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$4,450,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by Paul Young | Windermere Northwest Living | (360) 636-4663

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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.

Full Property Details for 1100 S Pearl St

General

  • Price: $4,450,000
  • Taxes: $22,097 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2493118
  • Updated: 3/16/2026
  • Added to Site: 2 day(s) ago

Parking

  • Uncovered Spaces: 36

Location

  • Area: 426 - Centralia
  • County: Lewis
  • Subdivision: Centralia
  • Driving Directions: Use GPS

School Information

  • High School District: Centralia

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 21,216
  • Year Built: 1970

Lot Features

  • Lot Size (Acres): 1.24
  • Lot Size (Sq. Ft.): 54,014
  • Lot Size Source: Assessor
  • Lot Features: Community Golf Course

Financial Considerations

  • Tax Amount: $22,097
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1934014000

Listed by Paul Young | Windermere Northwest Living | (360) 636-4663

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Price & Sales History for 1100 S Pearl St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/16/2026
Listed
$4,450,000
105.72%
MLS
1/08/2016
Sold
$2,163,142
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1100 S Pearl St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$22,930
3%
$2,537,200
12%
2021
$22,308
7%
$2,259,200
-11%
2023
$20,807
4%
$2,537,200
12%
2020
$20,004
11%
$2,259,200
41%
2020
$17,966
-4%
$1,600,000
—
2019
$18,704
-12%
$1,600,000
—
2018
$21,359
32%
$1,600,000
-16%
2017
$16,170
98%
$1,909,700
140%
2016
$8,167
-10%
$796,000
—
2015
$9,053
4%
$796,000
—
2014
$8,707
—
$796,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Paul Young | Windermere Northwest Living | (360) 636-4663

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Recent Sales near 1100 S Pearl St

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1100 S Pearl Street, Centralia, WA 98531 (MLS# 2493118) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 1100 S Pearl Street is currently listed for $4,450,000 and was received on March 16, 2026. Want to learn more about 1100 S Pearl Street? Do you have questions about finding other Multi-Family real estate for sale in Centralia? You can browse all Centralia real estate or contact a Coldwell Banker agent to request more information.

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