Investment opportunity in one of Shelbyville’s most established residential areas, just minutes from the historic downtown square. Located on Belmont Ave—one of the city’s oldest corridors known for its historic homes and architectural character—this 5-unit brick apartment building offers strong rental appeal driven by location and walkability. LISTING AGREEMENT STILL IN PLACE. DO NOT CALL THE SELLER. Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month). Two units are currently vacant, providing immediate value-add potentia
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is grouped with the current listings without a reported bedroom count in Shelbyville. Its asking price falls near the 62nd percentile of that active group. The comparison uses 139 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 135 days, while the current cohort averages 76 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $242,000, and the median is $188 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 220 Walnut St | Jul 28, 2026 | 3 bd · 1,375 sqft | $314,000 | 0.1 mi |
| 531 E Depot St | Jun 12, 2026 | 3 bd · 1,440 sqft | $117,000 | 0.3 mi |
| 204 Hobson Ave | Aug 14, 2026 | 3 bd · 1,329 sqft | $207,500 | 0.3 mi |
| 305 Carney St | Aug 24, 2026 | 4 bd · 1,420 sqft | $249,000 | 0.3 mi |
| 308 Carney St | Aug 17, 2026 | 3 bd · 1,296 sqft | $260,000 | 0.3 mi |
| 141 Dogwood Ct | May 29, 2026 | 2 bd · 1,150 sqft | $235,000 | 0.5 mi |
| 619 E Lane St | Sep 1, 2026 | 2 bd · 1,146 sqft | $299,900 | 0.5 mi |
| 116 Maple St | Sep 1, 2026 | 3 bd · 1,100 sqft | $100,000 | 0.6 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Location reference points
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Shelbyville homes for sale · See the Shelbyville market report