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.

Golden Highlands Investment Property for Sale in Shelbyville, IN

Search for Golden Highlands Investment Property for Sale in Shelbyville, Indiana. Browse all of Mashvisor’s Golden Highlands Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 140 Golden Highlands Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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%
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.	$267,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 8.04%
2183 S Fairview Dr Shelbyville, IN This spacious ranch on Shelbyville's western corridor offers comfortable single-level livi...	4 beds \| 2 baths \| 1,404 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.58% Airbnb Rental Income: $null Traditional Rental Income: $1956 Airbnb ROI: N/A Traditional ROI: 6.58%
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%
1301 State St Shelbyville, IN New laminate flooring, light fixtures, breaker panel, tile walk-in shower & vinyl windows!...	1 beds \| 1 baths \| 822 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.74% Airbnb Rental Income: $null Traditional Rental Income: $1173 Airbnb ROI: N/A Traditional ROI: 6.74%
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: N/A Traditional cash on cash: 1.13% Airbnb Rental Income: $null Traditional Rental Income: $1048 Airbnb ROI: N/A Traditional ROI: 1.13%
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.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.24% Airbnb Rental Income: $null Traditional Rental Income: $1121 Airbnb ROI: N/A Traditional ROI: 1.24%
904 Moriseni St Shelbyville, IN Ready to move-in home now available! This 2 bedroom 1 bath home has a new roof, vinyl sid...	2 beds \| 1 baths \| 625 sq.ft.	$139,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.38% Airbnb Rental Income: $824 Traditional Rental Income: $922 Airbnb ROI: 1.2% Traditional ROI: 4.38%
455 W Franklin St Shelbyville, IN If you're looking for space to spread out, this 4-bedroom, 2 full bath home delivers! Gene...	4 beds \| 2 baths \| 3,798 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.75% Airbnb Rental Income: $null Traditional Rental Income: $2283 Airbnb ROI: N/A Traditional ROI: 9.75%
168 W Broadway St Shelbyville, IN Step inside and feel instantly at home in this spacious 5-bedroom property filled with nat...	5 beds \| 2 baths \| 2,770 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $2304 Airbnb ROI: N/A Traditional ROI: 6.39%
570 Plowman Dr 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.	$295,870	Airbnb cash on cash: N/A Traditional cash on cash: 6.27% Airbnb Rental Income: $null Traditional Rental Income: $2399 Airbnb ROI: N/A Traditional ROI: 6.27%
5241 W Marietta Railroad St Shelbyville, IN Welcome home to small town Marietta in Southwestern School District. This 1987 home has 2...	2 beds \| 1 baths \| 1,102 sq.ft.	$190,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 4.34% Airbnb Rental Income: $824 Traditional Rental Income: $1210 Airbnb ROI: 0.4% Traditional ROI: 4.34%
110 E South Street Shelbyville, IN A compelling opportunity awaits in Shelbyville where this triplex offers a superb prospect...	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.89% Airbnb Rental Income: $null Traditional Rental Income: $1379 Airbnb ROI: N/A Traditional ROI: 8.89%
328 E Mechanic St Shelbyville, IN A distinctive opportunity awaits that presents a truly great option for investors and all ...	4 beds \| 2 baths \| 2,240 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.3% Airbnb Rental Income: $null Traditional Rental Income: $951 Airbnb ROI: N/A Traditional ROI: 5.3%
225 E Pennsylvania St Shelbyville, IN Welcome home to this charming 3-bedroom, 1-bath property full of character and opportunity...	3 beds \| 1 baths \| 2,334 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.04% Airbnb Rental Income: $null Traditional Rental Income: $1324 Airbnb ROI: N/A Traditional ROI: 7.04%
818 Moriseni Ave Shelbyville, IN Welcome To This Charming 3 Bed / 2 Bath Home . Freshly Painted, Full Privacy Fenced Back Y...	3 beds \| 2 baths \| 1,440 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $1438 Airbnb ROI: N/A Traditional ROI: 6.02%
328-330 W Mechanic St Shelbyville, IN A distinctive opportunity awaits that presents a truly great option for investors and all ...	4 beds \| N/A baths \| 4,128 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.29% Airbnb Rental Income: $null Traditional Rental Income: $988 Airbnb ROI: N/A Traditional ROI: 4.29%
1033 Balto Dr Shelbyville, IN OPEN HOUSE THIS SUNDAY 5/3/26 from 1:00p-3:00p!! SO MUCH SPACE!! With four dedicated bedr...	4 beds \| 2 baths \| 2,800 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $2680 Airbnb ROI: N/A Traditional ROI: 6.59%
2207 S Fairview Dr Shelbyville, IN This remodeled Shelbyville ranch is move-in-ready and sits on a generous, quiet subdivisio...	3 beds \| 1 baths \| 1,482 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $1504 Airbnb ROI: N/A Traditional ROI: 4.37%
1225 E Hazelwood St S Shelbyville, IN Discover the inviting lifestyle awaiting you at 1225 E Hazelwood St S, SHELBYVILLE, IN. Th...	4 beds \| 1 baths \| 1,656 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $2054 Airbnb ROI: N/A Traditional ROI: 8.44%
2590 S Smithland Rd Shelbyville, IN Discover the inviting charm of this one owner home located at 2590 S Smithland RD in Shelb...	3 beds \| 1 baths \| 1,411 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $1838 Airbnb ROI: N/A Traditional ROI: 5.46%
4239 E State Road 44 Shelbyville, IN Close to town on 1 acre, plus qualifies for USDA loans! From the garage you enter a sunro...	3 beds \| 1 baths \| 1,854 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $1491 Airbnb ROI: N/A Traditional ROI: 4.95%
407 Eberhart Dr Shelbyville, IN This place is fresh, clean, and move-in ready & you can take that to the BANK! (Seriously,...	3 beds \| 1 baths \| 984 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $1230 Airbnb ROI: N/A Traditional ROI: 5.06%
939 Olmsted Ct Shelbyville, IN Meet 939 Olmsted Ct, a residence recently updated with fresh interior paint and new applia...	4 beds \| 2 baths \| 1,846 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.52% Airbnb Rental Income: $null Traditional Rental Income: $2289 Airbnb ROI: N/A Traditional ROI: 7.52%
835 S Harrison Street Shelbyville, IN This spacious 3-bedroom home offers more room than meets the eye! Inside, you'll find beau...	3 beds \| 2 baths \| 3,078 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $1954 Airbnb ROI: N/A Traditional ROI: 5.37%
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: 8.85% Airbnb Rental Income: $null Traditional Rental Income: $2521 Airbnb ROI: N/A Traditional ROI: 8.85%
1222 Lincoln Street Shelbyville, IN Fully updated and move-in ready, this charming 2-bedroom, 1-bath brick ranch offers the pe...	2 beds \| 1 baths \| 750 sq.ft.	$154,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 4.39% Airbnb Rental Income: $824 Traditional Rental Income: $974 Airbnb ROI: 1.18% Traditional ROI: 4.39%
953 W McKay Road Shelbyville, IN This is a nice single story 2 bedroom 1 bath brick condo located in South High Garden-a sm...	2 beds \| 1 baths \| 952 sq.ft.	$110,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.95% Airbnb Rental Income: $824 Traditional Rental Income: $1057 Airbnb ROI: 0.7% Traditional ROI: 5.95%
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.	$620,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.62% Airbnb Rental Income: $null Traditional Rental Income: $2884 Airbnb ROI: N/A Traditional ROI: 3.62%
535 Dunn Avenue Shelbyville, IN Character, flexibility, and income potential - this 1939 home delivers all three. Set on n...	4 beds \| 3 baths \| 2,816 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%
1265 Shaw Lane Shelbyville, IN Situated on one of the more private lots in the neighborhood, this 5-bedroom, 3-bath home ...	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%
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.	$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%
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.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.95% Airbnb Rental Income: $null Traditional Rental Income: $1174 Airbnb ROI: N/A Traditional ROI: 6.95%
1021 Balto Drive Shelbyville, IN Welcome to 1021 Balto Dr, a home that has been tastefully updated to meet your needs. The ...	4 beds \| 3 baths \| 2,686 sq.ft.	$283,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $2613 Airbnb ROI: N/A Traditional ROI: 7.53%
1545 Aster Drive Shelbyville, IN Beautifully appointed 4 bed/3.5 bath "like new" home with over 3100 sq.ft. on a great lot ...	4 beds \| 4 baths \| 3,127 sq.ft.	$394,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $3054 Airbnb ROI: N/A Traditional ROI: 6.03%
116 E South Street Shelbyville, IN Four bedroom, 2 full bath home available in Shelbyville. This home offers an updated kitc...	4 beds \| 2 baths \| 1,276 sq.ft.	$164,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.05% Airbnb Rental Income: $null Traditional Rental Income: $1646 Airbnb ROI: N/A Traditional ROI: 8.05%
336 W Broadway Street Shelbyville, IN Don't let the modern exterior fool you-this stunning home is full of character and charm o...	4 beds \| 2 baths \| 4,108 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.16% Airbnb Rental Income: $null Traditional Rental Income: $2181 Airbnb ROI: N/A Traditional ROI: 5.16%
243 W Locust Street Shelbyville, IN This charming home is perfect for a first-time buyer! Featuring 2 bedrooms and 1 bathroom,...	2 beds \| 1 baths \| 1,272 sq.ft.	$154,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 7.75% Airbnb Rental Income: $824 Traditional Rental Income: $1463 Airbnb ROI: 1.23% Traditional ROI: 7.75%
918 Anderson Street Shelbyville, IN If you're looking for a 3-bedroom, 2-bath home in a great location, this one checks all th...	3 beds \| 2 baths \| 1,332 sq.ft.	$182,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.43% Airbnb Rental Income: $null Traditional Rental Income: $1680 Airbnb ROI: N/A Traditional ROI: 7.43%
606 Howard Street Shelbyville, IN Just around the bend, you'll find a place you could call home! Walk into a living room wit...	3 beds \| 2 baths \| 1,584 sq.ft.	$179,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.57% Airbnb Rental Income: $null Traditional Rental Income: $1701 Airbnb ROI: N/A Traditional ROI: 7.57%

Your search for investment property begins and ends here

Golden Highlands Investment Property for Sale in Shelbyville, IN

844 W Franklin St

Shelbyville, IN

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%

917 Balto Dr

Shelbyville, IN

4 beds | 2 baths | 2,328 sq.ft.

$267,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2550

Airbnb ROI: N/A

Traditional ROI: 8.04%

2183 S Fairview Dr

Shelbyville, IN

4 beds | 2 baths | 1,404 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1956

Airbnb ROI: N/A

Traditional ROI: 6.58%

13 W Rampart St

Shelbyville, IN

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%

1301 State St

Shelbyville, IN

1 beds | 1 baths | 822 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.74%

Airbnb Rental Income: $null

Traditional Rental Income: $1173

Airbnb ROI: N/A

Traditional ROI: 6.74%

617 W Franklin Street

Shelbyville, IN

N/A beds | N/A baths | 2,884 sq.ft.

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.13%

Airbnb Rental Income: $null

Traditional Rental Income: $1048

Airbnb ROI: N/A

Traditional ROI: 1.13%

106-108 W Pennsylvania Street

Shelbyville, IN

N/A beds | N/A baths | 2,610 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.24%

Airbnb Rental Income: $null

Traditional Rental Income: $1121

Airbnb ROI: N/A

Traditional ROI: 1.24%

904 Moriseni St

Shelbyville, IN

2 beds | 1 baths | 625 sq.ft.

$139,000

Airbnb cash on cash: 1.2%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $824

Traditional Rental Income: $922

Airbnb ROI: 1.2%