$5,105 Closing Credit¹
Listing Office: Midtown Properties, LLC
$740,000 List price
506 E Marion St Shelby, NC 28150
$8,788
Closing credit¹
10 beds
5 full
4,980 sqft
$149 / sqft
Multi-Family
Property details
About 506 E Marion St
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!
Highlights
Home typeMulti Family
HeatingCentral, Forced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s), Central Air
Size4,980 sqft
BasementYes
Year built1951
ParkingParking Lot
MLS #4212260
Summary
- Full Bathrooms: 5
- Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
- Basement: Yes
- Flooring Type: Vinyl
- Interior: Attic Stairs Pulldown
- Total Bedroom Count: 10
- Attached Garage: No
- Parking: Parking Lot
- Heating: Central, Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
- List Price: $740,000
- Price/SqFt: $148
- Annual Tax Amount: $4,675
- Tax Year: 2024
- Directions: GPS hsa proven reliable for this address
- Year Built: 1951
- Stories: 3
- Living Area: 4,980 SqFt
- MLS Number: 4212260
- Office Name: My Home CLT
- Office Email: matt@myhomeclt.net
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Get an agent. Get a mortgage. Save big.¹
$740,000
506 E Marion St
$8,788
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 06, 2021 | Home Sold | $130,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $377,622 | $4,675 |
| 2023 | $377,622 | $- |
| 2022 | $58,339 | $- |
| 2021 | $58,339 | $- |
| 2020 | $62,024 | $960 |
| 2018 | $62,024 | $8 |
| 2017 | $62,024 | $859 |
History based on county public records data.
Nearby schools
4
Jefferson Elementary School
Public District PK-4
1.3 mi
•1166 Wyke Rd
4
James Love Elementary School
Public District PK-4
2.7 mi
•309 James Love Road
2
Township Three Elementary School
Public District PK-5
5.2 mi
•526 Davis Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,903. The most common annual income of people living in Shelby, NC is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
48%
<35k
33%
35k-100k
13%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
19%
Single, with Kids
21%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
40%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
Pro Wrestling
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Sonic
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Oldies
Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 506 E Marion St in Shelby, NC and zip code 28150. This 4,980 square foot home was built in 1951. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $740,000.
While more than 8 listings in Shelby, NC in April 2025 were sold above asking price, there were more than 9 listings sold at asking price, and more than 32 were sold below. The number of listings in Shelby, NC increased by 5.1% between March and April 2025. While the average time on the market in April 2025 was 78 days, the median list price was $252,833.
From Rocket Homes Real Estate and based on county public records data.