Listed by RE/MAX Country, Bought with Coldwell Banker Voetberg RE
$515,000
SOLD AUG 31, 2021

111 W 3rd St Centralia, WA 98531

-- Bed
-- Bath
1,872 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$275 Per Sq Ft

3% Below List Price

50 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • Partially Fenced Property
  • Territorial View
  • Property is in very good condition

About This Home

As of August 2021

Searching for a turnkey investment? Check out this recently updated rental complex located in the heart of Centralia minutes from I5 w/5 units & long-term tenants. Brand new roof, gutters & Hardie plank siding w/a fresh coat of paint. Tenants can relax on their balcony w/new railings or in the fully fenced courtyard. Units feature recently replaced windows & blinds, doors, laminate floors & new appliances. New Electrical wiring throughout, individually metered by unit, w/new switches, outlets, light sockets & wall heaters. New water heater in kitchen w/new cabinets. Complex hosts coin-operated Laundry generating $150/m. Over 6% Cap Rate & Yearly Gross of over 41k/y. Opportunities like this don't come around often, don't miss out to invest!

Last Agent to Sell the Property

Cynthia Schmier

RE/MAX Country License #13574 Listed on: 05/17/2021

RE/MAX Country

Last Buyer's Agent

DALE PEROZZO

Coldwell Banker Voetberg RE License #130057

Coldwell Banker Voetberg RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1768213

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,746

Year Built

  • Built in 1935

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Territorial Views

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Edison Elementary School
  • Centralia Mid Middle School
  • Centralia High School

Additional Features

  • Deck
  • High Speed Internet

Community Details

  • Railroad Condos
  • Centralia Subdivision

Listing and Financial Details

  • Tax Lot 12-16
  • Assessor Parcel Number 001648000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,746

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
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Railroad
  • New Construction: No
  • CalculatedSquareFootage: 1872
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: NOT A SHORT SALE OR BANK OWNED
  • Special Features: None
  • Cumulative Days on Market: 373

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • SewerCompany: City of Centralia
  • WaterCompany: City of Centralia
  • WaterSewerGarbage: 6387

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Centralia
  • High School: Centralia High
  • Middle Or Junior School: Centralia Mid

Lot Info

  • Parcel Number: 001648000000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: TAX ASSESSOR
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 12-16

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 3425

Multi Family

  • Gross Scheduled Income: 41100
  • Net Operating Income: 32123
  • Number Of Units Total: 5
  • Insurance Expense: 843
  • Leasable Area: 1872
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1746

MLS Schools

  • Elementary School: Edison Elem

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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 Change Sq Ft Price
07/28/2025 07/28/25 Pending -- -- --
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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1768213

Northwest Multiple Listing Service (NWMLS)