522 N Iron Street, Centralia, Washington 98531

WA, Centralia
$3,050,000
  • 23,641 Sqft
  • Residential Income Property Type
  • 1926 Year Built
  • Expired Status
Property Description

HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don’t miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2396701
  • Price: $3,050,000
  • View: City,Territorial
  • Square Footage: 23,641 Sqft
  • Year Built: 1926
  • Lot Area: 0.68 Acre
  • Status: Expired
  • Office Name: Kidder Mathews
  • Agent Name: Brian Richardson
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Carport Spaces: 37
  • Exterior Features Stucco, Cement/Concrete
  • Flooring Carpet, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Lewis
  • City Centralia
  • Zipcode 98531
  • Street: Iron
  • Street Number: 522
  • Street Suffix: Street
  • Longitude: W123° 2' 40.7''
  • Latitude: N46° 43' 16.7''
  • Directions: From I-5, take Harrison Ave Exit, exit #82, take Harrison Ave toward W 1st St, turn right on F St, turn left on W Hanson St, then immediately turn right onto N Iron St.
  • Mls Area Major: 426 - Centralia
  • Street Dir Prefix: N
Neighborhood
  • High School District: Centralia
Additional Information
  • Water Source: Public
  • Stories Total: 3
  • Possible Use: Commercial,Multi-Family,Residential
  • On Market Date: 2025-06-23
  • Number Of Units Total: 4
  • Lot Features: Paved, Curbs, Sidewalk, Corner Lot
  • Foundation Details: Poured Concrete
  • Construction Materials: Concrete, Stucco
Financial
  • Tax Annual Amount: 15960
Listing Information
  • Co List Agent Full Name: Dan Swanson
  • Co List Agent Mls Id: 38720
  • Co List Office Mls Id: 128
  • Co List Office Name: Kidder Mathews
  • List Agent Mls Id: 42995
  • List Office Mls Id: 128
  • Listing Term: Cash Out,Conventional,Rehab Loan
  • Mls Status: Expired
  • Modification Timestamp: 2025-10-23T07:17:12Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-10-23T07:15:55Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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