703 W Railroad, Shelton, WA, 98584
About This Home
Rare mixed-use investment opportunity in the heart of downtown Shelton! This versatile property offers incredible flexibility for investors, owner-users, or entrepreneurs looking to establish a presence in a thriving downtown location. The upper level is currently occupied by long-term tenants who would love to stay, providing immediate rental income, but they are willing to vacate if a buyer prefers to occupy the space.The street-level commercial space offers endless possibilities, including retail, office, restaurant, studio, or service-based business. With excellent visibility, abundant street parking, and a prime downtown location, this property is well-positioned for a wide range of uses. MLS information does not fully reflect the property's restroom amenities. The building includes multiple toilets and several communal sinks.
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Slab
- Roof: Composition,Flat
- Construction materials: Stone
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dishwasher(s)
Basement
- Has basement: Yes
- Basement: None,Bath/Stubbed
Bathroom Full
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
- Main level bathrooms: 2
Bonus Room
- Level: Lower
Den Office
- Level: Lower
Dining Room
- Level: Second
Entry Hall
- Level: Main
Family Room
- Level: Second
Features
- Flooring: Hardwood
- Number of fireplaces: 2
- Fireplace features: Wood Burning,Lower Level: 1,Upper Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Baseboard,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 4,148
- Total interior livable area: 4,148 sqft
Kitchen With Eating Space
- Level: Second
Living Room
- Level: Second
Other
- Level: Second
Other
- Level: Main
Other
- Level: Main
Utility Room
- Level: Garage
Property
Details
- Parcel number: 320195111001
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Fireplace
- Topography of land: Level
Lot
- Lot size: 7,287 sqft
- Features: Corner Lot,Paved,Sidewalk,Cable TV,Gas Available,High Speed Internet,Patio
Parking
- Total spaces: 10
- Parking features: Attached Garage,Off Street
- Has garage: Yes
- Covered spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Coastal Flooding
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Mason County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,008 | $36,096 |
| Home Insurance * | $193 | $2,316 |
| Property Taxes | $700 | $8,400 |
| Electricity | $283 | $3,404 |
| Total | $4,184 | $50,208 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Price change | $575,000 |
| 2026-07-01 | Listed for sale | $595,000 |
| 2023-05-23 | Sold | $475,000 |
| 2023-02-24 | Pending sale | $499,999 |
| 2022-11-26 | Price change | $499,999 |
| 2022-11-21 | Price change | $524,999 |
| 2022-11-12 | Price change | $550,000 |
| 2022-11-05 | Price change | $599,000 |
| 2022-08-26 | Price change | $624,000 |
| 2022-08-20 | Listed for sale | $649,000 |
| 2022-01-18 | Sold | $550,000 |
| 2021-12-30 | Pending sale | $525,000 |
| 2021-12-24 | Listed for sale | $525,000 |
| 2016-01-08 | Sold | $75,000 |
| 2014-10-03 | Sold | $178,229 |
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