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1209 Shelby Street

Alexandria, IN 46001

PendingListed Jun 21, 2026 · 109 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,250 sqft
Lot
1.8 acres
Year built
1947
Type
Residential · Single Family Residence
Stories
One
Garage
3 spaces
MLS #
22108133
County
Madison
Subdivision
Phillips

About this home

INVESTOR & FLIPPER OPPORTUNITY | 12 SEPARATE LOTS | 1.75 ACRES Opportunity awaits at 1209 Shelby St in Alexandria! This 3-bedroom, 2-bath fixer-upper sits on approximately 1.75 acres consisting of 12 separate lots/tax parcels, offering an exceptional opportunity for investors, flippers, or buyers looking to build sweat equity. The home needs updates and repairs, making it a great candidate for a renovation project, flip, rental, or owner-occupied investment. The sellers recently had their own inspection completed, giving prospective buyers valuable information upfront regarding the property's condition and areas that may need attention. The 12 separate parcels provide additional potential for future expansion or development, subject to buyer due diligence and applicable zoning requirements. Enjoy a peaceful setting with mature trees and green space while remaining close to local amenities. Property highlights: 3 bedrooms 2 bathrooms Approximately 1.75 acres 12 separate lots/tax parcels Existing home with renovation potential Recent seller-completed inspection Potential flip, rental, or owner-occupant opportunity Possible future development/expansion potential Located within city limits Sold AS-IS Bring your vision and contractor and explore the possibilities this unique property has to offer! Buyer to verify zoning, permitted uses, utilities, development potential, and all other property information. Property is being sold AS-IS.

Description provided by the listing brokerage.

Interior

Appliances
Electric Water HeaterElectric OvenRefrigerator
Interior features
Built-in Features
Rooms
5
Main-level bedrooms
3
Condition
Fixer

Exterior

Construction
StoneVinyl SidingWood Siding
Foundation
Crawl Space
Style
Ranch
Parking and garage
Attached
View
Trees/Woods

Systems

Heating
GasForced Air
Cooling
Central Air
Water
Private

Lot and HOA

Lot features
AccessMature TreesWooded

Schools

Elementary school
Alexandria Monroe Elementary School
Middle school
Alexandria-Monroe Jr./Sr. High School
School district
Alexandria Community School Corp

Taxes

Estimated annual tax
$957 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$592per month, estimated
Principal and interest $479Property tax $80Insurance $33
20% · $19,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$95,000
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