James & Angie Smith

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Listing provided courtesy of Windermere Prof PartnersNWMLSas Distributed by MLSGrid- MLS# NWM2534628MLS Provider

509 W Cherry Street #507Centralia, WA 98531

Multi-Family · 4 Beds · 1,800 Sq. ft. | 0.11 Acres
$439,950 Active

509 W Cherry Street #507 Overview

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Great Investment Opportunity! This duplex in Centralia offers strong income potential and flexibility for investors or owner-occupants. Each unit features comfortable living spaces, functional kitchens, and spacious bedrooms. Kitchen updates provide added appeal, while the generous lot offers fenced yard space and off-street parking. Conveniently located near shopping, dining, schools, and everyday amenities with easy access to major commuter routes. Whether you're looking to expand your portfolio, or live in one unit while renting the other, this property presents a valuable opportunity in a growing market. Don't miss the chance to invest in Centralia real estate. | Updated Kitchens | Newer Roof | Updated Flooring |Quartz Countertops | 1800 SQFT | 4 Beds | 2 Baths |

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509 W Cherry Street #507 Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,800
  • Price/Sq.ft. $244
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Centralia
  • Elementary School: Jefferson Lincoln El
  • Middle Or Junior School: Centralia Mid
  • High School: Centralia High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 43200
  • Insurance Expense: 850
  • Net Operating Income: 42350
  • Total Expenses: 3765
  • Total Monthly Income: 3600
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1954

Location/Region

  • Country: US
  • County Or Parish: Lewis
  • MLS Area Major: 426 - Centralia
  • Subdivision Name: Centralia

Tax Information

  • Tax Annual Amount: $2,915.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1800
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1800
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 1800
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 1

Unit Information

  • Unit Number: 507

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 2
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Paved, Sidewalk
  • Lot Size Acres: 0.11
  • Lot Size Square Feet: 4792
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially, Patio
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1800
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1800
  • Beds Total: 2
  • Baths Total: 1

509 W Cherry Street #507 Neighborhood

Community

98531 (CENTRALIA) Demographics

39
Median Age
190
Population Density (per sq. mile)
29%
College Educated
$45,972
Estimated Median Income
6,278
Estimated Total Home Owners
4,275
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

509 W Cherry Street #507 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

509 W Cherry Street #507 Market Data

Based on the last 30 days in this zip code

$448,129
Average List Price
$251
Average Price per Square Foot
28
Properties Sold
90
Average Days on Market
182
Properties for Sale
Calculations provided by Reliance Network

509 W Cherry Street #507 History

Date Event Value Agent
6/6/2026Source: NWMLS Added to Database
June 06, 2026