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
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: 0.06% Traditional cash on cash: 6.46% Airbnb Rental Income: $691 Traditional Rental Income: $1713 Airbnb ROI: 0.06% 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.	$384,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 3.25% Airbnb Rental Income: $691 Traditional Rental Income: $1929 Airbnb ROI: -1.03% Traditional ROI: 3.25%
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.	$354,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 7.36% Airbnb Rental Income: $691 Traditional Rental Income: $3143 Airbnb ROI: -0.93% Traditional ROI: 7.36%
2005 W Co Rd 450 S Sullivan, IN This peaceful dream country homestead is located on 6.4 beautiful acres with a very nice p...	3 beds \| 2 baths \| 1,924 sq.ft.	$484,900	Airbnb cash on cash: -0.93% Traditional cash on cash: 3.6% Airbnb Rental Income: $691 Traditional Rental Income: $2443 Airbnb ROI: -0.93% Traditional ROI: 3.6%
5178 N Co Rd 900 W Sullivan, IN The affordable American dream in the Graysville area of Sullivan County. Homes in this are...	3 beds \| 1 baths \| 2,582 sq.ft.	$158,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 10.43% Airbnb Rental Income: $691 Traditional Rental Income: $1945 Airbnb ROI: 0.1% Traditional ROI: 10.43%
1981 N County Rd 175 E Sullivan, IN Newly updated tri-level brick home just minutes from Sullivan Lake! This home features 3 b...	3 beds \| 2 baths \| 1,590 sq.ft.	$229,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 8.34% Airbnb Rental Income: $691 Traditional Rental Income: $2308 Airbnb ROI: -0.49% Traditional ROI: 8.34%
154 E Northwood Drive Sullivan, IN The Brick Ranch You've Been Waiting For If you've been searching for a home that offers sp...	3 beds \| 2 baths \| 1,824 sq.ft.	$249,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 8.06% Airbnb Rental Income: $691 Traditional Rental Income: $2430 Airbnb ROI: -0.6% Traditional ROI: 8.06%
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: -0.64% Traditional cash on cash: 6.39% Airbnb Rental Income: $691 Traditional Rental Income: $2112 Airbnb ROI: -0.64% Traditional ROI: 6.39%
808 N Court Street Sullivan, IN Welcome home! This fully renovated 2-bed, 1-bath city home is the real deal - fully update...	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 fo...	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%
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.	$251,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 7.99% Airbnb Rental Income: $691 Traditional Rental Income: $2381 Airbnb ROI: -0.43% Traditional ROI: 7.99%
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.	$251,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 8.18% Airbnb Rental Income: $691 Traditional Rental Income: $2468 Airbnb ROI: -0.6% Traditional ROI: 8.18%
2056 Joy Dr Sullivan, IN New Construction - Move-In Ready! Welcome to this stunning 4-bedroom, 2-bath ranch-style h...	4 beds \| 2 baths \| 2,400 sq.ft.	$369,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.57% Airbnb Rental Income: $null Traditional Rental Income: $2663 Airbnb ROI: N/A Traditional ROI: 5.57%
248 W Beech St Sullivan, IN Three LOTS! 0.72 of an acre Beautiful brick 3-bedroom, 2-bath home offering space, charact...	3 beds \| 2 baths \| 1,408 sq.ft.	$224,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 9.25% Airbnb Rental Income: $691 Traditional Rental Income: $2379 Airbnb ROI: -0.11% Traditional ROI: 9.25%
554 S Court Street Sullivan, IN This one is seriously as cute as they come. Sitting on a spacious half-acre lot, this 3 be...	3 beds \| 2 baths \| 1,460 sq.ft.	$185,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 11.37% Airbnb Rental Income: $691 Traditional Rental Income: $2323 Airbnb ROI: 0.37% Traditional ROI: 11.37%
1683 E Springwood Drive Sullivan, IN Lake front property!! Your dreams start here! Tucked away on waterfront property in a peac...	3 beds \| 2 baths \| 2,506 sq.ft.	$439,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 4.98% Airbnb Rental Income: $691 Traditional Rental Income: $2769 Airbnb ROI: -0.81% Traditional ROI: 4.98%
731 W Wolfe Street Sullivan, IN Welcome to this fully renovated brick ranch located in Greenbriar Subdivision! This home i...	3 beds \| 2 baths \| 1,254 sq.ft.	$225,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 5.96% Airbnb Rental Income: $691 Traditional Rental Income: $1755 Airbnb ROI: -0.46% Traditional ROI: 5.96%
231 S Main Street Sullivan, IN This gorgeous home is located right in the heart of Sullivan, & it has the perfect mix of ...	4 beds \| 3 baths \| 2,732 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.82% Airbnb Rental Income: $null Traditional Rental Income: $2955 Airbnb ROI: N/A Traditional ROI: 8.82%
902 E Co Rd 300 N Sullivan, IN Spacious and beautifully updated 4 bedroom, 3 full bath home offering nearly 2,976 square ...	4 beds \| 3 baths \| 2,976 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.11% Airbnb Rental Income: $null Traditional Rental Income: $3205 Airbnb ROI: N/A Traditional ROI: 10.11%
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%

Real Estate investment in Sullivan, IN

There are 21 properties for sale in the city of Sullivan . The median list price in Sullivan is $129,183 and the average price per square foot is $73. In June 2026, the average monthly cash on cash return in Sullivan is 9.00%. The average monthly rental income in Sullivan is $2,122.

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

There are 21 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 $691.

Your search for investment property begins and ends here

Investment Property for Sale in Sullivan, IN

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: 0.06%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $691

Traditional Rental Income: $1713

Airbnb ROI: 0.06%

Traditional ROI: 6.46%

4158 W State Road 154

Sullivan, IN

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

$384,000

Airbnb cash on cash: -1.03%

Traditional cash on cash: 3.25%

Airbnb Rental Income: $691

Traditional Rental Income: $1929

Airbnb ROI: -1.03%

Traditional ROI: 3.25%

682 E PR RD 265 N

Sullivan, IN

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

$354,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 7.36%

Airbnb Rental Income: $691

Traditional Rental Income: $3143

Airbnb ROI: -0.93%

Traditional ROI: 7.36%

2005 W Co Rd 450 S

Sullivan, IN

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

$484,900

Airbnb cash on cash: -0.93%

Traditional cash on cash: 3.6%

Airbnb Rental Income: $691

Traditional Rental Income: $2443

Airbnb ROI: -0.93%

Traditional ROI: 3.6%

5178 N Co Rd 900 W

Sullivan, IN

3 beds | 1 baths | 2,582 sq.ft.

$158,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 10.43%

Airbnb Rental Income: $691

Traditional Rental Income: $1945

Airbnb ROI: 0.1%

Traditional ROI: 10.43%

1981 N County Rd 175 E

Sullivan, IN

3 beds | 2 baths | 1,590 sq.ft.

$229,900

Airbnb cash on cash: -0.49%

Traditional cash on cash: 8.34%

Airbnb Rental Income: $691

Traditional Rental Income: $2308

Airbnb ROI: -0.49%

Traditional ROI: 8.34%

154 E Northwood Drive

Sullivan, IN

3 beds | 2 baths | 1,824 sq.ft.

$249,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 8.06%

Airbnb Rental Income: $691

Traditional Rental Income: $2430

Airbnb ROI: -0.6%