219 W Locust Shelbyville, IN ^$ 157,000

219 W Locust

^$ 157,000

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Recently Listed

219 W Locust

Shelbyville, IN, 46176

^$ 157,000

Studio Baths0.0

Monthly Estimate*

^$ 967

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Studio

Multi-Family Home for sale in Shelbyville, IN

for $157,000. This home was built in 1940 on a lot size of 0.13.

investment special. Live in one side and rent out the other. Current owner lives in one side and rents out the other side for $635/month. Owner pays water, sewer, trash, and lawn. Seperate gas and electric meters. Two furnaces, and two water heaters. AC in the buidling is currently not working, but it is installed. Main unit has kitchen that has been recently updated. Home has PEX plumbing and recent roof, gutters and downspouts due to hail claim. Property to be sold as-is.

Multi-Family Active

Price

^$ 157,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 372

Style

Lot Size

0.13

Year Built

1940

Town/City

Shelbyville

County/Region

Shelby

MLS | Web ID

22108891

Features

General

Heating Forced Air

Cooling None

Possession Negotiable Subject to Tenant Rights

Security Features Smoke Detector(s)

Year Built 1940

Tenant Pays Electricity Gas

Township Addison

Levels One

Property Subtype Duplex

Tax Year 2025

Current Use Residential

County Shelby

New Construction N

Property Type Residential Income

Subdivision Name No Subdivision

Facing Direction North

Possible Use Residential

Status Active

Directions GPS Friendly

High School Shelbyville Sr High School

City Shelbyville

High School District Shelbyville Central Schools

Number Of Units Total 2

MLS Area 7308 - Shelby - Addison

Lot Size Square Feet 5460

Property Attached Y/N Y

Current Financing Conventional

Middle/Junior High School Shelbyville Middle School

Additional Parcels Y/N N

Standard Status Active

Tax Lot 12

Legal Description Rc Locust Esd Lt12

Interior

Basement Cellar

Basement (Y/N) Y

Laundry Features Connections Some

Exterior

Lot Size Acres 0.13

Road Surface Type Asphalt

Waterfront Y/N N

* Excluded Features

List By

Runnebohm Realty, Llc

Broker

nrunnebohm@hotmail.com

Affordability Calculator

$998

Per Month

Monthly Principal & Interest: $967
Monthly Property Taxes: $31
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Shelbyville, IN

Average List Price ^$212,300

Percent of Sale Price 35%

About Shelbyville, IN

19,449 Population

6% Since 2002

^$43,451 Median Income

37.7 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4045152 Elementary School

4046662 Middle School

Shelbyville Sr High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/18/2026	$157,000		Listed Price

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219 W Locust, Shelbyville, IN, 46176 is a Multi-Family Home for sale at $157,000 with a lot size of 0.13. 219 W Locust is a studio with 0.0 baths and was built in 1940. The property's zip code is 46176 which is in Shelbyville, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/19/2026.

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219 W Locust

Multi-Family Home for sale in Shelbyville, IN

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