$5,000,000

1100 S Pearl St Centralia, WA 98531

Estimated payment $28,317/month

Total Views 2,879
6 Beds
6 Baths
21,216 Sq Ft
$236 Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Facilities
  • 1-Story Property
  • Baseboard Heating
  • Wood Siding

About This Home

Turnkey Multi-family property. All one level strong rental income. An incredibly rare offering - this 36 unit apartment complex features a single-level design spread over a spacious lot, ideal for low-maintenance management and broad tenant appeal. All one bedroom units, on-site laundry, tenant parking, well-maintained grounds. This is a solid income-producing property. The single-level design minimizes maintenance and maximizes efficiency-making this a smart choice for investors seeking stability and scale. All units currently rented.

Listing Agent

Hartwell Saunders

Coldwell Banker Bain Brokerage Phone: 360-574-5060 License #81069 Listed on: 07/29/2025

Coldwell Banker Bain

Co-Listing Agent

Pamela Saunders

Coldwell Banker Bain Brokerage Phone: 360-574-5060 License #18545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,938

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 1.24 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 21,216 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 56 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Centralia Middle School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 001934014000

Community Details

Overview

  • 36 Units
  • Rose Galvins Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $150,370
  • Gross Income $386,695
  • Net Operating Income $236,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,938

Year Built

Built in 1970 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 5000000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 56.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Middle Or Junior School: Centralia

Lot Info

  • Zoning: Com
  • Lot Size Acres: 1.24
  • Lot Size Sq Ft: 54014.0
  • Parcel #: 001934014000

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 22938.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 36
  • Gross Rent Multiplier: 12.93
  • Annual Gross Income: 386695.0
  • Property Net Operating Income: 236325.0
  • Annual Operating Expense: 150370.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2025 11/16/25 For Sale $5,000,000 0.0% $236 / Sq Ft
11/09/2025 11/09/25 Pending -- -- --
07/29/2025 07/29/25 For Sale $5,000,000 -- $236 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 440304472

Regional Multiple Listing Service (RMLS)