1100 S Pearl Street, Centralia, WA 98531

Centralia
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: paul young
Office: windermere northwest living
MLS#:2493118
Source:NWMLS
1100 S Pearl Street,Centralia, WA 98531
$4,250,000
  • - Beds
  • - Baths
  • 21,216 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,250,000
  • Price per sq. ft.:$200.32

About this home

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.

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Home facts

  • Year built:1970
  • Listing ID #:2493118
  • Updated:May 16, 2026 at 11:01 AM

Rooms and interior

  • Living area:21,216 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1970
  • Building area:21,216 sq. ft.
  • Lot area:1.24 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,250,000
  • Price per sq. ft.:$200.32
  • Tax amount:$22,097 (2026)

Parking

  • Total parking spaces:36
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