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No HOA
Street View
Listed by: Brian Richardson (206) 276-6811 | Kidder Mathews (360) 705-2800
$715,000
Monthly Est:$3,559
6 Beds
4 Baths
--sqft
500 Hillkress St, Centralia, WA 98531
$715,000
$3,559/moEst:
Get Pre-Approved
Multi Family
Built in 1935
$-- HOA
5,227 sqft lot
--/sqft
Description
FULL MARKETING PACKAGE IN SUPPLEMENTS. 500 Hillkress combines renovated apartments, a convenient Centralia location, and several avenues for income growth. The two-story building features brick veneer, four approximately 750-square-foot apartments, a basement, shared on-site laundry, off-street parking, and a separately rented garage. Improvements include a comprehensive 2016 remodel with updated kitchens and bathrooms, full electrical rewiring and new panels, approximately 98% new plumbing, a replacement membrane roof, thermal double-pane windows, and two gas water heaters installed in 2020. Residents benefit from a very walkable setting with access to downtown shops and dining, Centralia College, parks, and the Amtrak station, while nearby I-5 connects the property to regional employment centers. Healthcare, education, manufacturing, and distribution employers provide a broad potential renter base. An investor will benefit from opportunities from lease-timed rent increases, utility recovery, and additional use of basement or garage space, subject to city approval. Estimated to return 10.5% cash-on-cash under the Year 1 pro forma, giving investors a compelling reason to explore the financial analysis and income-growth strategy.
- Houzeo last checked: 8 hours ago
- Listing updated: October 7, 2026 at 8:33 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2591597
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1935
HOA Fees
-
Finished Area
- sqft
Lot Size
5,227 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2591597
MLS Status
Active
Days on Market
3
Cumulative Days on Market
3
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Sewer
Sewer Connected
Cooling
None
Exterior Features
Brick
Heating
Radiator
Construction
Year Built
Year Built: 1935
Home type
Multi Family
Foundation Details
Block
Construction Materials
Brick
Roof
Flat
Other Features
Subdivision Name
Edison
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Price History
| Date | Event | Price |
|---|---|---|
10/06/2026 Source: | Listing Removed | $719,000 +0.56% $0/sqft |
10/06/2026 Source: | Listed for Sale | $715,000 +10.00% $0/sqft |
09/30/2026 Source: | Price Decreased | $650,000 -9.60% $0/sqft |
09/30/2026 Source: | Coming Soon | $719,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 09, 2026, 02:32PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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