For Sale487d on market
200 E Walnut Street
Centralia, WA, 98531 • 98531 • Lewis County
$500,000
2.8 acLot
Property DNA
Multi-Family Style
Multi-Family architecture
Centralia
98531
Market activity
Demand and pricing signals for this listing
26 views
People checking out this listing
487 days on market
Established listing
About this home
Lot
High, dry and ready to build. 2.78 acres right in town zoned R-15. That should yield 41 units. The property is half a block wide and a full block long. Located on the edge of the shopping district it is walking distance to everything. All City utilities at both ends. Additional non-adjacent multi-family property available. Broker/Owner.
Estimated monthly payment
Based on current rates
$3,113/month
Principal & Interest$2,446
Property Tax$500
Insurance$167
Down payment20% ($100,000)
3%50%
Est. 6.18% rate · 30yr fixed · $400,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleMulti-Family
Systems
Water / SewerIn Street, Jurisdiction: City of Centralia / In Street
Parking & Outdoor
Lot2.78 Acres
Location & Tax
Neighborhood98531
ZoningR-15
Parcel003532001000
Features & details
3 categories of property features
Exterior Features
Lot Features
Paved
Sidewalk
Utilities
Electricity Available
Natural Gas Available
Gas
Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market487
Est. rent$1,410/mo
Tax rate0.64%
On marketDec 11, 2024
PostedDec 6, 2024
MLS statusActive
MLS updatedJan 8, 2026
Tour days6
Views26
How are the schools in Centralia?
3 schools rated nearby
Location
Centralia, WA, 98531
Price history
5 events
DateEventPrice$/sqftSource
Jan 8, 2026Listed For Sale$500,000—NWMLS as distributed by MLS GRID
Jan 1, 2026Listing Removed$500,000—NWMLS as distributed by MLS GRID
Dec 6, 2024Listed For Sale$500,000—NWMLS as distributed by MLS GRID
Feb 10, 2021Listing Removed——RE/MAX International
Aug 12, 2017Listed For Sale$615,000—RE/MAX KEY LAND Company
Listed For Sale$500,000
Jan 8, 2026•NWMLS as distributed by MLS GRID
Listing Removed$500,000
Jan 1, 2026•NWMLS as distributed by MLS GRID
Listed For Sale$500,000
Dec 6, 2024•NWMLS as distributed by MLS GRID
Listing Removed—
Feb 10, 2021•RE/MAX International
Listed For Sale$615,000
Aug 12, 2017•RE/MAX KEY LAND Company
Nearby homes
Neighborhood details
Local context around this listing
Centralia, WA • Lewis County
Nearby cities
CentraliaChehalisLaceyOlympiaRainierRochesterTeninoTumwater
Nearby zip codes
985319853298544
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 03:18:39 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
No obligation · Same-day response