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
44 Cherokee Dr Shelbyville, KY Welcome home to this charming 3 bed, 2.5 bath home in the HIGHLY sought after Town N Count...	3 beds \| 3 baths \| 2,500 sq.ft.	$375,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 4.58% Airbnb Rental Income: $2597 Traditional Rental Income: $2358 Airbnb ROI: 3.5% Traditional ROI: 4.58%
1617 Doral Ct Shelbyville, KY GOLFERS! Cart path located across the street to the Shelby CC! This exceptional 4-bedroom,...	4 beds \| 3 baths \| 3,372 sq.ft.	$484,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 3.49% Airbnb Rental Income: $2899 Traditional Rental Income: $2516 Airbnb ROI: 2.85% Traditional ROI: 3.49%
467 Cove Road Shelbyville, KY Lake views, an inground pool AND a hot tub, all on a double lot in Shelbyville! This 4 bed...	4 beds \| 3 baths \| 2,012 sq.ft.	$610,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 1.28% Airbnb Rental Income: $2899 Traditional Rental Income: $1877 Airbnb ROI: 1.89% Traditional ROI: 1.28%
2038 Hearthside Cir Shelbyville, KY Inviting Walk-Out Ranch Conveniently Located in Shelbyville! Welcome home to this well-des...	3 beds \| 2 baths \| 1,903 sq.ft.	$320,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 4.7% Airbnb Rental Income: $2597 Traditional Rental Income: $2066 Airbnb ROI: 4.4% Traditional ROI: 4.7%
4038 Firestone Way Shelbyville, KY Welcome to 4038 Firestone Way in Shelbyville! This 4 bedroom, 2.5 bathroom home offers a f...	4 beds \| 3 baths \| 1,600 sq.ft.	$294,900	Airbnb cash on cash: 6.07% Traditional cash on cash: 5.1% Airbnb Rental Income: $2899 Traditional Rental Income: $1956 Airbnb ROI: 6.07% Traditional ROI: 5.1%
223 Woodfield Cir Shelbyville, KY Welcome to 223 Woodfield Cir! This beautiful 4-bedroom, 2-full-bath home features a welcom...	4 beds \| 2 baths \| 1,810 sq.ft.	$305,000	Airbnb cash on cash: 5.58% Traditional cash on cash: 5.13% Airbnb Rental Income: $2899 Traditional Rental Income: $2098 Airbnb ROI: 5.58% Traditional ROI: 5.13%
195 Locust Grove Road Shelbyville, KY Escape to your own private homestead on 5 sprawling acres, just minutes from town and 4.5 ...	3 beds \| 3 baths \| 2,504 sq.ft.	$574,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.55% Airbnb Rental Income: $2597 Traditional Rental Income: $2453 Airbnb ROI: 1.66% Traditional ROI: 2.55%
163 Ardmore Crossing Dr Shelbyville, KY Move right in-no waiting to build! Welcome home to this beautifully upgraded 4-bedroom, 2....	4 beds \| 3 baths \| 2,265 sq.ft.	$379,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 4.61% Airbnb Rental Income: $2899 Traditional Rental Income: $2391 Airbnb ROI: 4.15% Traditional ROI: 4.61%
184 Cherokee Drive Shelbyville, KY Stunning Shelbyville Ranch with Finished Basement & Backyard Oasis! Welcome home to 184 Ch...	4 beds \| 3 baths \| 3,615 sq.ft.	$649,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.2% Airbnb Rental Income: $2899 Traditional Rental Income: $2554 Airbnb ROI: 1.66% Traditional ROI: 2.2%
1510 Robin Rd Shelbyville, KY Modern Comfort Meets Everyday Convenience in Shelbyville! Welcome to 1510 Robin Road, a be...	3 beds \| 3 baths \| 1,818 sq.ft.	$328,000	Airbnb cash on cash: 4.25% Traditional cash on cash: 6.64% Airbnb Rental Income: $2597 Traditional Rental Income: $2712 Airbnb ROI: 4.25% Traditional ROI: 6.64%
3036 Barlows Brook Road Shelbyville, KY Welcome to 3036 Barlows Brook, a beautiful home in a prime location for commuters, offerin...	3 beds \| 3 baths \| 1,860 sq.ft.	$357,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 6.18% Airbnb Rental Income: $2597 Traditional Rental Income: $2791 Airbnb ROI: 3.75% Traditional ROI: 6.18%
47 Eminence Pike Shelbyville, KY Open the door and it just feels right! This is one of those homes that's instantly comfort...	3 beds \| 1 baths \| 1,350 sq.ft.	$240,000	Airbnb cash on cash: 7.09% Traditional cash on cash: 7.39% Airbnb Rental Income: $2597 Traditional Rental Income: $2045 Airbnb ROI: 7.09% Traditional ROI: 7.39%
221 Hillview Dr Shelbyville, KY SELLER IS OFFERING $6,500 TOWARDS BUYER'S CLOSING COSTS OR PERMANENT INTEREST RATE BUYDOWN...	3 beds \| 3 baths \| 2,860 sq.ft.	$384,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 4.48% Airbnb Rental Income: $2597 Traditional Rental Income: $2380 Airbnb ROI: 3.36% Traditional ROI: 4.48%
98 Plantation Dr Shelbyville, KY 1.27 Acres of Privacy, Space & Convenience in Weissinger Estates! Looking for a little bre...	4 beds \| 4 baths \| 3,518 sq.ft.	$585,500	Airbnb cash on cash: 2.05% Traditional cash on cash: 2.01% Airbnb Rental Income: $2899 Traditional Rental Income: $2206 Airbnb ROI: 2.05% Traditional ROI: 2.01%
4045 Lagrange Rd Shelbyville, KY Welcome to this beautifully renovated three-bedroom, three-full-bathroom brick ranch with ...	3 beds \| 3 baths \| 2,200 sq.ft.	$639,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 2.35% Airbnb Rental Income: $2597 Traditional Rental Income: $2258 Airbnb ROI: 1.88% Traditional ROI: 2.35%
7950 Hempridge Rd Shelbyville, KY Calling all horse and land lovers! This incredible 51-acre property is a dream come true f...	2 beds \| 3 baths \| 2,683 sq.ft.	$815,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.13% Airbnb Rental Income: $1665 Traditional Rental Income: $2359 Airbnb ROI: -0.4% Traditional ROI: 1.13%
437 Vildana Way Shelbyville, KY Welcome to this beautiful 3-bedroom, 2 1/2-bath home offering over 2,100 square feet of th...	3 beds \| 3 baths \| 2,126 sq.ft.	$371,500	Airbnb cash on cash: 3.45% Traditional cash on cash: 3.72% Airbnb Rental Income: $2597 Traditional Rental Income: $2067 Airbnb ROI: 3.45% Traditional ROI: 3.72%
575 Moody Pike Shelbyville, KY Welcome to 575 Moody Pike where Southern charm meets historic beauty. Conveniently located...	4 beds \| 4 baths \| 5,500 sq.ft.	$1,249,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.05% Airbnb Rental Income: $2899 Traditional Rental Income: $3465 Airbnb ROI: -0.02% Traditional ROI: 1.05%
7049 Benson Pike Shelbyville, KY Looking for room to spread out and enjoy country living? This unique 5 acre property offer...	3 beds \| 2 baths \| 2,390 sq.ft.	$550,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 2.1% Airbnb Rental Income: $2597 Traditional Rental Income: $2125 Airbnb ROI: 1.81% Traditional ROI: 2.1%
720 Learning Ridge Shelbyville, KY New construction by Fischer Homes in the beautiful Discovery Point community featuring the...	4 beds \| 3 baths \| 2,790 sq.ft.	$444,900	Airbnb cash on cash: 3.27% Traditional cash on cash: 4.25% Airbnb Rental Income: $2899 Traditional Rental Income: $2635 Airbnb ROI: 3.27% Traditional ROI: 4.25%
702 Learning Ridge Shelbyville, KY New construction by Fischer Homes in the beautiful Discovery Point community, featuring th...	3 beds \| 3 baths \| 2,897 sq.ft.	$394,900	Airbnb cash on cash: 3.23% Traditional cash on cash: 4.68% Airbnb Rental Income: $2597 Traditional Rental Income: $2512 Airbnb ROI: 3.23% Traditional ROI: 4.68%
1029 Dry Run Ct Shelbyville, KY Spacious and nearly new (just 2 years old), this well-designed two-story home is tucked aw...	4 beds \| 3 baths \| 2,606 sq.ft.	$362,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 5.92% Airbnb Rental Income: $2899 Traditional Rental Income: $2485 Airbnb ROI: 5.16% Traditional ROI: 5.92%
39 Morningside Dr Shelbyville, KY Located in the highly desirable Catalpa Green neighborhood, this stunning 2021 built home ...	4 beds \| 4 baths \| 4,253 sq.ft.	$450,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 5.39% Airbnb Rental Income: $2899 Traditional Rental Income: $3208 Airbnb ROI: 3.06% Traditional ROI: 5.39%
8237 Mount Eden Rd Shelbyville, KY This charming home in Southville is country living and will be a great place to call home!...	3 beds \| 2 baths \| 1,367 sq.ft.	$799,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 1.08% Airbnb Rental Income: $2597 Traditional Rental Income: $1685 Airbnb ROI: 1.47% Traditional ROI: 1.08%
342 Frankfort Rd Shelbyville, KY Extra large duplex with consistent cash flow. Long term tenants. First Floor features 3 be...	5 beds \| 2 baths \| 3,872 sq.ft.	$250,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 7.38% Airbnb Rental Income: $2597 Traditional Rental Income: $2202 Airbnb ROI: 6.42% Traditional ROI: 7.38%
2376 Anderson Ln Shelbyville, KY !8.68 Acres with a stunning 5100+ Southland Log luxury estate cabin. This rambling home fe...	4 beds \| 3 baths \| 5,324 sq.ft.	$1,600,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 0.21% Airbnb Rental Income: $2899 Traditional Rental Income: $2449 Airbnb ROI: 0.06% Traditional ROI: 0.21%
201 Cherokee Dr Shelbyville, KY This new construction in Town an Country is almost ready for its first owners! This 3 bed,...	3 beds \| 2 baths \| 2,043 sq.ft.	$649,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 2.34% Airbnb Rental Income: $2597 Traditional Rental Income: $2172 Airbnb ROI: 2.02% Traditional ROI: 2.34%
3337 Hooper Station Rd Shelbyville, KY 5 ACRES + BARN + OVERSIZED GARAGE/WORKSHOP! Welcome to 3337 Hooper Station Road, where you...	3 beds \| 2 baths \| 1,415 sq.ft.	$437,500	Airbnb cash on cash: 3.39% Traditional cash on cash: 2.7% Airbnb Rental Income: $2597 Traditional Rental Income: $1695 Airbnb ROI: 3.39% Traditional ROI: 2.7%
409 E Vine St Shelbyville, KY Welcome to 409 E Vine, a beautifully updated home nestled in the desirable Tower Heights n...	4 beds \| 3 baths \| 3,630 sq.ft.	$450,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 4.43% Airbnb Rental Income: $2899 Traditional Rental Income: $2718 Airbnb ROI: 3.27% Traditional ROI: 4.43%
123 Eastview Cir Shelbyville, KY MOTIVATED SELLER! Welcome to 123 Eastview Circle! This recently renovated and thoughtfully...	3 beds \| 1 baths \| 1,073 sq.ft.	$215,000	Airbnb cash on cash: 7.92% Traditional cash on cash: 4.05% Airbnb Rental Income: $2597 Traditional Rental Income: $1187 Airbnb ROI: 7.92% Traditional ROI: 4.05%
2280 Anderson Ln Shelbyville, KY Luxury newer construction on 15.01 acres in Shelbyville, KY! This exceptional custom-built...	5 beds \| 5 baths \| 4,180 sq.ft.	$1,899,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.68% Airbnb Rental Income: $1955 Traditional Rental Income: $4565 Airbnb ROI: -1.09% Traditional ROI: 0.68%
2164 Southville Pike Shelbyville, KY Escape to the country on this beautiful 1.5-acre property in Shelby County-your gateway to...	5 beds \| 2 baths \| 2,997 sq.ft.	$350,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.33% Airbnb Rental Income: $1955 Traditional Rental Income: $2516 Airbnb ROI: 2.06% Traditional ROI: 5.33%
801 Hackney Ln Shelbyville, KY Welcome home to this beautifully maintained 4 bedroom, 3 bath home in the highly desirable...	4 beds \| 3 baths \| 1,941 sq.ft.	$355,000	Airbnb cash on cash: 4.66% Traditional cash on cash: 4.59% Airbnb Rental Income: $2899 Traditional Rental Income: $2203 Airbnb ROI: 4.66% Traditional ROI: 4.59%
1034 Dry Run Ct Shelbyville, KY Tucked away in a peaceful Shelbyville cul-, this beautiful 4 bedroom, 2 1/2 bath home offe...	4 beds \| 3 baths \| 3,103 sq.ft.	$389,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 4.78% Airbnb Rental Income: $2899 Traditional Rental Income: $2648 Airbnb ROI: 3.63% Traditional ROI: 4.78%
2093 Carnegie Drive Shelbyville, KY Located in the desirable Old Heritage subdivision, this 4 bedroom, 2.5 bath home (built ju...	4 beds \| 3 baths \| 2,343 sq.ft.	$349,900	Airbnb cash on cash: 4.53% Traditional cash on cash: 5.24% Airbnb Rental Income: $2899 Traditional Rental Income: $2460 Airbnb ROI: 4.53% Traditional ROI: 5.24%
1418 Cross Keys Rd Shelbyville, KY Welcome to stylish, easygoing living at 1418 Cross Keys Rd. This beautifully updated ranch...	4 beds \| 2 baths \| 1,700 sq.ft.	$275,000	Airbnb cash on cash: 6.67% Traditional cash on cash: 6.78% Airbnb Rental Income: $2899 Traditional Rental Income: $2256 Airbnb ROI: 6.67% Traditional ROI: 6.78%
575 Catalpa Ln Shelbyville, KY 575 Catalpa Lane sits on 1.48 acres just off I-64 at Exit 35 close enough to be in Shelbyv...	3 beds \| 2 baths \| 2,748 sq.ft.	$390,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 4.33% Airbnb Rental Income: $2597 Traditional Rental Income: $2289 Airbnb ROI: 3.48% Traditional ROI: 4.33%
1025 High St Shelbyville, KY Wonderful home for First Time Homebuyers! Only 2 years old, this delightful ranch offers m...	3 beds \| 2 baths \| 1,207 sq.ft.	$239,900	Airbnb cash on cash: 6.08% Traditional cash on cash: 4.84% Airbnb Rental Income: $2597 Traditional Rental Income: $1694 Airbnb ROI: 6.08% Traditional ROI: 4.84%
1125 Summit Drive Shelbyville, KY 1125 Summit Drive offers something increasingly valuable: plenty of space (over 2900 squar...	4 beds \| 3 baths \| 2,935 sq.ft.	$389,900	Airbnb cash on cash: 3.82% Traditional cash on cash: 4.59% Airbnb Rental Income: $2899 Traditional Rental Income: $2509 Airbnb ROI: 3.82% Traditional ROI: 4.59%
832 Ashland Ave Shelbyville, KY Located in the heart of Shelbyville, this charming all-brick 3-bedroom, 1.5-bath home sits...	3 beds \| 2 baths \| 1,793 sq.ft.	$299,900	Airbnb cash on cash: 4.62% Traditional cash on cash: 4.54% Airbnb Rental Income: $2597 Traditional Rental Income: $1950 Airbnb ROI: 4.62% Traditional ROI: 4.54%

Real Estate investment in Shelbyville, KY

There are 81 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $337,889 and the average price per square foot is $146. In November 2026, the average monthly cash on cash return in Shelbyville is 4.00%. The average monthly rental income in Shelbyville is $2,005.

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

There are 81 investment properties available for sale in Shelbyville.

In 2026, the best neighborhood to buy investment property is Shelbyville.

The ROI for Short-Term is higher than the Long-Term in Shelbyville with average rental income of $2,597.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, KY

44 Cherokee Dr

Shelbyville, KY

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

$375,000

Airbnb cash on cash: 3.5%

Traditional cash on cash: 4.58%

Airbnb Rental Income: $2597

Traditional Rental Income: $2358

Airbnb ROI: 3.5%

Traditional ROI: 4.58%

1617 Doral Ct

Shelbyville, KY

4 beds | 3 baths | 3,372 sq.ft.

$484,900

Airbnb cash on cash: 2.85%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $2899

Traditional Rental Income: $2516

Airbnb ROI: 2.85%

Traditional ROI: 3.49%

467 Cove Road

Shelbyville, KY

4 beds | 3 baths | 2,012 sq.ft.

$610,000

Airbnb cash on cash: 1.89%

Traditional cash on cash: 1.28%

Airbnb Rental Income: $2899

Traditional Rental Income: $1877

Airbnb ROI: 1.89%

Traditional ROI: 1.28%

2038 Hearthside Cir

Shelbyville, KY

3 beds | 2 baths | 1,903 sq.ft.

$320,000

Airbnb cash on cash: 4.4%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $2597

Traditional Rental Income: $2066

Airbnb ROI: 4.4%

Traditional ROI: 4.7%

4038 Firestone Way

Shelbyville, KY

4 beds | 3 baths | 1,600 sq.ft.

$294,900

Airbnb cash on cash: 6.07%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $2899

Traditional Rental Income: $1956

Airbnb ROI: 6.07%

Traditional ROI: 5.1%

223 Woodfield Cir

Shelbyville, KY

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

$305,000

Airbnb cash on cash: 5.58%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $2899

Traditional Rental Income: $2098

Airbnb ROI: 5.58%

Traditional ROI: 5.13%

195 Locust Grove Road

Shelbyville, KY

3 beds | 3 baths | 2,504 sq.ft.

$574,000

Airbnb cash on cash: 1.66%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $2597

Traditional Rental Income: $2453

Airbnb ROI: 1.66%

Traditional ROI: 2.55%

163 Ardmore Crossing Dr

Shelbyville, KY

4 beds | 3 baths | 2,265 sq.ft.

$379,000

Airbnb cash on cash: 4.15%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $2899

Traditional Rental Income: $2391

Airbnb ROI: 4.15%