Comptroveby RentSpire

THE COVES

940 FAIRMOUNT AVE, Shelton, WA, 98584

subsidized 60 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $667. Average effective rent: $667.

TypeAsking rentEffective rentAvg sqftObservations
1 bedroom$585$5855951
2 bedroom$665$6657491
3 bedroom$750$7508981

HUD Fair Market Rent gap

HUD area: Mason County, WA.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

Managed by AD-WEST REALTY SERVICES, INC.

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://www.cascade-management.com/property/the-coves/details — 3 observation(s), last observed Jul 27, 2026.

Data age: 21 days. Last observed: Jul 27, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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