For Sale22d on market
1100 S Pearl Street
Ridgefield, WA, 98531 • 98531 • Lewis County
$4,350,000
$205/sqft
-$100,000 since Mar 31, 2026
Down payment assistance available
21,216Sqft
1.2 acLot
1970Built
Property DNA
10+ Units Style
Built 1970 · 56 years of history
Centralia
98531
This home is getting attention
Listed 22 days ago · 244 views · 7 saves
Market activity
Demand and pricing signals for this listing
244 views
People checking out this listing
7 saves
Buyers have saved this home
22 days on market
Recently listed
$205/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 26% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1970
Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.
Estimated monthly payment
Based on current rates
$27,087/month
Principal & Interest$21,287
Property Tax$4,350
Insurance$1,450
Down payment20% ($870,000)
3%50%
Est. 6.19% rate · 30yr fixed · $3,480,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1970
HeatingBaseboard, Electric
CoolingNone
Parking36 Parking spaces
Days on Zillow22 Days
Price/sqft$205
Property
Home typeMulti Family
Sub-typeMulti Family
Style10+ Units
Year built1970
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerCompany: Centralia / Sewer Connected, Company: Centralia
Parking & Outdoor
Lot1.24 Acres
Location & Tax
Neighborhood98531
Annual tax$22,097
Parcel001934014000
Features & details
4 categories of property features
Interior Features
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Construction
Wood Products
Community
Golf
Listing insights
Market data and value estimates
StatusFor Sale
Days on market22
Est. value$4,047,600
Est. rent$1,244/mo
Tax rate0.64%
Price/sqft$205
On marketSep 17, 2025
PostedMar 16, 2026
Last sold$1,860,000
MLS statusActive
MLS updatedMar 31, 2026
Tour days9
Views244
Favorites7
How are the schools in Ridgefield?
3 schools rated nearby
Location
Ridgefield, WA, 98531
Price history
3 events
DateEventPrice$/sqftSource
Mar 31, 2026Price Change$4,350,000$205NWMLS as distributed by MLS GRID
Mar 16, 2026Listed For Sale$4,450,000$210NWMLS as distributed by MLS GRID
Jan 12, 2016Sold$1,860,000$88NWMLS as distributed by MLS GRID
Price Change$4,350,000
Mar 31, 2026•$205/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$4,450,000
Mar 16, 2026•$210/sqft•NWMLS as distributed by MLS GRID
Sold$1,860,000
Jan 12, 2016•$88/sqft•NWMLS as distributed by MLS GRID
Tax history
12 years of records
YearTax paidAssessed value
Apr 7, 2025$22,089$2,530,000
Apr 7, 2024$22,930$2,537,200
Apr 7, 2023$16,596$2,537,200
Apr 7, 2021$22,308$2,259,200
Apr 7, 2020$20,004$2,259,200
Apr 7, 2019$17,958$1,600,000
Apr 7, 2018$2,136$1,600,000
Apr 7, 2017$2,136$1,600,000
Apr 7, 2016$16,170$1,909,700
Apr 7, 2013$8,370$796,000
Apr 7, 2011—$850,000
Apr 7, 2010—$850,000
Nearby homes
Neighborhood details
Local context around this listing
Ridgefield, WA • Lewis County
Nearby cities
CentraliaChehalisLaceyOlympiaRainierRochesterTeninoTumwater
Nearby zip codes
985319853298544
Based on information submitted to the MLS GRID as of 2026-04-07 16:54:07 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)
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