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321 S Third Street, Shelton
$550,000
2596172 MLS ⋅ ACTIVE Status
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!

321 S Third Street, Shelton

Listing Broker: COMPASS; Zachary Lazo; 206-250-8017; zack.lazo@compass.com

327 W Grove Street, Shelton
$175,000
2 Beds ⋅ 1 Baths ⋅ 2593006 MLS ⋅ ACTIVE Status
Bring your vision and your tools, and unlock the potential of this 1941 downtown Shelton home! Offering 1,632 square feet, this 2-bedroom, 1-bath home presents an exciting opportunity for renovation and customization. The main level features a welcoming living room and dining room, while both bedrooms and the bathroom are located upstairs. An attached 1-car garage adds convenient parking and storage. Situated on a corner lot with a fenced backyard, the property offers space to create your own outdoor retreat. CASH OFFERS ONLY. Its downtown location puts shopping, restaurants, services, and everyday conveniences close at hand. Beyond town, Mason County is an outdoor enthusiast’s playground, with abundant opportunities for hiking, biking, hunting, golfing, water sports, fishing, kayaking, and exploring the beautiful forests, lakes, and waterways of the South Puget Sound and Hood Canal region. For those seeking adventure, nearby activities even include skydiving and road racing. A great opportunity for an investor, contractor, or buyer ready to bring new life to a classic Shelton home!

327 W Grove Street, Shelton

Listing Broker: John L. Scott Shelton; Kristy D. Buck; 360-490-0958; kbuck@johnlscott.com

101 S 1st Street, Shelton
$4,350,000
2580482 MLS ⋅ ACTIVE Status
101 First offers a unique mixed-use investment in the heart of downtown Shelton, widely regarded as the gateway to Hood Canal and the Olympic Peninsula. The property features 28 studio units, 10 one-bedroom apartments, and four retail spaces positioned along the city’s primary commercial corridor. A second 5,000 square-foot parcel at the corner of 1st and Cota Street serves as dedicated parking for the property and is connected to the main building via a permanent skybridge. Retrofitted in 2000 with building improvements, including electrical upgrades, the property continues to benefit from professional on-site management and efficient operations. Tenants enjoy off-street parking, controlled access, community garden space, and convenient access to schools, grocery stores, shopping, the local movie theater, and a range of downtown amenities. Importantly, Shelton offers a more affordable cost of living and rental environment relative to nearby Olympia and other South Sound markets, supporting consistent demand from residents seeking value without sacrificing access or convenience. With walkable access to the transit center and strong visibility along South 1st Street, the property is well positioned to capture stable, long-term tenant demand from both local renters and those priced out of higher cost surrounding areas.

101 S 1st Street, Shelton

Listing Broker: Westlake Associates, Inc.; Reid Jones; 206-505-9401; reid@westlakeassociates.com

218 S 2nd Street, Shelton
$160,000
3 Beds ⋅ 2 Baths ⋅ 2577144 MLS ⋅ ACTIVE Status
Residential or commercially zoned. Good downtown location for a live work space. This 3 bedroom 1.75 bath home will need a remodel. Foundation completed recently. Room behind the home to build a garage or additional living space.

218 S 2nd Street, Shelton

Listing Broker: Better Properties Gig Harbor; James G Smith; 253-820-0999; jamtacoma@gmail.com

125 E Grove Street, Shelton
$150,000
2564104 MLS ⋅ ACTIVE Status
Commercial Vacant Lot on Highway 3 in Downtown Shelton High traffic count, High Visibility. Right in the Middle of Restaurants and Auto-shops. Lot was previously used for Auto Sales, Big Opportunity! Drive by Today, Own Tomorrow! Currently rented to a food truck month to month. Room for more Business or Housing Ideas.

125 E Grove Street, Shelton

Listing Broker: ASPA; Gretchen Miller; 206-354-4586; ASPAinvestments@aol.com

407 N 6th Street, Shelton
$415,000
4 Beds ⋅ 2 Baths ⋅ 2397654 MLS ⋅ ACTIVE Status
Charming 1930s Cape Cod in the heart of Shelton! Character-filled 4-bdrm, 2-bath home showcases oak hardwood floors, coved ceilings, arched doorways, & paned windows. Main floor features a primary bdrm with ensuite, formal dining room, & a generous great room perfect for gathering. The galley-style kitchen includes SS appliances & farmhouse sink. Built-ins add both charm and functionality. The 4th bdrm is above the garage with its own private staircase & includes a built-in sink—ideal for a guest suite, art studio, or flex space. Gas hot water heat, 2 fireplaces, & attached garage. Outside, a private brick patio & a fully fenced yard. Home could use some updates & TLC—great opportunity to build equity while preserving its timeless appeal.

407 N 6th Street, Shelton

Listing Broker: Keller Williams South Sound; Marca Bruff; 360-490-7347; marca@kw.com

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.
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