Presented by: Richard Beckman Rlty Group LLC and NWMLS
Property Description
Rare Opportunity in Shelton! Charming Stucco 4-Plex with Exceptional Potential. Discover a truly unique investment priced $50K under appraisal. This well-maintained stucco 4-plex combines curb appeal, income-generating potential, and a prime location making it a standout choice for investors or owner-occupants. Each of the four 2-bedroom, 1-bath units features: Spacious, functional floorplans, Reliable electric baseboard heating, Access to built-in garages for added tenant appeal. With approximately 3,900 sq ft of total living space on a generous 10,454 sq ft lot, this low-rise multifamily building offers flexibility, stability, and room for long-term growth. A second unit in this complex is also available MLS #2454615
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
Building Area Units0 sqft
Building NameKing Street Addition
Cap Rate6.12
Carport Spaces0
Carport Y/NNo
CityShelton
CoolingNone
CountyMason
Directions101 to Olympic Hwy North. Take Olympic HWY North. Turn left onto E E Street. Units are on the right.
Electric Expense0
Elementary SchoolMountain View Elementary
Fuel Expense0
Garage Spaces4
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolShelton High
High School DistrictShelton
Insurance Expense2400
Leasable Area3,900 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet10,454 sqft
Lot Size UnitsSquare Feet
MLS Area175 - Shelton
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income45359
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
PossessionClosing
Possible UseResidential
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare Opportunity in Shelton! Charming Stucco 4-Plex with Exceptional Potential. Discover a truly unique investment priced $50K under appraisal. This well-maintained stucco 4-plex combines curb appeal
RoofComposition
Senior Community Y/NNo
SewerAvailable
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameMountain View
Tax Annual Amount$4,100
Tax Year2025
Unit Number0
Units Below Gradefalse
Units In Building Total4
Water CompanyCity Of Shelton
Water Sewer Garbage4800
Year Built1975
Zoning DescriptionResidential
Exterior
Building Area Total3,900 sqft
Covered Spaces0
Exterior AmenitiesStucco
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Cul-De-Sac
Lot Number0
Lot Size Acres0.24
Parking Uncovered Spaces4
Site FeaturesCable TV
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Shelton High
Elementary School
Mountain View Elementary
Middle School
Buyer To Verify Middle School