Centralia, WA 98531 522 N Iron Street
$3,050,000
13 more
Presented By: Kidder Mathews and NWMLS
- MLS# 2396701
- 06/23/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 23,641
Home Details
HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don’t miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market
Presented By: Kidder Mathews and NWMLS
Interior Features for 522 N Iron Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 522 N Iron Street
AmenitiesBasement, Coin Op Laundry, Elevator, Fire Sprinklers, Thermal Windows
Building Area UnitsSquare Feet
Cap Rate6.74
Carport Spaces37
Carport Y/NNo
CityCentralia
CoolingNone
CountyLewis
DirectionsFrom I-5, take Harrison Ave Exit, exit #82, take Harrison Ave toward W 1st St, turn right on F St, turn left on W Hanson St, then immediately turn right onto N Iron St.
Electric Expense
Energy EfficientThermal Windows
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictCentralia
Insurance Expense20414
Leasable Area15392
Listing TermsCash Out, Conventional, Rehab Loan
Lot Size Square Feet29621
Lot Size UnitsSquare Feet
MLS Area426 – Centralia
ModificationTimestamp2025-08-26T19:28:12.907Z
NWM_ShowMapLinkY
Net Operating Income205652
New ConstructionNo
Number Of Units Total4
Open Parking Spaces37
PossessionClosing
Possible UseCommercial, Multi-Family, Residential
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksHILLVIEW 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 fu
RoofComposition
Security FeaturesPartially Fenced, Security Gate
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameCentralia
Tax Annual Amount15960
Tax Year2025
Units Below Gradefalse
ViewCity, Territorial
Water Sewer Garbage68091
Year Built1926
Zoning DescriptionCommercial, Multi-Family, Residential
Exterior for 522 N Iron Street
Building Area Total23641
Covered Spaces
Exterior AmenitiesCement/Concrete, Stucco
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.68
Parking Uncovered Spaces37
Site FeaturesCable TV, Fenced-Partially, Gas Available, Gated Entry, High Speed Internet, Sprinkler System
Total Parking37
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
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