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    Shelby County, IN Apartment Buildings for Sale

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    Indianapolis, IN Fort Wayne, IN Evansville, IN
    Shelbyville Investment Property: Five Units
    $324,900
    0.19 Acres

    Shelbyville Investment Property: Five Units

    617 W Franklin Street, Shelbyville, IN 46176

    Five-unit investment property in Shelbyville's historic West Side neighborhood.

    • High income potential: Generates almost $50,000 in annual rent revenues.
    • Multi‑unit investment: Features five units (four 1‑bedroom and one studio) in one property.
    • Infrastructural improvements have already been completed.
    • Convenient parking located on a corner with alley access.
    • Situated in the historic West Side of the booming Shelbyville Community.
    Updated: Jan 6
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    Shelbyville Quadruplex Investment Opportunity
    $299,900
    0.09 Acres

    Shelbyville Quadruplex Investment Opportunity

    106-108 W Pennsylvania Street, Shelbyville, IN 46176

    Quadruplex near downtown Shelbyville with stable tenants and low maintenance.

    • High annual rental income of $52,250.
    • Five apartments (three 1/1, one studio, one 2/1) provide diversified income streams.
    • Low‑maintenance metal exterior and baseboard heat system.
    • Recent light rehab with new flooring and paint.
    • Stabilized with new tenants.
    Updated: Jan 11
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Shelby County, IN, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details

    Shelby County, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Shelby County, IN on our real estate platform. These investment opportunities span a total of 12,197 square feet of properties for sale, with an estimated market value of $624,800.

    Sale prices for two-family homes in Shelby County, IN start at $299,900, averaging $312,400, and reaching up to $324,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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