For Sale144d on market
509 W B Street
Shelton, WA, 98584 • 98584 • Mason County
$375,000
6.2 acLot
Property DNA
Territorial Views
Territorial
Res-Over 1 Acre Style
Res-Over 1 Acre architecture
Mountain View
98584
Market activity
Demand and pricing signals for this listing
58 views
People checking out this listing
1 saves
Buyers have saved this home
144 days on market
Established listing
About this home
Lot
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!
Estimated monthly payment
Based on current rates
$2,340/month
Principal & Interest$1,840
Property Tax$375
Insurance$125
Down payment20% ($75,000)
3%50%
Est. 6.21% rate · 30yr fixed · $300,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleRes-Over 1 Acre
Systems
Water / SewerIn Street, Jurisdiction: City of Shelton / In Street
Parking & Outdoor
Lot6.22 Acres
Location & Tax
Neighborhood98584
Annual tax$1,276
Parcel420241500960
Features & details
4 categories of property features
Exterior Features
Lot Features
Paved
Lightly Treed
Partially Cleared
Views
Territorial
Utilities
Electricity Available
Natural Gas Available
Gas
Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market144
Est. rent$1,566/mo
Tax rate0.63%
On marketNov 10, 2025
PostedNov 11, 2025
Last sold$290,000
MLS statusActive
MLS updatedFeb 27, 2026
Tour days6
Views58
Favorites1
How are the schools in Shelton?
3 schools rated nearby
Location
Shelton, WA, 98584
Price history
4 events
DateEventPrice$/sqftSource
Nov 11, 2025Listed For Sale$375,000—NWMLS as distributed by MLS GRID
Jun 14, 2025Listing Removed$409,000—John L Scott Real Estate
Dec 13, 2024Listed For Sale$409,000—John L Scott Real Estate
May 15, 2020Sold$290,000—NWMLS as distributed by MLS GRID
Listed For Sale$375,000
Nov 11, 2025•NWMLS as distributed by MLS GRID
Listing Removed$409,000
Jun 14, 2025•John L Scott Real Estate
Listed For Sale$409,000
Dec 13, 2024•John L Scott Real Estate
Sold$290,000
May 15, 2020•NWMLS as distributed by MLS GRID
Tax history
7 years of records
YearTax paidAssessed value
Apr 5, 2020$1,459$101,040
Apr 5, 2018$1,459$114,750
Apr 5, 2017$1,333$114,750
Apr 5, 2016$1,917$114,750
Apr 5, 2015$1,772$114,750
Apr 5, 2014$1,743$108,000
Apr 5, 2013$1,743$101,250
Nearby homes
Neighborhood details
Local context around this listing
Shelton, WA • Mason County
Nearby cities
AllynBelfairElmaGrapeviewHoodsportLilliwaupMatlockShelton
Nearby zip codes
98546985609858498592
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-05 11:24:51 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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