
Turnkey Multi-family property. All one level strong rental income. An incredibly rare offering - this 36 unit apartment complex features a single-level design spread over a spacious lot, ideal for low-maintenance management and broad tenant appeal. All one bedroom units, on-site laundry, tenant parking, well-maintained grounds. This is a solid income-producing property. The single-level design minimizes maintenance and maximizes efficiency-making this a smart choice for investors seeking stability and scale. All units currently rented.
More Information
Request more information
Get Directions
Google map directions from your current location to the listing address
Listing ID440304472
Price$5,000,000
StatusActive
SqFt
21,216
Acres
1.24
CountyLewis
SubdivisionRose Galvins
Year Built1970
Property TypeMulti Family
County
Lewis
NAR Contact Info
360-574-5060
Property Type
Multi Family
Subdivision
Rose Galvins
Year Built
1970
Zoning
Com
Cooling Type
None
Heating Type
Baseboard
Hot Water Description
Electricity
Stories
1
Unit Type
1, 2, 3, 4, 5, 6
Unit Type 1 Area
580
Unit Type 1 Baths Total
1
Unit Type 1 Beds Total
1
Unit Type 1 Features
Dishwasher, Hardwood Floors, Range, Refrigerator
Unit Type 2 Area
580
Unit Type 2 Baths Total
1
Unit Type 2 Beds Total
1
Unit Type 2 Features
Dishwasher, Hardwood Floors, Refrigerator
Unit Type 3 Area
580
Unit Type 3 Baths Total
1
Unit Type 3 Beds Total
1
Unit Type 3 Features
Dishwasher, Hardwood Floors, Refrigerator
Unit Type 4 Area
700
Unit Type 4 Baths Total
1
Unit Type 4 Beds Total
1
Unit Type 4 Features
Dishwasher, Hardwood Floors, Refrigerator
Unit Type 5 Area
700
Unit Type 5 Baths Total
1
Unit Type 5 Beds Total
1
Unit Type 5 Features
Dishwasher, Hardwood Floors, Refrigerator
Unit Type 6 Area
700
Unit Type 6 Baths Total
1
Unit Type 6 Beds Total
1
Unit Type 6 Features
Dishwasher, Hardwood Floors, Refrigerator
Exterior Description
Lap Siding, Wood Siding
Fuel Description
Electricity
Lot Features
Corner Lot, Level
Lot Size Range
1 to 2.99 Acres
Lot Size Square Feet
54014
Number Of Units Total
36
Parking Features
Off Street, On Street
Parking Total
56
Property Condition
Updated/Remodeled
Road Surface Type
Paved
Roof
Composition
Sewer
Public Sewer
Unit Type 1 Units Total
20
Unit Type 2 Units Total
9
Unit Type 3 Units Total
2
Unit Type 4 Units Total
2
Unit Type 5 Units Total
2
Unit Type 6 Units Total
1
Water Source
Public Water
Community Features
Laundry
Country
US
Directions
I-5 to Main St east towards Downtown. Stay on Main St. to S. Tower 10 blocks or so to South
Middle Or Junior School
Centralia
MLS Area Major
Lewis County
Days On Market
28
Virtual Tour URL Unbranded 2
no
Capitalization Rate
4.7
Current Price For Status
5000000
Gross Income
340612
Gross Rent Multiplier
14.68
Gross Scheduled Income
438240
Investor Information
According To Accountant
Listing Terms
Cash, Conventional, VA Loan
Net Operating Income
234919
Net Scheduled Income
329474
Operating Expense
105693
Operating Expense Scheduled
108766
Rent Includes
Water
Short Sale
no
Tax Annual Amount
22930.28
Tax Year
2025
Unit Type 1 Actual Rent
950
Unit Type 2 Actual Rent
995
Unit Type 3 Actual Rent
1095
Unit Type 4 Actual Rent
1095
Unit Type 5 Actual Rent
1195
Unit Type 6 Actual Rent
1295