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$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 courtesy of Westlake Associates, Inc..

$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 courtesy of Better Properties Gig Harbor.

$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 courtesy of ASPA.

$575,000
5 Beds ⋅ 3 Baths ⋅ 2547575 MLS ⋅ ACTIVE Status
Rare mixed-use investment opportunity in the heart of downtown Shelton! This versatile property offers incredible flexibility for investors, owner-users, or entrepreneurs looking to establish a presence in a thriving downtown location. The upper level is currently occupied by long-term tenants who would love to stay, providing immediate rental income, but they are willing to vacate if a buyer prefers to occupy the space.The street-level commercial space offers endless possibilities, including retail, office, restaurant, studio, or service-based business. With excellent visibility, abundant street parking, and a prime downtown location, this property is well-positioned for a wide range of uses. MLS information does not fully reflect the property's restroom amenities. The building includes multiple toilets and several communal sinks.

703 W Railroad, Shelton

Listing courtesy of AgencyOne.

$425,000
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 courtesy of Keller Williams South Sound.

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