321 S Third Street · Shelton, WA 98584
Source: NWMLS · COMPASS · Zachary Lazo #NWM2596172
About this home
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!
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 2 stories
- Condition
- Updated/Remodeled
- Year built
- 1945
- Building area
- 6,320 sq ft
- Lot size
- 8,276 sq ft (0.19 acres)
- County
- Mason
- MLS #
- NWM2596172
Interior
- Heating
- Baseboard, Forced Air, Wall Furnace
- Cooling
- Window Unit(s)
- Flooring
- Vinyl, Carpet
Exterior & lot
- Exterior features
- Cement Planked, Wood
- Roof
- Composition
- Foundation
- Poured Concrete, Slab
- Lot features
- Dead End Street, Paved
- Waterfront
- No
Parking
- Parking spaces
- 8
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Downtown
- Property tax
- $4,895 (2026)
Transaction
- Listed on
- Oct 22, 2026
- Days active
- 24
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2011-03-28
- Sold$167,750
Schools
School district: Shelton
- High
- Shelton High SchoolSchoolDigger 1 star · Top 76% in WA
Listing provided courtesy of: COMPASS
Listing agent: Zachary Lazo.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-10-23.