Shelby Homes under $500,000

Welcome to Shelby, Montana – a charming city nestled in the heart of Toole County, where the spirit of the American West meets modern living. Known for its rich history and vibrant community, Shelby serves as a gateway to the stunning landscapes of Glacier National Park and the breathtaking Rocky Mountains. With its friendly atmosphere and small-town charm, Shelby offers an ideal setting for families, retirees, and everyone in between.

One of the most appealing aspects of Shelby is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, Shelby has a variety of options that cater to different lifestyles. From cozy bungalows to spacious family homes, you can find properties that fit both your budget and your needs. Many homes in this price range are situated in quiet neighborhoods, providing a peaceful retreat while still being close to local amenities, schools, and parks.

Outdoor enthusiasts will appreciate the abundance of recreational opportunities available, including hiking, fishing, and hunting, all just a stone's throw away. The city also boasts a thriving arts scene, with local galleries and events that celebrate the culture and heritage of the region.

In Shelby, you’ll discover not just a place to live, but a community to call home. With affordable housing options and an inviting atmosphere, it’s no wonder that many are choosing to make Shelby their next destination. Come explore all that this delightful city has to offer!

Newest Shelby Homes under $500,000

$295,000

4 Beds ⋅ 3 Baths ⋅ 30078614 MLS

One of a kind property featuring 2 houses and a large garage/shop. 10,625 sqft lot with a 1992 double wide manufactured home on 4 concrete runners/tied down. A 1930 one bedroom rental house and 912 sqft insulated and heated garage. The manufactured home has gas fireplace, infrared sauna, updated furnace, metal roof, hot water on demand, solid oak interior doors, some updated flooring and blinds. There is living room, large kitchen with oak cabinets and breakfast nook. Separate dining or sitting area. 2 bedroom and full bath, laundry room with door to exterior and primary bedroom with 2 closets, a primary bath with walk in shower, 2 sinks and infrared sauna. Rental house has a metal roof, new hot water tank & brand new stainless steel fridge. There is a kitchen, living room, one bedroom, full bathroom, office area, laundry in the back porch. There is separate off street parking in front of rental and parking off the alley for the manufactured home. There is a long drive way to access the garage. Garage is metal siding and roof, heated, insulated and has attic storage. Huge patio area between all three structures with a hot tub. Sprinkler System. This property has so much potential and ready to be your new home or investment property.

812 7th Street S, Shelby

$124,000

2 Beds ⋅ 1 Baths ⋅ 30078982 MLS

Starter Home or Rental Property, you'll find the maintenance and updates have been done for you. Situated on a nice lot, This 2 bedroom, 1 bath home is move in ready. Kitchen with workspace and newer appliances (refrigerator, dishwasher and microwave are 3 years old). Hard surface flooring was updated 3 years ago along with 3 ceiling fan lights. The interior plumbing was updated 5 years ago. The basement houses the laundry with 2 yr old washer & dryer and the furnace and hot water heater. The exterior of the home has maintenance free siding and a metal roof was installed 6 years ago. A partially fenced yard adds privacy to the home. This home has been a well maintained and with a good rental history, renting for about $1000 per month.

209 Montana Avenue, Shelby

$234,500

30078987 MLS

Check out this 3-plex located near downtown and the post office. This 3-level structure is currently fully occupied. Tenants are on a month-to-month basis. Rents include all utilities to the property. The exterior has a stucco finish (needs painting) and the interior has some stucco as well as some sheetrock. The basement apartment houses the mechanical room. There is ample off-street parking. The yard is partially fenced. Each unit has a 3/4 bath and no bathtub. Each unit includes a stove and refrigerator in the rental price. This property needs some TLC but has a good occupancy factor. Tenants need 24-hour notice to view. You can either live in one of the units or keep them all as rentals. This is a good property to add to any investment portfolio. Check it out!

234 1st Street SE, Shelby

$225,000

4 Beds ⋅ 2 Baths ⋅ 30078404 MLS

Charming home with a large lot, multiple updates throughout & a view. Updated roof, siding, windows, kitchen, bathrooms, fence & retaining walls sitting on a 10,200 sqft lot. Lots of parking and drive through driveway. Chain link fenced area directly around the house. Wooden privacy fence around the property boundary on street side. Living room has 2 large windows and a view. 2 bedrooms on the main and an updated full bathroom. Updated eat in kitchen with stainless steel appliances and pantry storage. Large back porch with laundry hookups. Basement has 2 non-conforming bedrooms, updated 3/4 bath, living area. Garage with metal siding and gravel floor. New shed.

151 10th Avenue N, Shelby

$325,000

4 Beds ⋅ 3 Baths ⋅ 30078411 MLS

Experience comfort, space, and privacy in this beautifully maintained home, thoughtfully designed for both everyday living and memorable entertaining. Exceptional curb appeal sets the tone, and the warm, inviting presence continues throughout the interior. Inside, common areas create flexible spaces for gathering, relaxing, or hosting. The beautiful kitchen anchors the main level, offering an ideal blend of style and functionality. All-new flooring on the main level enhances the home’s fresh, updated feel. With 4 bedrooms and 3 bathrooms, the home provides generous accommodations. The outdoor area truly elevates this property, offering a big, secluded backyard that serves as a private retreat framed by beautiful landscaping and a full perimeter fence. Designed for effortless enjoyment, the grounds include underground sprinklers, a deck, patio, and a storage shed. A 2-car garage and full driveway add convenience and additional storage options. A rare combination of space, privacy, and thoughtful amenities—this property delivers a refined living experience inside and out.

548 7th Avenue S, Shelby

$128,000

3 Beds ⋅ 2 Baths ⋅ 30078549 MLS

Bring your vision and a little TLC to this 3-bedroom, 2-bath home in Shelby! With a solid foundation to build on, this property offers an opportunity to restore it and make it a great home again. The functional layout provides plenty of room for comfortable living, while the three bedrooms offer flexibility for family, a home office, or hobbies. Whether you’re looking for a project to make your own or an investment opportunity, this home is ready for someone with a vision to bring it back to life. Located in Shelby with convenient access to local amenities, schools, shopping, and more.

1111 3rd Street N, Shelby

$145,000

2 Beds ⋅ 1 Baths ⋅ 30078249 MLS

This charming 1928 home offers classic character, comfortable living spaces, and several recent exterior improvements. Located on a corner lot near downtown, this 2-bedroom, 1-bath home provides an opportunity for owner-occupancy, first-time homeowner or investor. The main level provides a welcoming living room, adjoining dining area, large retro-style kitchen with eating area, 2 bedrooms, a 3/4 bath, and main-floor laundry. You will enjoy the fireplace, central air and forced-air gas heat. The exterior has been refreshed with new paint on the eaves, windows and trim, wrap-around deck, and detached garage and door. The spacious wrap-around front deck provides a great spot to enjoy the yard and corner-lot setting. There are existing raised garden boxes offering an opportunity to add your own touches to the landscaping. The spacious, unfinished basement provides additional storage and houses the furnace and newer water heater. There is existing plumbing for a second bathroom in the basement. The detached garage offers convenient off-street parking and additional storage. The Seller has arranged for a new roof to be installed, with work anticipated in early October, at the Seller's cost, providing an important improvement for the next owner. With this combination of vintage charm, recent exterior improvements, central air, corner lot location, and potential for additional personalization, this home is a great opportunity in Shelby. Whether you are looking for a comfortable home or an investment property, 205 6th Ave S is worth a look! It's move-in ready.

205 6th Avenue S, Shelby

$205,000

5 Beds ⋅ 2 Baths ⋅ 30077121 MLS

Spacious 5-bedroom, 2-bath home located at 740 Hill Ave in Shelby, MT! This property offers plenty of room for family, guests, hobbies, or a home office. Situated on 1½ lots, the spacious yard provides extra outdoor space and includes two storage sheds for tools, equipment, and additional storage. Don't miss this opportunity to make this Shelby home your own!

740 Hill Avenue, Shelby

$298,000

4 Beds ⋅ 2 Baths ⋅ 30075545 MLS

Check out this great Hill Ave home and area. This home has 3 bedrooms on the main floor with an additional non-conforming bedroom in the basement. There is an open floor plan with higher ceilings. The living room has a fireplace (buyer to check before using) as well as one downstairs (buyer to check before using). This home has engineered flooring, an equipped kitchen, entry, gas forced heating, and many more amenities. The basement is partially finished so you can finish it with your own ideas and make it your own. The detached 2-stall garage has a concrete floor but is unfinished. There is a nicely landscaped yard, patio, and utility shed. Sellers are replacing the roof on the house and garage as well as doing some touch-up exterior painting. Located within walking distance to schools, this home is a must see. Call to schedule an appointment.

864 Hill Avenue, Shelby

$185,000

4 Beds ⋅ 1 Baths ⋅ 30075524 MLS

This is a brick home with a view overlooking the town. There are 3 bedrooms and a full bath on the main floor with a living room and eat-in-kitchen. The basement has the laundry area, furnace area and a non-conforming bedroom. The remainder of the basement is a drive-in garage which will hold two vehicles and have room for a small work area. This home has great bones but needs some TLC. There are a nice privacy hedge and spacious backyard. It's within walking distance to the pool and park. This home will not meet VA or FHA financing as it needs a new roof and other maintenance. Price reflects the need for maintenance/repairs. If you are an investor, or a bit of a handy man, you can build some sweat equity into this lovely home. Don't miss this opportunity! Call to schedule an appointment.

123 10th Avenue N, Shelby

$500,000

5 Beds ⋅ 3 Baths ⋅ 30074662 MLS

Beautifully designed and impeccably maintained; with a brand new roof in August 2026. This 3,860 sq. ft. home is located in one of Shelby's highly sought-after neighborhoods. Built in 2004, this spacious home offers an open-concept floor plan with soaring vaulted wood ceilings, elegant tray ceilings, and quality finishes throughout. Step inside to a welcoming living room featuring hardwood floors, stunning vaulted wood ceilings, and a cozy gas fireplace. The thoughtfully designed kitchen offers abundant cabinetry, built-in storage, and direct access to the expansive back deck—perfect for entertaining. The dining room features a tray ceiling, adding a touch of elegance. The main level includes three generously sized bedrooms, each with tray ceilings. The primary suite is a true retreat, complete with a walk-in closet, luxurious en-suite bath featuring dual vanities, a jetted soaking tub, tiled walk-in shower, and private access to the back deck. A second bathroom and a convenient main-level laundry room with exterior access are located just off the attached garage. The lower level provides exceptional additional living space with a large family room, two bedrooms with egress windows, a full bathroom, a spacious storage room, and a separate utility room. Outside, you'll enjoy beautifully landscaped grounds, a wraparound deck extending from the back to the side of the home, an attached garage, and additional off-street parking. Beyond the property, you'll love everything Shelby and Montana's Hi-Line have to offer. Shelby is just a scenic drive from Glacier National Park, the majestic Sweet Grass Hills, and the Canadian border, making weekend adventures effortless. Spend your summers boating and fishing on multiple lakes, cast a line on the Marias River, exploring hiking trails, hunting, golfing, or simply enjoying Montana's breathtaking wide-open landscapes.

930 Spirit Drive, Shelby

$239,000

3 Beds ⋅ 2 Baths ⋅ 30074240 MLS

Prepare for a delightful discovery at 530 Main ST, Shelby, Montana! This charming 1927 single-family residence, spanning 1142 square feet, is in such inviting condition, it practically winks at you to come on in. With three cozy bedrooms, there's plenty of space for everyone to spread out, dream big, and maybe even build a fort or two. And when it's time to freshen up, you'll find two bathrooms ready for action. One of these boasts a double vanity, making morning routines a breeze and perhaps even sparking a friendly competition for mirror space! Beyond the walls, a generous 7057 square foot lot offers ample room for outdoor shenanigans, gardening adventures, or simply soaking up the Montana sunshine. Plus, a two-car garage means your trusty vehicles (or even your collection of vintage roller skates) will have a happy home. Ready to write your next chapter in this playful abode? Come see how much fun life can be at 530 Main ST!

530 Main Street, Shelby

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board logo IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.