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Marius Ion

1602 1604 King Street

$450,000 1602 1604 King Street, Shelton, WA 98584
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.
  • For Sale
    Status
  • 1975
    Year Built
  • 1,848 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 1,848 Sq.Ft.
  • Lot Size: 9,356 Sq.Ft.
  • MLS® ID: 2339344
  • Type: Multi-Family
  • Year Built: 1975
  • School District: Shelton

Interior

  • Flooring: Vinyl, Carpet

Exterior & Building

  • Stories: 1
  • Water Source: Public
  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • Parking: RV Parking
  • Heat Type: Baseboard
  • Air Conditioning: None
  • Sewer: Sewer Connected
  • Substructure: Poured Concrete
  • Other Exterior Features: Wood

Financial

  • Sales Price: $450,000
  • Real Estate Tax: $4,290/yr

1602 1604 King Street

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