Property Details
1125 N 13th Street #B
Shelton, WA 98584
$905,000
Active
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Property Overview
PRIME TIME! Turn key 4-plex in the heart of Shelton, minutes from amenities and the hospital. Fully occupied and renovated—this is as close to new construction as it gets! Every unit has been completely remodeled with luxury LVP flooring, quartz countertops, hardwood cabinetry, brand-new appliances, and modern finishes throughout. Interiors feature fresh paint, abundant LED can lighting, new heaters, new doors, and fully updated bathrooms with new fixtures. Major exterior upgrades include a brand-new 30-year roof (2026), new seamless aluminum gutters and downspouts, new exterior paint, and energy-efficient double-pane vinyl windows. Each unit offers in-unit laundry along with a private oversized one-car attached garage—premium features that attract and retain quality tenants. A true long-term investment—all the hard work is done. Low-maintenance asset ready for immediate cash flow!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Mason
Neighborhood
Shelton
Listed
Apr 7, 2026
Original Price
$950,000
Structure Type
Quadruplex
Parcel Number
320186400002
Tax & HOA
Annual Property Tax
$4,400 (2025)
Est. Monthly Tax
$367/mo
Financial Summary
Cap Rate
5.03%
Net Operating Income
$47,824
Gross Scheduled Income
$72,000
Gross Rent Multiplier
13.19
Total Expenses
$24,176
Building & Use
Building Sq Ft
3,900
Leasable Area
3,900 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
16,553 sqft
Year Built
1974
Exterior & Lot
Lot Size
0.38 sqft
Year Built
1974
Garage
4 spaces
Exterior Materials
Stucco
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Open Space, Paved
Exterior Features
Stucco
Community & Access
Directions
101 to Olympic Hwy North. Take Olympic Hwy North. Turn left onto E "E" Street. Building at end.
Location
City
Shelton
County
Mason
Coordinates
47.22155, -123.11408
Additional Information
Tax Year
2025
Annual Taxes
$4,400
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 10:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
