321 S Third Street, Shelton, WA 98584 (MLS # 2596172)

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Listing provided courtesy of Northwest MLS; COMPASS

PRICE $550,000
BEDS 0
BATHS 0
HOME SIZE 6,320 sqft
LOT SIZE 8,277 sqft
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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!

LAST UPDATED 10/22/2026 TRACT Downtown
YEAR BUILT 1945 COMMUNITY Downtown
COUNTY Mason STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Window Unit(s)
AIR CONDITIONING Yes
AREA 175 - Shelton
CONSTRUCTION Cement Siding
HEAT Baseboard, Electric, Forced Air, Wall Furnace
LOT 8276 sq ft
LOT DESCRIPTION Dead End Street, Paved
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Downtown
TAXES 4895
UTILITIES Sewer Connected
WATER Public

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/23/26 9:55 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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