Property Details
1807 N Tower Avenue
Centralia, WA 98531
$540,000
Active
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Property Overview
Rare Centralia Investment Opportunity with Shops & Garages! Hard-to-find duplex in the heart of Centralia offering flexibility, income potential, and exceptional utility. Each unit features 960 sq ft of living space, with one side offering 2 bedrooms and 1 bath, and the other 2 bedrooms and 1.5 baths—ideal for owner-occupants or investors looking to maximize rental appeal. Current rental income is $2,345/month ($1,275 and $1,070) with rents currently below market, creating future upside potential for investors seeking increased cash flow over time. Both units include attached one-car garages, providing convenience and added value. What truly sets this property apart are the two large shops with additional covered parking—a rare bonus in this market. One shop measures 20×30 with an attached 2-car carport, while the second spans 22×32 with an attached 3-car carport—perfect for hobbyists, contractors, storage, or possible additional income opportunities. The shops, garages, and covered parking spaces offer flexibility that is difficult to find in comparable multifamily properties. Recent exterior paint completed in 2026 enhances curb appeal and reduces immediate maintenance costs. Whether you're looking to live in one unit and offset your mortgage, or add a strong income-producing property with future upside to your portfolio, this property delivers versatility and long-term potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Lewis
Neighborhood
Centralia
Listed
Apr 22, 2026
Structure Type
Duplex
Parcel Number
2768021001
Tax & HOA
Annual Property Tax
$3,811 (2025)
Est. Monthly Tax
$318/mo
Financial Summary
Cap Rate
3.70%
Net Operating Income
$19,851
Gross Scheduled Income
$28,140
Gross Rent Multiplier
19.00
Total Expenses
$8,289
Building & Use
Building Sq Ft
1,920
Leasable Area
1,920 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
9,583 sqft
Year Built
1972
Exterior & Lot
Lot Size
0.22 sqft
Year Built
1972
Garage
7 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Paved
Exterior Features
Wood Products
Community & Access
Directions
North 507- Right on Fremont Ave, Left on N Tower Ave duplex on left hand side.
Location
City
Centralia
County
Lewis
Coordinates
46.73724, -122.95280
Additional Information
Tax Year
2025
Annual Taxes
$3,811
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
