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506 E Marion Street

Shelby, NC 28150

10 beds
5 baths
4,980 sqft
~1 acre lot
$160 per sqft
1951 build
– on site

Discover this beautifully renovated, turnkey investment opportunity in the heart of Shelby. This multi-unit property features five units, three of which are already leased, providing immediate income potential. Ideally located just a short drive from the vibrant downtown area, this investment gem is ready for its next owner. Completely renovated in 2022, the property boasts modern updates, including new wiring, HVAC systems, kitchens, appliances, and more. With all the hard work already done, this property is primed and ready for its new owner to start collecting rent. Don’t miss the chance to make this exceptional investment yours!

Listing courtesy of CMLS / My Home CLT

Last checked: Checking… • Last updated Jan 22, 2025 •

MLS# 4212260 —

The Building

Year Built:

1951
New Construction:

false
Construction Type:

Site Built
Subtype:

Fiveplex
Construction Materials:

Brick Full
# of Units Total:

5
Roof:

Shingle
Foundation Details:

Basement, Slab
Stories:

3
Basement:

Partial
Basement:

true
Patio And Porch Features:

Front Porch, Porch
Window Features:

Insulated Window(s)
Building Area Total:

4980
Above Grade Finished Area:

4980

Interior

Features:

Attic Stairs Pulldown
Flooring:

Vinyl
Living Area:

4980
Fireplace:

false

Location

Directions:

GPS hsa proven reliable for this address
Latitude:

35.292216
Longitude:

-81.531133

The Property

Type:

Residential Income
Lot Features:

Cleared, Corner Lot, Sloped, Wooded
Lot Size Area:

1.18
Lot Size Units:

Acres
Zoning Specification:

RO
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Gravel, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

18595
Tax Assessed Value:

377622

Beds

Bedrooms Total:

10

Baths

Full Baths:

5

The Listing

Special Listing Conditions:

Subject to Lease

Heating & Cooling

Heating:

Central, Forced Air, Natural Gas
Cooling:

Ceiling Fan(s), Central Air

Utilities

Utilities:

Cable Connected, Electricity Connected, Gas
Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
Laundry Features:

In Unit

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

None
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Conditional

Parking

Parking Features:

Parking Lot
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
1/10/25 Jan 10, 2025	Listed / Active	CMLS	$799,000
1/19/23 Jan 19, 2023	Listed / Active	CMLS
5/25/21 May 25, 2021	Listed / Active	CMLS

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Newest listings in Shelby, NC

This multifamily located in Shelby, NC 28150 is currently for sale for $799,000. 506 E Marion Street is a 4,980 square foot multifamily with 10 beds and 5 baths that has been on Estately for 26 days. This multifamily is in the attendance area of Jefferson Elementary School, Shelby Intermediate School, Shelby Middle School, and Shelby High School.

Based on information submitted to the MLS GRID as of 2/5/2025 4:53 am. All data is obtained from various sources and may not have been verified by broker or 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. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.