Lewis Homes with 56 - 10+ Units Style

Lewis Homes with 56 - 10+ Units Style

Located in Lewis County, Washington, the city of Centralia offers a charming and picturesque setting for those looking to invest in real estate. With its rich history and natural beauty, Centralia has become a sought-after destination for homebuyers and investors alike.

One of the popular styles of homes in Centralia is the Homes with 56 - 10+ Units style. These properties are ideal for those who are looking to invest in multi-family housing or are seeking a larger living space. With a variety of unit sizes available, these homes offer flexibility and the potential for a steady rental income.

Centralia's real estate market is diverse, offering a range of properties to suit different budgets and preferences. Whether you're looking for a cozy apartment in a bustling neighborhood or a spacious family home in a peaceful suburban area, Centralia has something to offer.

Aside from its real estate offerings, Centralia boasts a vibrant community with a thriving arts and culture scene. The city is home to numerous parks, trails, and outdoor recreational areas, making it an ideal place for nature enthusiasts. Additionally, Centralia is known for its friendly residents and strong sense of community, making it a welcoming place to call home.

If you're considering investing in real estate in Centralia, the Homes with 56 - 10+ Units style offers an excellent opportunity for both financial growth and a comfortable living environment. With its beautiful surroundings and diverse range of properties, Centralia is a place where dreams can become a reality.

Newest Lewis Homes with 56 - 10+ Units Style

$10,250,000
2495226 MLS ⋅ ACTIVE Status
Cascade School Apartments is a 51-unit historic adaptive-reuse multifamily community originally built in 1922 and thoughtfully redeveloped through 2024–2025, blending timeless architecture with modern residential upgrades. Designed by Tacoma-based firm Hill, Mock & Griffin, the property features high ceilings, expansive windows, and durable construction that create a distinctive living environment rarely found in today’s market. Supported by federal historic tax credits and a property tax reduction, the asset offers an attractive basis, reduced near-term Cap Ex, and improved long-term cash flow stability. Located in the heart of downtown Chehalis along the I-5 corridor between Seattle and Portland, the property benefits from strong regional connectivity, walkable access to local amenities, and a supply-constrained market supported by ongoing downtown revitalization. With four-sided site access, dual entry points, future development potential on the 2.08-acre site, and possible expansion through additional unit development (buyer to verify), Cascade School Apartments presents a rare opportunity to acquire a stabilized, tax-advantaged historic asset with differentiated product and embedded upside.

101 SW 2nd St, Chehalis

Listing courtesy of Lee & Associates Commercial RE.

$3,999,000
2493118 MLS ⋅ ACTIVE Status
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.

1100 S Pearl Street, Centralia

Listing courtesy of Windermere Northwest Living.

$3,159,000
2473278 MLS ⋅ ACTIVE Status
Stabilized 11 unit Class A townhome style multifamily portfolio consisting of three triplexes and one duplex, constructed in 2021 and offered together as a single asset. The property has a consistent operating history with strong rental demand, predictable cash flow, and is fully occupied with historically zero vacancy. Clean, verifiable financials.Units feature modern layouts and finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, LED lighting throughout, ductless mini split heating and air conditioning, high speed internet, private garages, and private patios for each unit. Low near term capital requirements due to newer construction. 18 on site parking spaces and well maintained landscaping supported by an automated irrigation system.High quality, low maintenance multifamily portfolio with convenient I-5 corridor access, centrally located between Seattle and Portland, and close to schools, hospital, college, and everyday amenities. Detailed financials available upon execution of NDA.

1409 1412, 1413, 1414 Nora Lane, Centralia

Listing courtesy of RE/MAX Premier Group.

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