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1100 S Pearl Street, Centralia, WA 98531

Centralia
Local realty services provided by:CENTURY 21 North Homes Realty
Listed by: paul young
Office: windermere northwest living
MLS#:2493118
Source:NWMLS
1100 S Pearl Street,Centralia, WA 98531
$3,999,000
  • - Beds
  • - Baths
  • 21,216 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,999,000
  • Price per sq. ft.:$188.49

About this home

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.

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Home facts

  • Year built:1970
  • Subdivision & Development:Centralia
  • Listing ID #:2493118
  • Updated:August 31, 2026 at 11:39 AM

Rooms and interior

  • Living area:21,216 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1970
  • Building area:21,216 sq. ft.
  • Lot area:1.24 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,999,000
  • Price per sq. ft.:$188.49
  • Tax amount:$23,058 (2026)

Parking

  • Total parking spaces:36
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 31, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Michael Killmer

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