506 Marion Street, Shelby NC
- 10 Bed
- 1.2 ac
For Sale $699,000
Remarks:
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. 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!
Interior Features:
Attic Stairs Pulldown
General Information:
| List Price: | $699,000 |
| Status: | For Sale |
| Bedrooms: | 10 |
| Type: | Fiveplex |
| Parking: | Parking Lot |
| MLS Number: | CAR4305577 |
| Subdivision: | None |
| Lot Description: | Cleared, Corner Lot, Sloped, Wooded |
| Year Built: | 1951 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-13-2025 | Price Decrease | $699,000-5.54% | N/A |
| 06-06-2025 | Listed | $740,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Pinnacle Classical Academy | 3 miles | KG-06 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 506 Marion Street, Shelby NC | 0 mi | $699,000 | days | |
| 112 Maple Street, Shelby NC | 0.1 mi | $170,000 | days | |
| 605 Poplar Street, Shelby NC | 0.1 mi | $217,500 | days | |
| 611 Marion Street, Shelby NC | 0.2 mi | $210,000 | days | |
| 228 Chestnut Street, Shelby NC | 0.2 mi | $220,000 | days | |
| 211 Chestnut Street, Shelby NC | 0.2 mi | $248,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28150
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By My Home CLT
506 Marion Street, Shelby NC is a ft2 on a 1.180 acres lot. This is for $699,000. This has 10 bedrooms, baths, and was built in 1951.
Based on information submitted to the MLS GRID as of 2025-06-06 09:35:07 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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