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Lot F 1125 13th St 4 Unit Apartment Building $720,000 ($180,000/Unit) 5.20% Cap Rate Shelton, WA 98584
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 | Apartment Style | Low-Rise |
| Price Per Unit | $180,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 5.20% | Building Size | 3,900 SF |
| Gross Rent Multiplier | 13.79 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | Multi Family, Residential - Multi-Family, Residential | ||
| 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 |
| 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
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 32018-64-00006 | Improvements Assessment | $317,825 |
| Land Assessment | $43,275 | Total Assessment | $361,100 |
Property Taxes
Parcel Number
32018-64-00006
Land Assessment
$43,275
Improvements Assessment
$317,825
Total Assessment
$361,100
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Lot F | 1125 13th St