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Listing courtesy of NWMLS / Kidder Mathews

522 N Iron Street

Centralia, WA 98531

– beds
– baths
23,641 sqft
~3/4 acre lot
$133 per sqft
1987 build

HILLVIEW TERRACE APTS. is a lucrative investment opportunity with a current cap rate of 6.53%. Featuring a mix of studios, 1-bed, and 2-bed units, this value-add property offers ample parking and full sprinkler coverage. Situated in a desirable location and walking distance to many shops, restaurants, and more, HILLVIEW TERRACE boasts the potential for increased revenue with just simple rent raises, and minor cosmetic improvements to an est. 8.52% cap rate. The well-maintained units and favorable unit mix is an excellent choice for investors seeking steady returns. Don't miss out on this chance to acquire a promising multi-family asset and capitalize on its current success while unlocking further value in this dynamic market

Listing courtesy of NWMLS / Kidder Mathews

Last checked: Checking… • Last updated Jun 23, 2025 •

MLS# 2396701 —

The Building

Year Built:

1926
Year Built:

1987
Year Built Source:

Public Records
New Construction:

false
Estimated Completion Date:

1926-12-31
Structure Type:

Multi Family
Roof:

Composition
Foundation Details:

Poured Concrete
Security Features:

Partially Fenced, Security Gate
Exterior Features:

Cement/Concrete, Stucco
# of Units Total:

4
Stories Total:

3
Building Area Total:

23641
Building Area Units:

Square Feet
Calculated SqFt:

23641
SqFt Source:

County
Green Energy Efficient:

Thermal Windows
Construction Materials:

Concrete, Stucco

Interior

Interior Features:

Laminate
Flooring:

Laminate, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

46.721302
Longitude:

-122.955358
Directions:

From I-5, take Harrison Ave Exit, exit #82, take Harrison Ave toward W 1st St, turn right on F St, turn left on W Hanson St, then immediately turn right onto N Iron St.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Parcel Number:

003459001000
Lot Features:

Corner Lot, Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.68
Lot Size SqFt:

29621
Lot Size Source:

County
Zoning Description:

Commercial,Multi-Family,Residential
Zoning Jurisdiction:

City
View:

City, Territorial
View:

true
Waterfront:

false
Possible Use:

Commercial, Multi-Family, Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

15960

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

68091

Schools

High School District:

Centralia

The Community

Subdivision Name:

Centralia
Amenities:

Basement,Coin Op Laundry,Elevator,Fire Sprinklers,Thermal Windows
Senior Community:

false
Association:

false

Parking

Parking Total:

37
Parking Uncovered Spaces:

37
Open Parking:

true
Open Parking Spaces:

37
Carport Spaces:

37
Carport:

false

Listing courtesy of NWMLS / Kidder Mathews

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon Jun 23 2025 06:40 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
6/23/25 Jun 23, 2025	Listed / Active	NWMLS	$3,150,000	75.0% (10.4% / YR)
4/16/18 Apr 16, 2018		NWMLS	$1,800,000

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This multifamily located in Centralia, WA 98531 is currently for sale for $3,150,000. 522 N Iron Street is a 23,641 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Centralia Middle School and Centralia High School.

Listing courtesy of NWMLS / Kidder Mathews

Disclaimer: The information contained in this listing has not been verified by Kidder Mathews and should be verified by the buyer.