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    Shelby, NC
    Multifamily

    Shelby, NC Multifamily Properties for Sale

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    Found 6 multifamily properties for sale in Shelby, NC, averaging $182/sq ft. Use valuation data to compare deals faster.
    Renovated Duplex Portfolio
    Updated: Aug 6
    Renovated Duplex Portfolio

    611 Borders Road, Shelby, NC 28150

    $950,000
    5,220 sqft
    Three brick duplex buildings with six total units
    Each unit has 2 bedrooms, 1 full bath, storage, and over 850 sqft of living area
    Renovated and updated units with plumbing work completed
    Newer roofs installed in 10/2020
    Property spans over 2.25 acres next to the lake
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    This listing looks promising.

    Here's a quick look at some key insights for

    611 Borders Road, Shelby, NC 28150

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    • Est. Cap Rate

      5%
      NOI ÷ price

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $677K
      Suggested

    • Property Type

      Duplex
      Built 1978
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    Renovated Six-Unit Apartment Property
    Updated: Aug 6
    Renovated Six-Unit Apartment Property

    611 Borders Road, Shelby, NC 28150

    $950,000
    2.29 AC lot
    Six total units arranged in three duplex buildings
    Each unit includes 2 bedrooms, 1 full bath, and more than 850 sqft
    2.29‑acre property next to the lake
    Renovations and plumbing work completed; newer roofs installed 10/2020
    Full‑brick construction with storage for every unit
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    Duplex Property With Two Homes
    Duplex Property With Two Homes

    725 & 727 Ed Hamrick Road, Shelby, NC 28150

    $449,800
    1.22 AC lot

    Two separate residences occupy individually surveyed lots with covered porches and carport parking.

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    Three-Unit Mobile Home Park
    Three-Unit Mobile Home Park

    2125 Riverside Road, Shelby, NC 28152

    $290,000
    3.27 AC lot

    Three singlewide homes occupy a 3.27-acre residential income property with individual septic systems and existing rentals.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    116 & 118 Webb Road, Shelby, NC 28152

    $350,000
    2.40 AC lot

    Occupied rental portfolio combining site-built and manufactured residences with on-site water and septic systems.

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    Commercial Lot on Dixon Boulevard
    Commercial Lot on Dixon Boulevard

    1609 E Dixon Boulevard, Shelby, NC 28150

    $160,000

    Commercial lot suitable for retail, offices, or multi-family use.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 Active listings in Shelby, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mobile Home and RV Park
    Mobile Home and RV Park

    114 Jason Drive, Blacksburg, SC 29702

    $375,000
    1.68 AC lot

    Four homes, an RV hookup or tiny house pad, and two storage buildings occupy the established residential property.

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    COMMERCIAL - Kings Mountain, NC
    COMMERCIAL - Kings Mountain, NC

    605 N Piedmont Ave, Kings Mountain, NC 28086

    $1,695,000
    1.53 AC lot

    For-sale AU-zoned commercial and multi-unit residential portfolio offered together, with tenant-occupied homes and additional workshop space.

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    Mixed-Use Property With Multiple Buildings
    Mixed-Use Property With Multiple Buildings

    605 N Piedmont Avenue, Kings Mountain, NC 28086

    $1,695,000
    1.53 AC lot

    Assemblage combines commercial, residential, and workshop improvements with public sewer and access to major regional routes.

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    Land
    Land

    277 Fitch Rd, Blacksburg, SC 29702

    Contact for pricing

    Residential land & home lots

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Level Lot in Established Area
    Level Lot in Established Area

    500 Holly Street, Gaffney, SC 29340

    Contact for pricing

    Level lot suitable for custom or mobile home construction.

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    Residential Lot in Gaffney, SC
    Residential Lot in Gaffney, SC

    500 Holly Street, Gaffney, SC 29340

    Contact for pricing
    0.40 AC lot

    Level lot suitable for custom or mobile home.

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    Bostic Land with Mountain Views
    Bostic Land with Mountain Views

    158 Dusty Hollow, Bostic, NC 28018

    $70,000
    3.28 AC lot

    3.28 acres with camper, shed, and essential utilities.

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    Unrestricted Acreage with Highway Frontage
    Unrestricted Acreage with Highway Frontage

    Lot 2 Doggett Grove Road, Forest City, NC 28043

    $45,000
    1.93 AC lot

    1.93 acres with city water and highway frontage.

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    Off-Market Properties in Shelby, NC

    Consider similar Off-Market properties in Shelby, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3000 Drake Cir
    Multifamily properties

    3000 Drake Cir, Shelby, NC 28152

    Value Estimation by Request
    View details
    1657 Lafayette St
    Multifamily properties

    1657 Lafayette St, Shelby, NC 28150

    Value Estimation by Request
    10.00 AC lot
    View details

    Shelby, NC Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Shelby, NC, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 5,220 square feet of properties for sale, with an estimated market value of $3,149,800.

    Sale prices for multifamily properties in Shelby, NC start at $160,000, averaging $524,966, and reaching up to $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Apartment buildings 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 54K
    Population Growth (5Y) +1.3%
    Median Household Income $54,533
    College Educated 44.5%

    High-Yield Neighborhoods for Investment

    Identify Shelby submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    28152 $308.3K
    28150 $320K

    Taxes & Financing

    Tax Rate (average for all types) 1.21%
    Property Tax per SF $23.81 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cleveland County

    New Delisted

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    Most Searched ZIP Codes in Shelby, NC

    • 28150
    • 28152

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