1100 S Pearl StreetCentralia, WA 98531
Listing courtesy of Paul Young of Windermere Northwest Living
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.
| a week ago | Listing updated with changes from the MLS® | |
| a week ago | Listing first seen on site |
Listing courtesy of Paul Young of Windermere Northwest Living
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Last checked: 2026-03-24 06:49 PM PDT