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1602 King Street, 
Shelton, WA 98584

$425,000

—

Bed

—

Bath

1,848

Sq Ft

Multi-Family

Active

Listed by

Lisa Le

, 

Marius Ion

Compass

Last updated:

March 5, 2026, 11:51 PM

MLS#

2487541

Source:

NWMLS

About This Home

1602 King Street

Presenting a fully occupied 1,848 SF DUPLEX on a generous 14,810 SF lot, currently operating as transitional housing with strong potential for future conversion into market-rate rentals. This property generates an impressive $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.

Home Facts

Multi-Family

Built in 1975

Price Summary

425,000

$229 per Sq. Ft.

MLS #:

2487541

Last Updated:

March 5, 2026, 11:51 PM

Rooms & Interior

Interior

Living Area:

1,848 Sq. Ft.

Structure

Structure

Building Area:

1,848 Sq. Ft.

Year Built:

1975

Lot

Lot Size (Sq. Ft):

9,356

Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$229 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 6, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.