Real Estate Investment Properties for Sale in Shelby, AL

Looking for investment property in Shelby, AL with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
105 Mill Creek Drive SHELBY, AL Welcome to this immaculate 4BR/3BA two-story home in a highly sought-after school district...	4 beds \| 3 baths \| 2,616 sq.ft.	$394,900	Airbnb cash on cash: 7.66% Traditional cash on cash: 4.01% Airbnb Rental Income: $4313 Traditional Rental Income: $2056 Airbnb ROI: 7.66% Traditional ROI: 4.01%
511 WALLACE DRIVE SHELBY, AL 3/2	3 beds \| 2 baths \| N/A	$395,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 2.85% Airbnb Rental Income: $3116 Traditional Rental Income: $1670 Airbnb ROI: 4.84% Traditional ROI: 2.85%
17016 HIGHWAY 42 SHELBY, AL Price Improvement!!! Layke Life awaits at this gorgeous home just off the main channel. Th...	3 beds \| 3 baths \| N/A	$599,900	Airbnb cash on cash: 2.72% Traditional cash on cash: 3.07% Airbnb Rental Income: $3116 Traditional Rental Income: $2600 Airbnb ROI: 2.72% Traditional ROI: 3.07%
797 HIGHWAY 71 SHELBY, AL Experience the best of country living in this beautifully renovated brick home nestled on ...	3 beds \| 1 baths \| N/A	$229,900	Airbnb cash on cash: 9.41% Traditional cash on cash: 2.47% Airbnb Rental Income: $3116 Traditional Rental Income: $899 Airbnb ROI: 9.41% Traditional ROI: 2.47%
234 L AND M TRACE SHELBY, AL WOW!!! LAY LAKE!! 3 bdrm/2 bath home on the water with fantastic views of the lake. Home i...	3 beds \| 2 baths \| N/A	$249,000	Airbnb cash on cash: 7.87% Traditional cash on cash: 6.22% Airbnb Rental Income: $3116 Traditional Rental Income: $2021 Airbnb ROI: 7.87% Traditional ROI: 6.22%
250 L AND M TRACE SHELBY, AL Escape to the beauty of lakefront living with this spacious 3-bedroom, 2-bathroom home off...	3 beds \| 3 baths \| N/A	$629,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 1.44% Airbnb Rental Income: $3116 Traditional Rental Income: $1812 Airbnb ROI: 2.46% Traditional ROI: 1.44%
1477 HIGHWAY 46 SHELBY, AL PEACE AND QUIET ON 12 BEAUTIFUL FENCED ACRES WITH GATED ENTRANCE - MINUTES TO LAY LAKE. C...	4 beds \| 2 baths \| N/A	$375,000	Airbnb cash on cash: 8.02% Traditional cash on cash: 3.9% Airbnb Rental Income: $4313 Traditional Rental Income: $1957 Airbnb ROI: 8.02% Traditional ROI: 3.9%
338 RIDGE LANE SHELBY, AL SELLER SAID DROP IT ON LAY LAKE! 165' of Shoreline with deep water. This Standout is compl...	3 beds \| 4 baths \| N/A	$749,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 1.47% Airbnb Rental Income: $3116 Traditional Rental Income: $1965 Airbnb ROI: 2.1% Traditional ROI: 1.47%
3060 HIGHWAY 47 SHELBY, AL This beautifully renovated home has been meticulously updated inside and out, offering mod...	4 beds \| 2 baths \| N/A	$569,000	Airbnb cash on cash: 5.21% Traditional cash on cash: 3.24% Airbnb Rental Income: $4313 Traditional Rental Income: $2357 Airbnb ROI: 5.21% Traditional ROI: 3.24%
865 HIGHWAY 71 SHELBY, AL NEW PRICE - $349,900!! Open House Saturday August 23, 2-4 p.m. Fully renovated and move-...	4 beds \| 3 baths \| N/A	$349,900	Airbnb cash on cash: 8.67% Traditional cash on cash: 2.9% Airbnb Rental Income: $4313 Traditional Rental Income: $1511 Airbnb ROI: 8.67% Traditional ROI: 2.9%
1667 HIGHWAY 46 SHELBY, AL Dual-Home Opportunity on 2.13 +/- acres - Renovated & Move in Ready! This property feature...	3 beds \| 2 baths \| N/A	$315,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 3.15% Airbnb Rental Income: $3116 Traditional Rental Income: $1414 Airbnb ROI: 6.51% Traditional ROI: 3.15%
24 SHELINA LANE SHELBY, AL WOW!! WATERFRONT!!! Cute 2 bedroom/2 bath mobile home on leased waterfront lot. Home is c...	2 beds \| 1 baths \| N/A	$155,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 7.97% Airbnb Rental Income: $1432 Traditional Rental Income: $1437 Airbnb ROI: 5.05% Traditional ROI: 7.97%

Real Estate investment in Shelby, AL

There are 12 properties for sale in the city of Shelby . The median list price in Shelby is $349,900 and the average price per square foot is $134. In September 2025, the average monthly cash on cash return in Shelby is 3.00%. The average monthly rental income in Shelby is $1,670.

Shelby, AL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 12 investment properties available for sale in Shelby.

In 2025, the best neighborhood to buy investment property is SHELBY.

The ROI for Short-Term is higher than the Long-Term in Shelby with average rental income of $3,116.

Your search for investment property begins and ends here

Investment Property for Sale in Shelby, AL

105 Mill Creek Drive

SHELBY, AL

4 beds | 3 baths | 2,616 sq.ft.

$394,900

Airbnb cash on cash: 7.66%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $4313

Traditional Rental Income: $2056

Airbnb ROI: 7.66%

Traditional ROI: 4.01%

511 WALLACE DRIVE

SHELBY, AL

3 beds | 2 baths | N/A

$395,000

Airbnb cash on cash: 4.84%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $3116

Traditional Rental Income: $1670

Airbnb ROI: 4.84%

Traditional ROI: 2.85%

17016 HIGHWAY 42

SHELBY, AL

3 beds | 3 baths | N/A

$599,900

Airbnb cash on cash: 2.72%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $3116

Traditional Rental Income: $2600

Airbnb ROI: 2.72%

Traditional ROI: 3.07%

797 HIGHWAY 71

SHELBY, AL

3 beds | 1 baths | N/A

$229,900

Airbnb cash on cash: 9.41%

Traditional cash on cash: 2.47%

Airbnb Rental Income: $3116

Traditional Rental Income: $899

Airbnb ROI: 9.41%

Traditional ROI: 2.47%

234 L AND M TRACE

SHELBY, AL

3 beds | 2 baths | N/A

$249,000

Airbnb cash on cash: 7.87%

Traditional cash on cash: 6.22%

Airbnb Rental Income: $3116

Traditional Rental Income: $2021

Airbnb ROI: 7.87%

Traditional ROI: 6.22%

250 L AND M TRACE

SHELBY, AL

3 beds | 3 baths | N/A

$629,000

Airbnb cash on cash: 2.46%

Traditional cash on cash: 1.44%

Airbnb Rental Income: $3116

Traditional Rental Income: $1812

Airbnb ROI: 2.46%

Traditional ROI: 1.44%

1477 HIGHWAY 46

SHELBY, AL

4 beds | 2 baths | N/A

$375,000

Airbnb cash on cash: 8.02%

Traditional cash on cash: 3.9%

Airbnb Rental Income: $4313

Traditional Rental Income: $1957

Airbnb ROI: 8.02%

Traditional ROI: 3.9%

338 RIDGE LANE

SHELBY, AL

3 beds | 4 baths | N/A

$749,000

Airbnb cash on cash: 2.1%

Traditional cash on cash: 1.47%

Airbnb Rental Income: $3116

Traditional Rental Income: $1965

Airbnb ROI: 2.1%