Listed by Urban Commercial Partners, LLC
NOT LISTED FOR SALE

1510 Lewis St Centralia, WA 98531

-- Bed
-- Bath
15,296 Sq Ft
0.87 Acres

Last Sold June 28, 2022

Last sale price $3,200,000 $209 Per Sq Ft

10 Days on Market

About This Home

As of June 2022

Situated on Plummer Lake, the "Lakeview" apartment community is a one of-a-kind opportunity to own a quality renovated asset in one of the fastest growing markets in the Puget Sound. Offering an in-place 5% CAP Rate, Lakeview provides an incoming investor the ability to complete a value-add project while simultaneously generating cash-flow, a rare find in the PNW region, with potential to reach a 7% or higher cap rate once market operations are achieved. Tenants have access to spacious grounds and ample parking. Historically low vacancy rate with quality long-term tenants. Convenient location, easy access to I-5 and main arterials.

Last Agent to Sell the Property

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464 Listed on: 02/25/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1894179

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,066

Year Built

  • Built in 1970

Lot Details

  • 0.87 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 15,296 Sq Ft Home
  • 2-Story Property

Parking

  • 42 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Main Street Garden S Condos
  • Centralia Subdivision

Listing and Financial Details

  • Tax Lot 00300404100
  • Assessor Parcel Number 003004041000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,066

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1970
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Main Street Garden S
  • New Construction: No
  • CalculatedSquareFootage: 15296
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Open Parking Spaces: 30
  • Open Parking: Yes
  • Total Parking Spaces: 42
  • ParkingUncoveredSpaces: 30

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 35869

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Centralia

Lot Info

  • Parcel Number: 003004041000
  • Lot Size Acres: 0.87
  • Lot Size Sq Ft: 37897
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 00300404100

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.5
  • LeasedItems: None
  • TotalMonthlyIncome: 23835

Multi Family

  • Gross Scheduled Income: 286020
  • Net Operating Income: 143977
  • Number Of Units Total: 25
  • Electric Expense: 500
  • Insurance Expense: 12000
  • Leasable Area: 15296
  • EnergySource: Electric
  • UnitsInBuildingTotal: 25
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 38066
  • AdditionalTaxIds: 13600

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/28/2022 06/28/22 Sold $3,200,000 +6.7% $209 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $3,000,000 -- $196 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Bretz, CCIM

    Seller's Agent in 2022

    Tyler Bretz, CCIM

    Urban Commercial Partners, LLC

    (206) 734-7347

    6 Total Sales

    Tyler Bretz, CCIM
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1894179

Northwest Multiple Listing Service (NWMLS)
Washington Lewis County Centralia 98531

1510 Lewis St, Centralia, WA

This home is located at 1510 Lewis St, Centralia, WA 98531 since 25 February 2022. This property was built in 1970. 1510 Lewis St is a home located in Lewis County with nearby schools including Centralia Middle School, Centralia High School, and Evergreen Academy of Arts & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes