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
Property Type(s):
Multi Family
|
Last Updated
|
6/23/2025
|
Tract
|
Centralia
|
|
Year Built
|
1926
|
Community
|
Centralia
|
|
County
|
Lewis
|
Additional Details
| AIR |
None |
| AREA |
426 - Centralia |
| BASEMENT |
Yes |
| CONSTRUCTION |
Concrete, Stucco |
| HEAT |
Baseboard, Electric |
| INTERIOR |
Laminate |
| LOT |
0.68 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Curbs, Paved, Sidewalk |
| MLS STATUS |
Active |
| STORIES |
3 |
| STYLE |
56 - 10+ Units |
| SUBDIVISION |
Centralia |
| TAXES |
15960 |
| UTILITIES |
Cable Available, Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City, Territorial |
| WATER |
Public |
| ZONING |
Commercial,Multi-Family,Residential |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/24/25 4:30 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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