$330,000
- 4 Beds
- 4 Baths
40 E Mechanic St, Shelbyville, IN 46176
Joel Mathews @properties
$330,000
40 E Mechanic St, Shelbyville, IN 46176
Joel Mathews @properties
$202,400
723 S West St, Shelbyville, IN 46176
Eric Eisenmenger Trusted Realty Partners of Ind
$324,900
617 W Franklin St, Shelbyville, IN 46176
Joey Gaard Pocket Property, LLC
$115,000
123 Conrey St, Shelbyville, IN 46176
Jeanie Mohr Premier Real Estate LLC
Shelbyville, IN, is a small city with a population of over 25,000, characterized by its close-knit community and rural charm. Located less than 35 miles from Indianapolis, Shelbyville offers a variety of custom-built homes ranging from the 1960s to the early 2000s, including Arts and Crafts-style, bungalows, and ranch-style architecture. The city is served by Shelbyville Central Schools, which are highly rated. For recreation, Blue River Memorial Park provides over 180 acres of green space, walking trails, a butterfly habitat, and a dog park. Other parks like Kennedy, Sunrise, Sunset, and Morrison Park offer smaller-scale outdoor options. The Shelby County YMCA offers indoor activities such as pickleball, group fitness classes, and swimming. For entertainment, the Skyline Drive-In features movies, an arcade, and a café. Shopping needs are met by local stores like Kroger and Walmart, with larger retail options available at Greenwood Park Mall, 25 miles away. Dining includes local favorites like Grandma’s Pancake House and Pudder’s, while nightlife can be enjoyed at Capone’s Downtown Speakeasy and Willie Farkle’s. The city hosts events like First Fridays and a Christmas Parade, fostering community spirit. Travel to Indianapolis is convenient via multiple ramps to Interstate 74, and the Indianapolis International Airport is about 40 miles away.
On average, homes in Shelbyville, IN sell after 46 days on the market compared to the national average of 52 days. The median sale price for homes in Shelbyville, IN over the last 12 months is $243,000, up 11% from the median home sale price over the previous 12 months.
In Shelbyville, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $115,000 to $330,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Shelbyville is $264,700, while the average sale price is $244,374, offering insights into the local housing market. On average, multi-family homes spend 46 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Shelbyville, IN.