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    Shelbyville, IN Residential Income Properties for Sale

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    Fairland, IN Morristown, IN Franklin, IN
    Shelbyville Duplex on Mechanic Street
    $120,000
    2,240 SF
    Shelbyville Duplex on Mechanic Street

    328 E Mechanic Street, Shelbyville, IN 46176

    Duplex on a generous lot, great for investors.
    • Generous lot size
    • Duplex structure - presenting an investment opportunity
    • Four bedrooms
    • Two bathrooms
    • Covered porch
    Updated: Apr 17
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    Downtown Mixed-Use Storefront Investment
    $574,900
    0.06 Acres
    Downtown Mixed-Use Storefront Investment

    12 S Harrison Street, Shelbyville, IN 46176

    Two-parcel property with three leased storefronts and partially finished second-floor space for adaptive reuse.
    • High annual income of over $50,000 from three fully leased storefronts.
    • Significant value‑add potential with 4,000+ sq ft of partially finished residential space for lofts, short‑term rentals, or office/studio conversions.
    • Prime location in the heart of Downtown Shelbyville's revitalized brick streetscape.
    • High visibility and strong foot traffic.
    • Stable tenants and flexible downtown commercial zoning.
    Updated: Nov 19, 2025
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    Five-Unit Apartment Building with Parking
    $299,999
    0.19 Acres
    Five-Unit Apartment Building with Parking

    Five-unit multifamily with four 1-bed units and one studio, plus corner-of-alley access for tenant parking.

    617 W Franklin Street, Shelbyville, IN 46176

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    Duplex Residential Income Property
    $79,000
    0.14 Acres
    Duplex Residential Income Property

    Residential duplex for sale, offering flexible living and rental options on a single property.

    328-330 W Mechanic Street, Shelbyville, IN 46176

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    Duplex Residential Income Property
    $324,900
    2,610 SF
    Duplex Residential Income Property

    For sale duplex in Shelbyville, suited for income-focused buyers seeking a two-unit residential structure.

    106 W Pennsylvania Street, Shelbyville, IN 46176

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 5 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, 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.

    Two-Duplex Residential Income Property
    $499,900
    0.20 Acres
    Two-Duplex Residential Income Property

    Four-unit rental property with two duplex buildings, each offering 2-bed, 1-bath units and in-unit laundry.

    606 N Grant Street, Edinburgh, IN 46124

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    Four-Unit Multifamily Property
    $310,000
    0.11 Acres
    Four-Unit Multifamily Property

    Four leased 1-bedroom, 1-bath units provide immediate rental occupancy in a compact downtown Franklin setting.

    147 E King Street, Franklin, IN 46131

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    Leased 4-Unit Multifamily Quadplex
    $335,000
    0.15 Acres
    Leased 4-Unit Multifamily Quadplex

    Four-unit quadplex with all units leased, each offering one bedroom and one full bath.

    298 N Water Street, Franklin, IN 46131

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    Duplex with Two 2-Bed Units
    $320,000
    0.16 Acres
    Duplex with Two 2-Bed Units

    Duplex offers two 2-bedroom, 1-bath units, with one fully furnished and a new metal roof installed in 2020.

    600 N Grant Street, Edinburgh, IN 46124

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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 Lots in Shelbyville, IN
    Contact for pricing
    0.21 Acres
    Residential Lots in Shelbyville, IN

    Residential lots available for sale, build to suit.

    LT2 Hascuster Lane, Shelbyville, IN 46176

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    Shelby County Farmland Opportunity
    $425,000
    979,229 SF
    Shelby County Farmland Opportunity

    22.5 acres of farmland in Shelby County, Indiana.

    North 750 West, Fairland, IN 46126

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    Residential Lots in Greenwood, IN
    $375,000
    6.24 Acres
    Residential Lots in Greenwood, IN

    6-acre property near shopping, dining, and entertainment.

    1548 N Franklin Road, Greenwood, IN 46143

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    Residential Development Land Parcel
    $239,900
    3.60 Acres
    Residential Development Land Parcel

    3.6-acre residentially zoned parcel with mature trees, suited for a custom home build.

    5170 S 800 W, Indianapolis, IN 46239

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    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
    2,400 SF Lot: 41.87 Acres
    Value Estimation by Request

    911 Hale Rd, Shelbyville, IN 46176-2383

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    596 Chestnut St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 9.09 Acres
    Estimated value
    $1,350,000

    596 Chestnut St, Shelbyville, IN 46176-2294

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    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.83 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

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    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.60 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

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    Heartland Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.68 Acres
    Value Estimation by Request

    Heartland Dr, Shelbyville, IN 46176

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    1203 State Rd 44
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.50 Acres
    Value Estimation by Request

    1203 State Rd 44, Shelbyville, IN 46176-1782

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    Shelbyville, IN Residential Income Properties Market Trends and Statistics

    Explore 11 residential income properties for sale in Shelbyville, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 4,850 square feet of properties for sale, with an estimated market value of $444,900.

    Sale prices for residential income properties in Shelbyville, IN start at $120,000, averaging $222,450, and reaching up to $324,900 — 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

    Multifamily properties 5
    Duplexes 3
    Apartment buildings 1
    Short term rental properties 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 $181.6K

    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.

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