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First & Railroad Building
101 S 1st St Shelton WA 98584
Listing #: 707581 | Status: Available | Last Modified: 4/15/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 640,581 |
| Vacancy Factor % | 4.00% |
| Operating Expenses | 288,428 |
| Net Operating Income | 326,529 |
| CAP Rate | 8.10 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Financial Summary | |
|---|---|
| CAP Rate | 8.095 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 42 |
| # of Elevators | 1 |
| Total Building SF | 21,879 SF |
| Net Rentable Area | 21,450 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 14,447 SF |
| Acres | 0.33 |
| Year Built | 1908 |
| Year Renovated | 2000 |
| Construction Type | Masonry |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | Mason |
| Cross Street | Railroad |
| Market Area | Mason County |
| Tax ID # | 32019-00-60010|1 |
| Zoning | DT |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 8 |
| Total Parking Spots | 8 |
Shelton 42-Unit Mixed-Use For Sale
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 l
First & Railroad Building
101 S 1st St Shelton WA 98584
Listing #: 707581 | Status: Available | Listing Date: 1/26/2026 | Last Modified: 4/15/2026 | Email Listing
For Sale
First & Railroad Building
