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    Centralia, WA Apartment Buildings for Sale

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    Historic Downtown Apartment Building
    Updated: Apr 11
    Historic Downtown Apartment Building

    117 W Magnolia St, Centralia, WA 98531

    Contact for pricing
    Historic downtown Centralia building with 54 residential units plus 7 commercial units
    5‑year HUD contract with term through 2027
    Includes 4,700 SF event space with original hardwood flooring, plus an additional 2,300 SF bar
    10,000 SF basement with 18 parking spaces and usable storage
    Original terrazzo flooring in the lobby, with original charm preserved throughout
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Centralia, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Mixed-Use Retail and Apartments
    Downtown Mixed-Use Retail and Apartments

    213 4th Ave E, Olympia, WA 98501

    $1,199,000
    6,000 sqft

    Street retail space with bar and commercial kitchen plus seven apartments, each with separate upper-floor entrances.

    View details
    42-Unit Apartment Community
    42-Unit Apartment Community

    10701-10702 109th Street SW, Lakewood, WA 98498

    $8,150,000
    39,340 sqft 3.00 AC lot

    Forty-two unit apartment community with 1-, 2-, and 3-bedroom layouts on 3+ acres.

    View details
    Iconic Tavern with Apartments Above
    Iconic Tavern with Apartments Above

    210 4th Ave E, Olympia, WA

    $1,825,000
    10,800 sqft 0.12 AC lot

    Tavern with commercial kitchen and 12 apartments above.

    View details
    Turnkey Lakewood Apartment Investment Opportunity
    Turnkey Lakewood Apartment Investment Opportunity

    5226 Chicago Avenue SW, Lakewood, WA 98499

    $4,000,000

    29-unit apartment community in Lakewood's Springbrook neighborhood.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Off-Market Properties in Centralia, WA

    Consider similar Off-Market properties in Centralia, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1104 Scammon Crk Rd
    APARTMENT HOUSE (5+ UNITS)

    1104 Scammon Crk Rd, Centralia, WA 98531-8814

    $895,000
    Estimated value
    1,660 sqft 4.89 AC lot
    View details
    701 Tower Ave
    APARTMENT HOUSE (5+ UNITS)

    701 Tower Ave, Centralia, WA 98531-2510

    Value Estimation by Request
    1,920 sqft 0.30 AC lot
    View details
    1009 Tower Ave
    APARTMENT HOUSE (5+ UNITS)

    1009 Tower Ave, Centralia, WA 98531-4904

    Value Estimation by Request
    2,483 sqft 0.15 AC lot
    View details
    724 Pearl St
    APARTMENT HOUSE (5+ UNITS)

    724 Pearl St, Centralia, WA 98531-4701

    Value Estimation by Request
    2,207 sqft 0.22 AC lot
    View details
    303 Pne St
    APARTMENT HOUSE (5+ UNITS)

    303 Pne St, Centralia, WA 98531-4201

    $1,320,000
    Estimated value
    17,796 sqft 0.45 AC lot
    View details
    Brotherson Rd
    APARTMENT HOUSE (5+ UNITS)

    Brotherson Rd, Centralia, WA 98531

    Value Estimation by Request
    6,560 sqft 0.62 AC lot
    View details
    1414 Alexander St
    APARTMENT HOUSE (5+ UNITS)

    1414 Alexander St, Centralia, WA 98531

    Value Estimation by Request
    View details
    1419 Alexander St
    APARTMENT HOUSE (5+ UNITS)

    1419 Alexander St, Centralia, WA 98531-1307

    Value Estimation by Request
    View details
    1100 Pearl St
    APARTMENT HOUSE (5+ UNITS)

    1100 Pearl St, Centralia, WA 98531-2346

    $1,885,000
    Estimated value
    12,000 sqft 1.24 AC lot
    View details
    1014 Scheuber Rd
    APARTMENT HOUSE (5+ UNITS)

    1014 Scheuber Rd, Centralia, WA 98531-1509

    $8,780,000
    Estimated value
    4,420 sqft 3.91 AC lot
    View details
    20333 Old Hwy 99th SW
    APARTMENT HOUSE (5+ UNITS)

    20333 Old Hwy 99th SW, Centralia, WA 98531-9680

    $545,000
    Estimated value
    3,084 sqft 0.57 AC lot
    View details
    125 Sawall W Ave
    APARTMENT HOUSE (5+ UNITS)

    125 Sawall W Ave, Centralia, WA 98531-9203

    Value Estimation by Request
    1,407 sqft 1.40 AC lot
    View details
    215 Rock St
    APARTMENT HOUSE (5+ UNITS)

    215 Rock St, Centralia, WA 98531-4366

    Value Estimation by Request
    2,673 sqft 0.16 AC lot
    View details
    509 Rock St
    APARTMENT HOUSE (5+ UNITS)

    509 Rock St, Centralia, WA 98531-4672

    $2,705,000
    Estimated value
    1,372 sqft 0.34 AC lot
    View details
    1509 Lewis St
    APARTMENT HOUSE (5+ UNITS)

    1509 Lewis St, Centralia, WA 98531-1234

    $2,760,000
    Estimated value
    896 sqft 0.50 AC lot
    View details
    1510 Lewis St
    APARTMENT HOUSE (5+ UNITS)

    1510 Lewis St, Centralia, WA 98531-1204

    $2,300,000
    Estimated value
    8,384 sqft 0.87 AC lot
    View details
    1205 Alder St
    APARTMENT HOUSE (5+ UNITS)

    1205 Alder St, Centralia, WA 98531-1004

    $865,000
    Estimated value
    5,646 sqft 0.17 AC lot
    View details
    219 Rock St
    APARTMENT HOUSE (5+ UNITS)

    219 Rock St, Centralia, WA 98531-4367

    Value Estimation by Request
    1,388 sqft 0.15 AC lot
    View details
    401 Ash St
    APARTMENT HOUSE (5+ UNITS)

    401 Ash St, Centralia, WA 98531-2863

    $2,465,000
    Estimated value
    2,850 sqft 1.70 AC lot
    View details
    214 Jackson St
    APARTMENT HOUSE (5+ UNITS)

    214 Jackson St, Centralia, WA 98531-2406

    Value Estimation by Request
    5,154 sqft 0.25 AC lot
    View details
    111 3rd St, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    111 3rd St, Centralia, WA 98531-4900

    Unit 1
    $515,000
    Estimated value
    1,872 sqft 0.20 AC lot
    View details
    404 Silver St, Unit 411
    APARTMENT HOUSE (5+ UNITS)

    404 Silver St, Centralia, WA 98531-3914

    Unit 411
    $815,000
    Estimated value
    2,344 sqft 0.11 AC lot
    View details
    918 Rotary Ln, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    918 Rotary Ln, Centralia, WA 98531-2224

    Unit 1
    $725,000
    Estimated value
    2,968 sqft 0.63 AC lot
    View details

    Centralia, WA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Centralia, WA on our real estate platform.

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    Demographics Overview

    Population 27K
    Population Growth (5Y) +8.3%
    Median Household Income $61,963
    College Educated 28.7%

    Taxes & Financing

    Tax Rate (average for all types) 0.76%
    Property Tax per SF $8.31 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Centralia fall within the 100,000+ square foot range.

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