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!
Closed
$600,000
506 E Marion St, Shelby, NC 28150
6beds
4,980sqft
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$120/sqft
$1,437 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,437/mo
Zestimate® history
Owner options
List your home for rent
$1,437/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,437/mo
Rent Zestimate®
Refinance and save
$3,564/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,564/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Matt Kalnen matt@myhomeclt.net,
My Home CLT,
Heidi Thorne,
My Home CLT
Bought with:
Becca Schweppe
Keller Williams Unified
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4305577
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 5
Heating
- Central, Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
- Laundry: In Unit
Features
- Flooring: Vinyl
- Windows: Insulated Windows
- Basement: Partial
- Attic: Pull Down Stairs
Interior area
- Total structure area: 4,980
- Total interior livable area: 4,980 sqft
- Finished area above ground: 4,980
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 3
- Patio & porch: Front Porch, Porch
Lot
- Size: 1.18 Acres
- Features: Cleared, Corner Lot, Sloped, Wooded
Details
- Parcel number: 18595
- Zoning: RO
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Full
- Foundation: Slab
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Shelby
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $377,622
- Annual tax amount: $4,990
- Date on market: 9/24/2025
- Cumulative days on market: 97 days
- Listing terms: Cash,Conventional,Exchange,Nonconforming Loan
- Tenant pays: All Except Water
- Electric utility on property: Yes
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 3/13/2026 | Listed for rent | $1,300+4% |
Source: Zillow Rentals Report a problem | ||
| 3/11/2026 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 3/4/2026 | Sold | $600,000-7.7%$120/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4305577 Report a problem | ||
| 2/5/2026 | Listed for rent | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 12/30/2025 | Pending sale | $650,000$131/sqft |
Source: Canopy MLS as distributed by MLS GRID #4305577 Report a problem | ||
| 12/8/2025 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Price change | $650,000-7%$131/sqft |
Source: Canopy MLS as distributed by MLS GRID #4305577 Report a problem | ||
| 11/7/2025 | Listed for rent | $1,250-3.8% |
Source: Zillow Rentals Report a problem | ||
| 9/24/2025 | Listed for sale | $699,000-5.5%$140/sqft |
Source: Canopy MLS as distributed by MLS GRID #4305577 Report a problem | ||
| 6/6/2025 | Listing removed | $740,000$149/sqft |
Source: Canopy MLS as distributed by MLS GRID #4212260 Report a problem | ||
| 5/13/2025 | Price change | $740,000-1.3%$149/sqft |
Source: Canopy MLS as distributed by MLS GRID #4212260 Report a problem | ||
| 3/6/2025 | Price change | $749,999-3.7%$151/sqft |
Source: Canopy MLS as distributed by MLS GRID #4212260 Report a problem | ||
| 2/25/2025 | Price change | $779,000-2.5%$156/sqft |
Source: Canopy MLS as distributed by MLS GRID #4212260 Report a problem | ||
| 1/10/2025 | Listed for sale | $799,000-8.1%$160/sqft |
Source: Canopy MLS as distributed by MLS GRID #4212260 Report a problem | ||
| 3/13/2023 | Listing removed | -- |
Source: Canopy MLS as distributed by MLS GRID #CAR3936330 Report a problem | ||
| 1/19/2023 | Listed for sale | $869,000+568.5%$174/sqft |
Source: Canopy MLS as distributed by MLS GRID #3936330 Report a problem | ||
| 11/16/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/6/2022 | Price change | $1,300-18.8% |
Source: Zillow Rental Network Premium #3895901 Report a problem | ||
| 8/18/2022 | Listed for rent | $1,600 |
Source: Zillow Rental Network Premium #3895901 Report a problem | ||
| 5/6/2021 | Sold | $130,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,990 +7.3% | $501,550 +32.8% |
| 2024 | $4,652 | $377,622 |
| 2023 | $4,652 +464.7% | $377,622 +547.3% |
| 2022 | $824 -13.8% | $58,339 |
| 2021 | $956 +0% | $58,339 -5.9% |
| 2020 | $955 +3.5% | $62,024 |
| 2019 | $923 +6% | $62,024 |
| 2018 | $870 +3.2% | $62,024 |
| 2017 | $844 | $62,024 |
| 2016 | $844 | $62,024 -34.5% |
| 2015 | $844 | $94,658 |
| 2014 | $844 | $94,658 |
| 2013 | -- | $94,658 |
| 2012 | -- | $94,658 |
| 2011 | -- | $94,658 |
| 2010 | -- | $94,658 |
| 2008 | -- | $94,658 +27.3% |
| 2007 | -- | $74,350 |
| 2006 | -- | $74,350 |
| 2005 | -- | $74,350 |
Find assessor info on the county website
Neighborhood: 28150
Nearby homes
- $--2 bd1 ba900 sqft506 E Marion St APT 5, Shelby, NC 28150Off Market
- $--2 bd1 ba900 sqft506 E Marion St APT 3, Shelby, NC 28150Off Market
- $--2 bd1 ba900 sqft506 E Marion St #10856233, Shelby, NC 28150Off Market
- $--2 bd1 ba900 sqft506 E Marion St #5, Shelby, NC 28150Off Market
- $114,3002 bd1 ba900 sqft506 E Marion St #4, Shelby, NC 28150Off Market
- $158,800-- bd-- ba1.3k sqft203 Osborne St, Shelby, NC 28150Off Market
- $7,5603 bd1 ba1.4k sqft201 Osborne St, Shelby, NC 28150Off Market
- $83,923-- bd-- ba960 sqft205 Osborne St, Shelby, NC 28150Off Market
Nearby schools
GreatSchools rating
- 7/10Jefferson ElementaryGrades: PK-5Distance: 1.2 mi
- 4/10Shelby MiddleGrades: 6-8Distance: 2.2 mi
- 3/10Shelby HighGrades: 9-12Distance: 1.3 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- North Carolina
- Cleveland County
- Shelby
- 28150
- 506 E Marion St
Nearby cities
Nearby zip codes
Other Shelby Topics
