Listed by eXp Realty
NOT LISTED FOR SALE

902 B St Centralia, WA 98531

-- Bed
-- Bath
3,756 Sq Ft
0.3 Acres

Last Sold July 19, 2024

Last sale price $800,000 $213 Per Sq Ft

20 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Wall to Wall Carpet
  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

As of July 2024

A Rare opportunity to own this 8 unit Multifamily property in a charming city near all amenities. You can expect a consistent and attractive rental income, bolstering your investment portfolio and supporting your financial goals. You will be pleased with the high occupancy rate as the demand for 1 bedroom units in this area is high, ensuring a low to almost zero Vacancy rate and stable tenant base. Reap the benefit of the appreciation potential as you bring the property up to its potential with cosmetic updates and minor repairs. Secure your financial freedom with this exceptional property that promises ongoing returns and a vibrant community lifestyle for its residents. Don't miss out- Explore this Rare real Estate Opportunity today.

Last Agent to Sell the Property

Patty Ceja

eXp Realty License #19015 Listed on: 04/18/2024

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2218003

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,112

Year Built

  • Built in 1977

Lot Details

  • 0.3 Acre Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,756 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Centralia Subdivision

Listing and Financial Details

  • Legal Lot and Block 13,14,15,16 / 38
  • Assessor Parcel Number 001683002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,112

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3756
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Post & Block, Poured Concrete
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: centralia city
  • SewerCompany: Centralia
  • WaterCompany: Centralia City

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: 001683002
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: county
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 13,14,15,16

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.75
  • LeasedItems: None
  • TotalMonthlyIncome: 4950

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7112
  • AdditionalTaxIds: 001683002

Multi Family

  • Number Of Units Total: 8
  • Electric Expense: 120
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Edison Elem

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Sold $800,000 -5.9% $213 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $850,000 -- $226 / 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 $3,377 $515,000 $28,000 $487,000
2023 $3,556 $432,700 $28,000 $404,700
2022 $2,217 $223,700 $40,000 $183,700
2021 $1,723 $223,700 $40,000 $183,700
2020 $1,866 $193,700 $38,500 $155,200
2019 $1,942 $165,500 $32,500 $133,000
2018 $2,042 $165,500 $32,500 $133,000
2017 $1,546 $153,000 $32,500 $120,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2218003

Northwest Multiple Listing Service (NWMLS)