1100 S Pearl Street, Centralia, WA 98531 | MLS #NWM2493118 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Windermere Northwest LivingNWMLSas Distributed by MLSGrid- MLS# NWM2493118MLS Provider

1100 S Pearl StreetCentralia, WA 98531

Multi-Family · 21,216 Sq. ft. | 1.24 Acres
$3,999,000 Active

1100 S Pearl Street Overview

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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.

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1100 S Pearl Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 21,216
  • Price/Sq.ft. $188
  • Lot 1.24 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Centralia

Income/Expenses

  • Other Expense: 55207
  • Electric Expense: 3281
  • Fuel Expense: 0
  • Gross Scheduled Income: 459560
  • Insurance Expense: 24388
  • Net Operating Income: 311289
  • Total Expenses: 148271
  • Total Monthly Income: 35783
  • Water/Sewer/Garbage: 42337

Building Information

  • New Construction: No
  • Year Built: 1970

Location/Region

  • Country: US
  • County Or Parish: Lewis
  • MLS Area Major: 426 - Centralia
  • Subdivision Name: Centralia

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $23,058.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 001934014000
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 21216
  • Building Area Units: Square Feet
  • Calculated Square Footage: 21216
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 21216
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 36
  • Parking Uncovered Total: 36

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Community Golf Course
  • Lot Size Acres: 1.24
  • Lot Size Square Feet: 54014
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood Products
  • Number Of Units Total: 0
  • Sewer: Sewer Connected

1100 S Pearl Street Neighborhood

Community

98531 (Centralia) Demographics

39
Median Age
190
Population Density (per sq. mile)
29%
College Educated
$45,972
Estimated Median Income
6,278
Estimated Total Home Owners
4,275
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1100 S Pearl Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1100 S Pearl Street Market Data

Based on the last 30 days in this zip code

$449,156
Average List Price
$252
Average Price per Square Foot
31
Properties Sold
92
Average Days on Market
177
Properties for Sale
Calculations provided by Reliance Network

1100 S Pearl Street History

Date Event Value Agent
5/26/2026Source: NWMLS Price Reduction
$3,999,000 -5.9%
4/27/2026Source: NWMLS Price Reduction
$4,250,000 -2.3%
3/31/2026Source: NWMLS Price Reduction
$4,350,000 -2.2%
3/16/2026Source: NWMLS Added to Database
March 16, 2026