Listing provided courtesy of Gateway Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2484270MLS Provider

3201 - 3203 Laurel LaneCentralia, WA 98531

Multi-Family · 4 Beds · 1,924 Sq. ft. | 0.43 Acres
$485,000 Active

3201 - 3203 Laurel Lane Overview

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Discover the perfect blend of comfort, flexibility, and investment potential with this charming and well-maintained duplex. Whether you're looking to offset your mortgage by living in one unit and renting out the other, or expand your portfolio by leasing both sides, this property offers exceptional versatility to fit your goals. With a combined total of 1,924 square feet of living space, each thoughtfully designed unit features 2 spacious bedrooms, 1 full bathroom, and its own private garage — providing convenience and added value for both owners and tenants alike. The functional layouts offer comfortable living areas, ample natural light, and practical use of space throughout. Situated on a generous, level 18,731 square foot lot, the property offers abundant outdoor space with endless possibilities — from gardening and recreation to potential future enhancements (buyer to verify). The expansive yard adds privacy, usability, and long-term value that is hard to find. Meticulously cared for over the years, this duplex also had a new roof installed in 2019, providing added peace of mind and minimizing future maintenance concerns. Whether you're an investor seeking reliable rental income or a homeowner wanting built-in earning potential, this property presents a rare opportunity you won’t want to miss!

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3201 - 3203 Laurel Lane Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,924
  • Price/Sq.ft. $252
  • Lot 0.43 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: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 34680
  • Insurance Expense: 1843
  • Net Operating Income: 28946
  • Total Expenses: 5834
  • Total Monthly Income: 2890
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1968

Location/Region

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

Tax Information

  • Tax Annual Amount: $3,991.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 010570048000
  • Possible Use: Residential
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1924
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1924
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 1924
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: RV Parking
  • Parking Total: 6
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.43
  • Lot Size Square Feet: 18731
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Fenced-Partially, Patio, RV Parking
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

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

Unit Information

Unit 1 Details

  • Actual Rent: 1295
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1595
  • Beds Total: 2
  • Baths Total: 1

3201 - 3203 Laurel 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
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.

3201 - 3203 Laurel Lane 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.

3201 - 3203 Laurel 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
Calculations provided by Reliance Network

3201 - 3203 Laurel Lane History

Date Event Value Agent
3/19/2026Source: NWMLS Added to Database
March 19, 2026