Courtesy: Kidder Mathews
360-705-2800
Brian Richardson
FULL MARKETING PACKAGE IN SUPPLEMENTS. 500 Hillkress combines renovated apartments, a convenient Centralia location, and several avenues for income growth. The two-story building features brick veneer, four approximately 750-square-foot apartments, a basement, shared on-site laundry, off-street parking, and a separately rented garage. Improvements include a comprehensive 2016 remodel with updated kitchens and bathrooms, full electrical rewiring and new panels, approximately 98% new plumbing, a replacement membrane roof, thermal double-pane windows, and two gas water heaters installed in 2020. Residents benefit from a very walkable setting with access to downtown shops and dining, Centralia College, parks, and the Amtrak station, while nearby I-5 connects the property to regional employment centers. Healthcare, education, manufacturing, and distribution employers provide a broad potential renter base. An investor will benefit from opportunities from lease-timed rent increases, utility recovery, and additional use of basement or garage space, subject to city approval. Estimated to return 10.5% cash-on-cash under the Year 1 pro forma, giving investors a compelling reason to explore the financial analysis and income-growth strategy.
Courtesy: BHGRE - Northwest Home Team
360-345-1006
Teresa Wentworth
Whether you're looking to invest or owner-occupy, this charming duplex is full of opportunity! Situated on a spacious corner lot in a highly desirable neighborhood, this well-maintained property offers a strong rental history and an ideal layout. Each unit features 2 generously sized bedrooms, 1 full bath, and comfortable living spaces designed for everyday living. Recent updates include a newer roof and plumbing, providing added peace of mind. A detached garage, ample off-street parking, and close proximity to schools, shopping, restaurants, and everyday amenities make this a standout investment. Live in one unit and rent the other, or add this turnkey duplex to your investment portfolio!
Courtesy: On Point Real Estate
360-740-4101
S Scott Horner
Right in the very heart of Ford's Prairie !! Two 3 bedroom 2 bath units plus a craft room (or storage room) inside the fenced patio. No wonder the existing tenants have been there for years. This is a quiet residential neighborhood, but just minutes away from I-5, schools, the Port of Centralia, Borst Park, Safeway, restaurants etc. Everything your tenants need to stay put in these units. Pocket the 4.4% cap rate income and take advantage of real estate appreciation and income tax depreciation allowance. We don't want to unduly disturb the tenants, so viewing and inspections must be scheduled after mutual agreement on price and terms.
Courtesy: Dove Realty, Inc.
253-565-3683
Kyle Graham
Versatile property offering a well-maintained duplex and expansive shop on nearly one acre in Centralia. Each single-story unit features 2 bedrooms, 2 bathrooms, updated windows, all appliances, separate septic systems, and individual power meters. The impressive 30' x 48' shop with a 24' x 36' extension is separately metered and equipped with two 14-foot doors, two 12-foot doors, and one 8-foot door, providing flexibility for storage, workspace, equipment, vehicles, RVs, or other permitted uses. Attractive landscaping, a partially fenced yard, and independent utilities enhance the functionality of this unique property. Whether seeking multi-unit housing, additional space for business or hobby needs, or future rental opportunities, this property offers a variety of potential uses in a peaceful Centralia setting.
Courtesy: John L. Scott CNT
360-736-9939
LauraLee Zuber Titus
Investment Opportunity – Charming Duplex Near DowntownDon’t miss this fantastic investment opportunity! This property features two adorable studio-style duplex units, each approximately 350 sq. ft. Despite their compact size, both units offer a spacious kitchen, large bathroom, and a comfortable living area—perfectly designed for efficient, cozy living.Enjoy relaxing on the front porch, surrounded by a fully fenced yard that includes an amazing greenhouse, multiple raised garden beds, and a large outbuilding—ideal for storage, a workshop, or even a chicken coop.With a strong rental history, these well-maintained units could make excellent long-term rentals or a great Airbnb opportunity. Recent updates include a new roof and gutters, adding peace of mind for years to come.Located on a large lot within walking distance to downtown shopping, restaurants, schools, and conveniently on the bus line—this property combines comfort, convenience, and versatility at an affordable price.
Courtesy: Gateway Real Estate
253-904-1500
Shelley Hansen
Duplex with flexibility, income potential, and plenty of space! This well-maintained property offers an excellent opportunity for investors or owner-occupants looking to offset their mortgage. Live in one unit and rent the other, or lease both for potential rental income. With 1,924 sq ft of combined living space, each unit features 2 spacious bedrooms, 1 full bathroom, a comfortable living area, and its own private garage. Set on a generous, level 18,731 sq ft lot, the property provides an expansive outdoor area with room for gardening, recreation, or future possibilities (buyer to verify). Thoughtfully cared for over the years, the duplex also features a newer roof installed in 2019. A versatile property offering space, convenience, and long-term potential—don’t miss this unique investment opportunity!
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Centralia is located in Washington. Centralia, Washington has a population of 17,988. Centralia is more family-centric than the surrounding county with 27.11% of the households containing married families with children. The county average for households married with children is 26.85%.
The median household income in Centralia, Washington is $43,860. The median household income for the surrounding county is $60,581 compared to the national median of $69,021. The median age of people living in Centralia is 37.3 years.
The average high temperature in July is 77.8 degrees, with an average low temperature in January of 34.7 degrees. The average rainfall is approximately 49.6 inches per year, with 5.6 inches of snow per year.
