101 S 1st Street, Shelton, WA 98584

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: reid jones
Office: westlake associates, inc.
MLS#:2472205
Source:NWMLS
101 S 1st Street,Shelton, WA 98584
$4,500,000
  • - Beds
  • - Baths
  • 21,879 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$205.68

About this home

101 First offers a unique mixed-use investment in the heart of downtown Shelton, widely regarded as the gateway to Hood Canal and the Olympic Peninsula. The property features 28 studio units, 10 one-bedroom apartments, and four retail spaces positioned along the city’s primary commercial corridor. A second 5,000 square-foot parcel at the corner of 1st and Cota Street serves as dedicated parking for the property and is connected to the main building via a permanent skybridge. Retrofitted in 2000 with building improvements, including electrical upgrades, the property continues to benefit from professional on-site management and efficient operations. Tenants enjoy off-street parking, controlled access, community garden space, and convenient access to schools, grocery stores, shopping, the local movie theater, and a range of downtown amenities. Importantly, Shelton offers a more affordable cost of living and rental environment relative to nearby Olympia and other South Sound markets,

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Home facts

  • Year built:1908
  • Listing ID #:2472205
  • Updated:January 31, 2026 at 01:27 AM

Rooms and interior

  • Living area:21,879 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water Recirc Pump

Structure and exterior

  • Roof:Flat Roof
  • Year built:1908
  • Building area:21,879 sq. ft.
  • Lot area:0.33 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$205.68
  • Tax amount:$30,915 (2025)
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