Shelbyville, MI Multifamily properties for sale

Updated: Apr 7

Short-Term Rental Income Property

2380 S Patterson Road, Shelbyville, MI 49344

$175,000

1,782 sqft 0.24 AC lot

Across the street from the Gun Lake launch site and boat launch
Lake access is listed as a waterfront feature
Built in 2001 with metal roof and wood/metal siding
Forced‑air heating with wall unit(s) cooling
Natural gas available; water source is private

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This listing looks promising.

Here's a quick look at some key insights for

2380 S Patterson Road, Shelbyville, MI 49344

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$11K
Annual
Mortgage

$27K
Recorded
Last Sold

Jul 2022
$44K
Property Type

Mini-Warehouse, Storage
Built 2001

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Updated: May 4

Gun Lake Duplex Investment Property

Shelbyville, MI 49344

$530,000

0.20 AC lot

Waterfront property on Gun Lake with channel frontage
Duplex offers investment opportunity and personal lake enjoyment
Completely updated units with new floors, kitchens, paint, and appliances
Located on highly sought‑after Englands Point
Each unit contains 2 bedrooms and 1 bathroom

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Shelbyville, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Middleville Duplex Investment Opportunity

215 S Broadway Street, Middleville, MI 49333

$570,000

0.80 AC lot

Four-bedroom, two-bath duplex in downtown Middleville with rental potential.

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Plainwell Duplex: Stable Income Property

143 Floral Avenue, Plainwell, MI 49080

$249,999

0.32 AC lot

Well-maintained duplex with long-term tenants and strong cash flow.

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Historic Grainery Multi-Unit Townhouse

721 E Bridge Street, Plainwell, MI 49080

$425,000

0.15 AC lot

Unique income-producing property with endless possibilities in Plainwell, MI.

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Middleville Duplex: Investment Opportunity

215 S Broadway St, Middleville, MI 49333

$570,000

0.80 AC lot

Four-bedroom, two-bath duplex in downtown Middleville with strong rental potential.

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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.

Residential Land in Riverdale

N Lumberjack Road, Riverdale, MI 48877

Contact for pricing

0.67 AC lot

Vacant residential land suitable for building or mobile home placement.

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Expansive Land with Development Potential

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000

354.27 AC lot

350+ acres of prime land with two scenic lakes.

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Deeded RV Recreational Lot

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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Private Campground Lot with Hookups

4537 Pine Run, Farwell, MI 48622

$41,500

0.75 AC lot

Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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Shelbyville, MI Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Shelbyville, MI on our real estate platform. These investment opportunities span a total of 1,782 square feet of properties for sale, with an estimated market value of $175,000.

Sale prices for multifamily properties in Shelbyville, MI start at $175,000, averaging $175,000, and reaching up to $175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49344	$352.5K

Neighborhood

Average Price

49344

$352.5K