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321 S Third Street, Shelton, WA 98584

Shelton
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: zachary lazo
Office: compass
MLS#:2596172
Source:NWMLS
321 S Third Street,Shelton, WA 98584
$550,000
  • - Beds
  • - Baths
  • 6,320 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$550,000
  • Price per sq. ft.:$87.03

About this home

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!

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Home facts

  • Year built:1945
  • Subdivision & Development:Downtown
  • Listing ID #:2596172
  • Updated:October 24, 2026 at 11:28 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:6,320 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1945
  • Building area:6,320 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Cement Planked, Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$87.03
  • Tax amount:$4,895 (2026)

Parking

  • Total parking spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 24, 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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