Back to search
321 S Third Street Shelton, WA $ 550,000
Share Save
$ 550,000 Get more info
321 S Third Street
$ 550,000
Back to search
Recently Listed
Share Save

321 S Third Street

Shelton, WA, 98584
$ 550,000
Bedrooms8 Baths4.0 Sq 6,320

Monthly Estimate*

$ 3,799

Listed by Zachary Lazo, COMPASS, 206-250-8017, zack.lazo@compass.com
321 S Third Street, Shelton, WA 98584 - Image 1
321 S Third Street, Shelton, WA 98584 - Image 2
321 S Third Street, Shelton, WA 98584 - Image 3
321 S Third Street, Shelton, WA 98584 - Image 4
321 S Third Street, Shelton, WA 98584 - Image 5
321 S Third Street, Shelton, WA 98584 - Image 6
321 S Third Street, Shelton, WA 98584 - Image 7
321 S Third Street, Shelton, WA 98584 - Image 8
321 S Third Street, Shelton, WA 98584 - Image 9
321 S Third Street, Shelton, WA 98584 - Image 10
321 S Third Street, Shelton, WA 98584 - Image 11
321 S Third Street, Shelton, WA 98584 - Image 12
321 S Third Street, Shelton, WA 98584 - Image 13

Multi-Family Home for sale in Shelton, WA

for $550,000 with 8 bedrooms and 4 full baths. This 6,320 square foot home was built in 1945 on a lot size of 0.19.

Strong rental income today, exciting potential for tomorrow! This centrally located Shelton fourplex is a great investment opportunity or an ideal house hack—live in one unit and let rent from the others help cover your mortgage payment. Each well-kept unit features 2 bedrooms and 1 bath, with one currently vacant, creating an opportunity for owner-occupied financing. Great long-term tenants occupy the other three units, and vacancies have historically been easy to fill. Renovated just a few years ago with a new roof, windows, and siding, the building also generates washer and dryer income. Nearly 3,000 square feet of unused storage space offers exceptional potential for added revenue, and a property management company is available for ongoing management. Established income, major updates, and room to build value!

See more
Multi-Family Active

Price

$ 550,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,895

Style

4-Plex

Lot Size

0.19

Year Built

1945

Town/City

Shelton

County/Region

Mason

MLS | Web ID

2596172
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air Wall Furnace
Cooling Window Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1945
Property Subtype Multi Family
Tax Year 2026
County Mason
Net Operating Income 44701
Insurance Expense 5886
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown
Special Listing Conditions None
Status Active
Directions South on Third from Railroad to property on right south of Grove.
City Shelton
Senior Community Y/N N
High School District Shelton
Number Of Units Total 4
MLS Area 175 - Shelton
Lot Size Units Square Feet
Lot Size Square Feet 8276
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 4895
Electric Expense 813
Fuel Expense 0
Property Condition Updated/Remodeled
Public Remarks Strong rental income today exciting potential for tomorrow! This centrally located Shelton fourplex is a great investment opportunity or an ideal house hacklive in one unit and let rent from the othe
Leasable Area 3600
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 6825
Property Style 54 - 4-Plex
Cap Rate 8.13
See more
Exterior
Exterior Amenities Cement Planked Wood
Lot Features Dead End Street Paved
Water Source Public
Total Parking 8
Foundation Details Poured Concrete Slab
Building Area Total 6320
Lot Size Acres 0.19
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 8
See more
Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Internal Only
OriginalMLSID NWM2596172
Street Number 1 321
See more
* Excluded Features
List By
Zachary Lazo

Listing Agent

Compass

Broker

zack.lazo@compass.com

Email

Affordability Calculator

$4,207
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,799
Monthly Property Taxes
$408
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
257521 Elementary School
258133 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/23/2026$550,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

321 S Third Street, Shelton, WA, 98584 is a Multi-Family Home for sale at $550,000 with 6,320 sqft and a lot size of 0.19. 321 S Third Street has 8 bedrooms, 4.0 baths, and was built in 1945. The property's zip code is 98584 which is in Shelton, WA

Get more info