$3,999,000
Est. $20,559/mo1100 S Pearl Street, Centralia, WA 98531
• Listed 2026-03-16•66 days on market
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Based on information submitted to the MLS GRID as of May 26, 2026 at 04:31pm (date and time MLS GRID Data was obtained). 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.
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Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.
Listed by Paul Young • Windermere Northwest Living
Listing updated: May 26, 2026 at 04:31pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2493118
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1100 S Pearl Street, Centralia, WA 98531
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Centralia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$433,990 Sold
8 weeks ago
3 bd•2.5 ba•~1,907 sq ft•Single Family
655 Salzer Creek Drive, Centralia, WA 98531
3%
Over list
—
Days on market
0.5 mi
Distance
$370,000 Sold
2 months ago
3 bd•2.5 ba•~1,482 sq ft•Single Family
322 S Diamond Street, Centralia, WA 98531
1%
Under list
—
Days on market
0.7 mi
Distance
$404,000 Sold
2 months ago
3 bd•2.25 ba•~1,586 sq ft•Single Family
1356 Salzer Creek Drive, Centralia, WA 98531
7%
Under list
—
Days on market
0.5 mi
Distance
$483,490 Sold
2 months ago
4 bd•2.25 ba•~2,447 sq ft•Single Family
679 Salzer Creek Drive, Centralia, WA 98531
7%
Over list
—
Days on market
0.5 mi
Distance
$500,000 Sold
2 months ago
5 bd•2.5 ba•~2,621 sq ft•Single Family
643 Salzer Creek Drive, Centralia, WA 98531
5%
Over list
—
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
