1100 S Pearl Street, Centralia, WA 98531 (MLS # 2493118)

Save to Favorites
 Print
 Share
Listing provided courtesy of Northwest MLS; Windermere Northwest Living

PRICE $4,450,000
BEDS 0
BATHS 0
HOME SIZE 21,216 sqft
LOT SIZE 1.24 ac
Request More Info Schedule a Showing
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.

LAST UPDATED 3/16/2026 TRACT Centralia
YEAR BUILT 1970 COMMUNITY Centralia
COUNTY Lewis STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 426 - Centralia
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 1.24 acre(s)
LOT DESCRIPTION Community Golf Course
MLS STATUS Active
STORIES 1
STYLE 56 - 10+ Units
SUBDIVISION Centralia
TAXES 22097
UTILITIES Sewer Connected

SATELLITE VIEW



 
CONTACT US ABOUT 1100 S PEARL STREET
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Steve Laevastu to contact you even if your name is on a Federal or State "Do not call List".

Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/17/26 5:07 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

DMCA Notice

  Logo

This IDX solution is (c) Diverse Solutions 2026.