522 N Iron Street

Centralia, WA 98531

  • Bed

  • Bath

  • 23641 SqFt

  • 0 DOM

  • Built: 1926

  • Status: Active

$3,150,000

X

522 N Iron Street

Centralia 98531

$3150000

  • Bed

  • Bath

  • 23641 SqFt

  • 0 DOM

  • Built: 1926

  • Status: Active

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Keith McCue

Principal Broker

(503) 816-7074

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

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Residence Information

  • 23641

  • Composition

  • 56 - 10+ Units

  • 1926

  • Poured Concrete

  • Basement, Coin Op Lau

Features and Utilities

  • Laminate

  • Cement/Concrete, Stucco

  • Public

  • Sewer Connected

  • 0

Financial

  • 15960

  • Cash Out, Conventional, Owner Financing, Rehab Loan

  • 06-23-2025

Comparable Information

  • 0

  • 0

  • Cash Out, Conventional, Owner Financing, Rehab Loan

  • $3,150,000

  • $3,150,000

  • Jun 23, 2025 13:05

Schools

Map

History

Date Event & Source Price
06-23-2025

Active(Listed)

MLS # NWM2396701

$3,150,000

Listing courtesy of Kidder Mathews.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Keithmccue Realty data last checked: Jun 23, 2025 10:16 | Listing last modified Jun 23, 2025 13:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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