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
629 9th Street Shelbyville, IN This 3-bedroom, 1-bath ranch home has great potential and just needs a little TLC to truly...	3 beds \| 1 baths \| 1,140 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.24% Airbnb Rental Income: $null Traditional Rental Income: $1373 Airbnb ROI: N/A Traditional ROI: 8.24%
1120 Central Park Drive Shelbyville, IN This single-family residence in Shelby County presents an inviting home and great floor pl...	4 beds \| 3 baths \| 4,993 sq.ft.	$237,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $1501 Airbnb ROI: N/A Traditional ROI: 4.3%
7153 S Pr Royal Springs Drive Shelbyville, IN Welcome to your own private WOODED oasis! This beautiful ONE-LEVEL home with a finished ba...	5 beds \| 3 baths \| 3,757 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.58% Airbnb Rental Income: $null Traditional Rental Income: $2884 Airbnb ROI: N/A Traditional ROI: 3.58%
576 Plowman Drive Shelbyville, IN At last an opportunity to live in a brand-new home at an affordable price. This beautiful ...	4 beds \| 3 baths \| 1,716 sq.ft.	$245,990	Airbnb cash on cash: N/A Traditional cash on cash: 6.51% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 6.51%
1041 Fuller Lane Shelbyville, IN Another brand-new, affordable dream home by Davis Homes. This is the Roosevelt floorplan, ...	4 beds \| 3 baths \| 2,196 sq.ft.	$269,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.72% Airbnb Rental Income: $null Traditional Rental Income: $2574 Airbnb ROI: N/A Traditional ROI: 7.72%
1073 Fuller Lane Shelbyville, IN Welcome to the Grant floorplan by Davis Homes. This thoughtfully designed, cozy ranch floo...	3 beds \| 2 baths \| 1,294 sq.ft.	$239,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 5.86%
629 S Miller Street Shelbyville, IN Welcome Home to this gorgeous American Foursquare in the heart of Shelbyville. This home i...	3 beds \| 3 baths \| 2,838 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2404 Airbnb ROI: N/A Traditional ROI: 5.75%
13 W Rampart Street Shelbyville, IN Located directly on the northbound corridor of State Road 9, this residential-zoned parcel...	3 beds \| 3 baths \| 1,824 sq.ft.	$900,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.68% Airbnb Rental Income: $null Traditional Rental Income: $2388 Airbnb ROI: N/A Traditional ROI: 1.68%
718 Berkeley Drive Shelbyville, IN Affordable 3 bedroom home in Crestmoor available! This home has had updates in recent yea...	3 beds \| 1 baths \| 925 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $1198 Airbnb ROI: N/A Traditional ROI: 5.33%
407 Alice Street Shelbyville, IN Charming home located in the heart of Shelbyville! This property features a bright and inv...	3 beds \| 2 baths \| 1,203 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.98% Airbnb Rental Income: $null Traditional Rental Income: $1580 Airbnb ROI: N/A Traditional ROI: 6.98%
101 W Gosch Road Shelbyville, IN LOCATION!! If you're looking for a peaceful country home, you just found it! This 2-3 be...	3 beds \| 2 baths \| 2,015 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 6.02%
1654 Carriage Circle Shelbyville, IN Welcome to this beautifully maintained property, boasting a neutral color paint scheme tha...	3 beds \| 3 baths \| 1,789 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $2063 Airbnb ROI: N/A Traditional ROI: 6.93%
1423 Buttercup Lane Shelbyville, IN Welcome to this nearly new, 2-year-old 2-story home that offers the perfect blend of moder...	4 beds \| 3 baths \| 2,263 sq.ft.	$319,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.94% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 6.94%
2991 N Fleming Circle Shelbyville, IN WOW Beautifully remodeled move-in ready home in great Shelbyville neighborhood! Home featu...	4 beds \| 4 baths \| 2,358 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $2959 Airbnb ROI: N/A Traditional ROI: 7.44%
620 E McKay Road Shelbyville, IN This 5 bedroom, 3 bath home, with a 2 car attached garage, a pole barn and fenced in back ...	5 beds \| 3 baths \| 3,572 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $2876 Airbnb ROI: N/A Traditional ROI: 5.86%
822 Westpointe Drive Shelbyville, IN Welcome home to this beautifully maintained property offering Immediate Occupancy! It is c...	3 beds \| N/A baths \| 1,612 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $1975 Airbnb ROI: N/A Traditional ROI: 6.64%
521 Eberhart Drive Shelbyville, IN Welcome home to this cozy 3-bedroom, 1-bath ranch, perfectly situated in a quiet Shelbyvil...	3 beds \| 1 baths \| 900 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $1219 Airbnb ROI: N/A Traditional ROI: 5.75%
759 E 450 S Shelbyville, IN All-Brick Home on Over an Acre - Great Potential! This 3-bedroom, 1-bath all-brick home si...	3 beds \| 1 baths \| 1,447 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.55% Airbnb Rental Income: $null Traditional Rental Income: $1498 Airbnb ROI: N/A Traditional ROI: 7.55%
2492 S 125 E Shelbyville, IN Welcome home! Check out this 3bdrm home situated on a huge corner lot, just on the edge of...	3 beds \| 1 baths \| 1,296 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.07% Airbnb Rental Income: $null Traditional Rental Income: $1437 Airbnb ROI: N/A Traditional ROI: 6.07%
525 Third Street Shelbyville, IN Charming, Fully Updated Bungalow in a Prime Location! Close to schools, parks, the Boys &...	2 beds \| 2 baths \| 884 sq.ft.	$159,900	Airbnb cash on cash: 1.16% Traditional cash on cash: 6.12% Airbnb Rental Income: $915 Traditional Rental Income: $1330 Airbnb ROI: 1.16% Traditional ROI: 6.12%
227 W Mechanic Street Shelbyville, IN Some rooms just can't help but make a statement, it's what they were built to do. Walk thr...	3 beds \| 2 baths \| 3,392 sq.ft.	$242,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.63% Airbnb Rental Income: $null Traditional Rental Income: $1769 Airbnb ROI: N/A Traditional ROI: 5.63%
315 W South Street Shelbyville, IN Move in ready adorable bungalow now available! This 2-bedroom, 1 bath home had an overhau...	2 beds \| 1 baths \| 856 sq.ft.	$163,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 5.69% Airbnb Rental Income: $915 Traditional Rental Income: $1216 Airbnb ROI: 1.56% Traditional ROI: 5.69%
617 W Franklin Street Shelbyville, IN CASH COW! CALLING ALL INVESTORS! Incredible opportunity in the booming Shelbyville Communi...	N/A beds \| N/A baths \| 2,884 sq.ft.	$324,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.13% Airbnb Rental Income: $915 Traditional Rental Income: $1048 Airbnb ROI: -0.43% Traditional ROI: 1.13%
522 Plowman Drive Shelbyville, IN At last an opportunity to live in a brand-new home at an affordable price. This beautiful ...	3 beds \| 3 baths \| 1,664 sq.ft.	$249,990	Airbnb cash on cash: N/A Traditional cash on cash: 6.42% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 6.42%
106-108 W Pennsylvania Street Shelbyville, IN CALLING ALL INVESTORS!! $52250 annual rents! 5 apartments comprised of --three 1/1, one s...	N/A beds \| N/A baths \| 2,610 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.07% Airbnb Rental Income: $null Traditional Rental Income: $1121 Airbnb ROI: N/A Traditional ROI: 1.07%
2245 S Clark Road Shelbyville, IN Nestled at 2245 S Clark RD, SHELBYVILLE, IN, this single-family 3 bedroom 2 full bath 4 ca...	3 beds \| 2 baths \| 1,694 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $1927 Airbnb ROI: N/A Traditional ROI: 5.1%
606 W 450 S Shelbyville, IN This three bedroom one bath home located in the country has lots of updates. New roof, win...	3 beds \| 1 baths \| 910 sq.ft.	$162,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $1174 Airbnb ROI: N/A Traditional ROI: 5.43%
760 E 600 S Shelbyville, IN 8.10 ACRES. BARNS AND BUILDINGS EVERYWHERE YOU SEE! If you've been waiting for that perfec...	4 beds \| 2 baths \| 1,708 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $2167 Airbnb ROI: N/A Traditional ROI: 4.13%

Real Estate investment in Shelbyville, IN

There are 28 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $330,726 and the average price per square foot is $164. In January 2026, the average monthly cash on cash return in Shelbyville is 6.00%. The average monthly rental income in Shelbyville is $1,907.

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

There are 28 investment properties available for sale in Shelbyville.

In 2026, the best neighborhood to buy investment property is Shelbyville.

The ROI for Long-Term is higher than the Short-Term in Shelbyville with average rental income of $1,907.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IN

629 9th Street

Shelbyville, IN

3 beds | 1 baths | 1,140 sq.ft.

$135,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.24%

Airbnb Rental Income: $null

Traditional Rental Income: $1373

Airbnb ROI: N/A

Traditional ROI: 8.24%

1120 Central Park Drive

Shelbyville, IN

4 beds | 3 baths | 4,993 sq.ft.

$237,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.3%

Airbnb Rental Income: $null

Traditional Rental Income: $1501

Airbnb ROI: N/A

Traditional ROI: 4.3%

7153 S Pr Royal Springs Drive

Shelbyville, IN

5 beds | 3 baths | 3,757 sq.ft.

$625,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2884

Airbnb ROI: N/A

Traditional ROI: 3.58%

576 Plowman Drive

Shelbyville, IN

4 beds | 3 baths | 1,716 sq.ft.

$245,990

Airbnb cash on cash: N/A

Traditional cash on cash: 6.51%

Airbnb Rental Income: $null

Traditional Rental Income: $2080

Airbnb ROI: N/A

Traditional ROI: 6.51%

1041 Fuller Lane

Shelbyville, IN

4 beds | 3 baths | 2,196 sq.ft.

$269,990

Airbnb cash on cash: N/A

Traditional cash on cash: 7.72%

Airbnb Rental Income: $null

Traditional Rental Income: $2574

Airbnb ROI: N/A

Traditional ROI: 7.72%

1073 Fuller Lane

Shelbyville, IN

3 beds | 2 baths | 1,294 sq.ft.

$239,990

Airbnb cash on cash: N/A

Traditional cash on cash: 5.86%

Airbnb Rental Income: $null

Traditional Rental Income: $1887

Airbnb ROI: N/A

Traditional ROI: 5.86%

629 S Miller Street

Shelbyville, IN

3 beds | 3 baths | 2,838 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2404

Airbnb ROI: N/A

Traditional ROI: 5.75%

13 W Rampart Street

Shelbyville, IN

3 beds | 3 baths | 1,824 sq.ft.

$900,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2388

Airbnb ROI: N/A