1100 S Pearl Street, Centralia, WA 98531

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 4:20AM

Listing Office:

Windermere Northwest Living : 360-636-4663

Listing Agent:

Paul Young : 360-636-4663

MLS ID:

2493118

Interior

• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products
• Parking: Parking spaces: 36

Construction

• Roofing: Composition
• General: 56 - 10+ Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Centralia
• County: Lewis

Lot

• Zoning: 001934014000

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls