Multifamily

Shelbyville, KY Multifamily Properties for Sale

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Two-Unit Duplex Income Property
Updated: Jun 8
Two-Unit Duplex Income Property

342 Frankfort Rd, Shelbyville, KY 40065

$289,500
3,872 sqft 0.16 AC lot
Extra‑large duplex with consistent cash flow and long‑term tenants
First‑floor unit features 3 bedrooms, large living room and dining room, full bathroom, and updated kitchen
Second‑floor unit features 2 bedrooms, large living room and dining room, full bathroom, and updated kitchen
Each unit includes a covered parking spot and separate utility metering (water, electric, and gas)
Separate washer and dryers in the basement with lots of storage; all appliances convey
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

Income Duplex with Commercial Land
Income Duplex with Commercial Land

607 Louisville Road, Frankfort, KY 40601

$290,000
1,780 sqft 1.81 AC lot

An income-producing duplex on planned commercial land with frontage and visibility along Louisville Road (US-60).

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Duplex for Owner-Occupant Use
Duplex for Owner-Occupant Use

201 HAWTHORNE Drive, Frankfort, KY 40601

$275,000
1,570 sqft 0.20 AC lot

Duplex offering flexibility to live in one side and rent the other, with a roof approximately seven years old.

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Hurstbourne Ridge Condo with Amenities
Hurstbourne Ridge Condo with Amenities

3745 Hurstbourne Ridge Blvd, Louisville, KY 40299

$300,000
2,765 sqft

Well-maintained condo near shopping, dining, and medical centers.

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Fern Creek Multifamily Investment Opportunity
Fern Creek Multifamily Investment Opportunity

3400 Lesway Ct, Louisville, KY 40220

Contact for pricing
11,955 sqft

Well-maintained 12-unit property in desirable Fern Creek/Hikes Point area.

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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
Prime Land Off US HWY

Briar Creek lot: #1, Lawrenceburg, KY 40342

$345,500
2.27 AC lot

2.27 acres with excellent visibility and easy access.

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Vacant Land Near Glendale
Vacant Land Near Glendale

Tract 2 Bell Cemetery Road, Summersville, KY 42782

$75,500
7.00 AC lot

7 acres of vacant land with utilities near Glendale, KY.

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Sonora, KY Residential Land
Sonora, KY Residential Land

Silver Mine Road lot: 6, Sonora, KY 42776

$63,500
3.03 AC lot

3.03 acre residential tract in Sonora, Kentucky.

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Land in Lake Ridge Estates
Land in Lake Ridge Estates

30 Piper Road, Russell Springs, KY 42642

Contact for pricing
0.98 AC lot

0.9845 acre lot in Russell Springs, Kentucky.

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Off-Market Properties in Shelbyville, KY

Consider similar Off-Market properties in Shelbyville, KY. 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.

1018 Main St
BOARDING/ROOMING HOUSE

1018 Main St, Shelbyville, KY 40065-1350

Value Estimation by Request
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Shelbyville, KY Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Shelbyville, KY on our real estate platform. These investment opportunities span a total of 3,872 square feet of properties for sale, with an estimated market value of $289,500.

Sale prices for multifamily properties in Shelbyville, KY average $289,500 — 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

Duplexes 1

Demographics Overview

Population 32K
Population Growth (5Y) +3.8%
Median Household Income $76,813
College Educated 19.4%

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
40065 $299.5K

Taxes & Financing

Tax Rate (average for all types) 1.11%
Property Tax per SF $9.57 per SF
Tax Rate vs County Average 0.01 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Shelby County

New Delisted

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