Dual Living, Double Opportunity: Versatile Duplex in Shelton
$450,000
1602-1604 King Street, Shelton, WA 98584
8
Cap Rate
21,429
NOI
Details:
Description:
Well-located duplex in central Shelton, currently operating as transitional housing and generating approximately $21,429 in annual NOI. Each 2-bed, 1-bath unit features private entrances, separate garages, in-unit laundry, and fully fenced yards—perfect for continued use as community housing or future conversion into market-rate rentals.
Set on a large corner lot with mature trees, this property offers reliable cash flow and strong potential for long-term appreciation in a growing rental market. With easy access to shops, schools, and highways, it’s positioned in an area with consistent demand. This is a solid investment with both strong financial returns and a positive social impact.
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