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Two-Story Apartment Building
For Sale
Contact for pricing
Pending

114 W Cedar St, Shelton, WA 98584

Eleven-unit property with renovated interiors, communal laundry, and off-street parking in Shelton.

Property SizeContact for details
Days on Market142

Property Features for 114 W Cedar St

General Information

Standard status Pending
Net Rentable 5,484 SF
Property subtype Multifamily

Units

Unit Mix 4 x studio, 6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 11

Amenities

dishwashers
washers and dryers in select units
communal on-site laundry
off-street parking

Building Details

Stories 2
Listing Agency: Marcus & Millichap - Portland
Listed By: Georgie Christensen-Riley · License #201253912
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 3:58AM

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 Marcus & Millichap - Portland

Investment Insights

Based on property information with market context.

This two-story apartment property contains 11 units totaling 5,484 rentable square feet across two tax lots. The unit mix includes four studios, six one-bedroom/one-bath units, and one two-bedroom/one-bath unit. Select residences have dishwashers and in-unit washers and dryers, while communal laundry serves the property. Off-street parking is also provided.

The buildings were completed in two phases, with one portion dating to 1935 and the other to 1975. Improvements completed since 2018 include work to the plumbing, electrical service and metering, roof, siding, windows, and unit interiors. Interior updates include shaker cabinetry, white kitchen appliances, vinyl flooring in kitchens and bathrooms, and carpet in the remaining living areas. The property is located at 114 W Cedar Street in Shelton, Washington.

Key Highlights

  • 11‑unit apartment property with 5,484 rentable square feet
  • Unit mix includes 4 studios, 6 one‑bedroom/one‑bath units, and 1 two‑bedroom/one‑bath unit
  • Two tax lots with construction completed in 1935 and 1975

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon (Bike/Boat/Book/etc) Store Catering Service Storage Facility Furniture & Home Goods Home Appliance Store

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

691
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

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?
Apartment building - Eleven-unit property with renovated interiors, communal laundry, and off-street parking in Shelton.
Where is this apartment building located?
The property is located at 114 W Cedar St Shelton, WA.
What are key features of this property?
This property features: 11‑unit apartment property with 5,484 rentable square feet; Unit mix includes 4 studios, 6 one‑bedroom/one‑bath units, and 1 two‑bedroom/one‑bath unit; Two tax lots with construction completed in 1935 and 1975
More about this property
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