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  • Listed by: COMPASS • Erich Bubbel • 206-399-3285
    Bought with: Kaizen Realty
    Zestimate®
    $2,050,000

    21021 old highway 9 SW, Centralia, WA 98531

    29beds
    25baths
    89,289sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $2,050,000 Zestimate®
    $23/sqft
    $-- Estimated rent

    Home value

    $2,050,000

    $1.95M - $2.15M

    Not available

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Erich Bubbel 206-399-3285 erich@investmentsalesgrp.com,

    COMPASS

    Bought with:

    Khalil Nakano, 21002261

    Kaizen Realty

    Source: NWMLS as distributed by MLS GRID,MLS#: 2522085MLS Logo

    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: $23/sqft
    • Tax assessed value: $628,600
    • Annual tax amount: $5,415
    • Date on market: 5/13/2026
    • Listing terms: Conventional

    Price history

    DateEventPrice
    10/23/2026Sold$2,050,000-6.8%$23/sqft
    Source: NWMLS as distributed by MLS GRID #2522085 Report a problem
    5/21/2026Pending sale$2,200,000$25/sqft
    Source: NWMLS as distributed by MLS GRID #2522085 Report a problem
    5/13/2026Listed for sale$2,200,000+285.3%$25/sqft
    Source: NWMLS as distributed by MLS GRID #2522085 Report a problem
    7/26/2017Sold$571,019$6/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,415 -9.6%$628,600 -8.7%
    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

    Neighborhood: 98531

    Nearby schools

    GreatSchools rating