About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

307 N Iron, Centralia, WA 98531

$584,712

Last sold 05/18/2022 for $550K

—
bed
—
bath
2,624
Sqft ($210/Sqft)

House not for sale

About 307 N Iron

Property type House

Neighborhood

Year built 1920

HOA fee $0/month

Lot size 7,841 Sqft

Movoto estimate

Property description

Two duplexes totaling four units in the Edison district. Three units have been updated in the past couple of years. New plumbing, flooring, electrical, drywall and studs. Strong rental history. Room for further upside by updating the second duplex. Tired of paying a mortgage or rent? Live mortgage free by living in one unit and renting out the others. Tenants pay garbage/electric.

Listed by

Listing Agent - Tyler Northrup

Listing Office - Realty World Cosser & Assoc.

Source: NWMLS

MLS#1896607 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1896607
SubType	Multi-Family
Type	Residential Income
SqFt	2624
Status	Sold
Lot Size (SqFt)	7841
Lot Size (Acres)	0.18
Property Tax	3254
Buying Office	John L Scott Olympia
Year Built	1920
Buying Office Phone	360-200-5333

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Post & Pillar
Roof	Composition
# Open Parking Spaces	2
# Parking Spaces	2
# Uncovered Spaces	2

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Centralia
Water	Public
Water Company	City Of Centralia
Power Company	City Of Centralia
Power Production: Type	Electric
Security Features	FullyFenced

Location
County	Lewis
Subdivision	Edison
Area	426 - Centralia
High School District	Centralia
APN	2038000000
Zoning	Multi-Family, Residential

Multifamily Details
Net Operating Income	35686
Capitalization Rate	6
Expense: Insurance	1200
Gross Scheduled Income	44940
Gross Adjusted Income	44940
Total Expenses	9254
Gross Rent Multiplier	13.21
Nwm_Totalmonthlyincome	3745

Lot/ Land Details
Site Features	Cable TV, Fenced-Partially, Patio

$584K

Range: $526K-$643K

Last 30 days

Rental est.: $919/month

• Gross rent multiplier: 49.9

Lower your payment with the loan terms that fit you.

May 2022
Public Records
May 18, 2022 Sold
$550,000
May 2022
MLS # 1896607
May 18, 2022 Sold
$550,000 (-7.4%)
Mar 24, 2022 Pending
—
Mar 12, 2022 Price Change
$594,000 (-7.0%)
Mar 4, 2022 Listed
$639,000 (+299.4%)
Oct 2018
Public Records
Oct 4, 2018 Sold
$160,000
Oct 2018
MLS # 1320125
Oct 4, 2018 Sold
$160,000 (-5.3%)
Jun 27, 2018 Listed
$169,000

Year Property taxes Tax assessment
2026
$4,325 -2.9%

$494,400 +0.35%
2024
$4,453 +31.0%

$492,700 +18.84%
2023
$3,400 +4.5%

$414,600 +25.79%
2022
$3,255

$329,600
2021
$3,255 +29.1%

$329,600 +15.77%
2020
$2,521 +14.7%

$284,700 +63.25%
2019
$2,199

$174,400

307 N Iron
$550K
426 - Centralia
—
98531
$444K -1% y/y
Centralia
$447K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
403 W Magnolia St, Centralia, WA 98531	$311,000	3/1	1,522	0.01
311 N Iron St, Centralia, WA 98531	$573,000	—/1	2,397	0.02
300 N Iron St, Centralia, WA 98531	$402,000	3/1	1,236	0.03
306 N Rock St, Centralia, WA 98531	$356,000	2/1	1,044	0.03
314 N Iron St, Centralia, WA 98531	$545,000	3/1	2,118	0.03
308 N Rock St, Centralia, WA 98531	$397,000	—/1	1,813	0.04
310 N Rock St, Centralia, WA 98531	$400,000	3/1	1,610	0.04
303 W Magnolia St, Centralia, WA 98531	$348,000	2/1	992	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.