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%
165 Woodfield Cir Shelbyville, KY This beautifully maintained property is nestled in the Woodfield neighborhood. The spaciou...	4 beds \| 2 baths \| 2,569 sq.ft.	$320,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 5.34% Airbnb Rental Income: $2429 Traditional Rental Income: $2256 Airbnb ROI: 3.94% Traditional ROI: 5.34%
3127 Knob St Shelbyville, KY Discover the perfect blend of convenience and country charm in this well-maintained ranch-...	3 beds \| 2 baths \| 1,815 sq.ft.	$379,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 3.29% Airbnb Rental Income: $1547 Traditional Rental Income: $1921 Airbnb ROI: 0.98% Traditional ROI: 3.29%
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.	$765,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.9% Airbnb Rental Income: $2429 Traditional Rental Income: $5621 Airbnb ROI: 0.59% Traditional ROI: 5.9%
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.	$235,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.45% Airbnb Rental Income: $1547 Traditional Rental Income: $1493 Airbnb ROI: 2.68% Traditional ROI: 4.45%
8301 Charleston Way Shelbyville, KY Beautiful brick ranch on a level 1 acre lot in the highly desired Charleston neighborhood ...	3 beds \| 2 baths \| 1,810 sq.ft.	$420,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 2.45% Airbnb Rental Income: $1547 Traditional Rental Income: $1786 Airbnb ROI: 0.71% Traditional ROI: 2.45%
928 Guist Creek Drive Shelbyville, KY Nice 3 bedroom , 1 1/2 bath brick home ,freshly painted, new carpet, 1 car detached garage...	3 beds \| 2 baths \| 1,189 sq.ft.	$252,900	Airbnb cash on cash: 2.71% Traditional cash on cash: 4.55% Airbnb Rental Income: $1547 Traditional Rental Income: $1541 Airbnb ROI: 2.71% Traditional ROI: 4.55%
31 Wallace Ave Shelbyville, KY Welcome home to 31 Wallace Ave in Shelbyville KY! This home blends modern design with comf...	3 beds \| 2 baths \| 1,500 sq.ft.	$280,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 4.77% Airbnb Rental Income: $1547 Traditional Rental Income: $1842 Airbnb ROI: 1.96% Traditional ROI: 4.77%
134 Apple Tree Way Shelbyville, KY Welcome to this three-year-old, one-level home offering 4 bedrooms and 2 full baths. The o...	4 beds \| 2 baths \| 1,771 sq.ft.	$320,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 5.07% Airbnb Rental Income: $2429 Traditional Rental Income: $2177 Airbnb ROI: 3.94% Traditional ROI: 5.07%
704 Hollow Trace Shelbyville, KY One-of-One. Design-Forward, Bold and Refined best define the atmosphere surrounding this e...	5 beds \| 5 baths \| 5,556 sq.ft.	$1,290,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 0.26% Airbnb Rental Income: $2992 Traditional Rental Income: $2631 Airbnb ROI: -0.01% Traditional ROI: 0.26%
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.	$675,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.07% Airbnb Rental Income: $1547 Traditional Rental Income: $3194 Airbnb ROI: -0.25% Traditional ROI: 3.07%
528 Navaho Rd Shelbyville, KY Recent price improvement means this one is a must see! Set in the Town N Country neighborh...	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%
4045 Firestone Way Shelbyville, KY Welcome home. This 3 bedroom property offers a functional open concept layout with plenty ...	3 beds \| 2 baths \| 1,239 sq.ft.	$259,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 6.66% Airbnb Rental Income: $1547 Traditional Rental Income: $2132 Airbnb ROI: 2.45% Traditional ROI: 6.66%
5269 DOBSON Lane Shelbyville, KY CHARMING COTTAGE-STYLE RANCH HOME...CONVENIENTLY LOCATED...OPEN, INVITING FLOOR PLAN... of...	3 beds \| 2 baths \| 1,476 sq.ft.	$265,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 6.05% Airbnb Rental Income: $1547 Traditional Rental Income: $2068 Airbnb ROI: 2.18% Traditional ROI: 6.05%
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.	$839,500	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.19% Airbnb Rental Income: $2429 Traditional Rental Income: $2518 Airbnb ROI: 0.31% Traditional ROI: 1.19%
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%
519 Magnolia Ave Shelbyville, KY Always dreamed of owning a home on a picturesque street in beautiful downtown Shelbyville?...	4 beds \| 2 baths \| 2,100 sq.ft.	$299,900	Airbnb cash on cash: 4.7% Traditional cash on cash: 6.02% Airbnb Rental Income: $2429 Traditional Rental Income: $2207 Airbnb ROI: 4.7% Traditional ROI: 6.02%
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%
1308 Chestnut St Shelbyville, KY Welcome to 1308 Chestnut Street in Shelbyville, KY- a charming location offering 1,330 sq....	4 beds \| 1 baths \| 1,330 sq.ft.	$189,900	Airbnb cash on cash: 7.85% Traditional cash on cash: 6.51% Airbnb Rental Income: $2429 Traditional Rental Income: $1594 Airbnb ROI: 7.85% Traditional ROI: 6.51%
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%
1808 Oakwood Drive Shelbyville, KY Look no further for that great ranch you have been looking for! This home highlights a lar...	3 beds \| 1 baths \| 975 sq.ft.	$215,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 4.24% Airbnb Rental Income: $1547 Traditional Rental Income: $1249 Airbnb ROI: 3.51% Traditional ROI: 4.24%
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%
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%
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%
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.	$419,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.97% Airbnb Rental Income: $1547 Traditional Rental Income: $2416 Airbnb ROI: 0.63% Traditional ROI: 3.97%
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 \| 2 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.	$285,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 4.7% Airbnb Rental Income: $1547 Traditional Rental Income: $1762 Airbnb ROI: 2.23% Traditional ROI: 4.7%
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%
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%
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%
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%
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%
937 Miller Ave Shelbyville, KY 937 Miller Avenue gives you a home with history, care, and comfort from the moment you pul...	3 beds \| 2 baths \| 1,672 sq.ft.	$279,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 5.68% Airbnb Rental Income: $1547 Traditional Rental Income: $1927 Airbnb ROI: 2.55% Traditional ROI: 5.68%
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%
394 Cove Rd Shelbyville, KY RARE LAKEFRONT OPPORTUNITY!! First time on the market, this ranch home is located on 2 lar...	4 beds \| 2 baths \| 2,881 sq.ft.	$514,900	Airbnb cash on cash: 2.31% Traditional cash on cash: 4.23% Airbnb Rental Income: $2429 Traditional Rental Income: $2760 Airbnb ROI: 2.31% Traditional ROI: 4.23%
1466 Partridge Run Shelbyville, KY Welcome to 1466 Partridge Run in Shelbyville, KY. This stunning home combines custom upgra...	4 beds \| 3 baths \| 1,943 sq.ft.	$379,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 4.1% Airbnb Rental Income: $2429 Traditional Rental Income: $2169 Airbnb ROI: 3.17% Traditional ROI: 4.1%
650 Buckley Ln Shelbyville, KY This one of a kind property offers the perfect blend of privacy, space, and modern living....	4 beds \| 3 baths \| 3,550 sq.ft.	$549,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 3.23% Airbnb Rental Income: $2429 Traditional Rental Income: $2512 Airbnb ROI: 1.91% Traditional ROI: 3.23%
315 Vildana Ct Shelbyville, KY BETTER THAN NEW! AMAZING PRICE for LIKE NEW BUILD in SHELBYVILLE! This stunning home is NO...	4 beds \| 2 baths \| 2,788 sq.ft.	$459,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.01% Airbnb Rental Income: $2429 Traditional Rental Income: $2651 Airbnb ROI: 2.12% Traditional ROI: 4.01%

Real Estate investment in Shelbyville, KY

There are 69 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $345,000 and the average price per square foot is $152. In January 2026, the average monthly cash on cash return in Shelbyville is 4.00%. The average monthly rental income in Shelbyville is $1,988.

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

There are 69 investment properties available for sale in Shelbyville.

In 2026, 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 $1,988.

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%

165 Woodfield Cir

Shelbyville, KY

4 beds | 2 baths | 2,569 sq.ft.

$320,000

Airbnb cash on cash: 3.94%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $2429

Traditional Rental Income: $2256

Airbnb ROI: 3.94%

Traditional ROI: 5.34%

3127 Knob St

Shelbyville, KY

3 beds | 2 baths | 1,815 sq.ft.

$379,000

Airbnb cash on cash: 0.98%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $1547

Traditional Rental Income: $1921

Airbnb ROI: 0.98%

Traditional ROI: 3.29%

308 Fishman Circle

Shelbyville, KY

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

$765,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $2429

Traditional Rental Income: $5621

Airbnb ROI: 0.59%

Traditional ROI: 5.9%

71 Lanter Drive

Shelbyville, KY

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

$235,000

Airbnb cash on cash: 2.68%

Traditional cash on cash: 4.45%

Airbnb Rental Income: $1547

Traditional Rental Income: $1493

Airbnb ROI: 2.68%

Traditional ROI: 4.45%

8301 Charleston Way

Shelbyville, KY

3 beds | 2 baths | 1,810 sq.ft.

$420,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 2.45%

Airbnb Rental Income: $1547

Traditional Rental Income: $1786

Airbnb ROI: 0.71%

Traditional ROI: 2.45%

928 Guist Creek Drive

Shelbyville, KY

3 beds | 2 baths | 1,189 sq.ft.

$252,900

Airbnb cash on cash: 2.71%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $1547

Traditional Rental Income: $1541

Airbnb ROI: 2.71%

Traditional ROI: 4.55%

31 Wallace Ave

Shelbyville, KY

3 beds | 2 baths | 1,500 sq.ft.

$280,000

Airbnb cash on cash: 1.96%

Traditional cash on cash: 4.77%

Airbnb Rental Income: $1547

Traditional Rental Income: $1842

Airbnb ROI: 1.96%