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$650,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 10 Beds
  • 5 Full Baths
  • 4,980 Sq. Ft.
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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!

Full Property Details for 506 E Marion St

General

  • Price: $650,000
  • Status: Pending
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4305577
  • Updated: 12/30/2025
  • Added to Site: 114 day(s) ago

Interior

  • Interior Features: Attic Stairs Pulldown
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: In Unit

Parking

  • Parking Features: Parking Lot

Location

  • County: Cleveland
  • Driving Directions: GPS hsa proven reliable for this address

Community

  • Pets Allowed: Yes
  • Pets: Conditional

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Central, Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: City
  • Utility Description: Cable Connected, Electricity Connected, Natural Gas

Structural Information

  • Construction: Site Built
  • Exterior Const.: Brick Full
  • Basement: Yes
  • Basement Desc.: Partial
  • Roof: Architectural Shingle
  • Square Feet: 4,980
  • Year Built: 1951

Lot Features

  • Street/Road Desc.: Gravel, Paved
  • Lot Features: Cleared, Corner Lot, Sloped, Wooded

Financial Considerations

  • Terms: Cash, Conventional, Exchange, Nonconforming Loan
  • Tenant Pays: All except water

Disclosures and Reports

  • Special Conditions: Subject to Lease
  • Property ID: 18595
  • Lot Number: 1840-994

Listed by My Home CLT

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Listing agents

— 506 E Marion St —

  • My Home CLT

  • My Home CLT

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 E Marion St

School District:Cleveland County Schools
NameGradesDistance
Jefferson Elementary, Shelby, NC
1166 Wyke Road, Shelby, NC 28150
PK-41.2 mi
Elizabeth Elementary
220 South Post Road, Shelby, NC 28152
5-62.2 mi
Shelby Middle
1480 South Dekalb Street, Shelby, NC 28152
7-82.2 mi
Shelby High
230 East Dixon Boulevard, Shelby, NC 28152
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 E Marion St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/14/2025
Price Reduced
$650,000
-7.01%
MLS
9/24/2025
Listed
$699,000
437.69%
MLS
5/05/2021
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
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 for 506 E Marion St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,990
466%
$501,550
709%
2019
$881
10912%
$62,024
—
2018
$8
-99%
$62,024
—
2017
$859
1%
$62,024
—
2016
$848
-28%
$62,024
-34%
2015
$1,180
—
$94,658
—
2014
$1,180
7%
$94,658
—
2013
$1,098
—
$94,658
—
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 for 506 E Marion St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by My Home CLT

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Price Reduced near 506 E Marion St

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Recent Sales near 506 E Marion St

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1335 E Marion St, Shelby, NC 28150 - Photo 1 Sold
$599,000

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506 E Marion Street, Shelby, NC 28150 (MLS# 4305577) is a Single Family property with 10 bedrooms and 5 full bathrooms. 506 E Marion Street is currently listed for $650,000 and was received on September 24, 2025. Want to learn more about 506 E Marion 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.

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