$3,999,000
 $21,467 est/mo Sourced by Back At You

1100 S Pearl Street,Centralia, WA 98531

Centralia, WA 98531

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Description

Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.

Details

MLS #2493118
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site162
Listing Provided ByWindermere Northwest Living | Paul Young

Features

SQ Feet21,216
Story(s)1
Acreage1.24
Golf CourseYes

Taxes

Property23058

Area Information

StateWA
CountyLewis
CityCentralia
Zip Code98531
Area426 Centralia
Community NameCentralia
Listing VS Median (in Centralia)
Price:
$3,999,000
low | high
Med:
$414,900
100% of Average
sqft:
21,216
low | high
Med:
2,344
100% of Average
$ / sqft:
$188
low | high
Med:
$177
56.093007893612% of Average
On site:
162
low | high
Med:
25
100% of Average
Sourced by Back At You

Market Activity 98531

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Learn More About This Property

StateWA
CountyLewis
CityCentralia
Zip Code98531
Area426 Centralia
Community NameCentralia
Listing VS Median (in Centralia)
Price:
$3,999,000
low | high
Med:
$414,900
100% of Average
sqft:
21,216
low | high
Med:
2,344
100% of Average
$ / sqft:
$188
low | high
Med:
$177
56.093007893612% of Average
On site:
162
low | high
Med:
25
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2026 at 11:42:30 AM PDT