Listed by Networks Real Estate LLC
$420,000

1433 E Dearborn Ave Shelton, WA 98584

Estimated payment $2,510/month

Total Views 422
4 Beds
2 Baths
1,684 Sq Ft
$249 Price per Sq Ft

Highlights

  • Corner Lot
  • Patio
  • Carpet
  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

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.

Listing Agent

Peter Henry

Networks Real Estate LLC License #47516 Listed on: 08/15/2025

Networks Real Estate LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2420850

Northwest Multiple Listing Service (NWMLS)

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax 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
08/15/2025 08/15/25 For Sale $420,000 -- $249 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $91,930 Aegis Land Title Group
Quit Claim Deed -- Stewart Title
Quit Claim Deed -- Stewart Title Company
Trustee Deed $157,500 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,029,000 Commercial
Closed $4,029,000 Commercial
Previous Owner $190,400 New Conventional
Previous Owner $42,000 New Conventional
Previous Owner $134,865 New Conventional
Previous Owner $134,865 New Conventional
Previous Owner $42,000 Construction
Previous Owner $157,500 Adjustable Rate Mortgage/ARM
Previous Owner $128,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Similar Home in Shelton, WA

  • 1604 King St, Shelton, WA 98584

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,848 Sq Ft
    • 1604 King St
    • Shelton, WA

    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

    Lisa Le COMPASS

    Section Image

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2420850

Northwest Multiple Listing Service (NWMLS)

APN: 32020-53-04917