Duplex with Shops and
For Sale
$524,900
1807 N Tower Ave, Centralia, WA 98531
Two distinct units are paired with attached garages, large shops, and covered parking.
Property Size1,920 SF
Price / SF$273.39
Days on Market49
Property Features for 1807 N Tower Ave
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Financials
Gross Income
$28,140
Average Monthly Rent
$1,172
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
shops
Building Details
Year Built
1972
Listing Agency:
Premiere Property Group LLC
Listed By:
Christine Johnson Sundby
(360) 909-1322
Source:
Wyndeekono
Added: Aug 30
Changed: Oct 1
Last Checked: Oct 16 at 12:47PM
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 Premiere Property Group LLC
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Investment Insights
Based on property information with market context.
This duplex at 1807 N Tower Ave in Centralia, WA, includes two 960-square-foot residences with different bath configurations. One unit offers two bedrooms and one bathroom, while the other has two bedrooms and 1.5 bathrooms. Each residence includes an attached one-car garage.
The property also provides two detached shop structures with attached covered parking. One shop measures 20 x 30 feet and includes a two-car carport; the other measures 22 x 32 feet and has a three-car carport. These additional structures create substantial storage and work space alongside the residential units. Exterior paint was completed in 2026.
The property also provides two detached shop structures with attached covered parking. One shop measures 20 x 30 feet and includes a two-car carport; the other measures 22 x 32 feet and has a three-car carport. These additional structures create substantial storage and work space alongside the residential units. Exterior paint was completed in 2026.
Key Highlights
- Two 960‑square‑foot duplex units
- Unit mix includes 2 bedrooms and 1 bath; 2 bedrooms and 1.5 baths
- Attached one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,532
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,640
$410.6K
Cap Rate 7%
$293,314
$293.3K
Cap Rate 9%
$228,133
$228.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$31.1K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.3K $15.28/SF
− OpEx
−$8.8K −$4.58/SF
NOI
$20.5K $10.69/SF
Area
Lewis County, WA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,640
Cap Rate 7%
$293,314
Cap Rate 9%
$228,133
Alternative Uses
Best Use
Multifamily LT 5
$293.3K
$256.7K – $342.2K
NOI $20,532 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$270.6K
$236.8K – $315.7K
NOI $18,940 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$585.6K
$512.4K – $683.2K
NOI $40,993 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
128
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units are paired with attached garages, large shops, and covered parking.
Where is this duplex located?
The property is located at 1807 N Tower Ave Centralia, WA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two 960‑square‑foot duplex units; Unit mix includes 2 bedrooms and 1 bath; 2 bedrooms and 1.5 baths; Attached one‑car garage for each unit
