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    Shelbyville, MI
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    Shelbyville, MI Multifamily Properties for Sale

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    Wayland, MI Martin, MI Middleville, MI Allegan, MI Otsego, MI Hopkins, MI Dorr, MI Plainwell, MI
    6 properties
    Short-Term Rental Property Near Gun Lake
    Updated: Apr 7
    Short-Term Rental Property Near Gun Lake

    2380 S Patterson Road, Shelbyville, MI 49344

    $175,000
    1,782 sqft 0.24 AC lot
    0.24‑acre lot with 1,782 SF building built in 2001
    Across the street from the Gun Lake launch site and boat launch
    Township approval referenced for Air BnB short‑term rental use
    Forced‑air heating plus wall unit cooling
    Wood siding and metal siding with a metal roof
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    Duplex with Pole Barn
    Updated: Aug 7
    Duplex with Pole Barn

    378 124th Avenue, Shelbyville, MI 49344

    $379,900
    2.27 AC lot
    2.27‑acre duplex property at 378 124th Avenue, Shelbyville, MI 49344
    Unit 1 includes 2 bedrooms, 2 bathrooms, vaulted ceilings, and an attached one‑stall garage
    Unit 2 offers 1 bedroom, 1 bathroom, vaulted ceilings, and a separate attached garage
    24x40 pole barn provides additional storage or hobby space
    Built in 2006 with well water and septic tank service
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    Gun Lake Duplex Investment Property
    Gun Lake Duplex Investment Property

    Shelbyville, MI 49344

    $530,000
    0.20 AC lot

    Updated duplex on Gun Lake with channel frontage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Gun Lake Short-Term Rental Property
    Gun Lake Short-Term Rental Property

    2380 S Patterson Rd, Shelbyville, MI 49344

    $175,000
    1,782 sqft

    Building positioned across from the Gun Lake launch area with township approval for Airbnb use.

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    Duplex with Pole Barn
    Duplex with Pole Barn

    378 124th Avenue, Shelbyville, MI 49344

    $379,900
    2.27 AC lot

    Separate attached garages serve two residential units with vaulted ceilings.

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    Waterfront Duplex with Updated Interiors
    Waterfront Duplex with Updated Interiors

    3651 England, Shelbyville, MI 49344

    $530,000

    Two residential units feature refreshed kitchens, new appliances, and channel frontage on Gun Lake.

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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Shelbyville, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    3078 Sandy Beach Street, Unit 4, Wayland, MI 49348

    $450,000
    1,120 sqft

    Four separate residences with off-street parking, storage buildings, and a studio apartment offered together.

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    Multi-Unit Residential Income Property
    Multi-Unit Residential Income Property

    3078 Sandy Beach Street, Wayland, MI 49348

    $450,000
    0.37 AC lot

    Four units are offered together, with off-street parking and multiple porches, decks, and sheds on a paved road.

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    Remodeled Lakefront Duplex
    Remodeled Lakefront Duplex

    Delton, MI 49046

    $300,000

    Two distinct residences offer flexible living arrangements beside Mudd Lake with direct water access and outdoor recreation features.

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    Lakefront Mobile Home Community
    Lakefront Mobile Home Community

    271 Lakeside Dr, Delton, MI 49046

    Contact for pricing

    Guernsey Lake Estates offers 41 lakefront mobile home sites with public sewer and well water service.

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    Shelbyville, MI Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Shelbyville, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 3,564 square feet of properties for sale, with an estimated market value of $2,169,800.

    Sale prices for multifamily properties in Shelbyville, MI start at $175,000, averaging $361,633, and reaching up to $530,000 — 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

    Commercial property segments ranked by active listings on the market

    Duplexes 4
    Short term rental properties 2

    Demographics Overview

    Population 4,139
    Population Growth (5Y) +21.0%
    Median Household Income $76,420
    College Educated 16.9%

    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
    49344 $361.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.90%
    Property Tax per SF $96.97 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

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