101 S 1st ST, Shelton, WA 98584
101 S 1st ST, Shelton, WA 98584
101 S 1st ST, Shelton, WA 98584
101 S 1st ST, Shelton, WA 98584
101 S 1st ST, Shelton, WA 98584
101 S 1st ST, Shelton, WA 98584
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Jesse Castaneda

Jesse Castaneda

+1(480) 277-4578
Listed by:Westlake Associates, Inc. • Reid Jones
$ 4,350,000
Est. payment | /mo

10 Beds

38 Baths

21,879 SqFt

Save
$ 4,350,000
Est. payment | /mo
Save

10 Beds

38 Baths

21,879 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,879 sqft

Price per Sqft $198

Subdivision Downtown

MLS Listing ID 2472205

Style 56 - 10+ Units

Bedrooms 10

Year Built 1908

Annual Tax Amount $27,140

Lot Size 0.330 Acres

Property Sub-Type Multi Family

Property 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.

Location

State WA

County Mason

Area 175 - Shelton

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood

Amenities Available Gated Entry

View Y/N No

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Shelton

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Jesse Castaneda

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(480) 277-4578

jecastan23@yahoo.com

18134 72nd Ave E, Puyallup, Washington, 98375, United States

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101 S 1st ST