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Renovated Quadplex with On-Site Laundry
New
For Sale
$715,000

500 Hillkress Ave, Centralia, WA 98531

Four apartments share laundry, off-street parking, a basement, and a separately rented garage.

Property SizeContact for details
Days on Market5

Property Features for 500 Hillkress Ave

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,703

Amenities

on-site laundry
off-street parking

Building Details

Year Renovated 2016
Buildings 1
Stories 2
Construction brick veneer
Listing Agency: Kidder Mathews
Listed By: Brian Richardson · License #78371
Source: Exprealty
Added: Oct 6 Changed: Oct 10 Last Checked: Oct 10 at 2:19AM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

This two-story quadplex contains four apartments of approximately 750 square feet each, along with a basement, shared laundry, off-street parking, and a separately rented garage. A 2016 renovation updated the kitchens and bathrooms, replaced the electrical wiring and panels, renewed approximately 98% of the plumbing, and added a membrane roof and thermal double-pane windows. Two gas water heaters were installed in 2020.

The property is at 500 Hillkress Ave in Centralia, with downtown shops and dining, Centralia College, parks, and the Amtrak station nearby. I-5 provides a regional connection.

Key Highlights

  • Four apartments of approximately 750 square feet each
  • Two‑story brick‑veneer building with a basement
  • 2016 renovation included updated kitchens and bathrooms, full electrical rewiring, and new panels

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Pharmacy Parking Lot & Garage Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

808
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments share laundry, off-street parking, a basement, and a separately rented garage.
Where is this quadplex located?
The property is located at 500 Hillkress Ave Centralia, WA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Four apartments of approximately 750 square feet each; Two‑story brick‑veneer building with a basement; 2016 renovation included updated kitchens and bathrooms, full electrical rewiring, and new panels
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