Listing provided courtesy of RE/MAX Premier GroupNWMLSas Distributed by MLSGrid- MLS# NWM2473278
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Request Info1409 1412, 1413, 1414 Nora LaneCentralia, WA 98531
Multi-Family · 25 Beds · 13,816 Sq. ft. | 0.98 Acres$3,159,000
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1409 1412, 1413, 1414 Nora Lane Overview
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Stabilized 11 unit Class A townhome style multifamily portfolio consisting of three triplexes and one duplex, constructed in 2021 and offered together as a single asset. The property has a consistent operating history with strong rental demand, predictable cash flow, and is fully occupied with historically zero vacancy. Clean, verifiable financials.Units feature modern layouts and finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, LED lighting throughout, ductless mini split heating and air conditioning, high speed internet, private garages, and private patios for each unit. Low near term capital requirements due to newer construction. 18 on site parking spaces and well maintained landscaping supported by an automated irrigation system.High quality, low maintenance multifamily portfolio with convenient I-5 corridor access, centrally located between Seattle and Portland, and close to schools, hospital, college, and everyday amenities. Detailed financials available upon execution of NDA.
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1409 1412, 1413, 1414 Nora Lane Facts & Features
- Type Multi-Family
- Sq. ft. 13,816
- Price/Sq.ft. $229
- Lot 0.98 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Centralia
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Income/Expenses
- Other Expense: 21627.79
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 282675
- Insurance Expense: 7800
- Net Operating Income: 207712
- Total Expenses: 74962
- Total Monthly Income: 23556
- Water/Sewer/Garbage: 18016.04
Building Information
- New Construction: No
- Year Built: 2021
Location/Region
- Country: US
- County Or Parish: Lewis
- MLS Area Major: 426 - Centralia
- Subdivision Name: Centralia
Tax Information
- Tax Annual Amount: $27,518.17
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional, See Remarks
- Parcel Number: 021109002001
- Possible Use: Multi-Family,Residential
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 11
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 13816
- Building Area Units: Square Feet
- Calculated Square Footage: 13816
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Foundation Details: Slab
- Heating: Yes
- Leasable Area: 13816
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 29
- Parking Uncovered Total: 18
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Paved, Secluded
- Lot Size Acres: 0.98
- Lot Size Square Feet: 42689
- Lot Size Units: Square Feet
- Site Features: Cable TV, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Sprinkler System
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 11
- Exterior Features: Cement/Concrete
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 3575
- Beds Total: 4
- Baths Total: 5
Unit 1 Details
- Actual Rent: 5600
- Beds Total: 7
- Baths Total: 8
Unit 4 Details
- Actual Rent: 5600
- Beds Total: 7
- Baths Total: 8
Unit 3 Details
- Actual Rent: 5650
- Beds Total: 7
- Baths Total: 8
1409 1412, 1413, 1414 Nora Lane 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
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.1409 1412, 1413, 1414 Nora Lane Monthly Cost
1409 1412, 1413, 1414 Nora Lane Market Data
Based on the last 30 days in this zip code
$449,156
Average List Price
$252
Average Price per Square Foot
31
Properties Sold
92
Average Days on Market
177
Properties for Sale
1409 1412, 1413, 1414 Nora Lane History
| Date | Value | Agent |
|---|---|---|
| 6/20/2026Source: NWMLS | $3,159,000 -8.7% |
|
| 6/20/2026Source: NWMLS | $3,159,000 -8.7% |
|
| 6/1/2026Source: NWMLS | $3,461,866 -0.9% |
|
| 6/1/2026Source: NWMLS | $3,461,866 -0.9% |
|
| 3/23/2026Source: NWMLS | $3,495,000 -1.5% |
|
| 3/23/2026Source: NWMLS | $3,495,000 -1.5% |
|
| 3/3/2026Source: NWMLS | $3,549,000 -5.3% |
|
| 3/3/2026Source: NWMLS | $3,549,000 -5.3% |
|
| 1/28/2026Source: NWMLS | January 28, 2026 |
|
| 1/28/2026Source: NWMLS | January 28, 2026 |