shelbyville Homes with Apartment Basement

shelbyville Homes with Apartment Basement

Welcome to Shelbyville, Indiana – a charming city that beautifully blends small-town warmth with modern conveniences. Nestled just 30 miles southeast of Indianapolis, Shelbyville is known for its rich history, vibrant community spirit, and a variety of recreational opportunities. With its picturesque parks, scenic trails, and friendly neighborhoods, it’s no wonder that families and professionals alike are drawn to this delightful city.

One of the standout features of Shelbyville's real estate market is the availability of homes with apartment-style basements. These unique properties offer the perfect blend of functionality and flexibility, catering to a range of lifestyles. Whether you're looking for a space for extended family, a home office, or a rental opportunity, these basement apartments provide an ideal solution. Imagine having a fully-equipped living area right beneath your feet, complete with a kitchen, bathroom, and separate entrance. It’s an excellent way to maximize your living space while maintaining privacy.

Shelbyville boasts a diverse range of homes, from charming historic houses to contemporary builds, ensuring that there’s something for everyone. The community is also known for its strong school systems, local events, and a thriving downtown area filled with boutique shops and restaurants. With a welcoming atmosphere and a commitment to growth, Shelbyville is more than just a place to live; it’s a place to call home.

Explore the possibilities that await you in Shelbyville, where comfort meets convenience, and where the homes with apartment basements are just waiting for you to make them your own!

Newest shelbyville Homes with Apartment Basement

Rare investment opportunity in the Near Northside/Fall Creek Place corridor: a 1913 Craftsman fourplex with four legal units and 10 bedrooms across approximately 6,400 SF, already operating as a hybrid short-term rental and long-term primary residence with a potential cap rate approaching 9-10%. The main floor and full basement (7 bedrooms) run as an established, Superhost-rated Airbnb with a proven booking history - seller is offering a 3-6 month co-hosting transition so a buyer inherits the reviews and ranking rather than starting from zero. The upper floor is a spacious 3BD/2BA suite currently owner occupied. Original inlaid hardwood floors, tiled fireplaces, and custom millwork throughout, plus an original tile roof with a matching surplus of spare tiles included. Recent updates: full exterior repaint, all ~75 original windows and storm windows repaired, 2024 condenser replacement, HVAC service plans maintained on both systems, newer water heater/softener. Electric separately metered per unit. Off-street parking on two street frontages plus a one-car garage. Sold furnished, with the active short-term rental operation available to convey for a true turnkey opportunity. Buyer may also have the option to assume the seller's existing financing balance of 375k at 3% - a rate well below today's market - ask listing agent for details. Occupied; please do not disturb. Showings by appointment only.

37 W Fall Creek Parkway South Drive, Indianapolis

Listing courtesy of Liz Foley Real Estate, Inc..

4 Beds ⋅ 3 Baths

Welcome to 3516 Salem Street in Indianapolis-a beautifully updated home offering a fantastic combination of modern improvements, flexible living space, and an incredibly convenient location just minutes from Downtown Indianapolis. The remodeled basement, completed in 2023, adds valuable additional living space and features a custom kitchen with stainless-steel appliances, custom cabinetry, and quartz countertops, along with a bedroom. The newly installed full bathroom is sure to impress and improves function. The finished basement also offers the potential for additional rental or income-producing use, with the seller estimating approximately $1,000 per month in potential income. Connections are already in place for a separate in-unit laundry setup. Additional improvements include new flooring installed in 2024, appliances purchased in 2023 that will remain with the home, a new privacy fence installed in 2023, and a new deck built in 2025-creating an inviting outdoor space for entertaining, relaxing, or enjoying the warmer months. Location is another major highlight. Situated approximately 6 minutes from Downtown Indianapolis, you'll have convenient access to restaurants, entertainment, sporting events, shopping, employment centers, and everything the city has to offer. Families will also appreciate the proximity to The Children's Museum of Indianapolis, located approximately half a mile away. Ownership of this home may have access to free annual passes to the children's museum if you apply. With thoughtful updates, a finished basement offering flexible possibilities, newer major improvements, and a prime Indianapolis location, 3516 Salem Street is a property that offers both immediate comfort and long-term potential. Come see everything this home has to offer!

3516 Salem Street, Indianapolis

Listing courtesy of My Agent.

4 Beds ⋅ 3 Baths

*$5000 grant and/or 100% financing available - some restrictions apply - inquire for details. 4 bedrooms plus an office, basement bonus room and kitchenette all in this cute bungalow! Prepare to be surprised upon entering! Beautiful original wood trim and floors, combined with well planned updates and additions make this home the perfect retreat. Walkable to the Monon Trail and Red Line bus, plus easy access to Downtown Indy and Broad Ripple. New refrigerator, gas range, and dishwasher - 2025, new windows, french drain, dry well, and sump pump - 2021, updated finished basement with egress, and additional full kitchen+appliances and bonus room - great for extra rental income or more space for you! Only 1 block from Historic Watson Park. Large driveway/off street parking for 6, plus a 2 car garage and huge back yard. This house has so much to offer in an area ripe for appreciation.

3521 Guilford Avenue, Indianapolis

Listing courtesy of Highgarden Real Estate.

CASH-FLOWING TRIPLEX INVESTMENT OPPORTUNITY LOCATED ON CAMPUS OF ANDERSON UNIVERSITY! 3-rental unit triplex with two of the units completely remodeled! Main floor unit (unit 2) has 3 Bedrooms, 1 Bathroom, a large living room, separate dining room, kitchen, and covered front porch. The upstairs unit (unit 3) has a 2 bedrooms, 1 bathroom, living room, kitchen, & an attached 1-car garage. The basement unit (unit 1) has a spacious kitchen, living room, 2 bedrooms, 1 bathroom, an extra bonus room near the laundry with washer & dryer hook-ups. Tenants pay utilities. Great opportunity to add an established multi-family asset to your portfolio!

631 High Street, Anderson

Listing courtesy of Keller Williams Indy Metro NE.

4 Beds ⋅ 3 Baths

Be impressed from the moment you step inside this beautifully designed 2017-built home, tucked away on a quiet cul-de-sac with easy access to a nearby walking trail. Offering 4 bedrooms, 3 full baths and a 3-car garage, this spacious open-concept home combines comfortable everyday living with exceptional entertaining space. The heart of the home features granite countertops, stainless steel appliances, an apron-front sink and an oversized dining area with plenty of room for family and friends. The inviting hearth room flows into a beautiful sunroom filled with natural light-the perfect place for morning coffee, a favorite book or simply relaxing. Step outside and enjoy the large composite deck and private outdoor space. The impressive primary suite offers a tray ceiling, abundant natural light, large vanity, oversized walk-in double shower and generous walk-in closet. Large closets throughout, a convenient mudroom/laundry combination and abundant storage make this home as functional as it is beautiful. The fully finished 3-car garage features durable epoxy flooring for a polished finishing touch. The finished basement is an entertainer's dream and offers incredible flexibility! A full second kitchen, bedroom and full bath create an ideal private space for overnight guests or extended stays. There's room for everyone with separate areas for games, exercise, play and media, plus plenty of natural light and an exceptionally large storage area. Conveniently located near Eagle Creek Park, shopping, dining and everyday amenities, with Downtown Indianapolis just minutes away. Spacious, bright and versatile with room to gather, entertain, work, play and relax-this is a home designed to be enjoyed! Shedule your private tour today!

7435 Irick Court, Indianapolis

Listing courtesy of F.C. Tucker Company.

3 Beds ⋅ 3 Baths

Unique, cozy, and anything but cookie cutter. Are you looking for something truly unique and full of character? This may be for you! Large main living area, extra bonus room upstairs, and a 95% finished basement. New flooring and you have another bedroom, bathroom, laundry room, and living space for any purpose; Guests, teenagers that need space, or in-law quarters. Endless potential at your finger tips. Walking distance to Chik-fil-a, need I say more? Quick access to shopping, food, and entertainment.

171 Williams Trace, Plainfield

Listing courtesy of Key Realty Indiana.

5 Beds ⋅ 4 Baths

Presenting a distinguished single-family residence at 13834 Keams DR, Fishers, IN, USA. Constructed in 2011, this attractive property encompasses 4768 square feet of meticulously maintained living space, offering an exceptional blend of sophisticated design and functional elegance. This is an ENERGY EFFICIENT home with Programable Thermostats and newly installed SOLAR PANELS for incredible savings to home owner. The heart of this home is an open-plan kitchen, seamlessly integrated with the living room. It features a central island, providing both an inviting focal point and ample workspace for culinary pursuits and social gatherings. This residence offers five well-appointed bedrooms, providing generous private accommodations. The three full bathrooms are thoughtfully designed, with two featuring a large double vanity, enhancing daily routines with refined convenience. A half bathroom further accommodates guest needs. The Master Bedroom has a large sitting area with vaulted ceilings and two oversized walk in closets. The basement has a Wet Bar and full apartment/in-law quarters. The basement has a full kitchen, bedroom and a large walk in closet. The basement has a sump pump, backup sump pump, oversized water heater, owned water softener, air-purifier, and water filter. Complementing the interior, the property boasts a private yard, offering a serene outdoor retreat. Practical elements include a dedicated laundry room and a two car garage, ensuring convenience and efficiency for modern living. Discover the exceptional lifestyle afforded by this meticulously maintained, extraordinary residence.

13834 Keams Drive, Fishers

Listing courtesy of F.C. Tucker Company.

3 Beds ⋅ 4 Baths

Amazing Townhome with Rooftop & 3 bed, 3.5 baths in the Old Northside part of Downtown Indy, right down the street from the Bottleworks district and two blocks off the Monon. Home features top of the line Appliances, Tons of cabinet space, island with bar top seating, Accent wall in the Kitchen, Remote operated Blinds on Main Floor and Custom blinds on 1st & 3rd floor bedrooms, Reverse Osmosis System, Tankless Hot Water System, Wi-Fi Thermostat and 1/2 main floor guest bath. Bottom Floor has large shoe cubby with bench/hooks built-in to wall plus coat closet and Bedroom complete with large closet, ensuite full bath and separate entrance/terrace. Kitchen Deck with Composite Decking, 2 car garage with Mobile App. 2 large Bdrms on 2nd floor both with ensuite baths and large walk-in closets. ROOFTOP with amazing views and outdoor lighting. Washer and Dryer incl. Home is currently operating as STR which can be turned over to next owners if they want to continue to operate. All furniture is very high quality and negotiable.

711 E 16th Street, Indianapolis

Listing courtesy of Vision One Real Estate.

3 Beds ⋅ 2 Baths

Incredible opportunistic investment property in the heart of Broad Ripple. This truly is an unbeatable location close to the Monon Trail and the areas finest amenities. This property is a zoned a single family residence (originally 3 bedrooms) with unfinished basement that has gone through major modifications to make it a 4-unit rental. Unit A located in the original main house consists of 3 bedrooms and 2 bathrooms. 1 bathroom is a converted closet. There is no closet in one of the bedrooms. There is no dedicated living space, just a kitchen area and some open space. Unit B (main and attic area) is 2 bedroom and 1 bath. There is a small bedroom on the main floor and stairs to an upper attic area that contains a second bedroom. There is also a kitchen area. Unit C (back of house) is a converted porch that contains an efficiency unit. Included is a living space, small kitchen, and bathroom. Unit D (basement) has a kitchen area and a bathroom. There is no egress but the unit has an area for a sleeping quarters. Property also has a large 2-car garage for tenant storage. Please read private remarks for more information.

5917 Carrollton Avenue, Indianapolis

Listing courtesy of Estansion Group by BLP.

4 Beds ⋅ 3 Baths

Welcome to this stunning 4-bedroom, 2.5-bath home offering nearly 4,000 sq. ft. of beautifully updated living space in one of Indy's premier locations! Step inside to find fresh paint throughout and brand-new, plush carpet in all the bedrooms, making this home completely move-in ready. The main level features an updated chef's kitchen designed for both daily life and entertaining, seamlessly flowing into bright, expansive living areas. Upstairs, the oversized primary suite serves as your own private retreat, complete with generous space to relax and unwind. Need extra room? The expansive finished basement offers endless flexibility-perfect for a home theater, gym, game room, or extra living area.

8546 Walden Trace Court, Indianapolis

Listing courtesy of eXp Realty, LLC.

Originally constructed in 1898 by local businessman Herman E. Martens, the building is a beautifully restored example of Classical Revival architecture, featuring unique pentagonal design elements, limestone detailing, and large bay windows. In the early 1990's the building was completely renovated and legally converted into 19 individual parcels. Martens HPR Unit #1 thru#19. The property was extensively renovated while preserving its historic character, offering residents a blend of vintage charm and modern convenience. The units have a combination of hardwood and vinyl flooring, new gourmet kitchens with stove, frig, microwave, dishwasher, disposal and granite/butcher block counters. Units have their own independent electric heat pumps for heating/cooling, electric water heater and 100-amp electric service. Today the building is operated as a 19-unit apartment house but could easily be converted to accommodate a multitude of investment opportunities. The building has nine-1 bedroom/one bathroom, one-1 bedroom/1.5 bathroom, eight- 2 bedroom/2 bathroom and one-2 bedroom/one bathroom. The buildings brick and limestone exterior, newer windows and updated electrical and plumbing keep maintenance cost low. Over the past few years, a new Firestone rubber membrane roof and two new Velux skylights have been installed. Situated near the intersection of Senate Avenue and Indiana Avenue, The Martens provides easy access to downtown Indianapolis attractions, cultural venues, restaurants, entertainment districts, and major employment centers. The building's central location within the Indianapolis Mile Square offer's easy access to both IU and Purdue's Indianapolis campuses (2 blocks to the west), Kroger's Grocery (1 block to the north), the Capitol Building (1 block to the south) and Lucas Oil Stadium (4 blocks to the south) The Martens offers a unique residential experience for those seeking historic character, a walkable downtown lifestyle in Indianapolis.

315 N Senate Avenue, Indianapolis

Listing courtesy of Kumler Realty.

4 Beds ⋅ 4 Baths

Welcome to a truly unique opportunity just steps from the beauty and lifestyle of Morse Reservoir! Situated on a sprawling corner lot, this one-of-a-kind home offers the perfect blend of character, space and flexibility. The main level immediately wows with soaring vaulted ceilings in the living room that draw you in. An impressive kitchen features an abundance of cabinetry, generous counter space and room to gather. You'll also find a den, two additional bedrooms, a full bathroom and a convenient powder room on the main floor. Upstairs, your private primary suite awaits with a large bedroom, ensuite bathroom, walk-in closet and huge unfinished attic space providing incredible storage or future potential. The true highlight of this home is its rare street-level walkout lower level, offering a private entrance and private patio along with a fully equipped apartment-style suite. Featuring a full kitchen, bedroom, updated bath, and living room, it provides unmatched flexibility for guests, extended family, or independent living. With its unique layout, generous lot, proximity to Morse Reservoir, and thoughtful features throughout, this home offers something truly special for the right buyer. This home is being sold as is. A 1 year ACHOSA home warranty is being offered for added peace of mind. Come see the possibilities this exceptional property has to offer!

1005 Morse Landing Drive, Cicero

Listing courtesy of eXp Realty, LLC.

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