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.	$234,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.57% Airbnb Rental Income: $1195 Traditional Rental Income: $1391 Airbnb ROI: 1.94% Traditional ROI: 4.57%
1051 Meridian Street Shelbyville, IN Nestled at 1051 Meridian ST, SHELBYVILLE, IN, this inviting home in Shelby County stands r...	2 beds \| 1 baths \| 920 sq.ft.	$164,900	Airbnb cash on cash: 3.3% Traditional cash on cash: 5.48% Airbnb Rental Income: $1195 Traditional Rental Income: $1150 Airbnb ROI: 3.3% Traditional ROI: 5.48%
150 East Drive Shelbyville, IN One story home with 3 bedrooms in town now available! Quiet area off the beaten path, wit...	3 beds \| 1 baths \| 1,104 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $1334 Airbnb ROI: N/A Traditional ROI: 6.82%
316 W Broadway Street Shelbyville, IN Step into timeless elegance & modern comfort in this beautifully preserved historic home, ...	5 beds \| 3 baths \| 3,959 sq.ft.	$357,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $3318 Airbnb ROI: N/A Traditional ROI: 8.04%
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.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.19% Airbnb Rental Income: $null Traditional Rental Income: $2884 Airbnb ROI: N/A Traditional ROI: 3.19%
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: -0.85% Traditional cash on cash: 4.03% Airbnb Rental Income: $1195 Traditional Rental Income: $2566 Airbnb ROI: -0.85% 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.	$198,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.91% Airbnb Rental Income: $null Traditional Rental Income: $2318 Airbnb ROI: N/A Traditional ROI: 9.91%
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%
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.	$249,990	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $2080 Airbnb ROI: N/A Traditional ROI: 6.38%
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.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.97% Airbnb Rental Income: $null Traditional Rental Income: $1842 Airbnb ROI: N/A Traditional ROI: 8.97%
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.	$287,800	Airbnb cash on cash: N/A Traditional cash on cash: 7.74% Airbnb Rental Income: $null Traditional Rental Income: $2493 Airbnb ROI: N/A Traditional ROI: 7.74%
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: 2.4% Traditional cash on cash: 8.9% Airbnb Rental Income: $1195 Traditional Rental Income: $1799 Airbnb ROI: 2.4% Traditional ROI: 8.9%
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.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 5.38%
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.	$244,760	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 5.92%
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%
2900 N Michigan Road Shelbyville, IN This Home in Triton Central School District on almost an acre (.92), has 3 bedrooms, 3 bat...	3 beds \| 3 baths \| 1,920 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2600 Airbnb ROI: N/A Traditional ROI: 6.46%
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.	$264,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 4.63% Airbnb Rental Income: $1195 Traditional Rental Income: $1568 Airbnb ROI: 1.58% Traditional ROI: 4.63%
1237 Elm Street Shelbyville, IN Very nice updated 2 bedroom 1 bath home located in the heart of Shelbyville. Enjoy your m...	2 beds \| 1 baths \| 880 sq.ft.	$159,900	Airbnb cash on cash: 2.84% Traditional cash on cash: 5.72% Airbnb Rental Income: $1195 Traditional Rental Income: $1247 Airbnb ROI: 2.84% Traditional ROI: 5.72%
1265 Shaw Lane Shelbyville, IN Located on one of the more private lots in the neighborhood, this 5-bedroom, 3-bath beauty...	5 beds \| 3 baths \| 3,131 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $2934 Airbnb ROI: N/A Traditional ROI: 5.51%
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.	$109,900	Airbnb cash on cash: 4.88% Traditional cash on cash: 8.62% Airbnb Rental Income: $1195 Traditional Rental Income: $1205 Airbnb ROI: 4.88% Traditional ROI: 8.62%
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.	$199,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.51% Airbnb Rental Income: $1195 Traditional Rental Income: $1459 Airbnb ROI: 2.06% Traditional ROI: 5.51%
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.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $1864 Airbnb ROI: N/A Traditional ROI: 5.72%
1617 S Riley Highway Shelbyville, IN Step into timeless elegance at 1617 S Riley HWY! Built in 1930, this home offers a blend o...	4 beds \| 3 baths \| 1,854 sq.ft.	$257,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.27% Airbnb Rental Income: $null Traditional Rental Income: $2532 Airbnb ROI: N/A Traditional ROI: 8.27%
1034 Fallway Drive Shelbyville, IN NO HOA! In a well kept, highly desired, neighborhood with NO HOA! This gorgeous home has...	3 beds \| 2 baths \| 1,644 sq.ft.	$320,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.41% Airbnb Rental Income: $null Traditional Rental Income: $1974 Airbnb ROI: N/A Traditional ROI: 4.41%
1301 State Street Shelbyville, IN Investor alert! This home has been a rental. Now vacated and ready for you to put the fi...	2 beds \| 1 baths \| 822 sq.ft.	$79,900	Airbnb cash on cash: 6.56% Traditional cash on cash: 11.21% Airbnb Rental Income: $1195 Traditional Rental Income: $1173 Airbnb ROI: 6.56% Traditional ROI: 11.21%
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.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $1580 Airbnb ROI: N/A Traditional ROI: 6.43%
1001 Balto Drive Shelbyville, IN One of the best homes in this Subdivision is calling your name as the new owner. Nestled ...	4 beds \| 3 baths \| 2,328 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.27% Airbnb Rental Income: $null Traditional Rental Income: $2364 Airbnb ROI: N/A Traditional ROI: 7.27%
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.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 5.58%
5521 S Wilson Meadows Drive Shelbyville, IN Large home located just a few miles south of Shelbyville in Wilson Meadows now available. ...	3 beds \| 2 baths \| 2,320 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.26% Airbnb Rental Income: $null Traditional Rental Income: $2301 Airbnb ROI: N/A Traditional ROI: 5.26%
2108 Willow Oak Court Shelbyville, IN Nestled at 2108 Willow Oak CT, SHELBYVILLE, IN, this single-family residence in Shelby Cou...	4 beds \| 3 baths \| 2,368 sq.ft.	$305,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.66% Airbnb Rental Income: $null Traditional Rental Income: $2554 Airbnb ROI: N/A Traditional ROI: 6.66%
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.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.47% Airbnb Rental Income: $null Traditional Rental Income: $2063 Airbnb ROI: N/A Traditional ROI: 6.47%
1255 E Longwood Shelbyville, IN Nestled at 1255 E Longwood Ets, 3 bedroom, 2 bath total electric ranch style home on the o...	3 beds \| 2 baths \| 1,265 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 6% Airbnb Rental Income: $null Traditional Rental Income: $1716 Airbnb ROI: N/A Traditional ROI: 6%
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.	$324,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.84% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 6.84%
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.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.21% Airbnb Rental Income: $null Traditional Rental Income: $2959 Airbnb ROI: N/A Traditional ROI: 7.21%
4784 S Columbus Road Shelbyville, IN Two bedrooms, 2 bath ranch ready for someone to bring it back to life. The expansive 2 a...	2 beds \| 2 baths \| 1,468 sq.ft.	$230,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 6.84% Airbnb Rental Income: $1195 Traditional Rental Income: $1842 Airbnb ROI: 2.09% Traditional ROI: 6.84%

Real Estate investment in Shelbyville, IN

There are 39 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $260,000 and the average price per square foot is $132. In October 2025, the average monthly cash on cash return in Shelbyville is 6.00%. The average monthly rental income in Shelbyville is $2,154.

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

There are 39 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 $2,154.

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.

$234,900

Airbnb cash on cash: 1.94%

Traditional cash on cash: 4.57%

Airbnb Rental Income: $1195

Traditional Rental Income: $1391

Airbnb ROI: 1.94%

Traditional ROI: 4.57%

1051 Meridian Street

Shelbyville, IN

2 beds | 1 baths | 920 sq.ft.

$164,900

Airbnb cash on cash: 3.3%

Traditional cash on cash: 5.48%

Airbnb Rental Income: $1195

Traditional Rental Income: $1150

Airbnb ROI: 3.3%

Traditional ROI: 5.48%

150 East Drive

Shelbyville, IN

3 beds | 1 baths | 1,104 sq.ft.

$160,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.82%

Airbnb Rental Income: $null

Traditional Rental Income: $1334

Airbnb ROI: N/A

Traditional ROI: 6.82%

316 W Broadway Street

Shelbyville, IN

5 beds | 3 baths | 3,959 sq.ft.

$357,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.04%

Airbnb Rental Income: $null

Traditional Rental Income: $3318

Airbnb ROI: N/A

Traditional ROI: 8.04%

7153 S Pr Royal Springs Drive

Shelbyville, IN

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

$685,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2884

Airbnb ROI: N/A

Traditional ROI: 3.19%

2326 Saddle Drive

Shelbyville, IN

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

$385,000

Airbnb cash on cash: -0.85%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $1195

Traditional Rental Income: $2566

Airbnb ROI: -0.85%

Traditional ROI: 4.03%

1445 S 750 W

Shelbyville, IN

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

$198,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.91%

Airbnb Rental Income: $null

Traditional Rental Income: $2318

Airbnb ROI: N/A

Traditional ROI: 9.91%

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