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617 W Franklin Street Shelbyville, IN $ 324,900
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617 W Franklin Street
$ 324,900
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617 W Franklin Street

Shelbyville, IN, 46176
$ 324,900
Baths0.0

Monthly Estimate*

$ 2,000

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Studio

Multi-Family Home for sale in Shelbyville, IN

for $324,900. This home was built in 1876 on a lot size of 0.19.

CASH COW! CALLING ALL INVESTORS! Incredible opportunity in the booming Shelbyville Community. Located in historic West Side, This 5 unit money maker is now up for sale! Why buy one investment door when you can buy 5? Several rehabs have taken place over the past few years, and several infrastructural improvements as well. Nice architectural features, sits on a corner of alley for easy parking for tenants and curb appeal. Breakdown of 5 aparrtments - - - Four 1 bedroom units and one studio. Rents are exceptional and LL pays all utilities with tenants reimbursing. Almost $50,000 of annual rent revenues. Additional 5 doors available on W Pennsylvania and can be sold as a package.

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Multi-Family Active

Price

$ 324,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,644

Style

Colonial,Traditional

Lot Size

0.19

Year Built

1876

Town/City

Shelbyville

County/Region

Shelby

MLS | Web ID

22078666
Features
General
Possession Closing PerDiemRentBack Subject to Tenant Rights
Zoning COMMERCIAL APTS
Architectural Style Colonial Traditional
Construction Materials Vinyl Siding
Year Built 1876
Township Addison
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Current Use Apt<20
County Shelby
New Construction N
Property Type Residential Income
Subdivision Name L M & M Franklin
Facing Direction North
Status Active
Directions From the Circle head West on Washington until Prospect turn right onto Prospect then left onto W Franklin
High School Shelbyville Sr High School
City Shelbyville
High School District Shelbyville Central Schools
Number Of Units Total 5
MLS Area 7308 - Shelby - Addison
Lot Size Square Feet 8400
Elementary School Thomas A Hendricks Elementary Sch
Property Attached Y/N Y
Middle/Junior High School Shelbyville Middle School
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Standard Status Active
Tax Lot 15
Legal Description L M & M Franklin Lt15 617 W Franklin St (Apts)
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Exterior
Lot Features Other
Foundation Details Block Brick/Mortar
Lot Size Acres 0.19
Waterfront Y/N N
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Interior
Basement (Y/N) Y
Laundry Features Common Laundry
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* Excluded Features
List By
Mackenzie Allen, Polston & Ass

Broker

JPOLSTON@MACKENZIEALLENREALESTATE.COM

Email

Affordability Calculator

$2,304
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,000
Monthly Property Taxes
$304
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046694 Elementary School
4046662 Middle School
Shelbyville Sr High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/6/2026 $324,900 Listed Price

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617 W Franklin Street, Shelbyville, IN, 46176 is a Multi-Family Home for sale at $324,900 with a lot size of 0.19. 617 W Franklin Street is a studio with 0.0 baths and was built in 1876. The property's zip code is 46176 which is in Shelbyville, IN

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