Apartment Building

Shelbyville, IN Apartment Buildings for Sale

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5-Unit Apartment Building
Updated: Jan 6
5-Unit Apartment Building

617 W Franklin Street, Shelbyville, IN 46176

$299,999
0.19 AC lot
Five apartments: four one‑bedroom units and one studio
0.19‑acre parcel
Built in 1876 with Colonial architectural style and vinyl siding
Rehabilitation and infrastructure improvements completed over the past several years
COMMERCIAL APTS zoning
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

5-Unit Craftsman Apartment Building
5-Unit Craftsman Apartment Building

929 Franklin Street, Columbus, IN 47201

$399,900
0.11 AC lot

An 1890-built residential income property with a 0.11-acre lot in downtown Columbus.

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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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5-Unit Apartment Building
5-Unit Apartment Building

929 Franklin Street, Columbus, IN 47201

$399,900

Separate utilities serve a five-unit property with varied apartment layouts.

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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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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 apartment complexes 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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