Turnkey Multi-family property. All one level strong rental income. An incredibly rare offering - this 36 unit apartment complex features a single-level design spread over a spacious lot, ideal for low-maintenance management and broad tenant appeal. All one bedroom units, on-site laundry, tenant parking, well-maintained grounds. This is a solid income-producing property. The single-level design minimizes maintenance and maximizes efficiency-making this a smart choice for investors seeking stability and scale. All units currently rented.
Active
Listed by:
Hartwell T Saunders,
Coldwell Banker Bain
$5,000,000
1100 S Pearl Street, Centralia, WA 98531
36beds
36baths
21,216sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$4,709,500 Zestimate®
$236/sqft
$-- HOA
What's special
Tenant parkingOn-site laundryWell-maintained groundsSpacious lot
- 161 days |
- 176 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: November 15, 2025 at 04:55pm
Listed by:
Hartwell T Saunders,
Coldwell Banker Bain
Source: NWMLS,MLS#: 2409142
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 36
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 21,216
- Total interior livable area: 21,216 sqft
Video & virtual tour
Property
Parking
- Total spaces: 56
- Parking features: Open
- Uncovered spaces: 56
Lot
- Size: 1.24 Acres
- Features: Corner Lot
Details
- Parcel number: 001934014000
- Zoning description: Commercial,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1970
- Major remodel year: 1976
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Centralia
Location
- Region: Ridgefield
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $2,537,200
- Annual tax amount: $19,857
- Date on market: 8/2/2025
- Cumulative days on market: 157 days
- Listing terms: Cash Out,Conventional
Estimated market value
$4,709,500
$4.47M - $4.94M
$1,298/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/16/2025 | Listed for sale | $5,000,000$236/sqft |
Source:  NWMLS #2409142 Report a problem | ||
| 11/10/2025 | Pending sale | $5,000,000$236/sqft |
Source:  RMLS (OR) #440304472 Report a problem | ||
| 7/29/2025 | Listed for sale | $5,000,000+168.9%$236/sqft |
Source: RMLS (OR) #440304472 Report a problem | ||
| 1/12/2016 | Sold | $1,859,329$88/sqft |
Source: NWMLS #865409 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $22,930 +38.2% | $2,537,200 |
| 2023 | $16,596 -25.6% | $2,537,200 +12.3% |
| 2021 | $22,308 +11.5% | $2,259,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$29,080/mo
Principal & interest
$24663
Property taxes
$2667
Home insurance
$1750
Climate risks
Neighborhood: 98531
Nearby schools
GreatSchools rating
- 3/10Jefferson Lincoln Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Centralia Middle SchoolGrades: 7-8Distance: 1.9 mi
- 5/10Centralia High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Middle: Centralia Mid
- High: Centralia High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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