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    Shelbyville, IN Multifamily Properties for Sale

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    Fairland, IN Morristown, IN Homer, IN
    Shelbyville Investment Property: Five Units
    $324,900
    0.19 Acres

    Shelbyville Investment Property: Five Units

    617 W Franklin Street, Shelbyville, IN 46176

    Five-unit investment property in Shelbyville's historic West Side neighborhood.

    • 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.
    • Convenient parking located on a corner with alley access.
    • Situated in the historic West Side of the booming Shelbyville Community.
    Updated: Jan 6
    View details
    Shelbyville Duplex on Mechanic Street
    $120,000
    2,240 SF

    Shelbyville Duplex on Mechanic Street

    328 E Mechanic Street, Shelbyville, IN 46176

    Duplex on a generous lot, great for investors.

    • Generous lot size
    • Duplex structure - presenting an investment opportunity
    • Four bedrooms
    • Two bathrooms
    • Covered porch
    Updated: Apr 17
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    Expansive Duplex with Large Lot
    $79,000
    0.14 Acres

    Expansive Duplex with Large Lot

    Versatile duplex on a generous lot offers strong owner-occupant and investor potential in a residential zoning setting.

    328-330 W Mechanic Street, Shelbyville, IN 46176
    View details
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Four-Unit Multifamily Investment Opportunity
    $499,900
    2,016 SF

    Four-Unit Multifamily Investment Opportunity

    Two duplexes, four units total, Edinburgh, Indiana. Great investment property.

    606 N Grant Street, Edinburgh, IN 46124
    View details
    Greenfield Duplex: Investment Opportunity
    $150,000
    0.14 Acres

    Greenfield Duplex: Investment Opportunity

    Duplex in Greenfield, Indiana with income potential.

    507 S Pennsylvania Street, Greenfield, IN 46140
    View details
    Edinburgh Duplex For Sale
    $235,000
    0.13 Acres

    Edinburgh Duplex For Sale

    Duplex with new roof and HVAC, ideal for investors.

    7540 E State Road 252, Edinburgh, IN 46124
    View details
    Restored Duplex in Greenfield, IN
    $354,500
    0.17 Acres

    Restored Duplex in Greenfield, IN

    Restored duplex with Airbnb, prime location near downtown attractions.

    433 W Main Street, Greenfield, IN 46140
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Land Off US HWY
    $345,500
    2.27 Acres

    Prime Land Off US HWY

    2.27 acres with excellent visibility and easy access.

    Briar Creek lot: #1, Lawrenceburg, KY 40342
    View details
    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres

    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392
    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Waterfront Land in Greenup, KY
    $69,000
    1.54 Acres

    Waterfront Land in Greenup, KY

    Waterfront land with utilities and shelter house for sale.

    Treasure Cove, Greenup, KY 41144
    View details

    Off-Market Properties in Shelbyville, IN

    Consider similar Off-Market properties in Shelbyville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    911 Hale Rd
    MOBILE HOME PARK, TRAILER PARK
    2,400 SF Lot: 41.87 Acres
    Value Estimation by Request

    911 Hale Rd, Shelbyville, IN 46176-2383

    View details
    596 Chestnut St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 9.09 Acres
    Estimated value
    $1,350,000

    596 Chestnut St, Shelbyville, IN 46176-2294

    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.83 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.60 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.68 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

    View details
    1203 State Rd 44
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.50 Acres
    Value Estimation by Request

    1203 State Rd 44, Shelbyville, IN 46176-1782

    View details

    Shelbyville, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 9 multifamily properties for sale in Shelbyville, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,240 square feet of properties for sale, with an estimated market value of $120,000.

    Sale prices for multifamily properties in Shelbyville, IN start at $120,000, averaging $120,000, and reaching up to $120,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 2
    Duplexes 2

    Property Size Breakdown

    The majority of commercial real estate listings in Shelbyville fall within the 10,000 to 25,000 square foot range.

    Demographics Overview

    Population 29K
    Population Growth (5Y) +3.5%
    Median Household Income $66,045
    College Educated 25.8%

    High-Yield Neighborhoods for Investment

    Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    46176 $181.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $38.44 per sq ft
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

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