215 W Franklin Street, Shelbyville, IN 46176

$127,500

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Sold Price
$127,500
List Price
$159,900
MLS#
22056401
Status
SOLD
Days on Market
39
Closing Date
Sep 22, 2025

Property Description

Looking to expand your investment portfolio or start your journey in real estate? This charming two-story duplex in the heart of Shelbyville, Indiana, is a perfect fit! Whether you're a seasoned investor or an owner-occupant looking to offset your mortgage, this property checks all the boxes. The lower unit offers 3 bedrooms and 1 full bathroom, providing ample living space for families or roommates. The upper unit features 2 bedrooms and 1 bathroom, making it ideal for singles, couples, or small families. Both units come equipped with individual utility hookups, personal ac units and private entrances, giving tenants the privacy and independence they desire. Currently fully rented with reliable, paying tenants, this property generates immediate cash flow from day one. It's a low-hassle, turnkey investment with the potential for long-term appreciation. Additional Highlights: Excellent location near schools, shopping, and downtown Shelbyville Potential for owner-occupancy + income stream Don't miss out on this versatile property offering flexibility, income potential, and built-in tenants. Schedule your showing today and see why this duplex is the perfect fit for your real estate goals!

Additional Information

Expenses
550
Tenant Pays
Cable TV, Lawncare, Rent Only
Owner Pays
All Utilities, Taxes, Trash Collection
Basement
Unfinished
Foundation
Concrete Perimeter
Stories
Two
Architecture
Italianate, Victorian
Equipment
Smoke Alarm, Sump Pump
Exterior Amenities
Not Applicable
Acres
0.12
Heat
Electric, Natural Gas
Cooling
Central Air, Other
Region
Addison

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC. Selling Office: Lincoln Realty, Inc.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative