522 N Iron Street, Centralia, WA 98531

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by:brian richardson
Office:kidder mathews
MLS#:2396701
Source:NWMLS
522 N Iron Street,Centralia, WA 98531
$3,050,000
  • - Beds
  • - Baths
  • 23,641 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$3,050,000
  • Price per sq. ft.:$129.01

About this home

HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don't miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market

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Home facts

  • Year built:1926
  • Listing ID #:2396701
  • Updated:September 27, 2025 at 07:50 PM

Rooms and interior

  • Living area:23,641 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1926
  • Building area:23,641 sq. ft.
  • Lot area:0.68 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,050,000
  • Price per sq. ft.:$129.01
  • Tax amount:$15,960 (2025)
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