Pending feasibility

Listed by: COMPASS • Erich Bubbel

$2,200,000

21021 old highway 9 SW, Centralia, WA 98531

29beds

25baths

89,289sqft

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Multi Family

Built in 1940

-- sqft lot

$2,135,200 Zestimate^®

$25/sqft

$-- HOA

What's special

Grand Mound MH & RV Park | 25-pad mobile home and RV park generating $233,775 NOI at a 10.63% cap rate, with a projected pre-tax cash flow of $103,161 at current rents. The mix includes 10 dry pads with electrical hookups, six park-owned homes, and one stick-built home. The property operates on well water with newly installed equipment and four septic tanks, with an onsite building featuring two bathrooms, laundry, and owner's office. Additional upside through rent increases and 10 large storage units.

68 days

27

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 29
Bathrooms: 25

Heating

Baseboard, See Remarks

Cooling

None

Features

Flooring: See Remarks
Has fireplace: No

Interior area

Total structure area: 89,289
Total interior livable area: 89,289 sqft

Property

Parking

Total spaces: 45
Parking features: RV Parking
Uncovered spaces: 45

Features

On waterfront: Yes
Waterfront features: Low Bank

Lot

Size: 2.05 Acres
Dimensions: 89,298
Features: RV Parking

Details

Parcel number: 42201000300
Zoning description: See Remarks,Jurisdiction: See Remarks
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

See Remarks
Foundation: See Remarks
Roof: See Remarks

Condition

Fixer
Year built: 1940
Major remodel year: 1940

Utilities & green energy

Sewer: Septic Tank, Company: Private
Water: Company: Private

Community & HOA

Community

Subdivision: Grand Mound

Location

Region: Centralia

Financial & listing details

Price per square foot: $25/sqft
Tax assessed value: $688,300
Annual tax amount: $5,415
Date on market: 5/12/2026
Cumulative days on market: 69 days
Listing terms: Conventional

Estimated market value

$2,135,200

$2.03M - $2.24M

$1,492/mo

Price history

Date	Event	Price
5/21/2026	Pending sale	$2,200,000$25/sqft
Source: NWMLS as distributed by MLS GRID #2522085 Report a problem
5/13/2026	Listed for sale	$2,200,000+285.3%$25/sqft
Source: NWMLS as distributed by MLS GRID #2522085 Report a problem
7/26/2017	Sold	$571,019$6/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,992 +3.9%	$688,300 +3.7%
2023	$5,770 +115.1%	$663,800 +103.9%
2022	$2,682 -37.1%	$325,500 -21%
2021	$4,265 +20.3%	$412,000 +31.5%
2020	$3,546 +1.8%	$313,300 +6.9%
2019	$3,482 +1.8%	$293,000 -0.6%
2018	$3,421 -22.7%	$294,700 +20.5%
2017	$4,426	$244,550 -13.8%
2016	$4,426	$283,550 -7.5%
2014	$4,426	$306,550

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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