Real Estate Investment Properties for Sale in Shelbyville, KY

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

Explore a variety of short-term homes & houses in Shelbyville, KY. Invest wisely with VRBO & Shelbyville, KY 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, KY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
44 Cherokee Dr Shelbyville, KY Welcome home to this charming 3 bed, 2.5 bath home in the HIGHLY sought after Town N Count...	3 beds \| 3 baths \| 2,316 sq.ft.	$425,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 3.83% Airbnb Rental Income: $2740 Traditional Rental Income: $2358 Airbnb ROI: 3.17% Traditional ROI: 3.83%
1247 Cambridge Dr Shelbyville, KY Welcome to this charming Shelbyville home in Country Manor! With over 1,900 square feet on...	3 beds \| 2 baths \| 2,492 sq.ft.	$399,900	Airbnb cash on cash: 3.48% Traditional cash on cash: 3.83% Airbnb Rental Income: $2740 Traditional Rental Income: $2224 Airbnb ROI: 3.48% Traditional ROI: 3.83%
3011 Mason Way Shelbyville, KY Discover this Immaculate 4-Bedroom, 2-Bath Ranch Home with Exceptional Features and Outdoo...	4 beds \| 2 baths \| 2,256 sq.ft.	$325,000	Airbnb cash on cash: 6.57% Traditional cash on cash: 6.29% Airbnb Rental Income: $3427 Traditional Rental Income: $2580 Airbnb ROI: 6.57% Traditional ROI: 6.29%
301 Pierremont Dr Shelbyville, KY Beautiful new listing 2 minutes from I-64 in Shelbyville! Highly desired location situated...	4 beds \| 3 baths \| 2,254 sq.ft.	$336,900	Airbnb cash on cash: 6.48% Traditional cash on cash: 5.63% Airbnb Rental Income: $3427 Traditional Rental Income: $2399 Airbnb ROI: 6.48% Traditional ROI: 5.63%
1044 Morning Glory Lane Shelbyville, KY Charming 3 Bedroom Ranch Home with Fenced Backyard and Bonus Room in Shelbyville, KY! Welc...	3 beds \| 2 baths \| 3,487 sq.ft.	$594,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 1.53% Airbnb Rental Income: $2740 Traditional Rental Income: $1896 Airbnb ROI: 1.88% Traditional ROI: 1.53%
5006 Black Falcon Way Shelbyville, KY Welcome to this charming 3-bedroom, 2-bathroom single-family home in the heart of Shelbyvi...	3 beds \| 2 baths \| 1,500 sq.ft.	$299,900	Airbnb cash on cash: 5.22% Traditional cash on cash: 4.52% Airbnb Rental Income: $2740 Traditional Rental Income: $1897 Airbnb ROI: 5.22% Traditional ROI: 4.52%
2793 BRASSFIELD Circle Shelbyville, KY SOUGHT-AFTER LOCATION...ADDITIONAL DEEDED LOT... MOVE IN CONDITION...This 4 Bedroom, 3 Fu...	4 beds \| 3 baths \| 3,418 sq.ft.	$475,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 3.72% Airbnb Rental Income: $3427 Traditional Rental Income: $2597 Airbnb ROI: 3.88% Traditional ROI: 3.72%
403 Frostwood Rd Shelbyville, KY Finished Basement, Move-in Ready, Farm Views, Welcome to 403 Frostwood Rd! This 3-bedroom,...	3 beds \| 3 baths \| 1,900 sq.ft.	$299,900	Airbnb cash on cash: 5.28% Traditional cash on cash: 5.05% Airbnb Rental Income: $2740 Traditional Rental Income: $2029 Airbnb ROI: 5.28% Traditional ROI: 5.05%
117 Alton Rd Shelbyville, KY DARLING DWELLING! This adorable 3 bedroom 2 Bath home in the heart of Shelbyville was full...	3 beds \| 2 baths \| 1,515 sq.ft.	$299,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 4.89% Airbnb Rental Income: $2740 Traditional Rental Income: $1841 Airbnb ROI: 5.8% Traditional ROI: 4.89%
214 Education Way Shelbyville, KY Perfectly situated in the new neighborhood of Discovery Point is this meticulously crafted...	4 beds \| 3 baths \| 2,741 sq.ft.	$510,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 3.63% Airbnb Rental Income: $3427 Traditional Rental Income: $2741 Airbnb ROI: 3.48% Traditional ROI: 3.63%
1100 Brown Ave Shelbyville, KY Great first home or investment property.conveniently located on a dead end street. There a...	2 beds \| 1 baths \| 1,155 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $1171 Airbnb ROI: N/A Traditional ROI: 5.76%
76 Pearl St Shelbyville, KY This charming older home is ready for its next family! Featuring updates like ceramic tile...	2 beds \| 1 baths \| 724 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.85% Airbnb Rental Income: $null Traditional Rental Income: $1157 Airbnb ROI: N/A Traditional ROI: 4.85%
700 Day Ct Shelbyville, KY This beautiful, nearly new home is ready for you to move inâno waiting for construction ...	3 beds \| 3 baths \| 2,372 sq.ft.	$357,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.19% Airbnb Rental Income: $2740 Traditional Rental Income: $2488 Airbnb ROI: 4.02% Traditional ROI: 5.19%
1216 Christianburg Rd Shelbyville, KY STOP RIGHT HERE! One of Shelby County's Finest Farms! This 15.55 Acres w/nice Home & Barns...	3 beds \| 2 baths \| 2,300 sq.ft.	$675,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 1.63% Airbnb Rental Income: $2740 Traditional Rental Income: $1880 Airbnb ROI: 1.97% Traditional ROI: 1.63%
111 Ardmore Crossing Dr Shelbyville, KY The neighborhood of Ardmore Crossing is situated in an excellent location...mere minutes f...	4 beds \| 3 baths \| 2,265 sq.ft.	$353,500	Airbnb cash on cash: 5.8% Traditional cash on cash: 5.2% Airbnb Rental Income: $3427 Traditional Rental Income: $2466 Airbnb ROI: 5.8% Traditional ROI: 5.2%
1319 Hannah Road Shelbyville, KY First time offered! Check out this Bedford Stone Home on 7.66 Acres! This home features ...	3 beds \| 2 baths \| 1,870 sq.ft.	$399,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 3.73% Airbnb Rental Income: $2740 Traditional Rental Income: $1985 Airbnb ROI: 4.03% Traditional ROI: 3.73%
3079 Elmburg Road Shelbyville, KY You will absolutely fall in love with this newly renovated 3 Bedroom, 3 Bath home sitting ...	3 beds \| 3 baths \| 2,250 sq.ft.	$599,900	Airbnb cash on cash: 1.72% Traditional cash on cash: 1.88% Airbnb Rental Income: $2740 Traditional Rental Income: $2187 Airbnb ROI: 1.72% Traditional ROI: 1.88%
1471 Tatum Road Shelbyville, KY WOW!! Stop Right Here! This Amazing 4 Bedroom 3 1/2 Bath home Features over 3000 sf of Liv...	4 beds \| 4 baths \| 2,844 sq.ft.	$539,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 4.96% Airbnb Rental Income: $3427 Traditional Rental Income: $3133 Airbnb ROI: 4.03% Traditional ROI: 4.96%
518 Aiken Rd Shelbyville, KY OWNER FINANCING AVAILABE, CONTACT AGENT FOR INFO! RARE OPPORTUNITY TO OWN 25.10 ACRES- WIT...	5 beds \| 5 baths \| 5,608 sq.ft.	$1,395,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 2.13% Airbnb Rental Income: $5204 Traditional Rental Income: $4472 Airbnb ROI: 1.88% Traditional ROI: 2.13%
2813 Brassfield Circle Shelbyville, KY Welcome to the much sought out Brassfield community and this beautiful move-in ready 3 bed...	3 beds \| 3 baths \| 2,321 sq.ft.	$326,900	Airbnb cash on cash: 4.33% Traditional cash on cash: 5.51% Airbnb Rental Income: $2740 Traditional Rental Income: $2457 Airbnb ROI: 4.33% Traditional ROI: 5.51%
5573 Orphan Lane Shelbyville, KY Welcome Home!!! This 4 Bed 3 Bath is waiting for you. On sprawling grounds with over 2 acr...	4 beds \| 3 baths \| 2,913 sq.ft.	$459,900	Airbnb cash on cash: 4.44% Traditional cash on cash: 4.66% Airbnb Rental Income: $3427 Traditional Rental Income: $2758 Airbnb ROI: 4.44% Traditional ROI: 4.66%
575 Moody Pike Shelbyville, KY Discover this beautifully restored, fully operational Bed & Breakfast, circa 1860 estate h...	5 beds \| 4 baths \| 5,500 sq.ft.	$2,250,000	Airbnb cash on cash: 0.09% Traditional cash on cash: -0.24% Airbnb Rental Income: $5204 Traditional Rental Income: $3465 Airbnb ROI: 0.09% Traditional ROI: -0.24%
6901 Charleston Way Shelbyville, KY Welcome to this exquisite home that perfectly blends comfort and functionality! Step into ...	5 beds \| 4 baths \| 4,471 sq.ft.	$548,700	Airbnb cash on cash: 6.02% Traditional cash on cash: 4.77% Airbnb Rental Income: $5204 Traditional Rental Income: $3505 Airbnb ROI: 6.02% Traditional ROI: 4.77%
176 Ardmore Ln Shelbyville, KY GREAT FAMILY HOME situated on a lovely 1 acre lot on a quiet dead end street, conveniently...	3 beds \| 3 baths \| 2,455 sq.ft.	$344,900	Airbnb cash on cash: 5.07% Traditional cash on cash: 6.12% Airbnb Rental Income: $2740 Traditional Rental Income: $2435 Airbnb ROI: 5.07% Traditional ROI: 6.12%
7049 Benson Pike Shelbyville, KY Welcome to your dream retreat on 5 picturesque acres! This enchanting farm features a spac...	3 beds \| 2 baths \| 2,329 sq.ft.	$520,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 2.33% Airbnb Rental Income: $2740 Traditional Rental Income: $2125 Airbnb ROI: 2.26% Traditional ROI: 2.33%
1556 Robin Rd Shelbyville, KY Stylish new Harmony plan by D.R. Horton in beautiful Robin Place featuring one floor livin...	3 beds \| 2 baths \| 1,498 sq.ft.	$324,900	Airbnb cash on cash: 4.65% Traditional cash on cash: 3.94% Airbnb Rental Income: $2740 Traditional Rental Income: $1877 Airbnb ROI: 4.65% Traditional ROI: 3.94%
98 McMakin McMullin Rd Shelbyville, KY Are you looking for a house with land, but still want the convenience of being close to th...	4 beds \| 3 baths \| 1,391 sq.ft.	$425,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 2.67% Airbnb Rental Income: $3427 Traditional Rental Income: $1895 Airbnb ROI: 4.61% Traditional ROI: 2.67%
605 Brown Ave Shelbyville, KY Welcome to this beautifully remodeled 5-bedroom, 2.5-bath home, located in the heart of th...	5 beds \| 3 baths \| 2,414 sq.ft.	$569,900	Airbnb cash on cash: 6.51% Traditional cash on cash: 3.58% Airbnb Rental Income: $5204 Traditional Rental Income: $2587 Airbnb ROI: 6.51% Traditional ROI: 3.58%
420 Bob Jeff Road Shelbyville, KY Welcome to your dream home nestled in the heart of Shelby County! This beautifully updated...	3 beds \| 2 baths \| 1,725 sq.ft.	$387,000	Airbnb cash on cash: 4.13% Traditional cash on cash: 3.83% Airbnb Rental Income: $2740 Traditional Rental Income: $1987 Airbnb ROI: 4.13% Traditional ROI: 3.83%
168 Exploration Path #30B Shelbyville, KY New construction by Fischer Homes in beautiful Discovery Point with the trendy Wembley des...	3 beds \| 3 baths \| 2,187 sq.ft.	$329,990	Airbnb cash on cash: 3.97% Traditional cash on cash: 4.83% Airbnb Rental Income: $2740 Traditional Rental Income: $2361 Airbnb ROI: 3.97% Traditional ROI: 4.83%
171 Exploration Path #38A Shelbyville, KY New construction by Fischer Homes in beautiful Discovery Point with the trendy Wembley des...	3 beds \| 3 baths \| 2,187 sq.ft.	$324,990	Airbnb cash on cash: 4.06% Traditional cash on cash: 4.83% Airbnb Rental Income: $2740 Traditional Rental Income: $2331 Airbnb ROI: 4.06% Traditional ROI: 4.83%
6057 Edgemont Way Shelbyville, KY Looking for a home in Cloverbrook Farms? This home has 4 bedrooms & 2 Full & 1 Half bathro...	4 beds \| 3 baths \| 2,061 sq.ft.	$334,900	Airbnb cash on cash: 6.32% Traditional cash on cash: 5.36% Airbnb Rental Income: $3427 Traditional Rental Income: $2364 Airbnb ROI: 6.32% Traditional ROI: 5.36%
926 Dry Run Dr Shelbyville, KY Welcome to 926 Dry Run Drive in Shelbyville, a beautifully designed home offering 3,020 sq...	4 beds \| 3 baths \| 3,020 sq.ft.	$399,900	Airbnb cash on cash: 4.92% Traditional cash on cash: 5.07% Airbnb Rental Income: $3427 Traditional Rental Income: $2721 Airbnb ROI: 4.92% Traditional ROI: 5.07%
196 Blossom Cir Shelbyville, KY Welcome to this beautifully crafted, all-brick story-and-a-half home, boasting 3,962 total...	5 beds \| 4 baths \| 3,962 sq.ft.	$489,000	Airbnb cash on cash: 7.12% Traditional cash on cash: 5.48% Airbnb Rental Income: $5204 Traditional Rental Income: $3397 Airbnb ROI: 7.12% Traditional ROI: 5.48%
55 Wendover Ct Shelbyville, KY Located in one of Shelbyville's most popular neighborhoods, this 3 bedroom, 2 full bath ra...	3 beds \| 2 baths \| 1,225 sq.ft.	$305,000	Airbnb cash on cash: 5.22% Traditional cash on cash: 3.5% Airbnb Rental Income: $2740 Traditional Rental Income: $1601 Airbnb ROI: 5.22% Traditional ROI: 3.5%
1091 Bagdad Road Shelbyville, KY Great small baby farm 7.99 acres all fenced with 5 stall barn with 2 bedroom house remodel...	2 beds \| 1 baths \| 980 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.03% Airbnb Rental Income: $null Traditional Rental Income: $1297 Airbnb ROI: N/A Traditional ROI: 2.03%
4061 Firestone Way Shelbyville, KY FULL STOP! This one is a must see. Welcome to 4061 Firestone Way. Boasting four bedroom...	4 beds \| 3 baths \| 2,606 sq.ft.	$349,900	Airbnb cash on cash: 5.9% Traditional cash on cash: 5.53% Airbnb Rental Income: $3427 Traditional Rental Income: $2545 Airbnb ROI: 5.9% Traditional ROI: 5.53%
6024 Edgemont Way Shelbyville, KY Welcome home to 6024 Edgemont Way! This charming 3 bedroom, 2.5 bathroom home offers a spa...	3 beds \| 3 baths \| 2,195 sq.ft.	$325,000	Airbnb cash on cash: 4.66% Traditional cash on cash: 5.25% Airbnb Rental Income: $2740 Traditional Rental Income: $2276 Airbnb ROI: 4.66% Traditional ROI: 5.25%
2040 Hearthside Cir Shelbyville, KY This beautifully updated 3 bedroom, 2 bath brick ranch is located on a quiet street in the...	3 beds \| 2 baths \| 1,552 sq.ft.	$319,900	Airbnb cash on cash: 4.9% Traditional cash on cash: 4.14% Airbnb Rental Income: $2740 Traditional Rental Income: $1865 Airbnb ROI: 4.9% Traditional ROI: 4.14%
1568 Haley Rd Shelbyville, KY Charming Manufactured Home on 6.14 Acres in Shelby County. Escape the hustle and bustle of...	3 beds \| 2 baths \| 1,383 sq.ft.	$269,000	Airbnb cash on cash: 6.57% Traditional cash on cash: 5.33% Airbnb Rental Income: $2740 Traditional Rental Income: $1780 Airbnb ROI: 6.57% Traditional ROI: 5.33%

Real Estate investment in Shelbyville, KY

There are 48 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $345,000 and the average price per square foot is $158. In January 2025, the average monthly cash on cash return in Shelbyville is 4.00%. The average monthly rental income in Shelbyville is $2,175.

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

There are 48 investment properties available for sale in Shelbyville.

In 2025, 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 $3,181.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, KY

44 Cherokee Dr

Shelbyville, KY

3 beds | 3 baths | 2,316 sq.ft.

$425,000

Airbnb cash on cash: 3.17%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $2740

Traditional Rental Income: $2358

Airbnb ROI: 3.17%

Traditional ROI: 3.83%

1247 Cambridge Dr

Shelbyville, KY

3 beds | 2 baths | 2,492 sq.ft.

$399,900

Airbnb cash on cash: 3.48%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $2740

Traditional Rental Income: $2224

Airbnb ROI: 3.48%

Traditional ROI: 3.83%

3011 Mason Way

Shelbyville, KY

4 beds | 2 baths | 2,256 sq.ft.

$325,000

Airbnb cash on cash: 6.57%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $3427

Traditional Rental Income: $2580

Airbnb ROI: 6.57%

Traditional ROI: 6.29%

301 Pierremont Dr

Shelbyville, KY

4 beds | 3 baths | 2,254 sq.ft.

$336,900

Airbnb cash on cash: 6.48%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $3427

Traditional Rental Income: $2399

Airbnb ROI: 6.48%

Traditional ROI: 5.63%

1044 Morning Glory Lane

Shelbyville, KY

3 beds | 2 baths | 3,487 sq.ft.

$594,900

Airbnb cash on cash: 1.88%

Traditional cash on cash: 1.53%

Airbnb Rental Income: $2740

Traditional Rental Income: $1896

Airbnb ROI: 1.88%

Traditional ROI: 1.53%

5006 Black Falcon Way

Shelbyville, KY

3 beds | 2 baths | 1,500 sq.ft.

$299,900

Airbnb cash on cash: 5.22%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $2740

Traditional Rental Income: $1897

Airbnb ROI: 5.22%

Traditional ROI: 4.52%

2793 BRASSFIELD Circle

Shelbyville, KY

4 beds | 3 baths | 3,418 sq.ft.

$475,000

Airbnb cash on cash: 3.88%

Traditional cash on cash: 3.72%

Airbnb Rental Income: $3427

Traditional Rental Income: $2597

Airbnb ROI: 3.88%

Traditional ROI: 3.72%

403 Frostwood Rd

Shelbyville, KY

3 beds | 3 baths | 1,900 sq.ft.

$299,900

Airbnb cash on cash: 5.28%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $2740

Traditional Rental Income: $2029

Airbnb ROI: 5.28%