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Shelbyville, IN Multifamily Homes & Duplexes for Sale

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    $209,900

    • 5 Beds
    • 2 Baths

    723 S West St, Shelbyville, IN 46176

    Add this income producing duplex to your portfolio! The main floor unit offers 3 BR/1 BA, living room, kitchen (gas range, range hood, dishwasher, & refrigerator), family room, & laundry connection. The upper unit offers 2 BR/1BA, living room & kitchen (electric range, refrigerator), & laundry connection. The main floor unit is leased month to month with tenant in place for more than a year that

    Eric Eisenmenger Trusted Realty Partners of Ind

    723 S West St, Shelbyville, IN 46176
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    $324,900

    • 1 Bed
    • 1 Bath

    617 W Franklin St, Shelbyville, IN 46176

    Located in the heart of Shelbyville, this historic Colonial-style building offers a promising investment opportunity. Converted into a 5-unit multi-family property, it comprises four 1-bedroom units and one studio apartment. The property generates over $50,000 in annual rental income!

    Joey Gaard Pocket Property, LLC

    617 W Franklin St, Shelbyville, IN 46176
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    $122,500

    • 5 Beds
    • 2 Baths

    123 Conrey St, Shelbyville, IN 46176

    Now is The Time to See this Turn of the Century Home. It has been a double for years , Could be a single family dwelling as well! Along with 3 city lots , the Possibilities are endless! Don't miss this opportunity to Own a Piece of History! ****SELLER WILLING TO SELL ON SHORT TERM CONTRACT AND/OR HELP PAY SOME CLOSING COSTS FOR BUYER

    Jeanie Mohr Premier Real Estate LLC

    123 Conrey St, Shelbyville, IN 46176

Why Live in Shelbyville

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.

Home Trends in Shelbyville, IN

Housing Trends

Median Sale Price
$232,500
Median Single Family Sale Price
$255,990
Median Townhouse Sale Price
$209,600
Median 2 Bedroom Sale Price
$255,900
Median 1 Bedroom Sale Price
$52,500
Average Price Per Sq Ft
$145
Number of Homes for Sale
139
Last 12 months Home Sales
357
Months of Supply
4.70
Median List Price
$260,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
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