101 S 1st St Shelton, WA 98584
Estimated payment $25,712/month
Highlights
- Corner Lot
- Vinyl Plank Flooring
- Gated Home
- No HOA
- Baseboard Heating
- 5-minute walk to Shelton Public Works
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, 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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2472205
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,140
Year Built
- Built in 1908
Lot Details
- 14,374 Sq Ft Lot
- Gated Home
- Corner Lot
- 320195015001
Home Design
- Flat Roof Shape
- Wood Siding
Interior Spaces
- 21,879 Sq Ft Home
- 3-Story Property
Flooring
- Carpet
- Laminate
- Vinyl Plank
Bedrooms and Bathrooms
- 10 Bedrooms
- 38 Bathrooms
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 320195015008
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $29,994 | $2,616,970 | $94,325 | $2,522,645 |
| 2025 | $27,560 | $2,936,535 | $94,325 | $2,842,210 |
| 2023 | $27,560 | $1,739,510 | $94,325 | $1,645,185 |
| 2022 | $14,760 | $1,180,435 | $125,770 | $1,054,665 |
| 2021 | $15,977 | $1,180,435 | $125,770 | $1,054,665 |
| 2020 | $15,242 | $1,178,315 | $135,235 | $1,043,080 |
| 2018 | $19,722 | $1,180,770 | $125,590 | $1,055,180 |
| 2017 | $18,236 | $1,180,770 | $125,590 | $1,055,180 |
| 2016 | $17,766 | $1,180,770 | $125,590 | $1,055,180 |
| 2015 | $17,899 | $1,169,890 | $125,590 | $1,044,300 |
| 2014 | -- | $1,162,500 | $118,200 | $1,044,300 |
| 2013 | -- | $1,155,115 | $110,815 | $1,044,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $4,350,000 | -3.3% | $199 / Sq Ft |
| 01/26/2026 01/26/26 | For Sale | $4,500,000 | -- | $206 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2472205
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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 by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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