $null Traditional Rental Income: $2471 Airbnb ROI: N/A Traditional ROI: 9.83%
5404 E State Road 54 Highway Sullivan, IN Peaceful country living on 16.5 beautiful acres! This 3-bedroom, 1-bath home offers a grea...	3 beds \| 1 baths \| 2,472 sq.ft.	$260,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 6.39% Airbnb Rental Income: $1536 Traditional Rental Income: $2112 Airbnb ROI: 2.23% Traditional ROI: 6.39%
2689 Holmes Drive Sullivan, IN Located in the desirable Lakeside West area of Sullivan, Indiana, this classic ranch-style...	3 beds \| 2 baths \| 1,846 sq.ft.	$375,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.9% Airbnb Rental Income: $1536 Traditional Rental Income: $2466 Airbnb ROI: 0.99% Traditional ROI: 4.9%
808 N Court Street Sullivan, IN Welcome home! This fully renovated 2-bed, 1-bath city home is the real deal â fully upda...	2 beds \| 1 baths \| 1,045 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.29% Airbnb Rental Income: $null Traditional Rental Income: $1587 Airbnb ROI: N/A Traditional ROI: 9.29%
410 N Cross Street Sullivan, IN Move-In Ready & Completely Remodeled! ??? This charming 2 bedroom, 1 bath home is ready f...	2 beds \| 1 baths \| 816 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $1488 Airbnb ROI: N/A Traditional ROI: 9.33%
309 N French Street Sullivan, IN Refinished and Refined 2 bedroom/1 bath with laundry on the main level in Sullivan! Just b...	2 beds \| 1 baths \| 960 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.48% Airbnb Rental Income: $null Traditional Rental Income: $1518 Airbnb ROI: N/A Traditional ROI: 10.48%
684 W Greenbrier Lane Sullivan, IN Wanting to move? This home is ready for you! One level living in a conveniently located su...	3 beds \| 2 baths \| 1,712 sq.ft.	$264,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 7.52% Airbnb Rental Income: $1536 Traditional Rental Income: $2381 Airbnb ROI: 2.36% Traditional ROI: 7.52%
684 W Greenbriar Sullivan, IN Wanting to move? This home is ready for you! One level living in a conveniently located su...	3 beds \| 2 baths \| 1,712 sq.ft.	$264,900	Airbnb cash on cash: 2.15% Traditional cash on cash: 7.66% Airbnb Rental Income: $1536 Traditional Rental Income: $2468 Airbnb ROI: 2.15% Traditional ROI: 7.66%
963 N Court Street Sullivan, IN Adorable cottage ranch ... 2 BR, 1 1/2 bath, lots of updates. This is a great place to s...	2 beds \| 2 baths \| 1,000 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.73% Airbnb Rental Income: $null Traditional Rental Income: $1754 Airbnb ROI: N/A Traditional ROI: 9.73%
2056 Joy Dr Sullivan, IN New Construction â Move-In Ready! Welcome to this stunning 4-bedroom, 2-bath ranch-style...	4 beds \| 2 baths \| 2,400 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.2% Airbnb Rental Income: $null Traditional Rental Income: $2663 Airbnb ROI: N/A Traditional ROI: 5.2%
410 N French Street Sullivan, IN Well-maintained 3-bedroom, 1,296 sq ft home featuring a beautiful kitchen with warm wood c...	3 beds \| 3 baths \| 1,296 sq.ft.	$220,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 8% Airbnb Rental Income: $1536 Traditional Rental Income: $2143 Airbnb ROI: 2.95% Traditional ROI: 8%
524 W Johnson Street Sullivan, IN Welcome to a truly one-of-a-kind, fully remodeled home where luxury design meets everyday ...	3 beds \| 4 baths \| 2,363 sq.ft.	$298,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 10.59% Airbnb Rental Income: $1536 Traditional Rental Income: $3429 Airbnb ROI: 2.26% Traditional ROI: 10.59%

Real Estate investment in Sullivan, IN

There are 31 properties for sale in the city of Sullivan . The median list price in Sullivan is $217,000 and the average price per square foot is $123. In April 2026, the average monthly cash on cash return in Sullivan is 10.00%. The average monthly rental income in Sullivan is $2,330.

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

There are 31 investment properties available for sale in Sullivan.

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

The ROI for Short-Term is higher than the Long-Term in Sullivan with average rental income of $1,536.

Your search for investment property begins and ends here

Investment Property for Sale in Sullivan, IN

219 S Court Street

Sullivan, IN

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

$137,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1729

Airbnb ROI: N/A

Traditional ROI: 10.56%

443 S State Street

Sullivan, IN

2 beds | 1 baths | 979 sq.ft.

$129,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $935

Airbnb ROI: N/A

Traditional ROI: 5.43%

513 W Washington Street

Sullivan, IN

3 beds | 2 baths | 1,924 sq.ft.

$219,000

Airbnb cash on cash: 3.46%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1536

Traditional Rental Income: $1713

Airbnb ROI: 3.46%

Traditional ROI: 6.46%

4158 W State Road 154

Sullivan, IN

3 beds | 2 baths | 1,836 sq.ft.

$389,000

Airbnb cash on cash: 0.89%

Traditional cash on cash: 3.19%

Airbnb Rental Income: $1536

Traditional Rental Income: $1929

Airbnb ROI: 0.89%

Traditional ROI: 3.19%

2041 N Joy Drive

Sullivan, IN

3 beds | 2 baths | 1,936 sq.ft.

$324,900

Airbnb cash on cash: 1.42%

Traditional cash on cash: 6.18%

Airbnb Rental Income: $1536

Traditional Rental Income: $2544

Airbnb ROI: 1.42%

Traditional ROI: 6.18%

608 E Chaney Street

Sullivan, IN

3 beds | 2 baths | 1,136 sq.ft.

$172,000

Airbnb cash on cash: 4.99%

Traditional cash on cash: 10.63%

Airbnb Rental Income: $1536

Traditional Rental Income: $2016

Airbnb ROI: 4.99%

Traditional ROI: 10.63%

682 E PR RD 265 N

Sullivan, IN

3 beds | 3 baths | 2,376 sq.ft.

$359,000

Airbnb cash on cash: 1.15%

Traditional cash on cash: 7.24%

Airbnb Rental Income: $1536

Traditional Rental Income: $3143

Airbnb ROI: 1.15%

Traditional ROI: 7.24%

2029 N Joy Drive

Sullivan, IN

3 beds | 2 baths | 1,655 sq.ft.

$324,900

Airbnb cash on cash: 1.42%

Traditional cash on cash: 5.65%

Airbnb Rental Income: $1536

Traditional Rental Income: $2381

Airbnb ROI: 1.42%