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Shelton, WA Multifamily Home for Sale

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    $450,000

    • 4 Beds
    • 2 Baths
    • 1,848 Sq Ft

    1604 King St, Shelton, WA 98584

    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

    1604 King St, Shelton, WA 98584

Why Live in Shelton

Shelton, Washington, is a small town situated along Highway 101, known for its historical roots in lumber mills and oyster farming. Located 20 miles from Olympia and about 50 miles from Tacoma, Shelton offers homes with more acreage at lower prices compared to these larger cities. The town is surrounded by dense pine forests and waterways, including Oakland Bay and nearby lakes like Isabella Lake, providing ample opportunities for boating, fishing, and hiking. Olympia National Park, 25 miles away, features over 250 miles of hiking trails. Shelton's housing market is diverse, with early 20th-century Craftsman cottages near Oakland Bay, midcentury ranch-style homes in Mountain View, and a 55-plus mobile home park known as The Christmas Village. Downtown Shelton, centered on Railroad Avenue, hosts cafes, pubs, antique stores, and specialty shops, along with attractions like Shelton Cinemas and the Mason County Historical Society Museum. The town's largest event, OysterFest, draws visitors each October for oyster shucking championships, live music, and local food and drink vendors. Commuting is facilitated by Highway 101 and Mason Transit Authority buses, with Seattle-Tacoma International Airport 70 miles away for commercial flights. Shelton experiences mild weather with high precipitation in spring and winter, and while there is some risk of flooding, the city has measures in place to manage stormwater. Earthquakes are mild to moderate. Planned improvements to the downtown district include sidewalk repairs and tree replacements.

Home Trends in Shelton, WA

Housing Trends

Median Sale Price
$444,000
Median Single Family Sale Price
$444,950
Average Price Per Sq Ft
$318
Number of Homes for Sale
17
Last 12 months Home Sales
122
Months of Supply
1.70
Median List Price
$445,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
8%
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