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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
916 Belvedere Dr Shelbyville, IN Spacious 4bedroom, 2.5 baths, over 2000 Sq.Ft., Open concept with Great room, Kitchen and ...	4 beds \| 2 baths \| 2,060 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.69% Airbnb Rental Income: $null Traditional Rental Income: $1853 Airbnb ROI: N/A Traditional ROI: 6.69%
862 Saraina Rd Shelbyville, IN Presenting a well maintained single-family residence, constructed in 2005, offering 1110 s...	2 beds \| 2 baths \| 1,110 sq.ft.	$212,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $1153 Airbnb ROI: N/A Traditional ROI: 3.84%
2961 N 100 W Shelbyville, IN Move-in Ready 3bed/2bath home with an acre! Don't miss out, come see this today! Many up...	3 beds \| 2 baths \| 2,177 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.73% Airbnb Rental Income: $null Traditional Rental Income: $1847 Airbnb ROI: N/A Traditional ROI: 5.73%
1440 Wilmington Blvd Shelbyville, IN Beautiful home located in popular Southern Trace! This home is darling and has been well ...	3 beds \| 2 baths \| 1,426 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $1543 Airbnb ROI: N/A Traditional ROI: 5.22%
706 7th St Shelbyville, IN This home will Surprise you! Beautiful 3 bedroom, 1 bath home, Neutral dÃ©cor throughout, ...	3 beds \| 1 baths \| 1,296 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $1168 Airbnb ROI: N/A Traditional ROI: 4.16%
2419 Simpson Ln Shelbyville, IN Enjoy peace and quiet in this beautiful well maintained condominium. Neutral colors throug...	3 beds \| 2 baths \| 1,498 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $1525 Airbnb ROI: N/A Traditional ROI: 3.63%
1219 E Mckay Rd Shelbyville, IN This home is better than new! New Furnace/AC unit, Roof, paint on the exterior of this hom...	3 beds \| 2 baths \| 1,513 sq.ft.	$234,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $1648 Airbnb ROI: N/A Traditional ROI: 5.06%
2209 S Miller Ave Shelbyville, IN Investor and homebuyer opportunity! This property is being offered at a live auction on 12...	3 beds \| 1 baths \| 1,355 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $1172 Airbnb ROI: N/A Traditional ROI: 3.76%
844 W Franklin St Shelbyville, IN Wonderfully priced 3 bedroom property. Has been an investment property at $1200-1300/mo fo...	3 beds \| 1 baths \| 2,492 sq.ft.	$114,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.87% Airbnb Rental Income: $null Traditional Rental Income: $1257 Airbnb ROI: N/A Traditional ROI: 6.87%
304 Foxridge Ct Shelbyville, IN Very nice 20 year old home in great condition in quiet neighborhood within city limits. Cl...	3 beds \| 2 baths \| 1,353 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $1465 Airbnb ROI: N/A Traditional ROI: 4.26%
1121 W Washington Ave 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.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.36% Airbnb Rental Income: $null Traditional Rental Income: $1391 Airbnb ROI: N/A Traditional ROI: 5.36%
2496 Turf Way Shelbyville, IN Welcome home to this beautifully custom-built residence in the highly desirable Trotters C...	3 beds \| 2 baths \| 3,253 sq.ft.	$434,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $2168 Airbnb ROI: N/A Traditional ROI: 3.23%
820 Blanchard St Shelbyville, IN Very clean and quaint older home, nice looking exterior, house has some updates. Master ...	3 beds \| 2 baths \| 2,360 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $1790 Airbnb ROI: N/A Traditional ROI: 6.68%
823 Center St Shelbyville, IN There's nothing like that new construction smell! RARE OPPORTUNITY - NEW BUILD WITHIN THE ...	3 beds \| 2 baths \| 1,640 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.2% Airbnb Rental Income: $null Traditional Rental Income: $1769 Airbnb ROI: N/A Traditional ROI: 6.2%
4150 W 600 S Shelbyville, IN This 3 bed, 1 bath all stone ranch is ready for new owners. Home features a generous livin...	3 beds \| 1 baths \| 864 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $1208 Airbnb ROI: N/A Traditional ROI: 5.11%
1315 Bontrager Ln Shelbyville, IN New Construction by D.R. Horton! Welcome to the Hollister in Twin Lakes. This popular floo...	3 beds \| 2 baths \| 1,406 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.43% Airbnb Rental Income: $null Traditional Rental Income: $1608 Airbnb ROI: N/A Traditional ROI: 3.43%
20 Colescott St Shelbyville, IN Don't miss out on the gem! 3 bedroom 2 full bathrooms, with laundry on the main level! C...	3 beds \| 2 baths \| 1,884 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.85% Airbnb Rental Income: $null Traditional Rental Income: $1781 Airbnb ROI: N/A Traditional ROI: 7.85%
111 Fairfield Dr Shelbyville, IN Adorable 2-bedroom, 2-bath ranch home full of character and charm! From the moment you arr...	2 beds \| 2 baths \| 1,736 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.16% Airbnb Rental Income: $null Traditional Rental Income: $1880 Airbnb ROI: N/A Traditional ROI: 8.16%
432 Lockerbie Rd Shelbyville, IN Gorgeous 3-bedroom Bedford Stone ranch in established neighborhood. Spacious back yard wi...	3 beds \| 1 baths \| 1,299 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.34% Airbnb Rental Income: $null Traditional Rental Income: $1299 Airbnb ROI: N/A Traditional ROI: 4.34%
910 Highpointe Blvd Shelbyville, IN Welcome to your 4 Bedroom 2.5 bath home in Popular Central Park. This home has newer vinyl...	4 beds \| 2 baths \| 1,474 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $1556 Airbnb ROI: N/A Traditional ROI: 4.56%
2113 Berwick Dr Shelbyville, IN Nice one owner brick ranch home has 3 bedrooms with a split floor plan, 2 full bathrooms, ...	3 beds \| 2 baths \| 1,425 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $1252 Airbnb ROI: N/A Traditional ROI: 3.23%
723 1st St Shelbyville, IN This quaint home on a quiet street has been recently updated. It has new carpet, vinyl fl...	2 beds \| 1 baths \| 1,382 sq.ft.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.07% Airbnb Rental Income: $null Traditional Rental Income: $1105 Airbnb ROI: N/A Traditional ROI: 5.07%
2513 W 300 S Shelbyville, IN Central Indiana farmland introduces you to this classic Bedford Stone (possible 4BR/2.5BA)...	4 beds \| 2 baths \| 2,748 sq.ft.	$419,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.67% Airbnb Rental Income: $null Traditional Rental Income: $1474 Airbnb ROI: N/A Traditional ROI: 1.67%
1370 Delacorte Cir Shelbyville, IN Welcome home! This 3 bedroom, 2.5 bathroom newly built home is ready for you to move in. F...	3 beds \| 2 baths \| 1,650 sq.ft.	$256,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $1560 Airbnb ROI: N/A Traditional ROI: 4.08%
632 Elm St Shelbyville, IN See this 1 story, 2 bedroom starter home located right in the heart of Shelbyville. This l...	2 beds \| 1 baths \| 1,420 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.6% Airbnb Rental Income: $null Traditional Rental Income: $1093 Airbnb ROI: N/A Traditional ROI: 3.6%
330 W Broadway St Shelbyville, IN Historic Charm Meets Modern Comfort! Step back in time and fall in love with this stunning...	3 beds \| 2 baths \| 5,477 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.71% Airbnb Rental Income: $null Traditional Rental Income: $1312 Airbnb ROI: N/A Traditional ROI: 2.71%
134 W Franklin St Shelbyville, IN The best of both worlds; beautiful new construction in the heart of town. Walkable to all...	4 beds \| 3 baths \| 2,400 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.41% Airbnb Rental Income: $null Traditional Rental Income: $2322 Airbnb ROI: N/A Traditional ROI: 4.41%
2725 N Richard Dr Shelbyville, IN Located in the Country Club Heights neighborhood this 4 bed, 2 and 1/2 bath house offers s...	4 beds \| 2 baths \| 2,660 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $1764 Airbnb ROI: N/A Traditional ROI: 3.48%
554 W Taylor St Shelbyville, IN Welcome to this beautifully renovated home where modern meets classic charm. This turn of ...	3 beds \| 1 baths \| 1,132 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $1170 Airbnb ROI: N/A Traditional ROI: 4.45%
1126 Crestmoor Dr Shelbyville, IN Clean and cute in the heart of Shelbyville. This three bedroom, one bathroom home is move-...	3 beds \| 1 baths \| 912 sq.ft.	$203,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $1072 Airbnb ROI: N/A Traditional ROI: 3.23%
917 Balto Dr Shelbyville, IN Welcome to this charming 4-bedroom home in an unbeatable location! With spacious living ar...	4 beds \| 2 baths \| 2,328 sq.ft.	$265,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.09% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 8.09%
535 Dunn Ave Shelbyville, IN Character, flexibility, and income potential - this 1939 home delivers all three. Set on n...	4 beds \| 3 baths \| 4,708 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.95% Airbnb Rental Income: $null Traditional Rental Income: $1596 Airbnb ROI: N/A Traditional ROI: 7.95%
13 W Rampart St Shelbyville, IN Located directly on the northbound corridor of State Road 9, this residential-zoned parcel...	3 beds \| 3 baths \| 3,648 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%
101 W Gosch Rd Shelbyville, IN LOCATION!! If you're looking for a peaceful country home, you just found it! This 2-3 bedr...	2 beds \| 1 baths \| 2,015 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 7.33%
617 W Franklin Street Shelbyville, IN CASH COW! CALLING ALL INVESTORS! Incredible opportunity in the booming Shelbyville Communi...	N/A beds \| N/A baths \| N/A	$299,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.3% Airbnb Rental Income: $null Traditional Rental Income: $1048 Airbnb ROI: N/A Traditional ROI: 1.3%
142 W Franklin St Shelbyville, IN 142 W Franklin St, Shelbyville, IN 46176 \| Single Family Residential	3 beds \| 2 baths \| 2,400 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.65% Airbnb Rental Income: $null Traditional Rental Income: $2053 Airbnb ROI: N/A Traditional ROI: 3.65%
180 W Washington St Shelbyville, IN 180 W Washington St, Shelbyville, IN 46176 \| Single Family Residential	4 beds \| 2 baths \| 2,400 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $2102 Airbnb ROI: N/A Traditional ROI: 3.79%
167 W Franklin St Shelbyville, IN 167 W Franklin St, Shelbyville, IN 46176 \| Single Family Residential	3 beds \| 2 baths \| 2,400 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.65% Airbnb Rental Income: $null Traditional Rental Income: $2053 Airbnb ROI: N/A Traditional ROI: 3.65%
179 W Franklin St Shelbyville, IN 179 W Franklin St, Shelbyville, IN 46176 \| Single Family Residential	4 beds \| 2 baths \| 2,400 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2069 Airbnb ROI: N/A Traditional ROI: 3.7%
22 Rampart West Rd Shelbyville, IN 22 Rampart West Rd, Shelbyville, IN 46176 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.31% Airbnb Rental Income: $null Traditional Rental Income: $689 Airbnb ROI: N/A Traditional ROI: 1.31%

Real Estate investment in Shelbyville, IN

There are 288 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $234,859 and the average price per square foot is $117. In October 2026, the average monthly cash on cash return in Shelbyville is 5.00%. The average monthly rental income in Shelbyville is $1,722.

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

There are 288 investment properties available for sale in Shelbyville.

The ROI for Short-Term is higher than the Long-Term in Shelbyville with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, IN

916 Belvedere Dr

Shelbyville, IN

4 beds | 2 baths | 2,060 sq.ft.

$229,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1853

Airbnb ROI: N/A

Traditional ROI: 6.69%

862 Saraina Rd

Shelbyville, IN

2 beds | 2 baths | 1,110 sq.ft.

$212,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.84%

Airbnb Rental Income: $null

Traditional Rental Income: $1153

Airbnb ROI: N/A

Traditional ROI: 3.84%

2961 N 100 W

Shelbyville, IN

3 beds | 2 baths | 2,177 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.73%

Airbnb Rental Income: $null

Traditional Rental Income: $1847

Airbnb ROI: N/A

Traditional ROI: 5.73%

1440 Wilmington Blvd

Shelbyville, IN

3 beds | 2 baths | 1,426 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1543

Airbnb ROI: N/A

Traditional ROI: 5.22%

706 7th St

Shelbyville, IN

3 beds | 1 baths | 1,296 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.16%

Airbnb Rental Income: $null

Traditional Rental Income: $1168

Airbnb ROI: N/A

Traditional ROI: 4.16%

2419 Simpson Ln

Shelbyville, IN

3 beds | 2 baths | 1,498 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1525

Airbnb ROI: N/A

Traditional ROI: 3.63%

1219 E Mckay Rd

Shelbyville, IN

3 beds | 2 baths | 1,513 sq.ft.

$234,999

Airbnb cash on cash: N/A

Traditional cash on cash: 5.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1648

Airbnb ROI: N/A

Traditional ROI: 5.06%

2209 S Miller Ave

Shelbyville, IN

3 beds | 1 baths | 1,355 sq.ft.

$230,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.76%

Airbnb Rental Income: $null

Traditional Rental Income: $1172

Airbnb ROI: N/A