Real Estate Investment Properties for Sale in Shelbyville, IN

Looking for investment property in Shelbyville, IN with high ROI ?

Explore a variety of short-term homes & houses in Shelbyville, IN. Invest wisely with VRBO & Shelbyville, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Shelbyville, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1021 Spring Hill Road Shelbyville, IN NO HOA!! BEAUTIFUL 3/2.5 NESTLED IN ONE OF THE MOST DESIRABLE, LOW TRAFFIC & QUIET NEIGHBO...	3 beds \| 3 baths \| 2,328 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2724 Airbnb ROI: N/A Traditional ROI: 5.88%
33 Gordon Street Shelbyville, IN 33 Gordon Street is a grand old soul with a heart full of warmth and stories to tell. She'...	3 beds \| 2 baths \| 1,309 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $1195 Airbnb ROI: N/A Traditional ROI: 3.92%
345 E Pennsylvania Street Shelbyville, IN Immediate Occupancy! This recently renovated 3 bedroom nestled in the quiet, small town of...	3 beds \| 2 baths \| 1,482 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.78% Airbnb Rental Income: $null Traditional Rental Income: $1863 Airbnb ROI: N/A Traditional ROI: 8.78%
617 W Franklin Street W Shelbyville, IN CASH COW! CALLING ALL INVESTORS! This converted 5 unit money maker is now up for sale! Sev...	N/A beds \| N/A baths \| N/A	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.66% Airbnb Rental Income: $null Traditional Rental Income: $1296 Airbnb ROI: N/A Traditional ROI: 2.66%
134 W Franklin Street Shelbyville, IN The best of both worlds; beautiful new construction in the heart of town. Walkable to all...	3 beds \| 3 baths \| N/A	$356,385	Airbnb cash on cash: N/A Traditional cash on cash: 4.82% Airbnb Rental Income: $null Traditional Rental Income: $2322 Airbnb ROI: N/A Traditional ROI: 4.82%
757 W Third Street W Shelbyville, IN Prime duplex investment opportunity! Dual units offer $1750 monthly rent & nearly $15,000 ...	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $1028 Airbnb ROI: N/A Traditional ROI: 3.7%
1208 Western Court Shelbyville, IN Cute all brick 3 bedroom 2 bath home in desirable Southern Trace! Cul de sac living at it'...	3 beds \| 2 baths \| 1,626 sq.ft.	$217,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.86% Airbnb Rental Income: $null Traditional Rental Income: $2085 Airbnb ROI: N/A Traditional ROI: 7.86%
4030 S 250 E Shelbyville, IN Discover country living at its finest with this charming 4-bedroom, 3-bathroom house nestl...	4 beds \| 3 baths \| 2,920 sq.ft.	$414,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.71% Airbnb Rental Income: $null Traditional Rental Income: $3030 Airbnb ROI: N/A Traditional ROI: 5.71%
917 Balto Drive Shelbyville, IN Charming 4-Bedroom Home in an Ideal Location! Discover this spacious and inviting 4-bedro...	4 beds \| 3 baths \| 2,328 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.02% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 8.02%
1325 & 1327 Jefferson Avenue Shelbyville, IN Awesome opportunity in coveted Shelbyville, Indiana! This duplex features all new flooring...	N/A beds \| N/A baths \| 1,540 sq.ft.	$144,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.21% Airbnb Rental Income: $null Traditional Rental Income: $1681 Airbnb ROI: N/A Traditional ROI: 9.21%
2183 S Fairview Drive Shelbyville, IN The bigly-est yard probably ever. Huge yard and huge potential, have never seen this much ...	4 beds \| 2 baths \| 1,404 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $1956 Airbnb ROI: N/A Traditional ROI: 9.3%
2420 Simpson Lane Shelbyville, IN Immediate possession! Maintenance free living can be found in this 3 bedroom, 2 full bath...	3 beds \| 2 baths \| 1,618 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $2208 Airbnb ROI: N/A Traditional ROI: 7.15%
1033 Fuller Lane Shelbyville, IN Finally, the dream home you can afford! The Washington, a spacious home with a layout tha...	5 beds \| 3 baths \| 2,506 sq.ft.	$310,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.09% Airbnb Rental Income: $null Traditional Rental Income: $2726 Airbnb ROI: N/A Traditional ROI: 7.09%
505 W Washington Street Shelbyville, IN If you love historic homes this one is for you! This gorgeous 4BR, 2BA home has been fully...	4 beds \| 2 baths \| 1,948 sq.ft.	$252,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.28% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 7.28%
47 E Mechanic Street Shelbyville, IN In the heart of the bustling town, where cobblestone sidewalks echo with the whispers of t...	5 beds \| 3 baths \| 2,753 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.05% Airbnb Rental Income: $null Traditional Rental Income: $3101 Airbnb ROI: N/A Traditional ROI: 10.05%
530 W Franklin Street Shelbyville, IN Check out this completely updated traditional home in Shelbyville. Featuring a spacious gr...	3 beds \| 2 baths \| 1,646 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 9.33%
1220 E Hazelwood Drive N Shelbyville, IN This charming three-bedroom home offers a perfect blend of comfort and convenience. Featur...	3 beds \| 2 baths \| 1,630 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.71% Airbnb Rental Income: $null Traditional Rental Income: $2181 Airbnb ROI: N/A Traditional ROI: 7.71%
1216 Western Court Shelbyville, IN Beautiful Home for Sale - No HOA! Nestled on a quiet cul-de-sac, this charming home boa...	3 beds \| 3 baths \| 1,860 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.22% Airbnb Rental Income: $null Traditional Rental Income: $2644 Airbnb ROI: N/A Traditional ROI: 8.22%
932 Balto Drive Shelbyville, IN Boo! Actually, there's nothing about this well maintained American Traditional ranch that'...	2 beds \| 1 baths \| 933 sq.ft.	$214,900	Airbnb cash on cash: 5.71% Traditional cash on cash: 4.85% Airbnb Rental Income: $2124 Traditional Rental Income: $1406 Airbnb ROI: 5.71% Traditional ROI: 4.85%
1315 Delacorte Circle Shelbyville, IN SPECIAL FINANCING AVAILABLE: 30 Year FHA at 3.99% for Year 1, 4.99% for Year 2, and 5.99% ...	4 beds \| 3 baths \| 3,000 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.8% Airbnb Rental Income: $null Traditional Rental Income: $2854 Airbnb ROI: N/A Traditional ROI: 7.8%
762 Teal Street Shelbyville, IN Move-In Ready 2BR, 1BA bungalow located near Morrison Park. This home offers brand new vin...	2 beds \| 1 baths \| 912 sq.ft.	$160,000	Airbnb cash on cash: 8.42% Traditional cash on cash: 7.7% Airbnb Rental Income: $2124 Traditional Rental Income: $1471 Airbnb ROI: 8.42% Traditional ROI: 7.7%
2144 Cherokee Drive Shelbyville, IN If bedrooms are what you are looking for... look no further. Welcome to your spacious 5 be...	5 beds \| 2 baths \| 1,916 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.06% Airbnb Rental Income: $null Traditional Rental Income: $2300 Airbnb ROI: N/A Traditional ROI: 8.06%
2045 W Boggstown Road W Shelbyville, IN PERFECTLY MAINTAINTED SPACIOUS HOME ON 3 COUNTRY ACRES! LOCATED JUST MINUTES FROM SHELBYVI...	5 beds \| 3 baths \| 3,212 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.65% Airbnb Rental Income: $null Traditional Rental Income: $2967 Airbnb ROI: N/A Traditional ROI: 4.65%
558 Plowman Drive Shelbyville, IN This is the opportunity you have been waiting for! A well built 4 bedroom home in Stratfo...	4 beds \| 3 baths \| 1,445 sq.ft.	$313,990	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $2124 Airbnb ROI: N/A Traditional ROI: 4.97%
2131 Wilmington Boulevard Shelbyville, IN This beautifully updated ranch features 4 bedrooms and 2 baths, offering a perfect blend o...	4 beds \| 2 baths \| 1,513 sq.ft.	$253,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $1972 Airbnb ROI: N/A Traditional ROI: 6.22%
2413 Griton Court Shelbyville, IN Beautiful family home in beautiful Overlook Subdivision. This home has been redone top to ...	4 beds \| 3 baths \| 2,349 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $2615 Airbnb ROI: N/A Traditional ROI: 3.33%
2331 Saddle Drive Shelbyville, IN Maintenance free living is available at The Villas of Derby Run in Trotters Chase. This 2...	2 beds \| 2 baths \| 1,571 sq.ft.	$384,900	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.19% Airbnb Rental Income: $2124 Traditional Rental Income: $2305 Airbnb ROI: 2.19% Traditional ROI: 4.19%
2327 Saddle Drive Shelbyville, IN Maintenance free living is available at The Villas of Derby Run in Trotters Chase. This 2 ...	2 beds \| 2 baths \| 1,490 sq.ft.	$334,900	Airbnb cash on cash: 2.66% Traditional cash on cash: 4.84% Airbnb Rental Income: $2124 Traditional Rental Income: $2267 Airbnb ROI: 2.66% Traditional ROI: 4.84%
1161 Crestmoor Drive Shelbyville, IN Charming 3-Bedroom Home in Shelbyville, Indiana Welcome to your new sanctuary in the hear...	3 beds \| 1 baths \| 864 sq.ft.	$172,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $1233 Airbnb ROI: N/A Traditional ROI: 5.88%
564 Plowman Drive Shelbyville, IN Plenty of space for even the largest of families. This home has all the space you will ne...	4 beds \| 3 baths \| 2,529 sq.ft.	$355,235	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $2606 Airbnb ROI: N/A Traditional ROI: 5.69%
576 Plowman Drive Shelbyville, IN At last an opportunity to live in a brand new home at a price you can afford. Welcome to ...	4 beds \| 3 baths \| 1,445 sq.ft.	$276,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 5.77%
218 W South Street Shelbyville, IN Ready for a new owner! This updated shotgun style home in the downtown is ready to go. N...	2 beds \| 1 baths \| 763 sq.ft.	$139,900	Airbnb cash on cash: 9.29% Traditional cash on cash: 4.93% Airbnb Rental Income: $2124 Traditional Rental Income: $996 Airbnb ROI: 9.29% Traditional ROI: 4.93%
417 E Franklin Street Shelbyville, IN Check out this 3 Bedroom home with loads of potential. Just needs a little TLC & cosmetics...	3 beds \| 1 baths \| 790 sq.ft.	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.12% Airbnb Rental Income: $null Traditional Rental Income: $1153 Airbnb ROI: N/A Traditional ROI: 11.12%
573 W Taylor Street Shelbyville, IN Unbeatable value on this 3 Bedroom Craftsman style home. Tucked into a quiet neighborhood ...	3 beds \| 1 baths \| 1,056 sq.ft.	$94,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.99% Airbnb Rental Income: $null Traditional Rental Income: $1269 Airbnb ROI: N/A Traditional ROI: 9.99%

Real Estate investment in Shelbyville, IN

There are 34 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $246,250 and the average price per square foot is $144. In December 2024, the average monthly cash on cash return in Shelbyville is 7.00%. The average monthly rental income in Shelbyville is $2,105.

Shelbyville, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 34 investment properties available for sale in Shelbyville.

In 2024, the best neighborhood to buy investment property is Shelbyville.

The ROI for Short-Term is higher than the Long-Term in Shelbyville with average rental income of $2,124.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IN

1021 Spring Hill Road

Shelbyville, IN

3 beds | 3 baths | 2,328 sq.ft.

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2724

Airbnb ROI: N/A

Traditional ROI: 5.88%

33 Gordon Street

Shelbyville, IN

3 beds | 2 baths | 1,309 sq.ft.

$209,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.92%

Airbnb Rental Income: $null

Traditional Rental Income: $1195

Airbnb ROI: N/A

Traditional ROI: 3.92%

345 E Pennsylvania Street

Shelbyville, IN

3 beds | 2 baths | 1,482 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1863

Airbnb ROI: N/A

Traditional ROI: 8.78%

617 W Franklin Street W

Shelbyville, IN

N/A beds | N/A baths | N/A

$274,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.66%

Airbnb Rental Income: $null

Traditional Rental Income: $1296

Airbnb ROI: N/A

Traditional ROI: 2.66%

134 W Franklin Street

Shelbyville, IN

3 beds | 3 baths | N/A

$356,385

Airbnb cash on cash: N/A

Traditional cash on cash: 4.82%

Airbnb Rental Income: $null

Traditional Rental Income: $2322

Airbnb ROI: N/A

Traditional ROI: 4.82%

757 W Third Street W

Shelbyville, IN

N/A beds | N/A baths | N/A

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.7%

Airbnb Rental Income: $null

Traditional Rental Income: $1028

Airbnb ROI: N/A

Traditional ROI: 3.7%

1208 Western Court

Shelbyville, IN

3 beds | 2 baths | 1,626 sq.ft.

$217,500

Airbnb cash on cash: N/A

Traditional cash on cash: 7.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2085

Airbnb ROI: N/A

Traditional ROI: 7.86%

4030 S 250 E

Shelbyville, IN

4 beds | 3 baths | 2,920 sq.ft.

$414,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.71%

Airbnb Rental Income: $null

Traditional Rental Income: $3030

Airbnb ROI: N/A