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Listing courtesy of NWMLS / COMPASS

1602 1604 King Street

Shelton, WA 98584

– beds
– baths
1,848 sqft
9,356 sqft lot
$243 per sqft
1975 build

Presenting a fully occupied 1,848 SF DUPLEX on a generous 14,810 SF lot, currently operating as transitional housing with strong potential for future conversion into market-rate rentals. This property generates an impressive $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.

Listing courtesy of NWMLS / COMPASS

Last checked: Checking… • Last updated May 7, 2025 •

MLS# 2339344 —

The Building

Year Built:

1975
Year Built:

1975
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Duplex
Roof:

Composition
Foundation Details:

Poured Concrete
Exterior Features:

Wood
Units In Building Total:

2
# of Units Total:

2
Stories Total:

1
Building Area Total:

1848
Building Area Units:

Square Feet
Calculated SqFt:

1848
SqFt Source:

Public Records
Construction Materials:

Wood

Interior

Flooring:

Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing, Subject to Tenant Rights

Location

Latitude:

47.220833
Longitude:

-123.113753
Directions:

From Olympic Hwy, turn left on E D St and onto King St - property will be on the left.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Fair
Parcel Number:

320185718001
Lot Features:

Corner Lot, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.2148
Lot Size SqFt:

9356
Lot Size Source:

Public Records
Zoning Description:

Multi-Family
Zoning Jurisdiction:

County
View:

false
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

4290

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

5007

Schools

High School District:

Shelton

The Community

Subdivision Name:

Mountain View
Amenities:

See Remarks
Senior Community:

false
Association:

false

Parking

Parking Total:

6
Parking Uncovered Spaces:

4
Parking Features:

RV Parking
Open Parking:

true
Open Parking Spaces:

4
Carport:

false
Covered Spaces:

2

Listing courtesy of NWMLS / COMPASS

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sun May 18 2025 04:40 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
3/6/25 Mar 6, 2025	Listed / Active	NWMLS	$450,000
10/18/24 Oct 18, 2024	Listed / Active	NWMLS

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This multifamily located in Shelton, WA 98584 is currently for sale for $450,000. 1602 1604 King Street is a 1,848 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Mountain View Elementary School, Oakland Bay Junior High School, Olympic Middle School, and Shelton High School.

Listing courtesy of NWMLS / COMPASS

Disclaimer: The information contained in this listing has not been verified by COMPASS and should be verified by the buyer.