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101 S 1st Street, Shelton, WA 98584

Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: reid jones
Office: westlake associates, inc.
MLS#:2472205
Source:NWMLS
101 S 1st Street,Shelton, WA 98584
$4,500,000
  • - Beds
  • - Baths
  • 21,879 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$205.68

About this home

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,

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Home facts

  • Year built:1908
  • Listing ID #:2472205
  • Updated:January 28, 2026 at 12:05 PM

Rooms and interior

  • Living area:21,879 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water Recirc Pump

Structure and exterior

  • Roof:Flat Roof
  • Year built:1908
  • Building area:21,879 sq. ft.
  • Lot area:0.33 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$205.68
  • Tax amount:$30,915 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of January 28, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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