Listed by eXp Realty, Bought with Best Choice Realty LLC
$435,000
SOLD JAN 6, 2025

116 W Pear St Centralia, WA 98531

5 Beds
3 Baths
2,913 Sq Ft
7,272 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

8% Below List Price

Highlights

  • RV Access or Parking
  • Corner Lot
  • Patio
  • Territorial View
  • No HOA
  • Forced Air Heating System

About This Home

As of January 2025

Downtown Centralia duplex for sale with a strong rental history & consistent cash flow. Commercially zoned. Roof & Plumbing done around 2010. Fresh Paint in 2019. Electrical switched from knob & tube in 1995. Unit 1 offers 1,853 sq ft, 3 beds, 2 baths, 2 living areas, ample storage, parking for 2, laundry, & large unfinished basement, all with great long-term tenants. Unit 2, 1,121 sq ft, 2 beds, 1 bath, walk-in closet, driveway parking, inviting kitchen nook, & fantastic tenants. With a 5% down payment multi-family loan program, it's perfect for house hacking or a solid long term investment. Ask your lender for more details! Walking distance to Centralia Community College, downtown restaurants.

Last Agent to Sell the Property

Michael Severeid

eXp Realty License #123739 Listed on: 06/06/2024

eXp Realty

Last Buyer's Agent

Gurinder Dhillon

Best Choice Realty LLC License #22024748

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2249118

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,133

Year Built

  • Built in 1925

Lot Details

  • 7,272 Sq Ft Lot
  • Dog Run
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,913 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Centralia Mid Middle School
  • Centralia High School

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Centralia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001008000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,133

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1925
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2913
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block, Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Centralia
  • WaterCompany: City of Centralia
  • WaterSewerGarbage: 2918

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 001008000000
  • Lot Size Acres: 0.1669
  • Lot Size Sq Ft: 7272
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dog Run,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.77
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 3025

Multi Family

  • Gross Scheduled Income: 36300
  • Net Operating Income: 26747
  • Number Of Units Total: 2
  • Insurance Expense: 1502
  • Leasable Area: 2913
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5133

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jan 2, 2025
Sold by
Dhudwal Anantdeep Kaur
Bought by
Dhudwal Harnek
Seller's Agent
Michael Severeid
eXp Realty
Buyer's Agent
Gurinder Dhillon
Best Choice Realty LLC
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%
Views
81
Current Estimated Value
$463,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,861
Avg. Annual Appreciation
0.93%

Purchase Details

Listed on
Jun 6, 2024
Closed on
Dec 31, 2024
Sold by
Gillespie Michael L and Gillespie Julie M
Bought by
Dhudwal Harnek
Seller's Agent
Michael Severeid
eXp Realty
Buyer's Agent
Gurinder Dhillon
Best Choice Realty LLC
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%
Views
81

Purchase Details

Listed on
Aug 22, 2018
Closed on
Aug 16, 2018
Sold by
Lincoln Robert G and Lincoln Vaneice M
Bought by
Gillespie Michael L and Gillespie Julie M
Seller's Agent
Bill Downey
RE/MAX Key Land Co.
Buyer's Agent
Bill Downey
RE/MAX Key Land Co.
List Price
$234,000
Sold Price
$234,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$175,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2006
Sold by
Myhr Michael C
Bought by
Lincoln Robert G and Lincoln Vaneice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,200
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Warranty Deed $435,000 Fidelity National Title
Warranty Deed $234,000 Lewis County Title
Warranty Deed $296,500 Title Guaranty
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $175,500 New Conventional
Previous Owner $237,200 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $435,000 -6.5% $149 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
07/18/2024 07/18/24 Price Changed $465,000 -2.1% $160 / Sq Ft
06/06/2024 06/06/24 For Sale $475,000 +103.0% $163 / Sq Ft
08/22/2018 08/22/18 Sold $234,000 0.0% $80 / Sq Ft
08/22/2018 08/22/18 For Sale $234,000 -- $80 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,678 $561,100 $70,000 $491,100
2023 $4,808 $585,300 $70,000 $515,300
2022 $5,133 $519,000 $87,700 $431,300
2021 $3,949 $519,000 $87,700 $431,300
2020 $4,241 $445,100 $84,400 $360,700
2019 $3,607 $377,100 $71,300 $305,800
2018 $3,364 $308,000 $58,000 $250,000
2017 $2,547 $252,000 $58,000 $194,000
2016 $2,556 $252,000 $58,000 $194,000
2015 -- $249,100 $64,000 $185,100
2013 -- $249,100 $64,000 $185,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2249118

Northwest Multiple Listing Service (NWMLS)

APN: 001008-000-000