Real Estate Investment Properties for Sale in Lancaster, KY

Looking for investment property in Lancaster, KY with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
172 Sylvan Way Lancaster, KY Discover this stunning 1.5-story home situated on 1.54 acres, offering the perfect blend o...	4 beds \| 3 baths \| 2,855 sq.ft.	$463,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.54% Airbnb Rental Income: $1446 Traditional Rental Income: $2983 Airbnb ROI: 1% Traditional ROI: 5.54%
733 Richmond Rd Loop 1 Lancaster, KY TWO Homes on 27 Acres! Multi-Generational Living, Airbnb Income Potential & Homesteading R...	5 beds \| 4 baths \| 2,934 sq.ft.	$725,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 2.99% Airbnb Rental Income: $4130 Traditional Rental Income: $3368 Airbnb ROI: 2.82% Traditional ROI: 2.99%
110 Ridgeway Drive Lancaster, KY Welcome home to this cute and cozy 2-bedroom, 2-bath gem nestled in a quiet neighborhood j...	2 beds \| 2 baths \| 1,136 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.09% Airbnb Rental Income: $null Traditional Rental Income: $966 Airbnb ROI: N/A Traditional ROI: 4.09%
143 Royalty Drive Lancaster, KY This is truly a rare find offering space, style, and endless possibilities, all wrapped in...	5 beds \| 4 baths \| 3,080 sq.ft.	$659,900	Airbnb cash on cash: 3.28% Traditional cash on cash: 3.89% Airbnb Rental Income: $4130 Traditional Rental Income: $3630 Airbnb ROI: 3.28% Traditional ROI: 3.89%
142 Country Lane Lancaster, KY Fully fenced 1.2 acres with a park like feel. This 2420 square foot home will accommodate ...	4 beds \| 3 baths \| 2,420 sq.ft.	$385,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.85% Airbnb Rental Income: $1446 Traditional Rental Income: $2704 Airbnb ROI: 1.18% Traditional ROI: 5.85%
635 Lakeside Drive Lancaster, KY Price Improvement! Check this amazing home and take advantage of the NEW PRICE! Experience...	5 beds \| 4 baths \| 3,104 sq.ft.	$724,900	Airbnb cash on cash: 2.78% Traditional cash on cash: 2.38% Airbnb Rental Income: $4130 Traditional Rental Income: $2984 Airbnb ROI: 2.78% Traditional ROI: 2.38%
1465 Chenault Bridge Road Lancaster, KY This 4 bedroom 2 bath 1 level home with a carport and detached garage on close to an acre ...	4 beds \| 2 baths \| 1,470 sq.ft.	$240,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.95% Airbnb Rental Income: $1446 Traditional Rental Income: $1472 Airbnb ROI: 2.94% Traditional ROI: 4.95%
320 Stanford Street Lancaster, KY A great investment or personal residence opportunity in the heart of Lancaster that has be...	3 beds \| 2 baths \| 1,215 sq.ft.	$136,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 9.71% Airbnb Rental Income: $1370 Traditional Rental Income: $1612 Airbnb ROI: 4.69% Traditional ROI: 9.71%
755 Hunter Drive Lancaster, KY Custom built home in Woodlawn Estates...This Brick Ranch is not only a "Smart Home" but is...	3 beds \| 2 baths \| 2,114 sq.ft.	$679,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.28% Airbnb Rental Income: $1370 Traditional Rental Income: $2713 Airbnb ROI: -0.5% Traditional ROI: 2.28%
2458 High Bridge Road Lancaster, KY Welcome to a truly one-of-a-kind opportunity - an extraordinary 85.5+/- acre gated farm of...	4 beds \| 3 baths \| 3,910 sq.ft.	$1,050,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 1.75% Airbnb Rental Income: $1446 Traditional Rental Income: $2924 Airbnb ROI: -0.2% Traditional ROI: 1.75%
201 Danville Street Lancaster, KY All 4 units renovated approx. 2 years ago. All 4 heat pumps replaced, new roof, new back d...	8 beds \| 4 baths \| 3,400 sq.ft.	$499,500	Airbnb cash on cash: 5.4% Traditional cash on cash: 4.95% Airbnb Rental Income: $4130 Traditional Rental Income: $3044 Airbnb ROI: 5.4% Traditional ROI: 4.95%
68 Meadow Point Drive Lancaster, KY Experience elevated lakefront living in this meticulously crafted 2024 home on Lake Herrin...	3 beds \| 4 baths \| 3,986 sq.ft.	$950,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 2.33% Airbnb Rental Income: $1370 Traditional Rental Income: $3391 Airbnb ROI: -0.43% Traditional ROI: 2.33%
1133 Bryants Camp Road Lancaster, KY Super nice remodeled lakefront ranch with a beautiful lake view and good lake access. Lake...	3 beds \| 2 baths \| 1,500 sq.ft.	$319,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 5.53% Airbnb Rental Income: $1370 Traditional Rental Income: $2188 Airbnb ROI: 1.42% Traditional ROI: 5.53%
136 Pin Oak Drive Lancaster, KY Step into comfort and character with this inviting, 3 Bedroom 2 Bath Brick home nestled in...	3 beds \| 2 baths \| 1,815 sq.ft.	$239,900	Airbnb cash on cash: 2.3% Traditional cash on cash: 8.97% Airbnb Rental Income: $1370 Traditional Rental Income: $2466 Airbnb ROI: 2.3% Traditional ROI: 8.97%
408 Herrington Haven Road Lancaster, KY Priced far below recent appraisal!!! This is the perfect getaway! This charming cabin-styl...	4 beds \| 3 baths \| 2,891 sq.ft.	$465,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.19% Airbnb Rental Income: $1446 Traditional Rental Income: $2948 Airbnb ROI: 0.76% Traditional ROI: 5.19%
47 Hills Lane Lancaster, KY Discover stunning vistas and exceptional craftsmanship in this newly built modern farmhous...	4 beds \| 3 baths \| 3,100 sq.ft.	$799,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 2.11% Airbnb Rental Income: $1446 Traditional Rental Income: $3072 Airbnb ROI: -0.65% Traditional ROI: 2.11%
1548 High Bridge Road Lancaster, KY Welcome home to your personal slice of picturesque Kentucky countryside! Centrally located...	5 beds \| 3 baths \| 2,741 sq.ft.	$549,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 3.58% Airbnb Rental Income: $4130 Traditional Rental Income: $2887 Airbnb ROI: 4.3% Traditional ROI: 3.58%
130 Kay Avenue Lancaster, KY Spacious, functional, and full of potential-this 5-bedroom home is perfectly situated at t...	5 beds \| 3 baths \| 4,705 sq.ft.	$650,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 4.7% Airbnb Rental Income: $4130 Traditional Rental Income: $3754 Airbnb ROI: 3.87% Traditional ROI: 4.7%
2280 High Bridge Road Lancaster, KY Brand-new construction ranch home set on a full acre with sweeping views of the countrysid...	3 beds \| 3 baths \| 1,650 sq.ft.	$339,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 6.2% Airbnb Rental Income: $1370 Traditional Rental Income: $2389 Airbnb ROI: 1.69% Traditional ROI: 6.2%
322 Hide Away Cove Lancaster, KY Price reduced! Priced below appraised value! Motivated sellers! Come view this beautiful R...	3 beds \| 2 baths \| 1,250 sq.ft.	$261,500	Airbnb cash on cash: 1.95% Traditional cash on cash: 6.3% Airbnb Rental Income: $1370 Traditional Rental Income: $2025 Airbnb ROI: 1.95% Traditional ROI: 6.3%
910 Hunter Drive Lancaster, KY Luxury - Leisure - Location...Live the lifestyle you've dreamed of - This Lakefront luxury...	4 beds \| 3 baths \| 3,616 sq.ft.	$849,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 2.95% Airbnb Rental Income: $1446 Traditional Rental Income: $3488 Airbnb ROI: -0.17% Traditional ROI: 2.95%
61 Boones Creek Road Lancaster, KY If you are looking for a rural setting with easy access to the city for work, look no furt...	3 beds \| 2 baths \| 1,640 sq.ft.	$410,300	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.14% Airbnb Rental Income: $1370 Traditional Rental Income: $2397 Airbnb ROI: 0.38% Traditional ROI: 4.14%
109 Pin Oak Drive Lancaster, KY Welcome to this beautiful semi-open concept 3-bedroom, 2-bathroom brick home just minutes ...	3 beds \| 2 baths \| 1,799 sq.ft.	$249,900	Airbnb cash on cash: 1.79% Traditional cash on cash: 8.1% Airbnb Rental Income: $1370 Traditional Rental Income: $2443 Airbnb ROI: 1.79% Traditional ROI: 8.1%
1577 Hunter Drive Lancaster, KY (*Updated Photos will be added weekly until completion. Estimated Completion February 2026...	3 beds \| 2 baths \| 2,312 sq.ft.	$659,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 2.18% Airbnb Rental Income: $1370 Traditional Rental Income: $2574 Airbnb ROI: -0.46% Traditional ROI: 2.18%
207 S Homestead Lane Lancaster, KY Welcome to peaceful lake-country living! This beautiful one-level home offers 3 bedrooms, ...	3 beds \| 2 baths \| 2,469 sq.ft.	$354,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.66% Airbnb Rental Income: $1370 Traditional Rental Income: $2466 Airbnb ROI: 1.12% Traditional ROI: 5.66%
2334 High Bridge Road Lancaster, KY Affordable luxury meets country living! No expense was spared or corners cut in the design...	3 beds \| 2 baths \| 1,717 sq.ft.	$369,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.81% Airbnb Rental Income: $1370 Traditional Rental Income: $2405 Airbnb ROI: 0.62% Traditional ROI: 4.81%
535 Twin Lakes Drive Lancaster, KY Welcome to a rare opportunity to own an exceptional property where modern comfort meets se...	4 beds \| 4 baths \| 3,368 sq.ft.	$950,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.87% Airbnb Rental Income: $1446 Traditional Rental Income: $4273 Airbnb ROI: -0.81% Traditional ROI: 2.87%
479 Dorton Drive Lancaster, KY This is the kind of home that immediately feels right. Solid brick construction, a clean s...	3 beds \| 2 baths \| 1,902 sq.ft.	$389,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 4.44% Airbnb Rental Income: $1370 Traditional Rental Income: $2392 Airbnb ROI: 0.5% Traditional ROI: 4.44%
343 Ron Clar Drive Lancaster, KY Tucked away in the coveted No Wake zone of Hidden Point on Herrington Lake, this beautiful...	5 beds \| 4 baths \| 2,900 sq.ft.	$1,200,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 1.51% Airbnb Rental Income: $4130 Traditional Rental Income: $3843 Airbnb ROI: 0.98% Traditional ROI: 1.51%
803 New Haven Road Lancaster, KY Spacious and serene, this 4-bedroom, 3-full-bath home sits on a peaceful 1-acre lot offeri...	4 beds \| 3 baths \| 1,782 sq.ft.	$285,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 6.56% Airbnb Rental Income: $1446 Traditional Rental Income: $2352 Airbnb ROI: 1.59% Traditional ROI: 6.56%
126 Price Court Lancaster, KY Discover the perfect blend of character and modern updates in this move-in-ready 2-bedroom...	2 beds \| 2 baths \| 988 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.82% Airbnb Rental Income: $null Traditional Rental Income: $1675 Airbnb ROI: N/A Traditional ROI: 11.82%
722 Bryant'S Camp Road Lancaster, KY This two bedroom, one bathroom lakehouse is all about time well spent on Herrington Lake. ...	2 beds \| 1 baths \| 1,151 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.71% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 5.71%
109 Edwards Court Lancaster, KY Welcome home to this stunning two-story home with attached two car garage that is situated...	4 beds \| 2 baths \| 2,728 sq.ft.	$394,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.13% Airbnb Rental Income: $1446 Traditional Rental Income: $3042 Airbnb ROI: 0.65% Traditional ROI: 6.13%
198 Conns Lane Lancaster, KY This updated & well-maintained brick ranch on a partially finished basement offers space, ...	4 beds \| 1 baths \| 1,904 sq.ft.	$249,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 5.97% Airbnb Rental Income: $1446 Traditional Rental Income: $1933 Airbnb ROI: 2.07% Traditional ROI: 5.97%
807 Hide Away Cove Road Lancaster, KY Completely Renovated 3-Story Home Near Herrington Lake Experience luxury, space, and conve...	5 beds \| 4 baths \| 4,022 sq.ft.	$399,000	Airbnb cash on cash: 6.59% Traditional cash on cash: 3.82% Airbnb Rental Income: $4130 Traditional Rental Income: $2214 Airbnb ROI: 6.59% Traditional ROI: 3.82%
1810 Kirksville Road Lancaster, KY Log cabin built in the 1700's consisting of 3 bedrooms, formal dining room and 3 fireplace...	3 beds \| 1 baths \| 1,630 sq.ft.	$255,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 6.51% Airbnb Rental Income: $1370 Traditional Rental Income: $2107 Airbnb ROI: 1.72% Traditional ROI: 6.51%
273 Hidden Hills Road Lancaster, KY Completely remodeled modern home with approx. 1,344 sq ft on the main level PLUS approx. 1...	4 beds \| 3 baths \| 2,448 sq.ft.	$295,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 9% Airbnb Rental Income: $1446 Traditional Rental Income: $2937 Airbnb ROI: 2.08% Traditional ROI: 9%
306 Richmond Street Lancaster, KY Charming 1945 Home with Updates and Bonus Space! This is a classic 1945 home full of chara...	2 beds \| 1 baths \| 1,620 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $1848 Airbnb ROI: N/A Traditional ROI: 6.82%
136 Country Lane Lancaster, KY Come and check out the comfort, convenience, and space in this beautifully maintained 3-be...	4 beds \| 3 baths \| 1,815 sq.ft.	$309,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 6.5% Airbnb Rental Income: $1446 Traditional Rental Income: $2521 Airbnb ROI: 1.32% Traditional ROI: 6.5%
705 Richmond Rd Loop 1 Lancaster, KY Discover your dream home in this beautifully remodeled residence nestled in a tranquil cou...	3 beds \| 2 baths \| 1,587 sq.ft.	$227,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 9.21% Airbnb Rental Income: $1370 Traditional Rental Income: $2357 Airbnb ROI: 2.68% Traditional ROI: 9.21%

Real Estate investment in Lancaster, KY

There are 51 properties for sale in the city of Lancaster . The median list price in Lancaster is $346,950 and the average price per square foot is $152. In March 2026, the average monthly cash on cash return in Lancaster is 6.00%. The average monthly rental income in Lancaster is $2,501.

Lancaster, KY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 51 investment properties available for sale in Lancaster.

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

The ROI for Long-Term is higher than the Short-Term in Lancaster with average rental income of $2,501.

Your search for investment property begins and ends here

Investment Property for Sale in Lancaster, KY

172 Sylvan Way

Lancaster, KY

4 beds | 3 baths | 2,855 sq.ft.

$463,000

Airbnb cash on cash: 1%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $1446

Traditional Rental Income: $2983

Airbnb ROI: 1%

Traditional ROI: 5.54%

733 Richmond Rd Loop 1

Lancaster, KY

5 beds | 4 baths | 2,934 sq.ft.

$725,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $4130

Traditional Rental Income: $3368

Airbnb ROI: 2.82%

Traditional ROI: 2.99%

110 Ridgeway Drive

Lancaster, KY

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

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.09%

Airbnb Rental Income: $null

Traditional Rental Income: $966

Airbnb ROI: N/A

Traditional ROI: 4.09%

143 Royalty Drive

Lancaster, KY

5 beds | 4 baths | 3,080 sq.ft.

$659,900

Airbnb cash on cash: 3.28%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $4130

Traditional Rental Income: $3630

Airbnb ROI: 3.28%

Traditional ROI: 3.89%

142 Country Lane

Lancaster, KY

4 beds | 3 baths | 2,420 sq.ft.

$385,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $1446

Traditional Rental Income: $2704

Airbnb ROI: 1.18%

Traditional ROI: 5.85%

635 Lakeside Drive

Lancaster, KY

5 beds | 4 baths | 3,104 sq.ft.

$724,900

Airbnb cash on cash: 2.78%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $4130

Traditional Rental Income: $2984

Airbnb ROI: 2.78%

Traditional ROI: 2.38%

1465 Chenault Bridge Road

Lancaster, KY

4 beds | 2 baths | 1,470 sq.ft.

$240,000

Airbnb cash on cash: 2.94%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1446

Traditional Rental Income: $1472

Airbnb ROI: 2.94%

Traditional ROI: 4.95%

320 Stanford Street

Lancaster, KY

3 beds | 2 baths | 1,215 sq.ft.

$136,900

Airbnb cash on cash: 4.69%

Traditional cash on cash: 9.71%

Airbnb Rental Income: $1370

Traditional Rental Income: $1612

Airbnb ROI: 4.69%