Centralia, IL Multifamily Homes & Duplexes for Sale

/25
$365,400
- 3 Beds
- 6,530 Sq Ft
223 N Broadway, Centralia, IL 62801

Investment opportunity awaits with this partially renovated apartment complex. In addition to the recent exterior renovation, there is currently one of six units completed leased and occupied. Unit 1 has the intended design for a kitchen, family room, utility room and 1-bedroom on the main level and 2-bedrooms with a shared full bath on the upper level. Unit 2 is the completed and occupied unit

Alan Owen

Coldwell Banker Allen & Geary

(618) 437-7236

223 N Broadway, Centralia, IL 62801
/34
$35,000
- 3 Beds
- 4 Baths
- 2,600 Sq Ft
236 S Cherry St, Centralia, IL 62801

Great investment opportunity. 3 Unit building. Each unit is metered separately. Recently cleaned and replaced door frames, some door slabs and all locks and deadbolts. Schedule your showing today!

Jessie Goodin RE/MAX Preferred

236 S Cherry St, Centralia, IL 62801
/3
$35,000
- 4 Beds
236 S Cherry St Unit 1,2,3, Centralia, IL 62801

This Triplex is ripe with potential, with two units having 1 bedroom and 1 bath, and a third unit with 2 bedrooms and 1 bath. Some work has already been done to the units, with updates needed to maximize the potential.

Derek Eisenberg Continental Real Estate Group

236 S Cherry St Unit 1,2,3, Centralia, IL 62801
/23
$365,000 New Construction
- 9 Beds
- 1,144 Sq Ft
117 N Morrison St, Centralia, IL 62801

INVESTMENT OPPORTUNITY!!! 3 freshly built rentals ready for new ownership. All homes are 3 bed 2 bath ranch homes that were designed with functionality in mind and laminate flooring throughout. On demand water heaters in all 3 homes. Currently homes are leased month to month for 1200/mo. Per seller: Tenants have never missed a payment. All appliances owned by the seller excluding the washer and

Anna Lange SOMER REAL ESTATE

117 N Morrison St, Centralia, IL 62801
/47
$48,000
- 4 Beds
- 2 Baths
- 2,278 Sq Ft
226 N Lincoln Blvd Unit 1, Centralia, IL 62801

This Parcel has two single family homes on it. Each unit has 2 bedrooms, 1 bathroom. Substantial repairs are needed, great rehab project or investment property.

Timothy Ratajczyk Keller Williams Marquee

226 N Lincoln Blvd Unit 1, Centralia, IL 62801

Illinois Centralia

Why Live in Centralia

Centralia, Illinois, is a rural city known for its iconic 165-foot carillon tower, the eighth largest globally, and its vibrant annual hot air balloon festival that draws tens of thousands of visitors. Despite facing challenges such as a declining population and limited employment opportunities, primarily in manufacturing and healthcare, Centralia is undergoing a revitalization led by local entrepreneurs. The city boasts a mix of historic home styles, including turn-of-the-century bungalows, Queen Annes, and Minimal Traditionals, with new housing options emerging through downtown apartment conversions. Outdoor enthusiasts can enjoy kayaking and fishing on Raccoon Lake and Lake Centralia, while parks like Foundation Park offer trails and disc golf. Centralia's downtown is experiencing a resurgence, with specialty shops, restaurants, and green spaces like Bell Tower Park enhancing the area. The city is also proud of its high school basketball team, the Orphans, one of the most successful programs in the country. Transportation options include Amtrak services and Illinois Route 161, which connects to St. Louis, 62 miles away.

Learn more about living in Centralia

Home Trends in Centralia, IL

On average, homes in Centralia, IL sell after 48 days on the market compared to the national average of 51 days. The median sale price for homes in Centralia, IL over the last 12 months is $112,292, up 16% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$112,292

Median Single Family Sale Price

$115,000

Average Price Per Sq Ft

$85

Number of Homes for Sale

Last 12 months Home Sales

160

Months of Supply

3.80

Median List Price

$129,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

16%

How to Buy a Home How to Finance a Home How to Sell a Home

In Centralia, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $35,000 to $365,400, there's a range to accomodate every budget. As of July, 2025 the median home price in Centralia is $129,900, while the average sale price is $133,269, offering insights into the local housing market. On average, multi-family homes spend 48 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Centralia, IL.

Centralia Types of Homes for Sale

More About Living in Centralia

Homes in Nearby Counties

Marion County Homes for Sale

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