Property Details
509 W Cherry Street #507
Centralia, WA 98531
$439,950
Active
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Property Overview
Great Investment Opportunity! This duplex in Centralia offers strong income potential and flexibility for investors or owner-occupants. Each unit features comfortable living spaces, functional kitchens, and spacious bedrooms. Kitchen updates provide added appeal, while the generous lot offers fenced yard space and off-street parking. Conveniently located near shopping, dining, schools, and everyday amenities with easy access to major commuter routes. Whether you're looking to expand your portfolio, or live in one unit while renting the other, this property presents a valuable opportunity in a growing market. Don't miss the chance to invest in Centralia real estate. | Updated Kitchens | Newer Roof | Updated Flooring |Quartz Countertops | 1800 SQFT | 4 Beds | 2 Baths |
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Lewis
Neighborhood
Centralia
Listed
Jun 5, 2026
Structure Type
Duplex
Parcel Number
000444001000
Tax & HOA
Annual Property Tax
$2,915 (2025)
Est. Monthly Tax
$243/mo
Financial Summary
Cap Rate
8.40%
Net Operating Income
$42,350
Gross Scheduled Income
$43,200
Gross Rent Multiplier
10.18
Total Expenses
$3,765
Building & Use
Building Sq Ft
1,800
Leasable Area
1,800 sqft
Total Units
2
Lot Size
4,792 sqft
Year Built
1954
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1954
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
I-5 to Exit 82, turn E onto Harrison Ave, continue on for approximately 1 mile. Harrison Ave turns into Main St turn R on Yew St. Turn L on Mellen St Curve L onto Cherry. Duplex on L.
Location
City
Centralia
County
Lewis
Coordinates
46.71249, -122.96146
Additional Information
Tax Year
2025
Annual Taxes
$2,915
Possession
Array
Based on information submitted to the MLS GRID as of June 10, 2026 12:30 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.
