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Executive Summary

Rare Opportunity in Shelton! Charming Stucco 4-Plex with Exceptional Potential. Discover a truly unique investment priced $50K under appraisal. This well-maintained stucco 4-plex combines curb appeal, income-generating potential, and a prime location making it a standout choice for investors or owner-occupants. Each of the four 2-bedroom, 1-bath units features: Spacious, functional floorplans, Reliable electric baseboard heating, Access to built-in garages for added tenant appeal. With approximately 3,900 sq ft of total living space on a generous 10,454 sq ft lot, this low-rise multifamily building offers flexibility, stability, and room for long-term growth. A second unit in this complex is also available MLS # 2454611

Property Facts

Price $720,000
Price Per Unit $180,000
Sale Type Investment
Cap Rate 5.20%
Gross Rent Multiplier 13.79
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.31 AC
Building Size 3,900 SF
Average Occupancy 75%
No. Stories 2
Year Built 1977
Parking Ratio 1/1,000 SF
Zoning Multi Family, Residential - Multi-Family, Residential

Amenities

  • Smoke Detector

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Carpet
  • Dining Room

Site Amenities

  • 24 Hour Access
  • Walk-Up
  • Smoke Detector
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 40406082

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 1125 13th St, Shelton, WA 98584

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