Property Details
1100 S Pearl Street
Centralia, WA 98531
$4,250,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Lewis
Neighborhood
Centralia
Listed
Mar 16, 2026
Original Price
$4,450,000
Financial Summary
Cap Rate
6.82%
Net Operating Income
$303,589
Gross Scheduled Income
$416,392
Gross Rent Multiplier
9.36
Total Expenses
$125,804
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
21,216
Leasable Area
21,216 sqft
Lot Size
1.24 acres
Year Built
1970
Exterior & Lot
Lot Size
1.24 sqft
Year Built
1970
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Community Golf Course
Exterior Features
Wood Products
Location
City
Centralia
County
Lewis
Coordinates
46.70422, -122.96042
Additional Information
Tax Year
2026
Annual Taxes
$22,097
Possession
Array
Based on information submitted to the MLS GRID as of April 27, 2026 9:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
