Duplex with Private
For Sale
$475,000
3201 - 3203 Laurel Ln, Centralia, WA 98531
Two residential units provide separate living spaces, bathrooms, and garage access within a flexible income property.
Property Size1,924 SF
Lot Size0.43 Acres
Price / SF$246.88
Days on Market71
Property Features for 3201 - 3203 Laurel Ln
General Information
Standard status
Active
Size
1,924 SF
Total Parking Spaces
2
Lot size
0.43 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Gateway Real Estate
Listed By:
Shelley Hansen
(253) 904-1500
Source:
Nfrrealty
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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 Gateway Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 1,924 square feet of combined living area across two separate units. Each side offers two bedrooms, one full bathroom, practical living space, and a private garage. The property was built in 1968 and received a new roof in 2019.
The units sit on a level 18,731-square-foot lot at 3201–3203 Laurel Ln in Centralia, Washington. The substantial outdoor area supports a range of residential uses, including gardening and recreation, while providing space around the building. The two-unit configuration accommodates an owner-occupant arrangement or leasing both residences, subject to the buyer’s plans and applicable requirements.
The units sit on a level 18,731-square-foot lot at 3201–3203 Laurel Ln in Centralia, Washington. The substantial outdoor area supports a range of residential uses, including gardening and recreation, while providing space around the building. The two-unit configuration accommodates an owner-occupant arrangement or leasing both residences, subject to the buyer’s plans and applicable requirements.
Key Highlights
- Two‑unit duplex with 1,924 SF of combined living space
- Each unit includes 2 bedrooms and 1 full bathroom
- Private garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,575
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,500
$411.5K
Cap Rate 7%
$293,929
$293.9K
Cap Rate 9%
$228,611
$228.6K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.4K $15.28/SF
− OpEx
−$8.8K −$4.58/SF
NOI
$20.6K $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%
$411,500
Cap Rate 7%
$293,929
Cap Rate 9%
$228,611
Alternative Uses
Best Use
Multifamily LT 5
$293.9K
$257.2K – $342.9K
NOI $20,575 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$271.1K
$237.2K – $316.3K
NOI $18,979 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$586.8K
$513.5K – $684.6K
NOI $41,078 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
98
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate living spaces, bathrooms, and garage access within a flexible income property.
Where is this duplex located?
The property is located at 3201 - 3203 Laurel Ln Centralia, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,924 SF of combined living space; Each unit includes 2 bedrooms and 1 full bathroom; Private garage provided for each unit
