1100 S Pearl StreetCentralia, WA 98531
Listing courtesy of Paul Young of Windermere Northwest Living
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$20,303Excellent 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.
| 3 days ago | Listing updated with changes from the MLS® | |
| 3 days ago | Listing first seen on site |
Listing courtesy of Paul Young of Windermere Northwest Living
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-03-19 04:26 AM PDT
"We listed our house on a Thursday
and by Sunday we had two formal
offers and a third that was
interested if the others fell through.
This company will continue to disrupt
the Realtor space in a very positive
way. We couldn't be more
impressed and satisfied."
Tyler G.
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