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Listed by:COMPASS • Zachary Lazo
$550,000
Est. payment /mo
8 Beds
4 Baths
6,320 SqFt
New
321 S Third ST Shelton, WA 98584
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,320 sqft
Price per Sqft $87
Subdivision Downtown
MLS Listing ID 2596172
Style 54 - 4-Plex
Bedrooms 8
Year Built 1945
Annual Tax Amount $4,895
Lot Size 8,276 Sqft
Property Sub-Type Multi Family
Property 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!
Location
State WA
County Mason
Area 175 - Shelton
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Shelton
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOL & BUSINESS
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