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
3015 Mason Way Shelbyville, KY Charming Walkout Ranch with Trendy Basement Retreat! This inviting 3-bedroom, 2-bath home ...	3 beds \| 2 baths \| 1,728 sq.ft.	$320,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 4.09% Airbnb Rental Income: $1349 Traditional Rental Income: $1881 Airbnb ROI: 0.95% Traditional ROI: 4.09%
6078 Edgemont Way Shelbyville, KY Discover the perfect blend of modern updates and thoughtful design in this freshly updated...	3 beds \| 3 baths \| 1,642 sq.ft.	$319,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 4.44% Airbnb Rental Income: $1349 Traditional Rental Income: $1982 Airbnb ROI: 0.95% Traditional ROI: 4.44%
129 Alton Rd Shelbyville, KY Charming, centrally located home in the heart of Shelbyville that blends character and eve...	3 beds \| 1 baths \| 1,462 sq.ft.	$289,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 3.5% Airbnb Rental Income: $1349 Traditional Rental Income: $1554 Airbnb ROI: 1.23% Traditional ROI: 3.5%
255 Jeptha Knob Rd Shelbyville, KY You must see the one of a kind home in Shelby County. Nestled on a quiet, dead end street,...	3 beds \| 1 baths \| 1,310 sq.ft.	$245,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 5.63% Airbnb Rental Income: $1349 Traditional Rental Income: $1714 Airbnb ROI: 2.27% Traditional ROI: 5.63%
1848 Blackwell Rd Shelbyville, KY Welcome home to this beautifully maintained 3-bedroom, 2 full bath townhouse-style patio h...	3 beds \| 2 baths \| 1,300 sq.ft.	$241,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 5.03% Airbnb Rental Income: $1349 Traditional Rental Income: $1661 Airbnb ROI: 1.84% Traditional ROI: 5.03%
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: 0.31% Traditional cash on cash: 5.9% Airbnb Rental Income: $2193 Traditional Rental Income: $5621 Airbnb ROI: 0.31% Traditional ROI: 5.9%
108 Exploration Path Shelbyville, KY Hurry! Super location close to everything and within walking distance of Collins High Scho...	3 beds \| 3 baths \| 2,187 sq.ft.	$325,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 7.7% Airbnb Rental Income: $1349 Traditional Rental Income: $3013 Airbnb ROI: 0.9% Traditional ROI: 7.7%
1019 Dotland Cir Shelbyville, KY Welcome to your new home in Shelbyville! This well-maintained brick ranch features 2 bedro...	2 beds \| 2 baths \| 1,796 sq.ft.	$255,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 5.63% Airbnb Rental Income: $1178 Traditional Rental Income: $1894 Airbnb ROI: 1.05% Traditional ROI: 5.63%
1307 Main St Shelbyville, KY Welcome to this lovely and character-filled historic home in the heart of Shelbyville with...	4 beds \| 2 baths \| 2,520 sq.ft.	$388,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 4.12% Airbnb Rental Income: $2193 Traditional Rental Income: $2267 Airbnb ROI: 2.39% Traditional ROI: 4.12%
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.	$405,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 2.99% Airbnb Rental Income: $1349 Traditional Rental Income: $1931 Airbnb ROI: 0.37% Traditional ROI: 2.99%
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: -0.82% Traditional cash on cash: 0.26% Airbnb Rental Income: $1823 Traditional Rental Income: $2631 Airbnb ROI: -0.82% Traditional ROI: 0.26%
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.	$253,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 6.87% Airbnb Rental Income: $1349 Traditional Rental Income: $2132 Airbnb ROI: 1.86% Traditional ROI: 6.87%
226 Education Way Shelbyville, KY Stunning 2024-Built Home in Discovery Point, Shelbyville, KY - Better Than New Constructio...	4 beds \| 3 baths \| 2,711 sq.ft.	$460,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.96% Airbnb Rental Income: $2193 Traditional Rental Income: $2629 Airbnb ROI: 1.66% Traditional ROI: 3.96%
601 Brown Avenue Shelbyville, KY Timeless Charm Meets Modern Updates in the Heart of Shelbyville Welcome to 601 Brown Avenu...	4 beds \| 3 baths \| 2,509 sq.ft.	$498,999	Airbnb cash on cash: 1.46% Traditional cash on cash: 3.14% Airbnb Rental Income: $2193 Traditional Rental Income: $2424 Airbnb ROI: 1.46% Traditional ROI: 3.14%
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: -0.52% Traditional cash on cash: 1.05% Airbnb Rental Income: $2193 Traditional Rental Income: $3465 Airbnb ROI: -0.52% Traditional ROI: 1.05%
396 Bridlewood Ave Shelbyville, KY Welcome home to 396 Bridlewood! Nestled on a quiet dead-end street, this inviting ranch of...	3 beds \| 2 baths \| 1,720 sq.ft.	$319,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.16% Airbnb Rental Income: $1349 Traditional Rental Income: $1600 Airbnb ROI: 0.95% Traditional ROI: 3.16%
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: 2.23% Traditional cash on cash: 4.08% Airbnb Rental Income: $1178 Traditional Rental Income: $1176 Airbnb ROI: 2.23% Traditional ROI: 4.08%
1608 Doral Ct Shelbyville, KY Welcome to Brentwood! Newly renovated exterior including Garage doors (3), windows, siding...	5 beds \| 4 baths \| 4,845 sq.ft.	$660,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 4.15% Airbnb Rental Income: $1823 Traditional Rental Income: $3636 Airbnb ROI: 0.4% Traditional ROI: 4.15%
517 Aiken Road Shelbyville, KY A perfect blend of luxury and country living awaits on just under 35 ACRES with this spect...	5 beds \| 7 baths \| 8,119 sq.ft.	$1,925,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 2.21% Airbnb Rental Income: $1823 Traditional Rental Income: $6828 Airbnb ROI: -0.86% Traditional ROI: 2.21%
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: 1.62% Traditional cash on cash: 4.7% Airbnb Rental Income: $1349 Traditional Rental Income: $1762 Airbnb ROI: 1.62% Traditional ROI: 4.7%
196 Kentucky St Shelbyville, KY Check out this 1140 sf Home with 3 Bedrooms and 1 Bath. Previously rented and needs TLC. N...	3 beds \| 1 baths \| 1,140 sq.ft.	$175,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 6.01% Airbnb Rental Income: $1349 Traditional Rental Income: $1403 Airbnb ROI: 3.2% Traditional ROI: 6.01%
1510 St Andrews Dr Shelbyville, KY In one of the most desirable subdivsions in Shelby County, this home sits in the prestigio...	4 beds \| 5 baths \| 4,549 sq.ft.	$535,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 7.29% Airbnb Rental Income: $2193 Traditional Rental Income: $4682 Airbnb ROI: 1.2% Traditional ROI: 7.29%
507 Matterhorn Dr Shelbyville, KY OPEN HOUSE THIS SATURDAY, MARCH 28TH FROM 12:30PM - 2:30PM! Welcome to 507 Matterhorn Driv...	4 beds \| 2 baths \| 1,620 sq.ft.	$298,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 4.92% Airbnb Rental Income: $2193 Traditional Rental Income: $2007 Airbnb ROI: 3.61% Traditional ROI: 4.92%
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: 1.9% Traditional cash on cash: 4.23% Airbnb Rental Income: $2193 Traditional Rental Income: $2760 Airbnb ROI: 1.9% Traditional ROI: 4.23%
1220 Shepard Way Shelbyville, KY Welcome to 1220 Shepard Way. This home consists of 3 bedrooms, 1 full bathroom and a half ...	3 beds \| 2 baths \| 1,056 sq.ft.	$243,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 4.54% Airbnb Rental Income: $1349 Traditional Rental Income: $1493 Airbnb ROI: 2.11% Traditional ROI: 4.54%
721 Learning Ridge Shelbyville, KY New construction by Fischer Homes in the beautiful Discovery Point community with the Beac...	3 beds \| 2 baths \| 1,414 sq.ft.	$409,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 2.63% Airbnb Rental Income: $1349 Traditional Rental Income: $1846 Airbnb ROI: 0.26% Traditional ROI: 2.63%
9717 Eminence Pike Shelbyville, KY Home and Barn of Seven Gables. Step into a Shelby County Dream: Where History Meets Possib...	4 beds \| 3 baths \| 4,790 sq.ft.	$1,099,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 0.98% Airbnb Rental Income: $2193 Traditional Rental Income: $2481 Airbnb ROI: 0.16% Traditional ROI: 0.98%
27 Pheasant Glen Dr Shelbyville, KY NEW LISTING! Beautiful condominium home located in the coveted Pheasant Glen subdivision. ...	3 beds \| 3 baths \| 2,117 sq.ft.	$374,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 5.85% Airbnb Rental Income: $1349 Traditional Rental Income: $2757 Airbnb ROI: 0.67% Traditional ROI: 5.85%
907 Creativity Crossing Shelbyville, KY New construction by Fischer Homes in the beautiful Discovery Point community with the Calv...	3 beds \| 2 baths \| 2,075 sq.ft.	$449,900	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.28% Airbnb Rental Income: $1349 Traditional Rental Income: $2256 Airbnb ROI: 0.15% Traditional ROI: 3.28%
200 Woodfield Cir Shelbyville, KY Stop Scrolling.. You Found The one! This Home Features lots of Room and a partially finish...	4 beds \| 3 baths \| 2,000 sq.ft.	$319,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 5.5% Airbnb Rental Income: $2193 Traditional Rental Income: $2231 Airbnb ROI: 3.53% Traditional ROI: 5.5%
849 Bass Ln Shelbyville, KY Welcome to 849 Bass Lane in Shelbyville, KY. This well-cared-for 3-bedroom, 2-bath home si...	3 beds \| 2 baths \| 1,950 sq.ft.	$309,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 6.58% Airbnb Rental Income: $1349 Traditional Rental Income: $2402 Airbnb ROI: 1.53% Traditional ROI: 6.58%
2870 Cropper Rd Shelbyville, KY Set on over 22 acres, 2870 Cropper Rd offers scale, privacy, and flexibility that speaks t...	5 beds \| 5 baths \| 5,480 sq.ft.	$1,285,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.53% Airbnb Rental Income: $1823 Traditional Rental Income: $4636 Airbnb ROI: -0.24% Traditional ROI: 2.53%
116 Winners Cir Shelbyville, KY Welcome to this beautifully designed lake-view home in sought-after Triple Crown Estates, ...	4 beds \| 4 baths \| 3,849 sq.ft.	$645,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.36% Airbnb Rental Income: $2193 Traditional Rental Income: $3230 Airbnb ROI: 0.71% Traditional ROI: 3.36%
133 Sacree Rd Shelbyville, KY Here it is! This home is located just off Frankfort Road near Clayvillage between Shelbyvi...	3 beds \| 3 baths \| 2,230 sq.ft.	$275,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 5.95% Airbnb Rental Income: $1349 Traditional Rental Income: $2117 Airbnb ROI: 1.4% Traditional ROI: 5.95%
615 Ashbourne Dr Shelbyville, KY Charming two story home, in sought after Fairway Crossing neighborhood, that boasts hardwo...	4 beds \| 3 baths \| 3,006 sq.ft.	$479,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.11% Airbnb Rental Income: $2193 Traditional Rental Income: $2318 Airbnb ROI: 1.6% Traditional ROI: 3.11%
4643 Eminence Pike Shelbyville, KY Set on 5 acres just outside Shelbyville, 4643 Eminence Pike offers the kind of space and f...	5 beds \| 4 baths \| 4,661 sq.ft.	$799,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 2.47% Airbnb Rental Income: $1823 Traditional Rental Income: $3315 Airbnb ROI: -0.19% Traditional ROI: 2.47%
720 Learning Ridge Shelbyville, KY New construction by Fischer Homes in the beautiful Discovery Point community, This thought...	4 beds \| 3 baths \| 2,790 sq.ft.	$478,562	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.82% Airbnb Rental Income: $2193 Traditional Rental Income: $2635 Airbnb ROI: 1.6% Traditional ROI: 3.82%
2085 Frankfort Rd Shelbyville, KY Welcome to this stunning 4 bedroom 3 bathroom home! Currently used as an active Airbnb-inc...	4 beds \| 3 baths \| 2,452 sq.ft.	$429,900	Airbnb cash on cash: 1.98% Traditional cash on cash: 4.47% Airbnb Rental Income: $2193 Traditional Rental Income: $2640 Airbnb ROI: 1.98% Traditional ROI: 4.47%
1941 Frankfort Rd Shelbyville, KY Welcome to this beautifully remodeled 4-bedroom, 2-bath home that perfectly blends modern ...	4 beds \| 2 baths \| 1,647 sq.ft.	$389,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 3.16% Airbnb Rental Income: $2193 Traditional Rental Income: $1927 Airbnb ROI: 2.37% Traditional ROI: 3.16%

Real Estate investment in Shelbyville, KY

There are 54 properties for sale in the city of Shelbyville . The median list price in Shelbyville is $374,900 and the average price per square foot is $145. In May 2026, the average monthly cash on cash return in Shelbyville is 4.00%. The average monthly rental income in Shelbyville is $1,931.

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

There are 54 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 $1,931.

Your search for investment property begins and ends here

Investment Property for Sale in Shelbyville, KY

3015 Mason Way

Shelbyville, KY

3 beds | 2 baths | 1,728 sq.ft.

$320,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1349

Traditional Rental Income: $1881

Airbnb ROI: 0.95%

Traditional ROI: 4.09%

6078 Edgemont Way

Shelbyville, KY

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

$319,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $1349

Traditional Rental Income: $1982

Airbnb ROI: 0.95%

Traditional ROI: 4.44%

129 Alton Rd

Shelbyville, KY

3 beds | 1 baths | 1,462 sq.ft.

$289,900

Airbnb cash on cash: 1.23%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $1349

Traditional Rental Income: $1554

Airbnb ROI: 1.23%

Traditional ROI: 3.5%

255 Jeptha Knob Rd

Shelbyville, KY

3 beds | 1 baths | 1,310 sq.ft.

$245,000

Airbnb cash on cash: 2.27%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1349

Traditional Rental Income: $1714

Airbnb ROI: 2.27%

Traditional ROI: 5.63%

1848 Blackwell Rd

Shelbyville, KY

3 beds | 2 baths | 1,300 sq.ft.

$241,000

Airbnb cash on cash: 1.84%

Traditional cash on cash: 5.03%

Airbnb Rental Income: $1349

Traditional Rental Income: $1661

Airbnb ROI: 1.84%

Traditional ROI: 5.03%

308 Fishman Circle

Shelbyville, KY

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

$765,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $2193

Traditional Rental Income: $5621

Airbnb ROI: 0.31%

Traditional ROI: 5.9%

108 Exploration Path

Shelbyville, KY

3 beds | 3 baths | 2,187 sq.ft.

$325,000

Airbnb cash on cash: 0.9%

Traditional cash on cash: 7.7%

Airbnb Rental Income: $1349

Traditional Rental Income: $3013

Airbnb ROI: 0.9%

Traditional ROI: 7.7%

1019 Dotland Cir

Shelbyville, KY

2 beds | 2 baths | 1,796 sq.ft.

$255,000

Airbnb cash on cash: 1.05%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1178

Traditional Rental Income: $1894

Airbnb ROI: 1.05%