1907 Olympic Highway N, Shelton, WA 98584

Listing agent DAVID M. HILBERT

Listing office REAL ESTATE 2000 INC. Show Phone

Listing date Apr 14, 2026

Source Corcoran

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Overview

Mountain View Park, situated at 1907 Olympic Highway N, Shelton, WA 98584, presents an investment opportunity. The property features 31 units, including 30 mobile, RV, and cottage rentals, along with an office building that offers conversion potential. The park benefits from city water and sewer services. Currently, 25 units are rented, while 5 units are vacant and require improvements before they can be leased. The proforma includes a gross of $217,392 and a net of $116,992, resulting in a 6.496% cap rate. Net income has strong upside potential through sub-metering water and power, passing through garbage expenses, and transitioning to self-management. The current proforma assumes lease-up of vacant units and a 5% rent increase effective March 1, 2026 on 25 occupied units. Viewings should be conducted with discretion, and tenants should not be disturbed.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Shelton

County

Mason

State

Washington

Longitude

-123.1201933

Latitude

47.2214261

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FAQs

What type of property is this?

Mobile home & RV park - Income-generating property with significant upside potential in Shelton, WA.

Where is this mobile home & rv park located?

The property is located at 1907 Olympic Highway N Shelton, WA.

What is the asking price?

The asking price for this property is $1,799,900.

What are key features of this property?

This property features: High Net Proforma Income: $116,992; Significant Upside Potential: Through sub‑metering utilities, passing through expenses, and self‑management.; Attractive Proforma Cap Rate: 6.496%