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Listed by: Reid Jones (206) 505-9401 | Westlake Associates, Inc. (206) 505-9400
$4,350,000
Monthly Est:$21,652
10 Beds
38 Baths
21,879sqft
101 S 1st Street, Shelton, WA 98584
$4,350,000
$21,652/moEst:
Get Pre-Approved
Multi Family
Built in 1908
$-- HOA
14,374 sqft lot
$199/sq.ft
Description
101 First offers a unique mixed-use investment in the heart of downtown Shelton, widely regarded as the gateway to Hood Canal and the Olympic Peninsula. The property features 28 studio units, 10 one-bedroom apartments, and four retail spaces positioned along the city’s primary commercial corridor. A second 5,000 square-foot parcel at the corner of 1st and Cota Street serves as dedicated parking for the property and is connected to the main building via a permanent skybridge. Retrofitted in 2000 with building improvements, including electrical upgrades, the property continues to benefit from professional on-site management and efficient operations. Tenants enjoy off-street parking, controlled access, community garden space, and convenient access to schools, grocery stores, shopping, the local movie theater, and a range of downtown amenities. Importantly, Shelton offers a more affordable cost of living and rental environment relative to nearby Olympia and other South Sound markets, supporting consistent demand from residents seeking value without sacrificing access or convenience. With walkable access to the transit center and strong visibility along South 1st Street, the property is well positioned to capture stable, long-term tenant demand from both local renters and those priced out of higher cost surrounding areas.
- Houzeo last checked: 35 minutes ago
- Listing updated: September 18, 2026 at 5:58 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2580482
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1908
HOA Fees
-
Finished Area
21,879 sqft
Lot Size
14,374 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2580482
MLS Status
Active
Days on Market
254
Cumulative Days on Market
253
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 38
Interior
Flooring
Laminate, Vinyl Plank, Carpet
Exterior Features
Cement/concrete, Wood
Sewer
Sewer Connected
Heating
Baseboard, Recirculation Pump
Cooling
None
Construction
Year Built
Year Built: 1908
Home type
Multi Family
Roof
Flat
Construction Materials
Cement, Wood
Utilities & Energy
Security Features
Security Gate
Other Features
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Subdivision Name
Downtown
Price History
| Date | Event | Price |
|---|---|---|
09/10/2026 Source: | Listed for Sale | $4,350,000 $199/sqft |
07/22/2026 Source: | Listing Removed | $4,350,000 $199/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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