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Ridgefield, WA, 98531 • 98531 • Lewis County
$205/sqft
-$100,000 since Mar 31, 2026
Down payment assistance available
21,216Sqft
1.2 acLot
1970Built
10+ Units Style
Built 1970 · 56 years of history
Centralia
98531
This home is getting attention
Listed 22 days ago · 244 views · 7 saves
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
This home ranks in the top 26% of listings most likely to go under contract soon, based on market activity and demand signals.
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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.
Based on current rates
Est. 6.19% rate · 30yr fixed · $3,480,000 loan
Full calculator →Key facts and listing details
4 categories of property features
Market data and value estimates
3 schools rated nearby
Ridgefield, WA, 98531
3 events
12 years of records
Local context around this listing
Ridgefield, WA • Lewis County
Nearby cities
Nearby zip codes
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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