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Mixed-Use Building with Apartments
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101 S 1st St, Shelton, WA 98584

Mixed-use property combines apartment residences, street-level retail, and dedicated parking in downtown Shelton.

Property Size21,450 SF
Price / SF$202.80
Days on Market229

Property Features for 101 S 1st St

General Information

Standard status Active
Size 21,450 SF
Property subtype MULTIFAMILY

Site & Location

Road Access Yes
Public Transit Yes

Units

Unit Mix 28 x studio, 10 x 1BR
Multifamily Units 38

Amenities

off-street parking
controlled access
community garden space

Building Details

Year Renovated 2000
Buildings 1
Tenancy Multi
Listing Agency: Westlake Associates, Inc.
Listed By: Reid Jones · License #87080
Source: Moodyscre
Added: Jan 26 Changed: Sep 11 Last Checked: Sep 12 at 4:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westlake Associates, Inc.

Investment Insights

Based on property information with market context.

The 21,450-square-foot property at 101 S 1st St combines 28 studio apartments, 10 one-bedroom apartments, and four retail spaces. A separate 5,000-square-foot parcel at the intersection of 1st and Cota Street provides dedicated parking and connects to the main building by a permanent skybridge. The building was retrofitted in 2000 with improvements that included electrical upgrades.

Property features include professional on-site management, controlled access, off-street parking, and community garden space. Its downtown Shelton setting places the building near the transit center, schools, grocery stores, shopping, a local movie theater, and other downtown amenities. The property also has visibility along South 1st Street and walkable access to nearby services.

Key Highlights

  • 28 studio units and 10 one‑bedroom apartments
  • Four retail spaces within a 21,450‑square‑foot mixed‑use building
  • Separate 5,000‑square‑foot parking parcel at 1st and Cota Street

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Storage Facility Hair Salon Auto Repair Shop Furniture & Home Goods HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

710
Businesses Nearby

Demographics for 98584, WA

39,266
Population
17,402
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
359.5 sq mi
ZIP Area
109
Density / Sq Mi
$73,149
Median Household Income
$41,593
Median Earnings
$1,250
Median Rent
$365,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property combines apartment residences, street-level retail, and dedicated parking in downtown Shelton.
Where is this mixed-use property located?
The property is located at 101 S 1st St Shelton, WA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 28 studio units and 10 one‑bedroom apartments; Four retail spaces within a 21,450‑square‑foot mixed‑use building; Separate 5,000‑square‑foot parking parcel at 1st and Cota Street
(206) 250-9655 Call to check price and availability
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