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$4,450,000

For Sale

A day ago

MLS® 2493118

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $22,097
Days Active 1
Lot Size 1.24 acres
Approx. Age 1970
MLS® Number 2493118

Property Address: 1100 S Pearl St, Centralia, WA, 98531-2346

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2493118
Laundry Level
Central VacNo
FireplaceNo
Acreage1.24
Exterior
GarageNo
Approx. Age1970
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$4,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
1100 S Pearl St, Centralia, WA

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