Listing Agency: Berkshire Hathaway Home c***@bhhsin.com Show Phone

Listed By: Tim O'Connor · License #476132831 Show Phone

Source: Exprealty

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 3:06PM

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Investment Insights

Based on property information with market context.

This duplex contains two units, each arranged with one bedroom and one bathroom. The roof was replaced in 2021, and vinyl flooring was installed in both units during 2024 and 2025.

Both units are leased: one through March 2027 and the other through September 2026.

Key Highlights

• Two units, each with 1 bedroom and 1 bathroom
• Roof replaced in 2021
• Vinyl flooring installed in both units in 2024/2025

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

581

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Each side has a one-bedroom, one-bath layout, with leases running into 2026 and 2027.

Where is this duplex located?

The property is located at 24 Elliott St Shelbyville, IN.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: Two units, each with 1 bedroom and 1 bathroom; Roof replaced in 2021; Vinyl flooring installed in both units in 2024/2025