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Listed by: Zachary Lazo (206) 250-8017 | COMPASS (425) 637-7777
$550,000
Monthly Est:$2,738
8 Beds
4 Baths
6,320sqft
321 S 3rd Street, Shelton, WA 98584
$550,000
$2,738/moEst:
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Multi Family
Built in 1945
$-- HOA
8,276 sqft lot
$87/sq.ft
Description
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!
- Houzeo last checked: 11 minutes ago
- Listing updated: October 23, 2026 at 3:53 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2596172
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1945
HOA Fees
-
Finished Area
6,320 sqft
Lot Size
8,276 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2596172
MLS Status
Active
Days on Market
5
Cumulative Days on Market
4
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Sewer
Sewer Connected
Exterior Features
Cement Planked, Wood
Flooring
Vinyl, Carpet
Cooling
Window Unit(s)
Heating
Baseboard, Forced Air, Wall Furnace
Construction
Year Built
Year Built: 1945
Home type
Multi Family
Construction Materials
Cement Plank, Wood
Property Condition
Updated/remodeled
Foundation Details
Poured Concrete, Slab
Roof
Composition
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Dead End Street, Paved
Subdivision Name
Downtown
Price History
| Date | Event | Price |
|---|---|---|
10/23/2026 Source: | Listed for Sale | $550,000 +227.87% $87/sqft |
03/30/2011 Source: | Sold | $167,750 $27/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 27, 2026, 07:31AM. 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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