Set up high in the Capital Hill area of Shelton above Oakland Bay is this great opportunity for investors, developers or new homeowners who want a lot of space! The house itself is in need of some TLC and is being sold *As-is* BUT is sitting on 3 city lots! The lots can be converted back to 3 parcels, and this is where the value comes in! A new owner could renovate the current house to sell and build 2 new ones on the vacant lots OR renovate the house and sell the extra lots, OR renovate the house and hang on to the whole parcel for future value. There are many opportunities here. The land in total is .41 acres, just up the hill from town amenities. The house has so much character and a unique floor plan with original hardwoods, wood framed windows, trim & accents. Its mainly deferred maintenance on the exterior that needs attention. On the main floor you have one bedroom or office space, a full bath, separate laundry room, kitchen/dining/living room. Upstairs has the primary room with walk-in closet and huge sun room with windows looking out into the trees. A 2nd bedroom and jack-and-jill bathroom are also on the upper level. Outside there is a 2 car garage, carport parking, huge wooden deck for outside entertaining, fruit trees and space for gardening.