$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 1 month 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:
February 17, 2026 at 5:20AM
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 $

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Location

Schools Nearby

T

Thomas a Hendricks Elementary School

1111 Saint Joseph St, Shelbyville, IN, 46176

Grades KG-5

0.90 miles away

S

Shelbyville Middle School

1200 W McKay Rd, Shelbyville, IN, 46176

Grades 6-8

1.23 miles away

S

Shelbyville Sr High School

2003 S Miller St, Shelbyville, IN, 46176

Grades 9-12

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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