Five-Unit Apartment Building with
617 W Franklin Street Shelbyville, IN 46176
For Sale
$299,999
MULTI_FAMILY - Colonial - Shelbyville, IN
Lot Size0.19 Acres
Days on Market199
Property Features for 617 W Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- COMMERCIAL APTS
- Rooms
- Basement
- 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)
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: Jun 16
Last Checked: Jul 24 at 10:06PM
MLS# 22078666
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.
Investment Insights
Based on property information with market context.
This five-unit apartment building includes four 1-bedroom units and one studio, offering a straightforward mix of rental layouts. Public remarks note that several rehabs and infrastructural improvements have been completed in recent years, and the property features architectural elements intended to support long-term residential use. The owner pays all utilities, with tenants reimbursing as described in the remarks.
The property is located at 617 W Franklin Street in Shelbyville, Indiana, in what the listing describes as the historic West Side. It sits on a corner of an alley, which the listing cites as supporting easy parking for tenants and providing curb appeal.
For investors or operators looking for a small residential income asset, the unit mix and utility arrangement are key operational considerations. The listing also states almost $50,000 in annual rent revenues and mentions that an additional five doors are available on W Pennsylvania and may be sold as a package, which could support portfolio expansion for qualified buyers.
The property is located at 617 W Franklin Street in Shelbyville, Indiana, in what the listing describes as the historic West Side. It sits on a corner of an alley, which the listing cites as supporting easy parking for tenants and providing curb appeal.
For investors or operators looking for a small residential income asset, the unit mix and utility arrangement are key operational considerations. The listing also states almost $50,000 in annual rent revenues and mentions that an additional five doors are available on W Pennsylvania and may be sold as a package, which could support portfolio expansion for qualified buyers.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit multifamily with four 1-bed units and one studio, plus corner-of-alley access for tenant parking.
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: 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
