$324,900

617 W Franklin Street, Shelbyville, IN 46176

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1876
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 9:18PM
Listing Office:
Mackenzie Allen, Polston & Ass : 317-364-1106
Listing Agent:
Justin Polston : 317-364-1106
MLS ID:
22078666
  • Laundry: Common Laundry
  • Style: ColonialTraditional
  • General: TwoBlockBrick/Mortar
  • Originating MLS: mibor
  • School District: Shelbyville Central Schools
  • County: Shelby
  • Zoning: COMMERCIAL APTSL M & M Franklin Lt15 617 W Franklin St (Apts)731106100207000002
  • Current Use: Apt<20
  • Source: mibor

This listing courtesy of Justin Polston , Mackenzie Allen, Polston & Ass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location