Addison Homes under $200,000

Welcome to Addison, a charming neighborhood nestled in the heart of Shelbyville, Indiana! This delightful community combines small-town charm with modern conveniences, making it an ideal place for families, first-time homebuyers, and anyone looking to enjoy a relaxed lifestyle. With its picturesque surroundings, friendly atmosphere, and a strong sense of community, Addison is truly a hidden gem in Shelby County.

One of the standout features of Addison is its affordability. Homes in this area can be found for under $200,000, offering an incredible opportunity for those looking to invest in their future without breaking the bank. Whether you’re searching for a cozy starter home or a spacious property to accommodate your growing family, Addison has a variety of options to suit your needs. Many of these homes boast charming architectural details, spacious yards, and easy access to local amenities.

Living in Addison means enjoying the best of both worlds—peaceful suburban living with the vibrant energy of Shelbyville just a stone's throw away. Residents can take advantage of nearby parks, schools, and recreational facilities, ensuring that there’s always something to do. Additionally, the community hosts various events throughout the year, fostering a strong sense of connection among neighbors.

If you’re ready to find your dream home in a welcoming community that offers great value, look no further than Addison. With its affordable housing options and inviting atmosphere, it’s the perfect place to start your next chapter. Come explore what Addison has to offer and discover the joy of living in this wonderful Indiana neighborhood!

Newest Addison Homes under $200,000

$184,900

2 Beds ⋅ 2 Baths

This beautifully remodeled home sits right in the heart of town, just moments from downtown shopping, dining, and everyday conveniences. Inside, you'll find high ceilings, a spacious living room, and a dedicated dining room that create an open, inviting feel. The updated kitchen features new cabinets, new appliances, and fresh flooring that continues throughout the home. With 2 bedrooms and 1 fully renovated bath, this home offers comfortable living plus a fencedin backyard and offstreet parking in the rear. A large basement provides exceptional storage space. Major updates include new windows, new roof, new siding, new flooring, new bathroom, and more giving you peace of mind and a truly moveinready experience. A charming, modernized home in a walkable location-perfect for anyone wanting convenience and comfort in one package.

513 S West Street, Shelbyville

Listing courtesy of Amy Limpus. The Property Shop of Indiana

$159,900

Duplex featuring 2 units. 1 bed / 1 bath per side. Rent: Unit 1 $900/month - leased through March 2027; Unit 2 $850/month - leased through September 2026. Roof (2021); All new vinyl flooring in both units (2024/2025)

24 Elliott Street, Shelbyville

Listing courtesy of Tim O'Connor. Berkshire Hathaway Home

$130,000

2 Beds ⋅ 1 Baths

Welcome to this 1925 bungalow, a 952 sq. ft. home with 2 bedrooms, 1 bathroom, and a large open living room. There are some recent updates including LVP Flooring throughout, updated vinyl windows, furnace, garage door and opener have also been replaced. Appliances stay. 1-car attached garage. The home still needs some work. Bring your vision, update it to suit your style, and make it your own. Offered as-is at $130,000.

602 W Franklin Street, Shelbyville

Listing courtesy of Jennifer Andrews. Carpenter, REALTORS®

$195,000

3 Beds ⋅ 2 Baths

Welcome home to this charming 3-bedroom, 2-bath bungalow near historic downtown Shelbyville, with local shops and dining nearby! Updates include electrical, plumbing, HVAC, water heater, roof, Amish-built vinyl windows, and foundation improvements. The inviting kitchen offers a stainless steel 5-burner gas range, dishwasher, and room for casual dining, while the separate dining room provides plenty of space for gatherings. The primary suite features a private bath with washer/dryer hookups, and two additional bedrooms share an updated Jack-and-Jill bathroom. Generous walk-in closets provide ample storage. Outside, enjoy a covered porch, fenced backyard, and storage shed. Off-street parking with alley access adds everyday convenience. Schedule your showing today!

624 W Washington Street, Shelbyville

Listing courtesy of Katie Nichols. The Stewart Home Group

$199,900

3 Beds ⋅ 1 Baths

Plenty of SPACE! This completely remodeled single-family residence offers 1464 square feet of thoughtfully updated living space, presenting a fresh start for its next residents. This inviting ranch-style home features three comfortable bedrooms, two living areas, and two bonus rooms to use as you see fit! Craft room, office, play room, music room, or additional storage! A full bathroom serves the home, designed for convenience and ease. The recently updated kitchen provides a contemporary space for culinary exploration and daily routines. The back yard is fenced in and the nice concrete patio area provides ample outdoor space for relaxation and activities. To truly appreciate the thoughtful updates and comfortable living this home offers, schedule your private showing today. Kitchen appliances on order and will be installed once received!

623 Van Avenue, Shelbyville

Listing courtesy of Adam Barlow. FULL CANOPY REAL ESTATE, LLC

$119,500

2 Beds ⋅ 1 Baths

Two bedroom plus a flex space at the edge of Shelbyville available! This home has undergone some updates a few years ago and is waiting for the next owner to come in and make their own style! This home offers appliances with a lot of countertop space. Nice tile surround on bathtub, and laminate flooring throughout the home. The good size yard can be reached through the back door off the flex space where the laundry area is located. This home is part of a possible short sale.

1036 Hendricks Avenue, Shelbyville

Listing courtesy of Sheri Jones. Hoosier, REALTORS®

$175,000

4 Beds ⋅ 3 Baths

Character, flexibility, and income potential - this 1939 home delivers all three. Set on nearly half an acre just minutes from downtown Shelbyville, the main residence greets you with a charming wrap-around front porch and a welcoming foyer that sets the tone for the generous space within. The main level offers a formal dining room, eat-in kitchen, two large rooms, and a full bath. Beyond the kitchen, a separate room with its own full bath and private side entrance creates an opportunity for a kitchenette conversion - pair it with the two large upstairs rooms and you have a self-contained upper-suite ideal for extended family or a rental tenant. Continue through the kitchen to a large utility/laundry room with cellar access and a mud room that bridges the original house to the uniqueness of this property: a finished studio apartment boasting a generous living area, full kitchen, private full bath, and its own exterior entrance. Whether you envision a rental unit, home business, creative studio, or guest quarters, this space delivers - and if garage use is ever preferred again, reinstalling doors is entirely feasible. A gravel parking pad accommodates multiple vehicles, and a rear shed handles all your storage and lawn care needs. With 4,198 square feet of workable space, 3 full baths, and multiple living configurations under one roof, this property is a rare find for investors, owner-occupants seeking rental income, or buyers who simply need room to grow. Come see the possibilities!

535 Dunn Avenue, Shelbyville

Listing courtesy of Lori Ann Meyer. Highgarden Real Estate

$199,900

3 Beds ⋅ 1 Baths

Updated 3 bedroom in the heart of Shelbyville! Fresh paint, new carpet and updated fixtures throughout make this property truly move-in ready! Great location near schools. Good yard with storage barn. Spacious living room with open floorplan provides a great space to relax. Come see today!

706 7th Street, Shelbyville

Listing courtesy of Barry Hines. Realty Wealth Advisors

$199,900

3 Beds ⋅ 2 Baths

A welcoming covered front porch, a spacious fenced backyard, and the convenience of main-level living, all for $199,900! Welcome to 1135 Meridian Street in Shelbyville, where everyday comfort meets thoughtful functionality. Step inside to a bright living room that flows into the eat-in kitchen featuring white cabinetry, dark countertops, and stainless steel appliances. With 3 bedrooms, 2 full bathrooms, a Jack-and-Jill bath connecting two bedrooms, and convenient main-level laundry, the layout offers features you'll appreciate every day. The home also includes a full unfinished basement, a gas furnace approximately one year old, central air approximately seven years old, and an installed radon mitigation system. Outside, enjoy mornings on the covered front porch, evenings on the back deck, and a fully fenced backyard with plenty of room to enjoy the outdoors. Three dedicated gravel parking spaces are accessible from the rear alley, adding everyday convenience. Located near Shelbyville parks and recreation, this home offers a wonderful opportunity for your next chapter. The sellers are also offering a concession toward eligible buyer closing costs or a 2-1 interest rate buydown with an acceptable offer. Come see what makes this home worth a closer look!

1135 Meridian Street, Shelbyville

Listing courtesy of Becca York. F.C. Tucker Company

$175,000

3 Beds ⋅ 1 Baths

Welcome home to this inviting property offering a practical layout, plenty of space, and features that make it a great option for a first-time buyer or investor. The home offers both a comfortable living room and a separate family room, providing flexibility for everyday living, entertaining, or a home office. Outside, enjoy a privacy-fenced backyard with a deck, perfect for relaxing, grilling, or gathering with friends and family. The detached two-car garage provides excellent parking, storage, and workspace potential. The home also includes a partial unfinished basement, offering additional storage and the opportunity for the new owner to finish the space to suit their needs. With its functional floor plan, private backyard, detached garage, and additional basement space, this property offers plenty of potential. Whether you're looking for an affordable place to call home or an investment property with room to add value, this property is worth a look! Schedule your showing today and see the possibilities for yourself.

218 E Mechanic Street, Shelbyville

Listing courtesy of Daniel Aguilar Romero. Keller Williams Indy Metro Partners

$178,000

3 Beds ⋅ 2 Baths

Welcome to this 3 bedroom, 2 full bath home with a park like back yard & a covered porch! This home features vinyl replacement windows, a maintenance-free exterior, laminate flooring throughout, and a brand new roof, dishwasher, range hood and refrigerator! This home received extra insulation, and bathroom and kitchen updates in years past. If you love the quaintness of an older home, you'll find features such as higher ceilings, extra closet storage above, and the "gingerbread" looking wooden door on the mudroom. This home does offer off street parking, a very large storage shed and the yard is extra large for a city lot!

324 W Locust Street, Shelbyville

Listing courtesy of Sheri Jones. Hoosier, REALTORS®

$93,000

3 Beds ⋅ 1 Baths

Three-bedroom, one-bath home featuring unfinished basement with mechanicals and additional storage space. Off street parking. A family room/bonus room provides flexible living space and, although it does not have a closet, could potentially be used as a fourth bedroom, home office, or additional living area.

910 Elm Street, Shelbyville

Listing courtesy of Kelly Wood. REMAX ONE

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.