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.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1373 Airbnb ROI: N/A Traditional ROI: 7.35%
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.	$665,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.31% Airbnb Rental Income: $null Traditional Rental Income: $2884 Airbnb ROI: N/A Traditional ROI: 3.31%
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.	$375,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 4.18% Airbnb Rental Income: $915 Traditional Rental Income: $2566 Airbnb ROI: -1.48% Traditional ROI: 4.18%
410 Howard Street Shelbyville, IN Step inside a home that is as cozy as it is functional, filled with natural light and upda...	3 beds \| 1 baths \| 1,182 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $1198 Airbnb ROI: N/A Traditional ROI: 4.42%
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.	$187,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $1170 Airbnb ROI: N/A Traditional ROI: 4.22%
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.	$243,490	Airbnb cash on cash: N/A Traditional cash on cash: 6.79% Airbnb Rental Income: $null Traditional Rental Income: $2124 Airbnb ROI: N/A Traditional ROI: 6.79%
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.	$248,990	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 6.41%
714 W Washington Street Shelbyville, IN Investment Opportunity with Endless Potential! This unique property features multiple d...	3 beds \| 2 baths \| 1,534 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.56% Airbnb Rental Income: $null Traditional Rental Income: $1842 Airbnb ROI: N/A Traditional ROI: 9.56%
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.	$278,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.41% Airbnb Rental Income: $null Traditional Rental Income: $2574 Airbnb ROI: N/A Traditional ROI: 7.41%
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.	$210,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.6% Airbnb Rental Income: $915 Traditional Rental Income: $1799 Airbnb ROI: 0.44% Traditional ROI: 6.6%
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.	$243,760	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 5.74%
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%
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%
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.	$259,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.74% Airbnb Rental Income: $915 Traditional Rental Income: $1568 Airbnb ROI: 0.67% Traditional ROI: 4.74%
110 N Hamilton Street Shelbyville, IN Back on the market at no fault of sellers or house! Amazing opportunity to own your own h...	2 beds \| 1 baths \| 1,172 sq.ft.	$95,999	Airbnb cash on cash: 3.19% Traditional cash on cash: 9.94% Airbnb Rental Income: $915 Traditional Rental Income: $1205 Airbnb ROI: 3.19% Traditional ROI: 9.94%
721 Main Street Shelbyville, IN Charming 2-Bedroom Home with Private Backyard & Pole Barn This delightful 2-bedroom hom...	2 beds \| 1 baths \| 1,505 sq.ft.	$175,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 6.38% Airbnb Rental Income: $915 Traditional Rental Income: $1459 Airbnb ROI: 1.07% Traditional ROI: 6.38%
2204 Cherrybark Court Shelbyville, IN This charming 3-bedroom, 2-bath ranch home sits on a quiet cul-de-sac lot. From the welcom...	3 beds \| 2 baths \| 1,390 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $1864 Airbnb ROI: N/A Traditional ROI: 6.15%
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.	$188,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.85% Airbnb Rental Income: $null Traditional Rental Income: $1580 Airbnb ROI: N/A Traditional ROI: 6.85%
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.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.9% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 5.9%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.62% Airbnb Rental Income: $null Traditional Rental Income: $2063 Airbnb ROI: N/A Traditional ROI: 6.62%
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.	$320,000	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 \| 2 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.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $1219 Airbnb ROI: N/A Traditional ROI: 5.56%
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.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.73% Airbnb Rental Income: $null Traditional Rental Income: $1437 Airbnb ROI: N/A Traditional ROI: 5.73%
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%
719 Teal Street Shelbyville, IN Alright, buckle up buttercups, because this GARAGE also has a house on its lot. A 3 car ga...	2 beds \| 1 baths \| 854 sq.ft.	$169,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.18% Airbnb Rental Income: $915 Traditional Rental Income: $1252 Airbnb ROI: 0.99% Traditional ROI: 5.18%

Real Estate investment in Shelbyville, IN

There are 30 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $240,000 and the average price per square foot is $137. In December 2025, the average monthly cash on cash return in Shelbyville is 6.00%. The average monthly rental income in Shelbyville is $1,853.

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

There are 30 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 $1,853.

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.

$150,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1373

Airbnb ROI: N/A

Traditional ROI: 7.35%

7153 S Pr Royal Springs Drive

Shelbyville, IN

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

$665,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2884

Airbnb ROI: N/A

Traditional ROI: 3.31%

2326 Saddle Drive

Shelbyville, IN

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

$375,000

Airbnb cash on cash: -1.48%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $915

Traditional Rental Income: $2566

Airbnb ROI: -1.48%

Traditional ROI: 4.18%

410 Howard Street

Shelbyville, IN

3 beds | 1 baths | 1,182 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.42%

Airbnb Rental Income: $null

Traditional Rental Income: $1198

Airbnb ROI: N/A

Traditional ROI: 4.42%

554 W Taylor Street

Shelbyville, IN

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

$187,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1170

Airbnb ROI: N/A

Traditional ROI: 4.22%

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.

$243,490

Airbnb cash on cash: N/A

Traditional cash on cash: 6.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2124

Airbnb ROI: N/A

Traditional ROI: 6.79%

576 Plowman Drive

Shelbyville, IN

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

$248,990

Airbnb cash on cash: N/A

Traditional cash on cash: 6.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2080

Airbnb ROI: N/A