1818 Olympic Highway South
Shelton, WA 98584
$399,900
Price
4
Beds
3.5
Baths
2,500 Sq. Ft.
$160 / Sq. Ft.
2,500
Sq. Ft.
$160
per Sq. Ft.
Listing provided courtesy of AgencyOne
Description
Fantastic cash flowing tri-plex with solid tenants in place. Great location close to bus lines and shopping. major remodel completed less then 3 years ago, new hot water heater in last year so this place is good to go. Don't miss this amazing investment opportunity.Fantastic cash flowing tri-plex with solid tenants in place. Great location close to bus lines and shopping. major remodel completed less then 3 years ago, new hot water heater in last year so this place is good to go. Don't miss this amazing investment opportunity.
- Listed by Nikki Boad • AgencyOne
Property Details for 1818 Olympic Highway South
Community Name
Shelton
School DistrictShelton
Number of Assigned Spaces4
Total Covered Parking0
Entry Date03-06-2024
Energy SourceElectric
SewerSeptic Tank
LISTING UPDATED: 12/13/2024 12:53 PM
Property Details for 1818 Olympic Highway South
| Status | Active |
|---|---|
| MLS # | 2207470 |
| Days on Market | 287 |
| Cumulative Days on Market | 239 |
| Taxes | $1,660 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.23 AC / 10,019 SF |
| County | Mason County |
Building Information for 1818 Olympic Highway South
Stories1Residences3Year Built1940Building Size-Lot Size0.23 AC / 10,019 SF
Property Information for 1818 Olympic Highway South
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV, Fenced-Partially, RV Parking
- Area: 175 - Shelton
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: Olympic Hwy S and Arcadia. FOR PARKING: Turn Right (east) on Arcadia then right (south) on SE Ridge Rd. Home is on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 4.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate
- Features: Laminate
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public, See Remarks, Shared Well
- Water/Sewer/Garbage: 100
- Power Company: PUD3
- Sewer Company: Septic
- Water Company: City of Shelton
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Post & Block
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- MLS Square Footage Source: owner
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 25
Lot Information
- Lot Details: Paved
- Lot Size Source: MLS
- Parcel Number Free Text: 320295101004
- Building Condition: Good
- Calculated Square Footage: 2500
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2500.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $250
- Total Expenses: 2891
- Gross Adjusted Income: 42600
- Gross Rent Multiplier: 13.7
- Gross Scheduled Income: $3,550
- Insurance Expense: $881
- Net Operating Income: $36,156
- Other Expenses: $0
- Total Monthly Income: 3850
- Fuel Expense: $0
Unit 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1000
- Rent Unit 1: $1,400.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1000
- Rent Unit 2: $1,300.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 500
- Rent Unit 3: $850.00
- Bedrooms Unit 3: 0
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2500.0
- Leasable Area Units: Square Feet
Property History for 1818 Olympic Highway South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1818 Olympic Highway South
Taxable ValueLand$26,960Additions$158,385Total$185,345
Tax Record2023$1,795 ($150 / month)
Home Facts
Total Finished SqFt1,738 SqFtAbove Ground SqFt1,738 SqFtStories1Lot Size10,019 SqFtStyleDuplexYear Built1940CountyMASONAPN32029-51-01004
Schools near 1818 Olympic Highway South
This home is within Shelton School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Bordeaux Elementary School PublicK to 4 | ||
Olympic Middle School Public5 to 6 | ||
Oakland Bay Junior High School Public7 to 8 | ||
Shelton High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of AgencyOne
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
