101 S 1st Street, Shelton, WA 98584

Property Description

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 local movie theater, and a range of downtown amenities. Importantly, Shelton offers a more affordable cost of living and rental environment relative to nearby Olympia and other South Sound markets, supporting consistent demand from residents seeking value without sacrificing access or convenience. With walkable access to the transit center and strong visibility along South 1st Street, the property is well positioned to capture stable, long-term tenant demand from both local renters and those priced out of higher cost surrounding areas.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 12:22AM

Listing Office:

Westlake Associates, Inc. : 206-505-9400

Listing Agent:

Reid Jones : 206-505-9400

MLS ID:

2472205

Interior

• Flooring: LaminateVinyl PlankCarpet
• A/C: None
• Heating: BaseboardHot Water Recirc Pump
• Fireplace: Fireplaces: 0

Exterior

• General: Cement/ConcreteWood
• Parking: Parking spaces: 8

Construction

• Roofing: Flat
• General: 56 - 10+ Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Shelton
• County: Mason

Lot

• Zoning: 320195015008

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls