601 South Silver Street

Centralia, WA 98531

$380,000
Price
3
Beds
3
Baths
1,844 Sq. Ft.
$206 / Sq. Ft.
1,844
Sq. Ft.
$206
per Sq. Ft.

Description

This triplex has consistent rental history. Located a short distance to Centralia College and downtown for shopping and services. A desirable Cap Rate for a good return on your investment. Each of the 3 units have been updated nicely. The units are each 1 bedroom and 1 bath, all units are occupied, start earning income right away. Priced to sell, won't last long!This triplex has consistent rental history. Located a short distance to Centralia College and downtown for shopping and services. A desirable Cap Rate for a good return on your investment. Each of the 3 units have been updated nicely. The units are each 1 bedroom and 1 bath, all units are occupied, start earning income right away. Priced to sell, won't last long!
  1. Listed by LauraLee Zuber Titus • John L. Scott CNT
  2. Listed by Brent Taylor • John L. Scott CNT

Property Details for 601 South Silver Street

Community Name
Centralia
School District
Centralia
View
City, Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
11-22-2023
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of John L. Scott CNT
Add your commute
LISTING UPDATED: 05/20/2024 01:29 PM

Property Details for 601 South Silver Street

StatusActive
MLS #2181271
Days on Market193
Cumulative Days on Market193
Taxes$2,590 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.11 AC / 4,792 SF
CountyLewis County

Location

Listing Courtesy of John L. Scott CNT
Add your commute

Building Information for 601 South Silver Street

Stories2Residences3Year Built1920Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

$2,290 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,074

Property Taxes

$216

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 South Silver Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 426 - Centralia
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Centralia Mid
  • High School: Centralia High
  • Effective Year Built Source: Public Records
  • Directions: From I-5 take Exit 82, turn East onto Harrison Ave. Continue approx. 1 mile. Harrison Ave turns into Main St. (TR) Yew St. (TL) Mellen St., continue, slight Right onto Cherry St. Property on the Right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Wall to Wall Carpet, Laminate Hardwood
  • Amenities: See Remarks
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3168
  • Power Company: City of Centralia
  • Sewer Company: City of Centralia
  • Water Company: City of Centralia
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Office
  • First Right Of Refusal: false
  • Possible Use: Office
  • MLS Square Footage Source: Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1920
  • Photos Count: 17
Lot Information
  • Lot Details: Corner Lot, Paved
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 000108000000
  • Building Condition: Good
  • Calculated Square Footage: 1844
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1844.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7140.12
  • Gross Adjusted Income: 20999
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: $26,460
  • Insurance Expense: $1,250
  • Net Operating Income: $20,999
  • Other Expenses: $132
  • Total Monthly Income: 2345
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 650
  • Rent Unit 1: $795.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 650
  • Rent Unit 2: $795.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 580
  • Rent Unit 3: $755.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1844.0
  • Leasable Area Units: Square Feet

Property History for 601 South Silver Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 South Silver Street

Taxable ValueLand$32,300Additions$136,500Total$168,800
Tax Record2019$1,980 ($165 / month)
Home Facts
Beds3Total Finished SqFt1,844 SqFtAbove Ground SqFt1,844 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920Year Renovated1970CountyLEWISAPN000108000000

Schools near 601 South Silver Street

This home is within Centralia School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Washington Elementary School
PublicK to 6

Centralia Middle School
Public7 to 8

Centralia High School
Public9 to 12

Jefferson Lincoln Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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601 South Silver Street is a multi-family home for sale in Centralia, WA 98531. This property was listed for sale on November 22, 2023 by John L. Scott CNT, it's currently listed at $380,000. It has been on the market for a total of 193 days and was last sold on October 19, 2016. This listing's school district is Centralia School District. Nearby schools include Washington Elementary School, Centralia Middle School and Centralia High School. 601 South Silver Street is a 3-bed, 3-bath, 1,844 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott CNT

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.