Three Duplex Residential
For Sale
Contact for pricing
Pending
54 W Pine Acres Way, Shelton, WA 98584
Three fully rented duplexes on the site, with utilities available in the street for proposed expansion.
Property SizeContact for details
Days on Market149
Property Features for 54 W Pine Acres Way
General Information
Standard status
Pending
Property subtype
Mixed Use
Additional Details
Utilities to Site
Yes
Listing Agency:
Coldwell Banker BAIN Gig Harbor
Listed By:
Richard Kemp · License #WA
Source:
Crexi
Added: Apr 12
Changed: Aug 22
Last Checked: Sep 7 at 7:32AM
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 Coldwell Banker BAIN Gig Harbor
Investment Insights
Based on property information with market context.
The property currently includes three duplexes, all described as fully rented. The seller has completed a preliminary feasibility study indicating room to add two additional duplexes on the site, for a total of five duplexes.
The adjacent vacant Lot 12 is included as part of the offering and is described in the feasibility study as having the possibility of supporting the construction of approximately 3.5 additional duplexes. Water, power, and sewer are located in the street and are indicated as available.
Set in Shelton, the offering is presented for contractors, investors, and/or owner-occupants looking for existing rental units alongside an identified expansion concept supported by the seller’s preliminary study.
The adjacent vacant Lot 12 is included as part of the offering and is described in the feasibility study as having the possibility of supporting the construction of approximately 3.5 additional duplexes. Water, power, and sewer are located in the street and are indicated as available.
Set in Shelton, the offering is presented for contractors, investors, and/or owner-occupants looking for existing rental units alongside an identified expansion concept supported by the seller’s preliminary study.
Key Highlights
- 3 fully rented duplexes on the property
- Preliminary feasibility study indicates 2 additional duplexes could be built, totaling 5 duplexes
- Adjacent included vacant Lot 12 has the possibility of building 3.5 duplexes
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three fully rented duplexes on the site, with utilities available in the street for proposed expansion.
Where is this apartment building located?
The property is located at 54 W Pine Acres Way Shelton, WA.
What are key features of this property?
This property features: 3 fully rented duplexes on the property; Preliminary feasibility study indicates 2 additional duplexes could be built, totaling 5 duplexes; Adjacent included vacant Lot 12 has the possibility of building 3.5 duplexes
