Property Details
713 N Tower Avenue #A/B
Centralia, WA 98531
$350,000
Active
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Property Overview
Investment Opportunity – Charming Duplex Near DowntownDon’t miss this fantastic investment opportunity! This property features two adorable studio-style duplex units, each approximately 350 sq. ft. Despite their compact size, both units offer a spacious kitchen, large bathroom, and a comfortable living area—perfectly designed for efficient, cozy living.Enjoy relaxing on the front porch, surrounded by a fully fenced yard that includes an amazing greenhouse, multiple raised garden beds, and a large outbuilding—ideal for storage, a workshop, or even a chicken coop.With a strong rental history, these well-maintained units could make excellent long-term rentals or a great Airbnb opportunity. Recent updates include a new roof and gutters, adding peace of mind for years to come.Located on a large lot within walking distance to downtown shopping, restaurants, schools, and conveniently on the bus line—this property combines comfort, convenience, and versatility at an affordable price.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Lewis
Neighborhood
Centralia
Listed
Mar 24, 2026
Financial Summary
Cap Rate
5.12%
Net Operating Income
$16,189
Gross Scheduled Income
$20,400
Gross Rent Multiplier
17.16
Total Expenses
$4,211
Building & Use
Building Sq Ft
640
Leasable Area
640 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,663 sqft
Year Built
1925
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1925
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood
Location
City
Centralia
County
Lewis
Coordinates
46.72333, -122.95261
Additional Information
Tax Year
2026
Annual Taxes
$1,387
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 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.
