617 W Franklin Street, Shelbyville, IN 46176

Building Details

Year built

1876

Number of units

5

Building materials

Vinyl Siding

Architectural style

Colonial

Listing agent Justin Polston License #RB14043542 Show Phone

Listing office Mackenzie Allen, Polston & Ass j***@mackenzieallenrealestate.com E. Washington St., Shelbyville, IN Show Phone

Listing date Jan 6, 2026

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MLS# 22078666 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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Overview

This property is a five-unit apartment building in a colonial/traditional style, with a mix of four 1-bedroom units and one studio. The listing notes that several rehabs and infrastructural improvements have been completed over the past few years, and the building includes architectural features referenced in the remarks. The landlord pays all utilities, with tenants reimbursing for their share.

The building sits on a corner of an alley, which the listing describes as supporting easy parking for tenants and adding curb appeal. It is offered as a for-sale investment property under commercial apartments zoning.

For tenants or owners looking for a multi-unit setup, the unit mix provides flexibility with four one-bedroom options plus a studio. The property is currently described in the listing as producing nearly $50,000 in annual rent revenue. The remarks also indicate that an additional five doors are available on W Pennsylvania and can be sold as a package, which may interest buyers seeking to expand beyond the current five-unit structure.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Shelbyville

County

Shelby

State

Indiana

Longitude

-85.789328

Latitude

39.523599

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FAQs

What type of property is this?

Apartment building - Five-unit building with four 1-bedroom units and one studio, with tenant parking access off an alley.

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: High income potential: Generates almost $50,000 in annual rent revenues.; Multi‑unit investment: Features five units (four 1‑bedroom and one studio) in one property.; Infrastructural improvements have already been completed.