Historic Downtown Apartment
For Sale
Contact for pricing
Pending
117 W Magnolia St, Centralia, WA 98531
Historic downtown multifamily building features 54 residential units plus seven commercial units and substantial event space.
Property SizeContact for details
Days on Market144
Property Features for 117 W Magnolia St
General Information
Standard status
Pending
Total Parking Spaces
18
Property subtype
Multifamily
Additional Details
Multifamily Units
54
Building Details
Tenancy
Multi
Listing Agency:
Realty World Cosser & Associates
Listed By:
Dave Cosser · License #9381
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 31 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty World Cosser & Associates
Investment Insights
Based on property information with market context.
The Lewis and Clark Hotel is a meticulously maintained historic apartment building with 54 units, including 55 and over housing, and a five-year HUD contract through 2027. The property’s lobby includes original terrazzo flooring, preserving the building’s historic charm. In addition to the residential component, the building includes seven commercial units, a 4,700-square-foot event space with original hardwood flooring, and an additional 2,300-square-foot bar. A 10,000-square-foot basement provides additional usable space, along with 18 parking spaces.
Set in Historic Downtown Centralia between Portland and Seattle, the property is described as within walking distance of a park, library, shopping, bus lines, and entertainment.
With both residential and income-producing commercial/event space on-site, the building offers a mixed-use configuration centered on downtown Centralia.
Set in Historic Downtown Centralia between Portland and Seattle, the property is described as within walking distance of a park, library, shopping, bus lines, and entertainment.
With both residential and income-producing commercial/event space on-site, the building offers a mixed-use configuration centered on downtown Centralia.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
54
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 98531, WA
26,669
Population
11,070
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
129.2 sq mi
ZIP Area
206
Density / Sq Mi
$61,963
Median Household Income
$37,330
Median Earnings
$1,068
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic downtown multifamily building features 54 residential units plus seven commercial units and substantial event space.
Where is this apartment building located?
The property is located at 117 W Magnolia St Centralia, WA.
What are key features of this property?
This property features: 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
