USAWACentraliaEdison500 Hillkress Ave
Listing image | Image 1

500 Hillkress Ave, Centralia, WA

House

For Sale

Listed price in listed location currency (USD).
$715,000

003

MLS® 2591597

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $5,703
Days Active 2
Lot Size 0.12 Acres
Approx. Age 1935
MLS® Number 2591597

Property Address: 500 Hillkress Ave, Centralia, WA, 98531-4602

Average square foot calculated using Size range provided by listing agent.

Description

FULL MARKETING PACKAGE IN SUPPLEMENTS. 500 Hillkress combines renovated apartments, a convenient Centralia location, and several avenues for income growth. The two-story building features brick veneer, four approximately 750-square-foot apartments, a basement, shared on-site laundry, off-street parking, and a separately rented garage. Improvements include a comprehensive 2016 remodel with updated kitchens and bathrooms, full electrical rewiring and new panels, approximately 98% new plumbing, a replacement membrane roof, thermal double-pane windows, and two gas water heaters installed in 2020. Residents benefit from a very walkable setting with access to downtown shops and dining, Centralia College, parks, and the Amtrak station, while nearby I-5 connects the property to regional employment centers. Healthcare, education, manufacturing, and distribution employers provide a broad potential renter base. An investor will benefit from opportunities from lease-timed rent increases, utility recovery, and additional use of basement or garage space, subject to city approval. Estimated to return 10.5% cash-on-cash under the Year 1 pro forma, giving investors a compelling reason to explore the financial analysis and income-growth strategy.
MLS® Number2591597
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1935
Basement
Driveway
Garage Spaces
HeatRadiator
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 6, 2026List Date
$715,000List Price
  • Commute

Commute

Starting Address
Destination Address
500 Hillkress Ave, Centralia, WA

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