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Listing Firm: Kidder Mathews: Brian Richardson

Active
NWMLS # 2396701
  • - Beds
  • - Baths
  • 23641 Sq.ft.

522 N Iron Street , Centralia, WA 98531

Listings with the three tree icon are courtesy of NWMLS

About This Property

HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don't miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market

Aris360 Last Checked: Just Now (Jul 13, 2025 01:24 AM)

  • Source: NWMLS as Distributed by MLS Grid #2396701

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Iron
  • Zip/Postal Code: 98531
  • City: Centralia

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$3,847 per month
Principal & Interest
Home Insurance
Property Taxes

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Loan Detail

Interest Rate

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Property Features

  • County
    • Centralia
  • Community
    • 426 - Centralia
  • MLS Area
    • 426 - Centralia
  • Longitude
    • -122.955358
  • Latitude
    • 46.721302
  • Directions
    • From I-5, take Harrison Ave Exit, exit #82, take Harrison Ave toward W 1st St, turn right on F St, turn left on W Hanson St, then immediately turn right onto N Iron St.

  • Interior
    • Laminate
  • Floors
    • Laminate
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 37
  • Lot Description
    • Corner Lot,
    • Curbs,
    • Paved,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
    • Stucco
  • Site Description
    • Cable TV,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Sprinkler System
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres
    • 1

  • Building Total Area (Sq. Ft.)
    • 29621
  • Has View
    • Yes
  • Energy Features
    • Thermal Windows,
  • View Description
    • City,
    • Territorial,

  • High School District
    • Centralia

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $15960
  • Year Built
    • 1926
  • Effective Year Built
    • 1987
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 13 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 13, 2025 01:24 AM