Real Estate Investment Properties for Sale in Lebanon, KY

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
171 West High Street Lebanon, KY Welcome to this inviting home that blends comfort and style! Featuring 3 bedrooms and 2 f...	3 beds \| 2 baths \| 1,504 sq.ft.	$219,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 8.32% Airbnb Rental Income: $986 Traditional Rental Income: $2211 Airbnb ROI: 0.74% Traditional ROI: 8.32%
133 Skyline Drive Lebanon, KY Discover comfort, style and convenience in this exceptional 3 bedroom, 2 full bath home pe...	3 beds \| 2 baths \| 1,452 sq.ft.	$275,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 6.42% Airbnb Rental Income: $986 Traditional Rental Income: $2238 Airbnb ROI: 0.23% Traditional ROI: 6.42%
113 E. Highland Drive Lebanon, KY Located in one of the most desired and family-friendly neighborhoods in all of Lebanon is ...	4 beds \| 2 baths \| 1,614 sq.ft.	$289,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 6.36% Airbnb Rental Income: $1180 Traditional Rental Income: $2336 Airbnb ROI: 0.71% Traditional ROI: 6.36%
318 Hood Avenue Lebanon, KY Conveniently located right in town is where you will find this adorable house ready to be ...	2 beds \| 2 baths \| 870 sq.ft.	$159,900	Airbnb cash on cash: -0.77% Traditional cash on cash: 8.91% Airbnb Rental Income: $537 Traditional Rental Income: $1737 Airbnb ROI: -0.77% Traditional ROI: 8.91%
204 Lee Ave Lebanon, KY	3 beds \| 2 baths \| 1,769 sq.ft.	$249,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 7.48% Airbnb Rental Income: $986 Traditional Rental Income: $2287 Airbnb ROI: 0.44% Traditional ROI: 7.48%
128 Scenic Hill Drive Lebanon, KY Here is an adorable brick ranch nestled in the beautiful Ridge View Subdivision and ready ...	3 beds \| 2 baths \| 1,322 sq.ft.	$259,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.22% Airbnb Rental Income: $986 Traditional Rental Income: $1582 Airbnb ROI: 0.35% Traditional ROI: 4.22%
667 Kelly Way Lebanon, KY Here is an adorable brick ranch conveniently located in the Rolling Hills Subdivision and ...	3 beds \| 1 baths \| 1,102 sq.ft.	$195,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.18% Airbnb Rental Income: $986 Traditional Rental Income: $1109 Airbnb ROI: 1.61% Traditional ROI: 4.18%
255 North Proctor Knott Ave Lebanon, KY Located a couple of blocks from downtown Lebanon is this two story, 4 bedroom, 2.5 bath ho...	4 beds \| 3 baths \| 2,230 sq.ft.	$244,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 7.41% Airbnb Rental Income: $1180 Traditional Rental Income: $2238 Airbnb ROI: 1.18% Traditional ROI: 7.41%
406 S. Proctor Knott Avenue Lebanon, KY Every so often you come across a place that stops you in your tracks and leaves you speech...	5 beds \| 4 baths \| 4,499 sq.ft.	$999,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $4300 Airbnb ROI: N/A Traditional ROI: 3.5%
2360 danville hwy Lebanon, KY Looking for a move-in ready Home look no further!!! This newly renovated spacious home has...	3 beds \| 2 baths \| 2,304 sq.ft.	$399,900	Airbnb cash on cash: -0.42% Traditional cash on cash: 4.58% Airbnb Rental Income: $986 Traditional Rental Income: $2507 Airbnb ROI: -0.42% Traditional ROI: 4.58%
167 W. High Street Lebanon, KY SOLD AS IS - CASH OR CONVENTIONAL LOAN ONLY --- WOW... here is a beautiful home that brill...	3 beds \| 2 baths \| 2,286 sq.ft.	$205,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 10.82% Airbnb Rental Income: $986 Traditional Rental Income: $2417 Airbnb ROI: 1.65% Traditional ROI: 10.82%
634 N. Spalding Avenue Lebanon, KY Welcome home to this darling brick ranch conveniently located close to town and boasting 2...	4 beds \| 3 baths \| 2,066 sq.ft.	$279,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 8.26% Airbnb Rental Income: $1180 Traditional Rental Income: $2632 Airbnb ROI: 1.3% Traditional ROI: 8.26%
275 Windy Lane Lebanon, KY Here is a gorgeous home with delightful curb appeal and sitting on some acreage out in the...	3 beds \| 3 baths \| 1,828 sq.ft.	$374,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.75% Airbnb Rental Income: $986 Traditional Rental Income: $2325 Airbnb ROI: -0.06% Traditional ROI: 4.75%
145 Castleberry St Lebanon, KY 145 Castleberry St, Lebanon, KY 40033 \| Single Family Residential	3 beds \| 2 baths \| 1,300 sq.ft.	$218,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.92% Airbnb Rental Income: $986 Traditional Rental Income: $1697 Airbnb ROI: 0.76% Traditional ROI: 5.92%
318 Shuck Avenue Lebanon, KY This completely renovated 3-bedroom, 1-full-bath home is located on a quiet dead-end stree...	3 beds \| 1 baths \| 1,184 sq.ft.	$170,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 8.07% Airbnb Rental Income: $986 Traditional Rental Income: $1701 Airbnb ROI: 1.48% Traditional ROI: 8.07%
154 Beechwood Street Lebanon, KY Why settle for ordinary when you can have comfort, style, and convenience all wrapped into...	3 beds \| 2 baths \| 1,196 sq.ft.	$210,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 7.39% Airbnb Rental Income: $986 Traditional Rental Income: $1934 Airbnb ROI: 0.86% Traditional ROI: 7.39%
1921 Sulphur Springs Road Lebanon, KY Brand-new construction offering the perfect blend of space, style, and value. This 3-bedro...	3 beds \| 2 baths \| 1,280 sq.ft.	$179,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 8.83% Airbnb Rental Income: $986 Traditional Rental Income: $1913 Airbnb ROI: 1.32% Traditional ROI: 8.83%
751 Carrico Loop Lebanon, KY Come immerse yourself in style and class with this newly built home nestled in the newly d...	3 beds \| 2 baths \| 1,522 sq.ft.	$349,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 4.68% Airbnb Rental Income: $986 Traditional Rental Income: $2241 Airbnb ROI: -0.21% Traditional ROI: 4.68%
2025 Hundley Lane Lebanon, KY You're looking at the site for the newest home on the block as this new construction is se...	3 beds \| 2 baths \| 1,254 sq.ft.	$235,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 7.29% Airbnb Rental Income: $986 Traditional Rental Income: $2011 Airbnb ROI: 1.09% Traditional ROI: 7.29%
423 Country Club Drive Lebanon, KY 40 x 42 garage with living area and a 2-car garage that is heated and cooled. This place i...	4 beds \| 1 baths \| N/A	$195,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 8.18% Airbnb Rental Income: $1180 Traditional Rental Income: $1951 Airbnb ROI: 1.93% Traditional ROI: 8.18%
181 Royal View Drive Lebanon, KY If you are looking for charm and luxury... look no further as you just found it with this ...	4 beds \| 4 baths \| 3,280 sq.ft.	$519,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 4.97% Airbnb Rental Income: $1180 Traditional Rental Income: $3408 Airbnb ROI: -0.41% Traditional ROI: 4.97%
209 S. Farmington Drive Lebanon, KY Located in one of the most desired neighborhoods in all of Lebanon is where you will find ...	3 beds \| 2 baths \| 1,541 sq.ft.	$299,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 5.74% Airbnb Rental Income: $986 Traditional Rental Income: $2134 Airbnb ROI: 0.42% Traditional ROI: 5.74%
233 E. Mulberry Lebanon, KY 233 E. Mulberry is where you find this move in ready home on a nice corner lot. This home ...	2 beds \| 1 baths \| 896 sq.ft.	$179,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 6.81% Airbnb Rental Income: $537 Traditional Rental Income: $1460 Airbnb ROI: -0.25% Traditional ROI: 6.81%
3999 N Loretto Rd Lebanon, KY 3999 N Loretto Rd, Lebanon, KY 40033 \| Single Family Residential	4 beds \| 1 baths \| 1,440 sq.ft.	$239,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 5.68% Airbnb Rental Income: $1180 Traditional Rental Income: $1801 Airbnb ROI: 1.24% Traditional ROI: 5.68%
353 J F Kennedy Lane Lebanon, KY Brick ranch in a quiet neighborhood perfect for your first or retirement home! This 3 bedr...	3 beds \| 1 baths \| 1,308 sq.ft.	$229,500	Airbnb cash on cash: 0.64% Traditional cash on cash: 5.36% Airbnb Rental Income: $986 Traditional Rental Income: $1658 Airbnb ROI: 0.64% Traditional ROI: 5.36%
141 Royal View Drive Lebanon, KY Imagine owning an extraordinary property nestled in the esteemed Rosewood Estates subdivis...	3 beds \| 2 baths \| 1,752 sq.ft.	$355,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 4.96% Airbnb Rental Income: $986 Traditional Rental Income: $2352 Airbnb ROI: -0.2% Traditional ROI: 4.96%
714 Westland Dr Lebanon, KY 714 Westland Dr, Lebanon, KY 40033 \| Single Family Residential	3 beds \| 1 baths \| 1,548 sq.ft.	$295,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.22% Airbnb Rental Income: $986 Traditional Rental Income: $1780 Airbnb ROI: 0.09% Traditional ROI: 4.22%
230 Rose Wood Dr Lebanon, KY 230 Rose Wood Dr, Lebanon, KY 40033 \| Single Family Residential	4 beds \| 3 baths \| 3,525 sq.ft.	$625,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 2.48% Airbnb Rental Income: $1180 Traditional Rental Income: $2630 Airbnb ROI: -0.67% Traditional ROI: 2.48%
25 Denise Dr Lebanon, KY Nice 3 bed, 2 bath home off Miller Pike in a great neighborhood!!! This home features an ...	3 beds \| 2 baths \| 1,400 sq.ft.	$239,900	Airbnb cash on cash: 1.1% Traditional cash on cash: 7.39% Airbnb Rental Income: $986 Traditional Rental Income: $2059 Airbnb ROI: 1.1% Traditional ROI: 7.39%
644 Kelly Way Lebanon, KY Located in a desirable neighborhood, this 3 bedroom, one bath offers great potential for a...	3 beds \| 1 baths \| 136,300 sq.ft.	$135,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 11.54% Airbnb Rental Income: $986 Traditional Rental Income: $1829 Airbnb ROI: 2.31% Traditional ROI: 11.54%
2055 Sulphur Springs Road Lebanon, KY Brand-new construction offering the perfect blend of space, style, and value. This 3-bedro...	3 beds \| 2 baths \| 1,493 sq.ft.	$184,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 9.82% Airbnb Rental Income: $986 Traditional Rental Income: $2146 Airbnb ROI: 1.21% Traditional ROI: 9.82%
113 Clearwater Drive Lebanon, KY NEW CONSTRUCTION Move-in Ready!! The Abigail-Elevation B by James Monroe Homes. The award-...	4 beds \| 3 baths \| 2,278 sq.ft.	$444,999	Airbnb cash on cash: -0.17% Traditional cash on cash: 3.27% Airbnb Rental Income: $1180 Traditional Rental Income: $2228 Airbnb ROI: -0.17% Traditional ROI: 3.27%
132 Clearwater Drive Lebanon, KY NEW CONSTRUCTION. Move-in Ready! The Lucy floorplan Farmhouse elevation by James Monroe Ho...	4 beds \| 3 baths \| 2,016 sq.ft.	$441,999	Airbnb cash on cash: -0.16% Traditional cash on cash: 3.78% Airbnb Rental Income: $1180 Traditional Rental Income: $2427 Airbnb ROI: -0.16% Traditional ROI: 3.78%

Real Estate investment in Lebanon, KY

There are 33 properties for sale in the city of Lebanon . The median list price in Lebanon is $239,876 and the average price per square foot is $84. In June 2026, the average monthly cash on cash return in Lebanon is 7.00%. The average monthly rental income in Lebanon is $2,134.

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

There are 33 investment properties available for sale in Lebanon.

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

The ROI for Long-Term is higher than the Short-Term in Lebanon with average rental income of $2,134.

Your search for investment property begins and ends here

Investment Property for Sale in Lebanon, KY

171 West High Street

Lebanon, KY

3 beds | 2 baths | 1,504 sq.ft.

$219,900

Airbnb cash on cash: 0.74%

Traditional cash on cash: 8.32%

Airbnb Rental Income: $986

Traditional Rental Income: $2211

Airbnb ROI: 0.74%

Traditional ROI: 8.32%

133 Skyline Drive

Lebanon, KY

3 beds | 2 baths | 1,452 sq.ft.

$275,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $986

Traditional Rental Income: $2238

Airbnb ROI: 0.23%

Traditional ROI: 6.42%

113 E. Highland Drive

Lebanon, KY

4 beds | 2 baths | 1,614 sq.ft.

$289,900

Airbnb cash on cash: 0.71%

Traditional cash on cash: 6.36%

Airbnb Rental Income: $1180

Traditional Rental Income: $2336

Airbnb ROI: 0.71%

Traditional ROI: 6.36%

318 Hood Avenue

Lebanon, KY

2 beds | 2 baths | 870 sq.ft.

$159,900

Airbnb cash on cash: -0.77%

Traditional cash on cash: 8.91%

Airbnb Rental Income: $537

Traditional Rental Income: $1737

Airbnb ROI: -0.77%

Traditional ROI: 8.91%

204 Lee Ave

Lebanon, KY

3 beds | 2 baths | 1,769 sq.ft.

$249,000

Airbnb cash on cash: 0.44%

Traditional cash on cash: 7.48%

Airbnb Rental Income: $986

Traditional Rental Income: $2287

Airbnb ROI: 0.44%

Traditional ROI: 7.48%

128 Scenic Hill Drive

Lebanon, KY

3 beds | 2 baths | 1,322 sq.ft.

$259,900

Airbnb cash on cash: 0.35%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $986

Traditional Rental Income: $1582

Airbnb ROI: 0.35%

Traditional ROI: 4.22%

667 Kelly Way

Lebanon, KY

3 beds | 1 baths | 1,102 sq.ft.

$195,000

Airbnb cash on cash: 1.61%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $986

Traditional Rental Income: $1109

Airbnb ROI: 1.61%

Traditional ROI: 4.18%

255 North Proctor Knott Ave

Lebanon, KY

4 beds | 3 baths | 2,230 sq.ft.

$244,900

Airbnb cash on cash: 1.18%

Traditional cash on cash: 7.41%

Airbnb Rental Income: $1180

Traditional Rental Income: $2238

Airbnb ROI: 1.18%