1602 1604 King Street Shelton, WA $ 450,000
1602 1604 King Street
$ 450,000
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1602 1604 King Street

Shelton, WA, 98584
$ 450,000
Baths0.0 Sq 1,848

Monthly Estimate*

$ 2,807

Listed by COMPASS
1602 1604 King Street, Shelton, WA 98584 - Image 1
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1602 1604 King Street, Shelton, WA 98584 - Image 15
Studio

Multi-Family Home for sale in Shelton, WA

for $450,000. This 1,848 square foot home was built in 1975 on a lot size of 0.2148.

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 include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.

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Multi-Family Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,290

Style

Duplex

Lot Size

0.2148

Year Built

1975

Town/City

Shelton

County/Region

Mason

MLS | Web ID

2339344

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Fully Fenced
Year Built 1975
Property Subtype Multi Family
Tax Year 2024
County Mason
Net Operating Income 21429
Insurance Expense 2404
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Mountain View
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Olympic Hwy turn left on E D St and onto King St - property will be on the left.
City Shelton
Senior Community Y/N N
High School District Shelton
Zoning Description Multi-Family
Open Parking Spaces 4
Number Of Units Total 2
MLS Area 175 - Shelton
Lot Size Units Square Feet
Lot Size Square Feet 9356
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Rehab Loan
Tax Annual Amount 4290
Electric Expense 5007
Fuel Expense 5007
Property Condition Fair
Public Remarks 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
Leasable Area 1848
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities See Remarks
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 5007
Property Style 52 - Duplex
Cap Rate 8
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Exterior
Exterior Amenities Wood
Parking Features RV Parking
Lot Features Corner Lot Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 1848
Lot Size Acres 0.2148
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Fenced-Fully RV Parking
Parking Uncovered Spaces 4
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2339344
Street Number 1 1602
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* Excluded Features
List By
Lisa Le

Listing Agent

Compass

Broker

Affordability Calculator

$3,165
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,807
Monthly Property Taxes
$358
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257521 Elementary School
258133 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2025$450,000 Listed Price

Map


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1602 1604 King Street, Shelton, WA, 98584 is a Multi-Family Home for sale at $450,000 with 1,848 sqft and a lot size of 0.2148. 1602 1604 King Street is a studio with 0.0 baths and was built in 1975. The property's zip code is 98584 which is in Shelton, WA