Five-Unit Apartment
For Sale
$299,999
617 W Franklin Street, Shelbyville, IN 46176
Residential Income, Shelbyville, IN
Property SizeContact for details
Lot Size0.19 Acres
Days on Market246
Property Features for 617 W Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
COMMERCIAL APTS
Rooms
Basement
Subdivision
L M & M Franklin
Elementary school
Thomas A Hendricks Elementary Sch
Middle school
Shelbyville Middle School
High school
Shelbyville Sr High School
Elementary school district
Shelbyville Central Schools
Middle school district
Shelbyville Central Schools
High school district
Shelbyville Central Schools
Directions
From the Circle, head West on Washington until Prospect, turn right onto Prospect, then left onto W Franklin
Standard status
Active
APN
731106100207000002
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
L M & M Franklin Lt15 617 W Franklin St (Apts)
Legal Description
L M & M Franklin Lt15 617 W Franklin St (Apts)
Building Details
Year built
1876
Floors in Building
2
Number of units
5
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Mackenzie Allen, Polston & Ass
(317) 372-9784
Listed By:
Justin Polston · License #RB14043542
(317) 364-1106
Added: Jan 6
Changed: Sep 2
Last Checked: Sep 9 at 9:06AM
MLS# 22078666
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains five units arranged as four one-bedroom apartments and one studio. The building dates to 1876 and features Colonial architecture, vinyl siding, and a basement. Several rehabilitation projects and infrastructure improvements have been completed over the past few years.
The property occupies a corner location along an alley at 617 W Franklin Street in Shelbyville, Indiana. Tenant parking is available from the alley, and the property is zoned COMMERCIAL APTS. Its unit mix offers a combination of one-bedroom and studio accommodations within a compact multifamily building.
The property occupies a corner location along an alley at 617 W Franklin Street in Shelbyville, Indiana. Tenant parking is available from the alley, and the property is zoned COMMERCIAL APTS. Its unit mix offers a combination of one-bedroom and studio accommodations within a compact multifamily building.
Key Highlights
- Five apartment units: four one‑bedroom units and one studio
- 1876 construction with Colonial architectural style
- Vinyl siding and basement
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 46176, IN
28,401
Population
12,724
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
90%
High-School Grad
169.5 sq mi
ZIP Area
168
Density / Sq Mi
$66,045
Median Household Income
$40,330
Median Earnings
$962
Median Rent
$172,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The property includes four one-bedroom apartments and one studio unit.
Where is this apartment building located?
The property is located at 617 W Franklin Street Shelbyville, IN.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Five apartment units: four one‑bedroom units and one studio; 1876 construction with Colonial architectural style; Vinyl siding and basement
