Shelton, WA 98584 1602 1604 King Street
$450,000
10 more
Presented By: COMPASS and NWMLS
- MLS# 2339344
- 03/06/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,848
Home Details
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 $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.
Presented By: COMPASS and NWMLS
Interior Features for 1602 1604 King Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 1602 1604 King Street
AmenitiesSee Remarks
Building Area UnitsSquare Feet
Cap Rate8
Carport Spaces
Carport Y/NNo
CityShelton
CoolingNone
CountyMason
DirectionsFrom Olympic Hwy, turn left on E D St and onto King St – property will be on the left.
Electric Expense5007
Fuel Expense5007
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictShelton
Insurance Expense2404
Leasable Area1848
Listing TermsCash Out, Conventional, Rehab Loan
Living Area UnitsSquare Feet
Lot Size Square Feet9356
Lot Size UnitsSquare Feet
MLS Area175 – Shelton
ModificationTimestamp2025-05-07T22:50:42.000Z
NWM_ShowMapLinkY
Net Operating Income21429
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionFair
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPresenting 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
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameMountain View
Tax Annual Amount4290
Tax Year2024
Units Below Gradefalse
Units In Building Total2
Water Sewer Garbage5007
Year Built1975
Zoning DescriptionMulti-Family
Exterior for 1602 1604 King Street
Building Area Total1848
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved
Lot Size Acres0.2148
Parking FeaturesRV Parking
Parking Uncovered Spaces4
Site FeaturesFenced-Fully, RV Parking
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®