Real Estate Investment Properties for Sale in Shelbyville, KY

Looking for investment property in Shelbyville, KY with high ROI ?

Explore a variety of short-term homes & houses in Shelbyville, KY. Invest wisely with VRBO & Shelbyville, KY 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, KY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6078 Edgemont Way Shelbyville, KY Discover the perfect blend of modern updates and thoughtful design in this freshly updated...	3 beds \| 2 baths \| 1,642 sq.ft.	$345,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 3.98% Airbnb Rental Income: $1547 Traditional Rental Income: $1982 Airbnb ROI: 1.26% Traditional ROI: 3.98%
1826 Blackwell Rd Shelbyville, KY Welcome to your beautiful new home in the desirable Robin Place neighborhood! This 3 bed 2...	3 beds \| 2 baths \| 1,200 sq.ft.	$275,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 4.28% Airbnb Rental Income: $1547 Traditional Rental Income: $1682 Airbnb ROI: 2.03% Traditional ROI: 4.28%
502 Locust Lane Shelbyville, KY A Rare Offering in the Heart of Shelby County, Kentucky. This extraordinary estate redefin...	4 beds \| 5 baths \| 3,276 sq.ft.	$1,900,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 0.66% Airbnb Rental Income: $2429 Traditional Rental Income: $4537 Airbnb ROI: -0.87% Traditional ROI: 0.66%
414 Knobview Dr Shelbyville, KY This beautifully renovated 3-bedroom, 1.5-bath home combines modern comfort with timeless ...	3 beds \| 2 baths \| 1,865 sq.ft.	$269,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 6.25% Airbnb Rental Income: $1547 Traditional Rental Income: $2045 Airbnb ROI: 2.53% Traditional ROI: 6.25%
2121 Two Springs Dr Shelbyville, KY An elegant offering in the desirable Summersfield subdivision, this home boasts four bedro...	4 beds \| 2 baths \| 1,592 sq.ft.	$323,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 4.19% Airbnb Rental Income: $2429 Traditional Rental Income: $1942 Airbnb ROI: 3.84% Traditional ROI: 4.19%
308 Fishman Circle Shelbyville, KY Assumable low intent loan!!! This home is true waterfront, offering breathtaking lake view...	4 beds \| 5 baths \| 4,850 sq.ft.	$775,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 5.8% Airbnb Rental Income: $2429 Traditional Rental Income: $5621 Airbnb ROI: 0.56% Traditional ROI: 5.8%
71 Lanter Drive Shelbyville, KY Welcome home to 71 Lanter Drive in beautiful Shelbyville! Come see this updated, one-of-a-...	3 beds \| 2 baths \| 1,213 sq.ft.	$237,500	Airbnb cash on cash: 2.63% Traditional cash on cash: 4.38% Airbnb Rental Income: $1547 Traditional Rental Income: $1493 Airbnb ROI: 2.63% Traditional ROI: 4.38%
639 S Stallard Dr Shelbyville, KY This Stallard Springs home gives you space, privacy, and a setting that feels steady the m...	4 beds \| 4 baths \| 4,650 sq.ft.	$899,900	Airbnb cash on cash: 0.17% Traditional cash on cash: 0.74% Airbnb Rental Income: $2429 Traditional Rental Income: $2311 Airbnb ROI: 0.17% Traditional ROI: 0.74%
909 Miller Ave Shelbyville, KY GET READY TO PURCHASE NOW! 4-5 BEDROOMS, POPULAR NEIGHBORHOOD, TERRIFIC PRICE. Many upgrad...	4 beds \| 2 baths \| 2,430 sq.ft.	$366,500	Airbnb cash on cash: 3.78% Traditional cash on cash: 4.94% Airbnb Rental Income: $2429 Traditional Rental Income: $2234 Airbnb ROI: 3.78% Traditional ROI: 4.94%
3344 Frankfort Rd Shelbyville, KY Welcome to this like-new 3 bedroom, 2.5 bathroom home set on 5 beautiful acres, offering t...	3 beds \| 2 baths \| 2,443 sq.ft.	$699,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 2.9% Airbnb Rental Income: $1547 Traditional Rental Income: $3194 Airbnb ROI: -0.31% Traditional ROI: 2.9%
528 Navaho Rd Shelbyville, KY Set in the Town N Country neighborhood located across from the Shelbyville Country Club, t...	4 beds \| 2 baths \| 3,232 sq.ft.	$399,999	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.33% Airbnb Rental Income: $2429 Traditional Rental Income: $2039 Airbnb ROI: 2.79% Traditional ROI: 3.33%
300 S Stallard Dr Shelbyville, KY Welcome to 300 S Stallard Dr.! This timeless home is situated on a tree-lined lot of 6.61 ...	4 beds \| 2 baths \| 3,073 sq.ft.	$849,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 1.15% Airbnb Rental Income: $2429 Traditional Rental Income: $2518 Airbnb ROI: 0.29% Traditional ROI: 1.15%
653 Revelation Way Shelbyville, KY Some photos have been virtually staged. New construction by Fischer Homes in the beautiful...	4 beds \| 2 baths \| 2,452 sq.ft.	$449,990	Airbnb cash on cash: 2.21% Traditional cash on cash: 3.74% Airbnb Rental Income: $2429 Traditional Rental Income: $2481 Airbnb ROI: 2.21% Traditional ROI: 3.74%
206 Jail Hill Road Shelbyville, KY Minutes from the heart of Shelbyville and the interstate with easy access to local shops, ...	3 beds \| 2 baths \| 1,850 sq.ft.	$499,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 2.92% Airbnb Rental Income: $1547 Traditional Rental Income: $2012 Airbnb ROI: 0.97% Traditional ROI: 2.92%
188 Eminence Pike Shelbyville, KY Check it Out! This Very well maintained home is Move in Ready! Features include a Large fa...	2 beds \| 1 baths \| 970 sq.ft.	$219,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 4.08% Airbnb Rental Income: $1503 Traditional Rental Income: $1176 Airbnb ROI: 3.53% Traditional ROI: 4.08%
686 Hannah Rd Shelbyville, KY STOP! Hold your HORSES Right Here!!! This immaculate Newly Build Log Home is situated in t...	3 beds \| 2 baths \| 2,124 sq.ft.	$750,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.25% Airbnb Rental Income: $1547 Traditional Rental Income: $2261 Airbnb ROI: -0.41% Traditional ROI: 1.25%
236 Education Way Shelbyville, KY Trendy new Ivy Modern Retreat plan by Fischer Homes in beautiful Discovery Point. This uni...	4 beds \| 2 baths \| 2,788 sq.ft.	$489,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 3.22% Airbnb Rental Income: $2429 Traditional Rental Income: $2646 Airbnb ROI: 1.46% Traditional ROI: 3.22%
172 Exploration Path Shelbyville, KY This bright and inviting condo offers an open layout, modern finishes, and minimal upkeep-...	3 beds \| 2 baths \| 1,657 sq.ft.	$305,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.51% Airbnb Rental Income: $1547 Traditional Rental Income: $2146 Airbnb ROI: 0.87% Traditional ROI: 4.51%
705 Learning Ridge Shelbyville, KY Gorgeous new Jensen Western Craftsman plan by Fischer Homes in beautiful Discovery Point f...	4 beds \| 2 baths \| 2,793 sq.ft.	$414,500	Airbnb cash on cash: 2.55% Traditional cash on cash: 4.62% Airbnb Rental Income: $2429 Traditional Rental Income: $2639 Airbnb ROI: 2.55% Traditional ROI: 4.62%
250 Education Way Shelbyville, KY Gorgeous new Charles Modern Farmhouse plan by Fischer Homes in beautiful Discovery Point f...	3 beds \| 2 baths \| 2,483 sq.ft.	$459,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.59% Airbnb Rental Income: $1547 Traditional Rental Income: $2469 Airbnb ROI: 0.41% Traditional ROI: 3.59%
131 Exploration Path unit: 47B #47B Shelbyville, KY Gorgeous new Wembley Western Craftsman plan by Fischer Homes in beautiful Discovery Point ...	3 beds \| 2 baths \| 2,187 sq.ft.	$324,120	Airbnb cash on cash: 0.71% Traditional cash on cash: 4.81% Airbnb Rental Income: $1547 Traditional Rental Income: $2349 Airbnb ROI: 0.71% Traditional ROI: 4.81%
712 Washington St Shelbyville, KY Welcome to 712 Washington Street-an exceptional duplex located in the vibrant heart of dow...	1 beds \| 2 baths \| 1,520 sq.ft.	$250,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.34% Airbnb Rental Income: $830 Traditional Rental Income: $1523 Airbnb ROI: 0.02% Traditional ROI: 4.34%
1608 Doral Ct Shelbyville, KY Newly renovated exterior including Garage doors (3), windows, siding, and painted surfaces...	5 beds \| 4 baths \| 4,845 sq.ft.	$650,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 4.23% Airbnb Rental Income: $2992 Traditional Rental Income: $3636 Airbnb ROI: 2.03% Traditional ROI: 4.23%
113 Nora Ave Shelbyville, KY Charming and fully remodeled 2BR/1BA home at 113 Nora Ave in Shelbyville! Features include...	2 beds \| 1 baths \| 795 sq.ft.	$199,900	Airbnb cash on cash: 3.75% Traditional cash on cash: 4.05% Airbnb Rental Income: $1503 Traditional Rental Income: $1122 Airbnb ROI: 3.75% Traditional ROI: 4.05%
517 Aiken Road Shelbyville, KY A perfect blend of luxury and country living awaits on just under 35 ACRES with this spect...	5 beds \| 6 baths \| 8,119 sq.ft.	$1,950,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.17% Airbnb Rental Income: $2992 Traditional Rental Income: $6828 Airbnb ROI: -0.33% Traditional ROI: 2.17%
210 Ardmore Crossing Dr Shelbyville, KY Loaded with high-end upgrades from Pulte's premium package, this meticulously maintained h...	3 beds \| 2 baths \| 2,605 sq.ft.	$400,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.41% Airbnb Rental Income: $1547 Traditional Rental Income: $2475 Airbnb ROI: 0.74% Traditional ROI: 4.41%
7091 Discovery Point Dr Shelbyville, KY New construction by Fischer Homes in beautiful Discovery Point, featuring the Yosemite pla...	3 beds \| 2 baths \| 2,278 sq.ft.	$417,400	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.01% Airbnb Rental Income: $1547 Traditional Rental Income: $2416 Airbnb ROI: 0.64% Traditional ROI: 4.01%
610 Heinsville Road Shelbyville, KY Here is your Dream mini-farm. This 5 acre mini farm will not last long and its calling you...	3 beds \| N/A baths \| 2,494 sq.ft.	$459,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.75% Airbnb Rental Income: $1547 Traditional Rental Income: $2410 Airbnb ROI: 0.71% Traditional ROI: 3.75%
971 Heinsville Road Shelbyville, KY Welcome to this all brick ranch home located at 971 Heinsville Road. This home sits on 3 a...	3 beds \| 2 baths \| 1,485 sq.ft.	$315,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 4.16% Airbnb Rental Income: $1547 Traditional Rental Income: $1762 Airbnb ROI: 1.93% Traditional ROI: 4.16%
161 Exploration Path unit: 42A #42A Shelbyville, KY Trendy new Wembley Western Craftsman plan by Fischer Homes in beautiful Discovery Point fe...	3 beds \| 2 baths \| 2,187 sq.ft.	$328,500	Airbnb cash on cash: 0.68% Traditional cash on cash: 4.72% Airbnb Rental Income: $1547 Traditional Rental Income: $2348 Airbnb ROI: 0.68% Traditional ROI: 4.72%
573 Birchwood Cir Shelbyville, KY Stop Right Here! This 3 Bedroom 2 Bath house is the one! First Floor features include an E...	3 beds \| 2 baths \| 1,130 sq.ft.	$250,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 4.61% Airbnb Rental Income: $1547 Traditional Rental Income: $1633 Airbnb ROI: 2.35% Traditional ROI: 4.61%
135 Pheasant Glen Dr Shelbyville, KY Discover the Sienna by D.R. Horton in beautiful Pheasant Glen, a thoughtfully designed hom...	3 beds \| 2 baths \| 1,818 sq.ft.	$299,900	Airbnb cash on cash: 1.71% Traditional cash on cash: 5.51% Airbnb Rental Income: $1547 Traditional Rental Income: $2173 Airbnb ROI: 1.71% Traditional ROI: 5.51%
196 Kentucky St Shelbyville, KY	3 beds \| 1 baths \| 1,140 sq.ft.	$220,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 4.43% Airbnb Rental Income: $1547 Traditional Rental Income: $1403 Airbnb ROI: 2.98% Traditional ROI: 4.43%
1510 St Andrews Dr Shelbyville, KY In one of the most desirable subdivsions in Shelby County, this home sits in the prestigio...	4 beds \| 4 baths \| 4,549 sq.ft.	$549,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 7.04% Airbnb Rental Income: $2429 Traditional Rental Income: $4682 Airbnb ROI: 1.5% Traditional ROI: 7.04%
507 Matterhorn Dr Shelbyville, KY Welcome to 507 Matterhorn Drive! A well kept, move in ready home offering 4 bedrooms and 2...	4 beds \| 2 baths \| 1,620 sq.ft.	$315,000	Airbnb cash on cash: 3.98% Traditional cash on cash: 4.56% Airbnb Rental Income: $2429 Traditional Rental Income: $2007 Airbnb ROI: 3.98% Traditional ROI: 4.56%
27 Plantation Dr Shelbyville, KY Back on the market, PRICED to SELL!!! Your next home is located in the highly desirable We...	3 beds \| 2 baths \| 1,823 sq.ft.	$425,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 3.07% Airbnb Rental Income: $1547 Traditional Rental Income: $2064 Airbnb ROI: 0.65% Traditional ROI: 3.07%
2264 Anderson Lane Shelbyville, KY Imagine 30 acres, a 40x110 ft metal building that has water and electricity, and a silo wi...	3 beds \| 3 baths \| 2,078 sq.ft.	$1,214,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.07% Airbnb Rental Income: $1547 Traditional Rental Income: $2267 Airbnb ROI: -0.96% Traditional ROI: 0.07%
3108 Pheasant Court Shelbyville, KY Upon entering this home, an open living room features a fireplace and access to first floo...	3 beds \| 2 baths \| 2,515 sq.ft.	$359,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 4.72% Airbnb Rental Income: $1547 Traditional Rental Income: $2333 Airbnb ROI: 1.07% Traditional ROI: 4.72%
1128 Cropper Road Shelbyville, KY Country living at its finest. Welcome to your own private retreat close to town. This clas...	4 beds \| 3 baths \| 2,915 sq.ft.	$775,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.56% Airbnb Rental Income: $2429 Traditional Rental Income: $2915 Airbnb ROI: 1.06% Traditional ROI: 2.56%
266 Bonniemere Rd Shelbyville, KY Dream home on Guist Creek Lake! Private boat dock. Three bedrooms, and 3 full bathrooms. R...	3 beds \| 2 baths \| 3,192 sq.ft.	$350,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 3.98% Airbnb Rental Income: $1547 Traditional Rental Income: $1793 Airbnb ROI: 1.87% Traditional ROI: 3.98%

Real Estate investment in Shelbyville, KY

There are 69 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $379,000 and the average price per square foot is $160. In December 2025, the average monthly cash on cash return in Shelbyville is 4.00%. The average monthly rental income in Shelbyville is $2,011.

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

There are 69 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 $2,011.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, KY

6078 Edgemont Way

Shelbyville, KY

3 beds | 2 baths | 1,642 sq.ft.

$345,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 3.98%

Airbnb Rental Income: $1547

Traditional Rental Income: $1982

Airbnb ROI: 1.26%

Traditional ROI: 3.98%

1826 Blackwell Rd

Shelbyville, KY

3 beds | 2 baths | 1,200 sq.ft.

$275,000

Airbnb cash on cash: 2.03%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $1547

Traditional Rental Income: $1682

Airbnb ROI: 2.03%

Traditional ROI: 4.28%

502 Locust Lane

Shelbyville, KY

4 beds | 5 baths | 3,276 sq.ft.

$1,900,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 0.66%

Airbnb Rental Income: $2429

Traditional Rental Income: $4537

Airbnb ROI: -0.87%

Traditional ROI: 0.66%

414 Knobview Dr

Shelbyville, KY

3 beds | 2 baths | 1,865 sq.ft.

$269,900

Airbnb cash on cash: 2.53%

Traditional cash on cash: 6.25%

Airbnb Rental Income: $1547

Traditional Rental Income: $2045

Airbnb ROI: 2.53%

Traditional ROI: 6.25%

2121 Two Springs Dr

Shelbyville, KY

4 beds | 2 baths | 1,592 sq.ft.

$323,000

Airbnb cash on cash: 3.84%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $2429

Traditional Rental Income: $1942

Airbnb ROI: 3.84%

Traditional ROI: 4.19%

308 Fishman Circle

Shelbyville, KY

4 beds | 5 baths | 4,850 sq.ft.

$775,000

Airbnb cash on cash: 0.56%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $2429

Traditional Rental Income: $5621

Airbnb ROI: 0.56%

Traditional ROI: 5.8%

71 Lanter Drive

Shelbyville, KY

3 beds | 2 baths | 1,213 sq.ft.

$237,500

Airbnb cash on cash: 2.63%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1547

Traditional Rental Income: $1493

Airbnb ROI: 2.63%

Traditional ROI: 4.38%

639 S Stallard Dr

Shelbyville, KY

4 beds | 4 baths | 4,650 sq.ft.

$899,900

Airbnb cash on cash: 0.17%

Traditional cash on cash: 0.74%

Airbnb Rental Income: $2429

Traditional Rental Income: $2311

Airbnb ROI: 0.17%