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    Shelbyville, IN
    Multifamily

    Shelbyville, IN Multifamily Properties for Sale

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    Waldron, IN Fairland, IN Edinburgh, IN Morristown, IN Saint Paul, IN Fountaintown, IN Gwynneville, IN Arlington, IN
    5-Unit Apartment Building
    Updated: Jan 6
    5-Unit Apartment Building

    617 W Franklin Street, Shelbyville, IN 46176

    $299,999
    0.19 AC lot
    Five apartments: four one‑bedroom units and one studio
    0.19‑acre parcel
    Built in 1876 with Colonial architectural style and vinyl siding
    Rehabilitation and infrastructure improvements completed over the past several years
    COMMERCIAL APTS zoning
    View details
    2-Unit Duplex
    Updated: Oct 12
    2-Unit Duplex

    24 Elliott St, Shelbyville, IN 46176

    $159,900
    Two units, each with 1 bedroom and 1 bathroom
    Roof replaced in 2021
    Vinyl flooring installed in both units in 2024/2025
    Leases extend through March 2027 and September 2026
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 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.

    Ranch-Style Duplex with Garages
    Ranch-Style Duplex with Garages

    1029/1033 Wild Ivy Trl, Franklin, IN 46131

    $350,000
    9,104 sqft

    Two residential units offer attached garage parking and current rental occupancy.

    View details
    Duplex
    Duplex

    407 S Pleasant Street, Edinburgh, IN 46124

    $264,900
    0.20 AC lot

    The two-unit property includes an updated six-bedroom residence and a separate two-bedroom unit.

    View details
    Two-Unit Duplex with Furnished Unit
    Two-Unit Duplex with Furnished Unit

    600 N Grant Street, Edinburgh, IN 46124

    $274,900
    0.16 AC lot

    Two two-bedroom units include one furnished residence and one month-to-month lease.

    View details
    Duplex with Attached Garages
    Duplex with Attached Garages

    1029/1033 Wild Ivy Trail, Franklin, IN 46131

    $350,000
    0.21 AC lot

    Both residences are currently rented, and each has its own attached garage.

    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

    911 Hale Rd, Shelbyville, IN 46176-2383

    Estimated value:
    $65,000
    2,400 sqft 41.87 AC lot
    View details
    596 Chestnut St
    MOBILE HOME PARK, TRAILER PARK

    596 Chestnut St, Shelbyville, IN 46176-2294

    Estimated value:
    $1,350,000
    9.09 AC lot
    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK

    Heartland Dr, Shelbyville, IN 46176

    Estimated value:
    $205,000
    4.83 AC lot
    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK

    Heartland Dr, Shelbyville, IN 46176

    Estimated value:
    $215,000
    4.60 AC lot
    View details
    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK

    Heartland Dr, Shelbyville, IN 46176

    Estimated value:
    $230,000
    2.68 AC lot
    View details
    1203 State Rd 44
    MOBILE HOME PARK, TRAILER PARK

    1203 State Rd 44, Shelbyville, IN 46176-1782

    Estimated value:
    $285,000
    3.50 AC lot
    View details

    Shelbyville, IN Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Shelbyville, IN on our real estate platform.

    Sale prices for multifamily properties in Shelbyville, IN start at $159,900, averaging $229,949, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    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 average listing prices of real estate assets

    Neighborhood Average Price
    46176 $300K

    Taxes & Financing

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

    Property Size Breakdown

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

    How Realmo verifies these figures

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