Listed by Windermere Centralia, Bought with Keller Williams South Sound
NOT LISTED FOR SALE

127 W 1st St Centralia, WA 98531

Estimated Value: $504,107 - $556,000

8 Beds
8 Baths
4,256 Sq Ft
$125/Sq Ft Est. Value

Last Sold September 14, 2015

Last sale price $230,000 $54 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,842/month

24 Days on Market

Highlights

  • Corner Lot
  • Wall to Wall Carpet
  • 1-Story Property
  • High Speed Internet

About This Home

As of September 2015

Awesome Opportunity to build retirement with this Multi-Family property. With 7 rental units in 4 buildings (3 duplexes & 1 single unit), long-time tenants, easy care maintenance, motivated seller and a great location, don't miss out. Management currently handled by property management firm who may continue if desired for easy transition or do it yourself for additional income. Seller willing consider all reasonable offers & decisions are made quickly. Call to arrange your visit today.

Last Agent to Sell the Property

Kelvin Wallin

Windermere Centralia License #104705 Listed on: 06/23/2015

Windermere Centralia

Last Buyer's Agent

Laurie Rhyan

Keller Williams South Sound License #96411

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 809085

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,804

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 4,256 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Edison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001051001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,804

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1950
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4256
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Centralia
  • SewerCompany: Centralia
  • WaterCompany: Centralia
  • WaterSewerGarbage: 0

Schools

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

Lot Info

  • Parcel Number: 001051001000
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 2995

Multi Family

  • Gross Scheduled Income: 35940
  • Net Operating Income: 33136
  • Number Of Units Total: 7
  • Leasable Area: 4256
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2804

MLS Schools

  • Elementary School: Edison Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2025
Sold by
Terry & Jayne Parpart Revocable Living T and Parpart Terry
Bought by
Jc Nw Properties Llc
Current Estimated Value
$479,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$450,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$80,054

Purchase Details

Closed on
Nov 5, 2019
Sold by
Parpart Terry L and Parpart Jayne E
Bought by
Parpart Terry L and Parpart Jayne E

Purchase Details

Listed on
Jun 23, 2015
Closed on
Sep 1, 2015
Sold by
Assemblies Of God Foundation
Bought by
Parpart Terry and Parpart Jayne
Seller's Agent
Kelvin Wallin
Windermere Centralia
Buyer's Agent
Laurie Rhyan
Keller Williams South Sound
List Price
$275,000
Sold Price
$230,000
Premium/Discount to List
-$45,000
-16.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$172,500
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2012
Sold by
Sapp Robert Lee and Sapp Marie E
Bought by
Assemblies Of God Foundation and Robert L & Marie E Sapp Charitable Remai

Purchase Details

Closed on
Nov 19, 2012
Sold by
Sapp Dan L and Sapp Leitha Rae
Bought by
Assemblies Of God Foundation and Dan L & Leitha Rae Sapp Charitable Remai

Purchase Details

Closed on
Nov 21, 2011
Sold by
Sapp Robert Lee
Bought by
Sapp Robert Lee and Sapp Marie E

Purchase Details

Closed on
Nov 4, 2011
Sold by
Sapp Danny Lee
Bought by
Sapp Robert Lee
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Jc Nw Properties Llc $600,000 Lewis County Title
Parpart Terry L -- None Available
Parpart Terry -- Lewis County Title
Assemblies Of God Foundation -- None Available
Assemblies Of God Foundation -- None Available
Sapp Robert Lee -- None Available
Sapp Robert Lee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jc Nw Properties Llc $450,000
Previous Owner Parpart Terry $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2015 09/14/15 Sold $230,000 -16.4% $54 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/25/2015 06/25/15 For Sale $275,000 -- $65 / 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
2025 $3,629 $553,500 $196,000 $357,500
2024 $3,629 $553,500 $196,000 $357,500
2023 $4,547 $553,500 $196,000 $357,500
2022 $4,131 $417,500 $128,500 $289,000
2021 $3,395 $417,500 $128,500 $289,000
2020 $4,448 $382,500 $128,500 $254,000
2019 $3,782 $395,600 $128,500 $267,100
2018 $3,648 $323,000 $104,500 $218,500
2017 $2,762 $273,300 $104,500 $168,800
2016 $2,529 $273,300 $104,500 $168,800
2015 $2,634 $246,500 $84,000 $162,500
2013 $2,634 $246,500 $84,000 $162,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 809085

Northwest Multiple Listing Service (NWMLS)

APN: 001051-001-000