USAWASheltonDowntown101 S 1St St
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$4,500,000

12 days ago

101 S 1 St St, Shelton, WA

0 Bed

0 Bath

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MLS® 2472205

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $30,915
Days Active 11
Lot Size 0.33 acres
Approx. Age 1908
MLS® Number 2472205

Property Address: 101 S 1st St, Shelton, WA, 98584-3531

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2472205
Laundry Level
Central VacNo
FireplaceNo
Acreage0.33
Exterior
GarageNo
Approx. Age1908
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 26, 2026List Date
$4,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
101 S 1 St St, Shelton, WA

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