Listed by TRELORA Realty, Inc.
$640,000

111 W 3rd St Centralia, WA 98531

Estimated payment $3,827/month

Total Views 6,459
5 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Turnkey 5-unit multifamily investment property in Centralia, WA, near the desirable Edison District. This well-maintained property is in a high-demand area with long-term value. Just minutes from downtown shopping, dining, and amenities. Features four spacious identical 1-bedroom units and one smaller 1-bedroom unit, high ceilings, big windows, on-site laundry, ample parking as well as a large fenced yard with possibility for expansion. Strong rental history with reliable tenants. Ideal for new or seasoned investors seeking steady income. Financials available upon request. Significant upgrades completed between 2017-2019, including new roof, siding, paint, plumbing, electrical, windows, and doors.

Listing Agent

Alexis Martz

TRELORA Realty, Inc. License #22021025 Listed on: 03/21/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2346325

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,143

Year Built

  • Built in 1935

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 68 x 125

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Territorial Views
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • No Home Owners Association
  • Railroad Add Condos
  • Centralia Subdivision

Listing and Financial Details

  • Legal Lot and Block 12-16 / 34
  • Assessor Parcel Number 001648000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,143

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1935
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: RAILROAD ADD
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Stories: 0
  • Cumulative Days on Market: 83

Interior Features

  • Total Bedrooms: 5
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 7714

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Centralia

Lot Info

  • Parcel Number: 001648000000
  • Lot Size Acres: 0.2
  • Lot Size: 68 X 125
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: TAX ASSESSOR
  • ZoningJurisdiction: City
  • LotNumber: 12-16

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 5675

Multi Family

  • Gross Scheduled Income: 68040
  • Net Operating Income: 53034
  • Number Of Units Total: 5
  • Insurance Expense: 4147
  • Leasable Area: 1872
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3143

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
04/30/2025 04/30/25 For Sale $640,000 0.0% --
04/23/2025 04/23/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $640,000 0.0% --
04/11/2025 04/11/25 Pending -- -- --
03/21/2025 03/21/25 For Sale $640,000 +24.3% --
08/31/2021 08/31/21 Sold $515,000 -2.8% $275 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $529,900 0.0% $283 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $529,900 +171.7% $283 / Sq Ft
06/21/2018 06/21/18 Sold $195,000 -15.2% $104 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $230,000 0.0% $123 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $230,000 -- $123 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2346325

Northwest Multiple Listing Service (NWMLS)