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4-Unit Multifamily Property

321 S 3rd St, Shelton, WA 98584

For Sale
$550,000

Three apartments are occupied, with one vacant unit and laundry equipment that generates income.

Property SizeContact for details
Days on Market17

Property Features for 321 S 3rd St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,895

Building Details

Buildings 1
Listing Agency: COMPASS
Listed By: Zachary Lazo
Source: Exprealty
Added: Oct 22 Changed: Nov 7 Last Checked: Nov 7 at 12:29PM

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 COMPASS

Rey
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Investment Insights

Based on property information with market context.

The property has four apartments, each with two bedrooms and one bathroom. Three units are occupied, and one is vacant. Work completed a few years ago included a new roof, windows, and siding. Laundry equipment provides an additional source of income, while nearly 3,000 square feet of storage space is unused. A property management company is available for ongoing management.

Key Highlights

  • Four apartments, each with 2 bedrooms and 1 bathroom
  • Three units occupied; one unit vacant
  • Roof, windows, and siding replaced a few years ago

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

720
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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Three apartments are occupied, with one vacant unit and laundry equipment that generates income.
Where is this quadplex located?
The property is located at 321 S 3rd St Shelton, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Three units occupied; one unit vacant; Roof, windows, and siding replaced a few years ago
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