TURNKEY MONEY MAKING DUPLEX...GREAT CAP RATE. Updated 840 square foot units with 2 bedrooms and 1 bath on each side. Recent updates include FULLY updated kitchens and baths. Newer roof and windows too! 1433 is vacant and has fresh interior paint and new carpet. Each unit has one covered carport space plus easy street parking too. Wooded backyard is serene and natural...great place to relax and fire up the bbq. They don't come much easier than this one for either the savvy investor or first time buyer Great opportunity for owner occupant too! Easy commute to Olympia from this location. Get in on the passive income now with a worry free duplex.
Networks Real Estate LLCLicense #47516Listed on: 08/15/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2420850
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,661
Year Built
Built in 1975
Lot Details
9,583 Sq Ft Lot
Corner Lot
Property is in good condition
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Siding
Wood Composite
Interior Spaces
1,684 Sq Ft Home
1-Story Property
Flooring
Carpet
Vinyl
Bedrooms and Bathrooms
4 Bedrooms
2 Bathrooms
Parking
5 Parking Spaces
Open Parking
Outdoor Features
Patio
Schools
Mountain View Elementary School
Shelton Mid Middle School
Shelton High School
Utilities
Heating System Mounted To A Wall or Window
Cable TV Available
Community Details
No Home Owners Association
Mountain View Subdivision
Listing and Financial Details
Assessor Parcel Number 320205304917
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,661
Year Built
Built in 1975
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 52 - Duplex
Year Built: 1975
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 1684
EffectiveYearBuiltSource: See Remarks
Special Features: None
Interior Features
Possible Use: Residential
Total Bedrooms: 4
Fireplace: No
Flooring: Vinyl, Carpet
Stories: 1
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Composition
Lot Features: Corner Lot, Paved
View: No
Waterfront: No
Construction Type: Wood
Exterior Features: Wood, Wood Products
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Duplex
Garage/Parking
Carport Spaces: 2
Carport Y N: No
Open Parking Spaces: 3
Open Parking: Yes
Total Parking Spaces: 5
ParkingUncoveredSpaces: 3
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling: None
Cooling Y N: No
Heating: Wall Unit(s)
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: CITY OF SHELTON
WaterCompany: CITY OF SHELTON
WaterSewerGarbage: 0
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Shelton
High School: Shelton High
Middle Or Junior School: Shelton Mid
Lot Info
Parcel Number: 320205304917
Lot Size Acres: 0.22
Lot Size Sq Ft: 9583
Zoning Description: Residential
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Cable TV,Patio
MLSLotSizeSource: COUNTY RECORD
MLSSquareFootageSource: COUNTY RECORD
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 10
LeasedItems: None
TotalMonthlyIncome: 3242
Multi Family
Gross Scheduled Income: 41568
Net Operating Income: 37248
Number Of Units Total: 2
Insurance Expense: 1659
Leasable Area: 1684
EnergySource: Electric
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 5
Tax Info
Year: 2025
Tax Annual Amount: 2661
MLS Schools
Elementary School: Mountain View Elementary
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2025
$2,606
$260,595
$39,010
$221,585
2023
$2,606
$286,985
$32,840
$254,145
2022
$2,703
$216,180
$30,980
$185,200
2021
$2,642
$216,180
$30,980
$185,200
2020
$2,365
$194,845
$33,670
$161,175
2018
$2,027
$121,380
$51,000
$70,380
2017
$1,729
$121,380
$51,000
$70,380
2016
$1,700
$111,955
$51,000
$60,955
2015
$1,668
$111,955
$51,000
$60,955
2014
--
$108,325
$48,000
$60,325
2013
--
$114,750
$45,000
$69,750
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
08/15/202508/15/25
For Sale
$420,000
--
$249 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Presenting a fully occupied 1,848 SF DUPLEX on a generous 14,810 SF lot, currently operating as transitional housing with strong potential for future conversion into market-rate rentals. This property generates an impressive $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities
This home is located at 1433 E Dearborn Ave, Shelton, WA 98584 and is currently priced at $420,000, approximately $249 per square foot. This property was built in 1975. 1433 E Dearborn Ave is a home located in Mason County with nearby schools including Southside Elementary School.
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