Shelbyville, IN Multifamily properties for sale

Updated: Aug 19

Duplex with Separate Living Areas

219 W Locust Street, Shelbyville, IN 46176

$148,000

0.13 AC lot

Two‑bedroom/one‑bath unit plus separate one‑bedroom/one‑bath unit
Smaller unit remodeled 4 years ago and currently tenant occupied
New carpet, paint, and appliances in the two‑bedroom unit
Two furnaces and two water heaters
Off‑street parking and spacious back patio

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Updated: Jan 6

Five-Unit Apartment Building

617 W Franklin Street, Shelbyville, IN 46176

$299,999

0.19 AC lot

Five apartment units: four one‑bedroom units and one studio
1876 construction with Colonial architectural style
Vinyl siding and basement
Several rehabilitation and infrastructure improvement projects completed
Corner location along an alley with tenant parking

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Triplex Under Rehabilitation

720 S Noble St, Shelbyville, IN 46176

$105,000

Partially demolished property with substantial renovation work already completed, including roofing, HVAC, and window improvements.

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Based on your search, we've compiled 13 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

Opportunities in Nearby Cities

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

Leased Three-Unit Residential Property

298 Johnson Avenue, Franklin, IN 46131

$270,000

0.09 AC lot

Two-story building with a covered porch, separate utility metering, and an established downtown-adjacent residential setting.

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Four-Unit Quadplex with Balconies

147 E King Street, Franklin, IN 46131

$299,000

0.11 AC lot

Fully leased multifamily property with one-bedroom residences, balconies, and storage.

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Furnished Duplex

600 N Grant Street, Edinburgh, IN 46124

$299,900

0.16 AC lot

Each unit includes two bedrooms and one bathroom, with one furnished and the other leased month to month.

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Two-Building Duplex Property

606 N Grant Street, Edinburgh, IN 46124

$499,900

0.20 AC lot

$285,000

Estimated value

3.50 AC lot

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Shelbyville, IN Multifamily Properties Market Trends and Statistics

Explore 9 multifamily properties for sale in Shelbyville, IN, showcased through 3 active listings on our real estate platform.

Sale prices for multifamily properties in Shelbyville, IN start at $105,000, averaging $184,333, and reaching up to $299,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
46176	$184.3K

Neighborhood

Average Price

46176

$184.3K