Two-Unit Duplex with
For Sale
$374,900
517 Center St, Centralia, WA 98531
Corner-lot duplex with updated core systems, a detached garage, and off-street parking near everyday amenities.
Property Size2,344 SF
Price / SF$159.94
Days on Market75
Property Features for 517 Center St
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
BHGRE - Northwest Home Team
Listed By:
Terry Wentworth
(360) 345-1006
Source:
Lincolnpnwteam
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 7 at 3:32PM
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 BHGRE - Northwest Home Team
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Investment Insights
Based on property information with market context.
Located at 517 W Center St in Centralia, WA, this duplex contains two residential units with matching layouts. Each unit offers 2 bedrooms, 1 full bath, and dedicated living areas suited to everyday residential use. Recent work includes a newer roof and plumbing, while the property also includes a detached garage and off-street parking.
The corner-lot setting places the property near schools, shopping, restaurants, and other everyday amenities. The two-unit configuration supports separate residential occupancy within one property, with each unit providing a consistent bedroom and bathroom arrangement.
The corner-lot setting places the property near schools, shopping, restaurants, and other everyday amenities. The two-unit configuration supports separate residential occupancy within one property, with each unit providing a consistent bedroom and bathroom arrangement.
Key Highlights
- Two‑unit duplex at 517 W Center St, Centralia, WA
- Each unit includes 2 bedrooms and 1 full bath
- Newer roof and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,066
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,320
$501.3K
Cap Rate 7%
$358,086
$358.1K
Cap Rate 9%
$278,511
$278.5K
Market Conditions
NOI Build-Up for 2,344 SF
Gross rent
$38.0K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$35.8K $15.28/SF
− OpEx
−$10.7K −$4.58/SF
NOI
$25.1K $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%
$501,320
Cap Rate 7%
$358,086
Cap Rate 9%
$278,511
Alternative Uses
Best Use
Multifamily LT 5
$358.1K
$313.3K – $417.8K
NOI $25,066 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$714.9K
$625.6K – $834.1K
NOI $50,045 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with updated core systems, a detached garage, and off-street parking near everyday amenities.
Where is this duplex located?
The property is located at 517 Center St Centralia, WA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑unit duplex at 517 W Center St, Centralia, WA; Each unit includes 2 bedrooms and 1 full bath; Newer roof and plumbing
