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.
Active
Price cut: $24.9K (6/8)
$299,999
617 W Franklin St, Shelbyville, IN 46176
1beds
1baths
--sqft
Multi Family, Quadruplex
Built in 1876
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Curb appealNice architectural features
- 222 days |
- 88 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Justin Polston 317-364-1106,
Mackenzie Allen, Polston & Ass
Source: MIBOR as distributed by MLS GRID,MLS#: 22078666
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Appliances
- Laundry: Common Laundry
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(Other)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,276 Square Feet
- Features: Other
Details
- Parcel number: 731106100207000002
- Zoning: COMMERCIAL APTS
- Special conditions: As Is,Defects/None Noted
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,Traditional
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block, Brick/Mortar
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1876
Community & HOA
Community
- Subdivision: L M & M Franklin
Location
- Region: Shelbyville
Financial & listing details
- Tax assessed value: $163,600
- Annual tax amount: $3,644
- Date on market: 1/6/2026
- Cumulative days on market: 447 days
Estimated market value
Not available
Estimated sales range
Not available
$857/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $299,999-7.7% |
Source:  MIBOR as distributed by MLS GRID #22078666 Report a problem | ||
| 1/6/2026 | Listed for sale | $324,900 |
Source: MIBOR as distributed by MLS GRID #22078666 Report a problem | ||
| 12/29/2025 | Listing removed | $324,900 |
Source: MIBOR as distributed by MLS GRID #22040071 Report a problem | ||
| 8/28/2025 | Listed for sale | $324,900 |
Source: MIBOR as distributed by MLS GRID #22040071 Report a problem | ||
| 8/28/2025 | Pending sale | $324,900 |
Source: MIBOR as distributed by MLS GRID #22040071 Report a problem | ||
| 6/25/2025 | Price change | $324,900-4.4% |
Source: MIBOR as distributed by MLS GRID #22040071 Report a problem | ||
| 5/21/2025 | Listed for sale | $339,900 |
Source: MIBOR as distributed by MLS GRID #22040071 Report a problem | ||
| 5/1/2020 | Listing removed | $500 |
Source: Vue Property Group Report a problem | ||
| 4/17/2020 | Price change | $500-4.8% |
Source: Vue Property Group Report a problem | ||
| 4/7/2020 | Price change | $525-4.5% |
Source: Vue Property Group Report a problem | ||
| 3/6/2020 | Listed for rent | $550+10% |
Source: Vue Property Group Report a problem | ||
| 11/3/2019 | Listing removed | $500 |
Source: Vue Property Group Report a problem | ||
| 11/2/2019 | Price change | $500-4.8% |
Source: Vue Property Group Report a problem | ||
| 10/11/2019 | Price change | $525-8.7% |
Source: Vue Property Group Report a problem | ||
| 9/27/2019 | Price change | $575-4.2% |
Source: Vue Property Group Report a problem | ||
| 8/27/2019 | Listed for rent | $600 |
Source: Vue Property Group Report a problem | ||
| 6/28/2019 | Listing removed | $600 |
Source: Vue Property Group Report a problem | ||
| 6/23/2019 | Price change | $600-20% |
Source: Vue Property Group Report a problem | ||
| 6/14/2019 | Price change | $750+7.1% |
Source: Vue Property Group Report a problem | ||
| 6/7/2019 | Listed for rent | $700 |
Source: Vue Property Group Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,644 +11.4% | $163,600 -10.2% |
| 2024 | $3,272 +15% | $182,200 +11.4% |
| 2023 | $2,846 +0.5% | $163,600 +15% |
| 2022 | $2,832 +3.5% | $142,300 +0.5% |
| 2021 | $2,736 +681.7% | $141,600 +3.5% |
| 2020 | $350 | $136,800 +681.7% |
| 2019 | $350 +0.6% | $17,500 |
| 2018 | $348 -84.7% | $17,500 +0.6% |
| 2017 | $2,268 | $17,400 -84.7% |
| 2016 | $2,268 +0.8% | $113,400 +0.8% |
| 2014 | $2,250 | $112,500 |
| 2013 | $2,250 +2% | $112,500 +2% |
| 2012 | $2,206 +1.4% | $110,300 +1.4% |
| 2011 | $2,176 | $108,800 |
| 2010 | $2,176 | $108,800 |
| 2009 | $2,176 | $108,800 |
| 2007 | -- | $108,800 +28.5% |
| 2006 | $2,074 | $84,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46176
Nearby schools
GreatSchools rating
- 4/10Thomas A Hendricks Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Shelbyville Middle SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Shelbyville Sr High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Thomas A Hendricks Elementary Sch
- Middle: Shelbyville Middle School
- High: Shelbyville Sr High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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