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506 E Marion Street, Shelby, NC 28150

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For Sale

$749,999

10 beds • 5 baths • 4,980 sqft

Estimated Payment

$ 3,860 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $150.60
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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!
MLS# 4212260

Courtesy Of My Home CLT

(704) 817-4546

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Vinyl
  • Heating System
    Forced Air
  • Lot Size
    1.18 Acres
  • Rooms
    Basement

Map and Directions

Directions to 506 E Marion Street, Shelby, NC 28150

Home seller CENTURY 21 Blackwell & Co. Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Blackwell & Co. Realty, Inc.

(864) 578-2120
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,860
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,860

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Shelby Intermediate School

Grades 5-6 Public School

Shelby, NC 28152 2.3 miles
220 s post rd

418 total students
14:1 Student teacher ratio

School Rating: D-

School Details

Jefferson Elementary School

Grades PK-4 Public School

Shelby, NC 28150 1.3 miles
1166 wyke rd

346 total students
15:1 Student teacher ratio

School Rating: C-

School Details

Shelby Middle School

Grades 7-8 Public School

Shelby, NC 28152 2.2 miles
1480 s dekalb st

469 total students
15:1 Student teacher ratio

School Rating: D+

School Details

Cleveland Echs

Grades 9-12 Public School

Shelby, NC 28152 2.3 miles
1800 e marion st

225 total students
22:1 Student teacher ratio

School Rating: A

School Details

Shelby High School

Grades 9-12 Public School

Shelby, NC 28152 1.3 miles
230 e dixon blvd

811 total students
15:1 Student teacher ratio

School Rating: D+

School Details
Other Nearby Schools Distance Type Grades School Rating
Marion Elementary School 0.4 miles Public PK-4
Turning Point Academy 0.8 miles Public 6-12 F
Cleveland Innovation 0.8 miles Public KG-12 C
Graham Elementary School 1.6 miles Public PK-4
James Love Elementary School 2.7 miles Public PK-4 C-
North Shelby 2.8 miles Public PK-12
Pinnacle Classical Academy 3.3 miles Public KG-12 B-
Crest High School 4.6 miles Public 9-12 C+
Crest Middle School 5.1 miles Public 6-8 C-

Marion Elementary School

Distance: 0.4 miles

Type Public

Grades: PK-4

Turning Point Academy

Distance: 0.8 miles

Type Public

Grades: 6-12

F

Cleveland Innovation

Distance: 0.8 miles

Type Public

Grades: KG-12

C

Graham Elementary School

Distance: 1.6 miles

Type Public

Grades: PK-4

James Love Elementary School

Distance: 2.7 miles

Type Public

Grades: PK-4

C-

North Shelby

Distance: 2.8 miles

Type Public

Grades: PK-12

Pinnacle Classical Academy

Distance: 3.3 miles

Type Public

Grades: KG-12

B-

Crest High School

Distance: 4.6 miles

Type Public

Grades: 9-12

C+

Crest Middle School

Distance: 5.1 miles

Type Public

Grades: 6-8

C-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Shelby, NC 28150

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Shelby, NC 28150

This community’s employment is highest in the transportation and administrative support industries. The area’s overall household expenses are below the national average.

89° July
Hottest Average Month
29° January
Coldest Average Month
11,655 Total Households in Area
1.7% Increase in population since the year 2010
23.5%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Shelby, NC 28150

Shelby, NC 28150 has a population of 28,039 people in 11,655 households with a median age of 44.2 years old.

1.7%
Increase in population
since the year 2010
Population is Trending up
11,364
Total households as of 2010
2.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.2 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 62%
Black 29%
Hispanic 5%
Other 2%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 62%, followed by Black at 29%, Hispanic at 5%, and Other at 2%.

Economics
for Shelby, NC 28150

257 /sq mi
Population Density
$46,417 /yr
Median Household Income
$177,500
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 17.29% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 7%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 7,819 61%
Rented 3,836 30%
Vacant 1,080 8%

White vs Blue Collar Jobs







White Collar 67%
Blue Collar 33%

Family & Education Facts
for Shelby, NC 28150

44.2 Median Age

Average Household Size

2.3
persons per
household

40.7%

Married Households

Community Population By Education

High School Graduate 33%
Some College 20%
Bachelors Degree 15%
Associates Degree 12%
Some High School 12%
Graduate Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 33.39% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
23.5% of households have children

Weather
for Shelby, NC 28150

The weather for this area ranges from a high of 89° F in July to a low of 29° F in January

89° July
Hottest Average Month
29° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
29°
51°
Feb
31°
55°
Mar
38°
63°
Apr
46°
72°
May
54°
80°
Jun
63°
86°
Jul
66°
89°
Aug
65°
88°
Sep
59°
82°
Oct
47°
73°
Nov
37°
63°
Dec
31°
53°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Shelby, NC 28150!
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Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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