101 S 1st Street, Shelton, WA 98584

Shelton
Local realty services provided by:RSVP Brokers ERA
Listed by: reid jones
Office: westlake associates, inc.
MLS#:2580482
Source:NWMLS
101 S 1st Street,Shelton, WA 98584
$4,350,000
  • - Beds
  • - Baths
  • 21,879 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,350,000
  • Price per sq. ft.:$198.82

About this home

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,...

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Home facts

  • Year built:1908
  • Subdivision & Development:Downtown
  • Listing ID #:2580482
  • Updated:September 29, 2026 at 11:45 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Plank
  • Living area:21,879 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1908
  • Building area:21,879 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish, Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,350,000
  • Price per sq. ft.:$198.82
  • Tax amount:$27,140 (2026)

Features and amenities

  • Amenities:Gated Entry

Parking

  • Total parking spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 29, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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