Apartment Building

Shelbyville, IN Apartment Buildings for Sale

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Five-Unit Apartment Building with Parking
Updated: Jan 6
Five-Unit Apartment Building with Parking

617 W Franklin Street, Shelbyville, IN 46176

$299,999
0.19 AC lot
5‑unit rental property with Four 1‑bedroom units and one studio
Almost $50,000 in annual rent revenue reported
Owner pays all utilities, with tenants reimbursing
Historic West Side property with Colonial architectural style; vinyl siding
Corner location with easy tenant parking via alley
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Five-Unit Mixed-Use Building
Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 47362

$325,000
7,872 sqft 0.10 AC lot

Five-unit property with fully renovated residential units and updated bathrooms, with utilities separately metered for tenants.

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Two-Site Townhome Portfolio
Two-Site Townhome Portfolio

412 E County Line Rd, Indianapolis, IN 46227

Contact for pricing
98,190 sqft

Two-site, 66-unit townhome portfolio featuring attached garage units and in-unit washer/dryer connections.

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Five-Unit Mixed-Use Building
Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 46148

$325,000
0.10 AC lot

Updated five-unit building with individually metered gas and electric, plus owner-paid water.

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Townhome Portfolio with Attached Garages
Townhome Portfolio with Attached Garages

5500 S Emerson Ave, Indianapolis, IN 46237

Contact for pricing

66-unit two-site townhome portfolio with attached one- or two-car garages and in-unit laundry connections.

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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
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

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

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

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

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Retail-Zoned Development Land Opportunity
Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Shelbyville, IN Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Shelbyville, IN on our real estate platform.

Sale prices for two-family homes in Shelbyville, IN average $299,999 — 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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Demographics Overview

Population 29K
Population Growth (5Y) +3.5%
Median Household Income $66,045
College Educated 25.8%

High-Yield Neighborhoods for Investment

Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46176 $300K

Taxes & Financing

Tax Rate (average for all types) 2.29%
Property Tax per SF $38.44 per SF
Tax Rate vs County Average 0.06 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Shelbyville fall within the 10,000 to 25,000 square foot range.

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