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$279,000 Just Listed
Property Description
Welcome to downtown Shelby, where historic charm and modern updates come together in this beautifully renovated brick property. Filled with character and timeless appeal, this unique space offers endless possibilities - whether you are seeking office space, an investment opportunity, or the chance to create something entirely your own. Currently zoned General Business (GB), the city zoning also permits residential use, offering exceptional flexibility for future owners. The building is presently configured as two office suites, with one side occupied on a short-term lease, but it could easily be converted back into a single residential space. Rich in history and architectural character, the property is included on the National Register of Historic Places Continuation Sheet, further enhancing its distinctive appeal and connection to the heritage of downtown Shelby. Conveniently located approximately 0.5 miles from US-74 and just outside the Central Shelby Historic District, the property provides easy access to local dining, shopping, and the vibrant energy of downtown living. Whether you envision a professional office, boutique business, income-producing investment, live/work concept, or charming downtown residence, this versatile property presents a rare opportunity to own a piece of Shelby's history while enjoying the convenience and growth of one of the area's most desirable downtown locations.
Full Property Details
Full Property Details for 505 S Lafayette St
General
- Price: $279,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4387366
- Updated: 5/28/2026
- Added to Site: 1 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Other - See Remarks, Other - See Remarks
- Appliances: Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Half Bathrooms: 2
- Main - 1/2 Baths: 2
Parking
- Parking Features: Parking Space(s)
Location
- County: Cleveland
School Information
- Middle School: Shelby
- High School: Shelby
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full
- Main/1st Level: 1,780 Sq. Ft.
- Year Built: 1930
Lot Features
- Street/Road Desc.: Asphalt, Concrete
Financial Considerations
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 72354
- Lot Number: 1639-2248
Listed by EXP Realty LLC
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Schools
Schools serving 505 S Lafayette St
School District:Cleveland County Schools
| Name | Grades | Distance |
|---|---|---|
Elizabeth Elementary 220 South Post Road, Shelby, NC 28152 | 5-6 | 2.6 mi |
Shelby Middle 1480 South Dekalb Street, Shelby, NC 28152 | 7-8 | 1.6 mi |
Shelby High 230 East Dixon Boulevard, Shelby, NC 28152 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 S Lafayette St
Date
Details
Price
Change
Source
5/28/2026
Listed
$279,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 S Lafayette St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,423
36%
$243,539
65%
2024
$1,779
-1%
$147,667
2%
2019
$1,796
—
$144,527
—
2018
$1,794
2%
$144,527
—
2016
$1,759
39%
$144,527
32%
2015
$1,262
—
$109,812
—
2014
$1,262
-1%
$109,812
—
2013
$1,274
—
$109,812
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 S Lafayette St
505 S Lafayette Street, Shelby, NC 28150 (MLS# 4387366) is a Single Family property with 0 bedrooms, 0 full bathrooms and 2 partial bathrooms. 505 S Lafayette Street is currently listed for $279,000 and was received on May 28, 2026. Want to learn more about 505 S Lafayette Street? Do you have questions about finding other Single Family real estate for sale in Shelby? You can browse all Shelby real estate or contact a Coldwell Banker agent to request more information.
