$310,000
Est. $1,571/mo509 W B Street, Shelton, WA 98584
• Listed 2025-11-11•53 days on market
Talk to a local RexMont expert
Avg response under 5 mins
Rare development and investment opportunity in the heart of Mason county! This parcel is 6.22 acres and zoned for six duplexes totaling 12 future units. Whether you want to just do the development phase and sell the project from there or take it from infrastructure to rental portfolio - you can't go wrong. Ideal location near shopping, schools & amenities all while being on a quiet street. Preliminary plat approval was issued 5/15/23 and is valid for 5 years - 2028. Developer will need to construct civil improvements and have them approved/accepted by the city to get the final plat issued. Selling for less than $65k/duplex making this a killer investment!
Open houses
No upcoming open houses scheduled for this property.
$205,000
-$105,000 under list price
Nearby comparable homes
RexMont uses 4 strongest recent nearby sales, priced between $164K and $271K.1 outlier sale was excluded from this snapshot.
Rental earnings
$625/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$164,000Last sold price
1212 W Railroad Avenue, Shelton, WA 98584
$175,000Last sold price
128 Stevens Street, Shelton, WA 98584
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
509 W B Street, Shelton, WA 98584
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$1,755 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
More homes in this area that match your range.
$325,000
1233 W Birch Street, Shelton, WA 98584
Isaiah Johnston · Realty One Group Bold
$329,000
617 W H Street, Shelton, WA 98584
Randy Churchill · Richard Beckman Rlty Group LLC
$375,000
306 E H Street, Shelton, WA 98584
Marti Baker · MVP Realty Group
$319,950
211 W Harvard Avenue, Shelton, WA 98584
Bob McCarthy · Better Homes and Gardens RE PC
$209,950
6 Donder Road, Shelton, WA 98584
Jennifer Rutledge · Richard Beckman Rlty Group LLC
$169,500
11 Donder Road, Shelton, WA 98584
Krisy Henry · Windermere RE/Himlie
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of April 21, 2026 at 10:07am (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Paige Miller • Real Broker LLC
Listing updated: April 21, 2026 at 10:07am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2453645
$319,500
80 E Tamarack Lane, Shelton, WA 98584
Jef Conklin · Windermere RE/Himlie
Shelton is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 24 days.
$610,500 Sold
4 weeks ago
4 bd•1 ba
505 S 8th, Shelton, WA 98584
5%
Under list
—
Days on market
0.6 mi
Distance
$475,000 Sold
6 weeks ago
6 bd•3 ba•~3,220 sq ft•Single Family
522 N 3rd Street, Shelton, WA 98584
5%
Under list
—
Days on market
0.9 mi
Distance
$299 Sold
2 months ago
•Single Family
117 N 8th Street #500, Shelton, WA 98584
0%
Over list
—
Days on market
0.6 mi
Distance
$290,000 Sold
2 months ago
2 bd•1 ba•~792 sq ft•Single Family
127 W Alder Street, Shelton, WA 98584
6%
Under list
—
Days on market
0.9 mi
Distance
$440,000 Sold
6 months ago
4 bd•1.5 ba•~2,396 sq ft•Single Family
705 Terrace Boulevard, Shelton, WA 98584
6%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Shelton School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
