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
1121 W Washington Avenue Shelbyville, IN Enjoy the feel of country living while maintaining easy access to schools and stores in th...	2 beds \| 1 baths \| 1,472 sq.ft.	$245,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 4.34% Airbnb Rental Income: $1386 Traditional Rental Income: $1391 Airbnb ROI: 2.51% Traditional ROI: 4.34%
1305 Bontrager Lane Shelbyville, IN Welcome Home! This home was built at end of 2022 & owners have put in over $50K in upgrade...	4 beds \| 3 baths \| 3,631 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.1% Airbnb Rental Income: $null Traditional Rental Income: $1670 Airbnb ROI: N/A Traditional ROI: 2.1%
215 W Franklin Street Shelbyville, IN Looking to expand your investment portfolio or start your journey in real estate? This cha...	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.65% Airbnb Rental Income: $null Traditional Rental Income: $1355 Airbnb ROI: N/A Traditional ROI: 6.65%
2326 Saddle Drive Shelbyville, IN Discover maintenance-free living in the desirable Villas at Derby Run within Trotters Chas...	2 beds \| 3 baths \| 2,376 sq.ft.	$385,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 4.03% Airbnb Rental Income: $1386 Traditional Rental Income: $2566 Airbnb ROI: -0.41% Traditional ROI: 4.03%
1445 S 750 W Shelbyville, IN Nestled at 1445 S 750 W, SHELBYVILLE, IN, this single-family residence in SHELBY County pr...	4 beds \| 2 baths \| 2,157 sq.ft.	$209,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $2318 Airbnb ROI: N/A Traditional ROI: 9.3%
554 W Taylor Street Shelbyville, IN Welcome to this beautifully renovated home where modern meets classic charm. This turn of ...	3 beds \| 1 baths \| 1,132 sq.ft.	$192,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $1170 Airbnb ROI: N/A Traditional ROI: 4.06%
1033 Fuller Lane Shelbyville, IN Finally, an affordable dream home! This is the Washington floorplan by Davis Homes which o...	5 beds \| 3 baths \| 2,506 sq.ft.	$299,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.32% Airbnb Rental Income: $null Traditional Rental Income: $2726 Airbnb ROI: N/A Traditional ROI: 7.32%
558 Plowman Drive Shelbyville, IN This is the opportunity you have been waiting for! A brand-new, 4 bedroom home in Stratfor...	4 beds \| 3 baths \| 1,445 sq.ft.	$244,490	Airbnb cash on cash: N/A Traditional cash on cash: 6.75% Airbnb Rental Income: $null Traditional Rental Income: $2124 Airbnb ROI: N/A Traditional ROI: 6.75%
2413 Griton Court Shelbyville, IN Motivated Seller!!! Come see this beautiful family home in beautiful Overlook Subdivision....	4 beds \| 3 baths \| 2,349 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.75% Airbnb Rental Income: $null Traditional Rental Income: $2615 Airbnb ROI: N/A Traditional ROI: 3.75%
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.	$264,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 5.92%
1381 Delacorte Circle Shelbyville, IN This nearly new 3-bedroom, 2.5-bathroom home offers just the right amount of space, around...	3 beds \| 3 baths \| 2,366 sq.ft.	$287,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.73% Airbnb Rental Income: $null Traditional Rental Income: $2493 Airbnb ROI: N/A Traditional ROI: 7.73%
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.	$279,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.38% Airbnb Rental Income: $null Traditional Rental Income: $2574 Airbnb ROI: N/A Traditional ROI: 7.38%
233 W Jackson St Shelbyville, IN Occupied Property Disclosure. Buyer acknowledges and understands that property herein is r...	2 beds \| 2 baths \| 1,512 sq.ft.	$160,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 8.9% Airbnb Rental Income: $1386 Traditional Rental Income: $1799 Airbnb ROI: 3.45% Traditional ROI: 8.9%
3081 Woodridge Road Shelbyville, IN You will love this tranquil and beautiful country setting on 1 acre just outside of town. ...	4 beds \| 2 baths \| 2,450 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.25% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 7.25%
3107 N 100 W Shelbyville, IN Don't miss out on this one! Nestled just outside of Shelbyville this 3 bed, 2 bath home h...	3 beds \| 2 baths \| 2,628 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 4.95%
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.	$251,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.7% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 5.7%
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 \| 4,014 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%
1504 N Knightstown Road Shelbyville, IN Dreaming of country living? This stone ranch home sits on 0.99 acres of picturesque land t...	4 beds \| 2 baths \| 1,678 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 4.71%
316 E Mechanic Street Shelbyville, IN Feast your eyes on the delightful domicile awaiting at 316 E Mechanic ST, SHELBYVILLE, IN!...	3 beds \| 2 baths \| 1,903 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.02% Airbnb Rental Income: $null Traditional Rental Income: $2075 Airbnb ROI: N/A Traditional ROI: 9.02%
634 Hoover Street Shelbyville, IN $5,000 in credits with a full price offer! Use it to buy your interest rate down, closing ...	2 beds \| 1 baths \| 552 sq.ft.	$144,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 4.87% Airbnb Rental Income: $1386 Traditional Rental Income: $1060 Airbnb ROI: 4.19% Traditional ROI: 4.87%
930 Eagle Brook Drive Shelbyville, IN Seller may consider buyer concessions if made in an offer. Welcome home to this charming 3...	3 beds \| 2 baths \| 1,358 sq.ft.	$244,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $1730 Airbnb ROI: N/A Traditional ROI: 5.34%
2900 N Michigan Road Shelbyville, IN OPEN HOUSE SUNDAY 8/23/25 4pm-6pm. This Home in Triton Central School District on almost...	3 beds \| 3 baths \| 1,920 sq.ft.	$368,800	Airbnb cash on cash: N/A Traditional cash on cash: 5.89% Airbnb Rental Income: $null Traditional Rental Income: $2600 Airbnb ROI: N/A Traditional ROI: 5.89%
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%
1121 Central Park Drive Shelbyville, IN Need more SPACE? We've got you. 1121 Central Park Drive in Shelbyville offers a whopping 3...	4 beds \| 3 baths \| 3,401 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.11% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 8.11%
1598 S Thompson Road Shelbyville, IN All brick ranch resting on .73 acres now available just outside of town! This home featur...	2 beds \| 2 baths \| 1,176 sq.ft.	$269,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.53% Airbnb Rental Income: $1386 Traditional Rental Income: $1568 Airbnb ROI: 2.16% Traditional ROI: 4.53%
2370 Steeple Chase #9 Shelbyville, IN Condo is back on Market - NO fault of Home. Located at 2370 Steeple Chase in Trotter's C...	2 beds \| 2 baths \| 1,157 sq.ft.	$219,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 4.56% Airbnb Rental Income: $1386 Traditional Rental Income: $1760 Airbnb ROI: 0.75% Traditional ROI: 4.56%
1688 Cardinal Lane Shelbyville, IN With some updating, this can be a great home for a growing family, young professional, emp...	3 beds \| 1 baths \| 864 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $1310 Airbnb ROI: N/A Traditional ROI: 8.84%

Real Estate investment in Shelbyville, IN

There are 27 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $264,990 and the average price per square foot is $135. In September 2025, the average monthly cash on cash return in Shelbyville is 6.00%. The average monthly rental income in Shelbyville is $2,088.

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

There are 27 investment properties available for sale in Shelbyville.

In 2025, 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 $2,088.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IN

1121 W Washington Avenue

Shelbyville, IN

2 beds | 1 baths | 1,472 sq.ft.

$245,000

Airbnb cash on cash: 2.51%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1386

Traditional Rental Income: $1391

Airbnb ROI: 2.51%

Traditional ROI: 4.34%

1305 Bontrager Lane

Shelbyville, IN

4 beds | 3 baths | 3,631 sq.ft.

$419,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.1%

Airbnb Rental Income: $null

Traditional Rental Income: $1670

Airbnb ROI: N/A

Traditional ROI: 2.1%

215 W Franklin Street

Shelbyville, IN

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

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.65%

Airbnb Rental Income: $null

Traditional Rental Income: $1355

Airbnb ROI: N/A

Traditional ROI: 6.65%

2326 Saddle Drive

Shelbyville, IN

2 beds | 3 baths | 2,376 sq.ft.

$385,000

Airbnb cash on cash: -0.41%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $1386

Traditional Rental Income: $2566

Airbnb ROI: -0.41%

Traditional ROI: 4.03%

1445 S 750 W

Shelbyville, IN

4 beds | 2 baths | 2,157 sq.ft.

$209,999

Airbnb cash on cash: N/A

Traditional cash on cash: 9.3%

Airbnb Rental Income: $null

Traditional Rental Income: $2318

Airbnb ROI: N/A

Traditional ROI: 9.3%

554 W Taylor Street

Shelbyville, IN

3 beds | 1 baths | 1,132 sq.ft.

$192,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1170

Airbnb ROI: N/A

Traditional ROI: 4.06%

1033 Fuller Lane

Shelbyville, IN

5 beds | 3 baths | 2,506 sq.ft.

$299,990

Airbnb cash on cash: N/A

Traditional cash on cash: 7.32%

Airbnb Rental Income: $null

Traditional Rental Income: $2726

Airbnb ROI: N/A

Traditional ROI: 7.32%

558 Plowman Drive

Shelbyville, IN

4 beds | 3 baths | 1,445 sq.ft.

$244,490

Airbnb cash on cash: N/A

Traditional cash on cash: 6.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2124

Airbnb ROI: N/A