request_info_guest false

Dual Living, Double Opportunity: Versatile Duplex in Shelton

$450,000

1602-1604 King Street, Shelton, WA 98584

Active
Last Updated: 05/07/2025

8

Cap Rate

21,429

NOI

Details:
Cap Rate:    8%
NOI:    $21,429
Building Size:    1,848 sqft
Lot Area:    9,356 sqft
Occupancy:    100%
Units:    2
GRM:    8.1
Year Built:    1975
Zoning:    NR
Floors:    1
Seller Financing:    No
Parking Spots:    6
Restrooms:    2
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.

Map:
Location
Gallery