1602 1604 King Street, Shelton, WA 98584
- $400,000
- 1,848
- SqFt
Listing courtesy of COMPASS. Selling Office: WEICHERT, Realtors Reynolds RE.
- Sold Price
- $400,000
- List Price
- $425,000
- Status
- SOLD
- MLS#
- 2487541
- Closing Date
- Mar 30, 2026
- Days on Market
- 10
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 1,848
- Area Total SqFt
- 1848
- Annual Tax Ammount
- 4290
- Lot Size (sq ft)
- 9,356
- Sewer
- Sewer Connected
Property Description
Presenting a fully occupied 1,848 SF DUPLEX on a generous 14,810 SF lot, currently operating as transitional housing with strong potential for future conversion into market-rate rentals. This property generates an impressive $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.
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Additional Information
- List Date
- 2026-03-20 00:00:00
- Community
- Mountain View
- Net Operating Income
- $21,429
- Gross Adjusted Income
- $55,316
- Gross Scheduled Income
- $55,316
- Total Monthly Income
- $4,610
- Insurance Expenses
- $2,404
- Water/Sewer/Garbage Expenses
- $5,007
- Gross Rent Multiplier
- 8.1
- Total Expenses
- $33,885
- Cap Rate
- 8
- Total Number of Units
- 2
- Unit Name
- 1602 1604
- Potential Terms
- Cash, Conventional, Rehab Loan
- Year Built
- 1975
- Roof
- Composition
- Site Features
- Fenced-Fully, RV Parking
- Electric Expenses
- 5007
- Other Expenses
- 12170
- Energy Source
- Electric
- School District
- Shelton
- Total Monthly Income
- $4,610
- Gross Scheduled Income
- $55,316
- Gross Adjusted Income
- $55,316
- Tax Year
- 2024
- Insurance Expense
- $2,404
- W/S/G Expenses
- $5,007
- Total Expenses
- $33,885
- Net Operating Income
- $21,429
- Gross Rent Multiplier
- 8.1
- Cap Rate
- 8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.