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106-108 W Pennsylvania St Shelbyville, IN 46176

Sponsored
For Sale
$299,900

Traditional, Quadruplex - Shelbyville, IN

Type:Quadruplex
Lot size:
0.09 Acres
Days on Market:
6
Last Refresh:
Feb 8 at 3:06 am

Property Features for 106-108 W Pennsylvania St

General Information

Property type
Residential Multi Family
Property subtype
Quadruplex
Standard status
Active
Rooms
Basement
APN
730732300027000002
Basement Y/N
1
Lot size
0.09 Acres

Building Details

Year built
1900
Number of units
5
Building materials
Aluminum Siding
Architectural style
New Traditional

We can help!

Listing Contact
Justin Polston
Justin Polston

Mackenzie Allen, Polston & Associates (317) 364-1106

Listing agent Justin Polston (317) 372-9784 License #RB14043542

Listing date Feb 3, 2026

MLS# 22079319 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Shelbyville Quadruplex Investment Opportunity

This multifamily property in Shelbyville, IN, presents an investment opportunity with an annual rental income of $52,250. The property features five apartments, including three 1-bedroom/1-bathroom units, one studio, and one 2-bedroom/1-bathroom unit. All units have been lightly renovated in recent years and are currently stabilized with new tenants, flooring, and paint. The building's exterior is metal, and the heating system is baseboard, which contributes to low maintenance. The property's location offers convenient access to Shelbyville's remodeled downtown square, the Blue River Trailhead, river access, and various local businesses, including the Cow Palace, City Collective Boba Cafe, Thirsty's, Capone's, Cadillac Jack's, and Johnston Fitness. This location is attractive to tenants.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Shelbyville
County
Shelby
State
Indiana
Longitude
-85.779488
Latitude
39.527196

FAQs

What type of property is this?
Quadplex - Quadruplex near downtown Shelbyville with stable tenants and low maintenance.
Where is this quadplex located?
The property is located at 106-108 W Pennsylvania St Shelbyville, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: - 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.
More about this property
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