1807 N Tower Avenue, Centralia, WA 98531

$524,900
1,920
SqFt

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Listing courtesy of Premiere Property Group, LLC.

List Price
$524,900
Status
ACTIVE
MLS#
2509145
Price Change
▼ $15,100 1782421994
Days on Market
95
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,920
Area Total SqFt
1920
Annual Tax Ammount
3811
Lot Size (sq ft)
9,583
Sewer
Septic Tank

Property Description

Rare Centralia Investment Opportunity with Shops & Garages! Hard-to-find duplex in the heart of Centralia offering flexibility, income potential, and exceptional utility. Each unit features 960 sq ft of living space, with one side offering 2 bedrooms and 1 bath, and the other 2 bedrooms and 1.5 baths—ideal for owner-occupants or investors looking to maximize rental appeal. Current rental income is $2,345/month ($1,275 and $1,070) with rents currently below market, creating future upside potential for investors seeking increased cash flow over time. Both units include attached one-car garages, providing convenience and added value. What truly sets this property apart are the two large shops with additional covered parking—a rare bonus in this market. One shop measures 20x30 with an attached 2-car carport, while the second spans 22x32 with an attached 3-car carport—perfect for hobbyists, contractors, storage, or possible additional income opportunities. The shops, garages, and covered parking spaces offer flexibility that is difficult to find in comparable multifamily properties. Recent exterior paint completed in 2026 enhances curb appeal and reduces immediate maintenance costs. Whether you're looking to live in one unit and offset your mortgage, or add a strong income-producing property with future upside to your portfolio, this property delivers versatility and long-term potential.

Additional Information

List Date
2026-04-22 16:13:14
Community
Centralia
Net Operating Income
$19,851
Gross Adjusted Income
$28,140
Gross Scheduled Income
$28,140
Total Monthly Income
$2,645
Insurance Expenses
$1,106
Gross Rent Multiplier
19
Total Expenses
$8,289
Cap Rate
3.7
Total Number of Units
2
Unit Name
1807
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1972
Roof
Composition
Site Features
Fenced-Fully, Shop
Electric Expenses
619
Other Expenses
2753
Energy Source
Electric
School District
Centralia
Elementary School
Oakview Elem
Middle School
Centralia Mid
High School
Centralia High
Total Monthly Income
$2,645
Gross Scheduled Income
$28,140
Gross Adjusted Income
$28,140
Tax Year
2025
Insurance Expense
$1,106
Total Expenses
$8,289
Net Operating Income
$19,851
Gross Rent Multiplier
19
Cap Rate
3.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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