617 W Franklin St, Shelbyville, IN, 46176
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1876
Materials
- Foundation: Block,Brick/Mortar
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial,Traditional
- Property subType: Multi Family,Quadruplex
Interior
Appliances
- Laundry features: Common Laundry
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Property
Details
- Parcel number: 731106100207000002
- Attached to another structure: Yes
- Zoning: COMMERCIAL APTS
- Special condition: As Is,Defects/None Noted
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 8,276 sqft
- Features: Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tornado
- Earthquake
- Hail
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $185 | $2,220 |
| Property Taxes | $433 | $5,196 |
| Electricity | $184 | $2,212 |
| Total | $2,318 | $27,816 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-06 | Listed for sale | $324,900 |
| 2025-12-29 | Listing removed | $324,900 |
| 2025-08-28 | Listed for sale | $324,900 |
| 2025-08-28 | Pending sale | $324,900 |
| 2025-06-25 | Price change | $324,900 |
| 2025-05-21 | Listed for sale | $339,900 |
| 2020-05-01 | Listing removed | $500 |
| 2020-04-17 | Price change | $500 |
| 2020-04-07 | Price change | $525 |
| 2020-03-06 | Listed for rent | $550 |
| 2019-11-03 | Listing removed | $500 |
| 2019-11-02 | Price change | $500 |
| 2019-10-11 | Price change | $525 |
| 2019-09-27 | Price change | $575 |
| 2019-08-27 | Listed for rent | $600 |
| 2019-06-28 | Listing removed | $600 |
| 2019-06-23 | Price change | $600 |
| 2019-06-14 | Price change | $750 |
| 2019-06-07 | Listed for rent | $700 |
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