101 SW 2nd St, Chehalis, WA 98532
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101 SW 2nd St, Chehalis, WA 98532
101 SW 2nd St, Chehalis, WA 98532
101 SW 2nd St, Chehalis, WA 98532
101 SW 2nd St, Chehalis, WA 98532
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ONE Real Estate

ONE Real Estate

+1(360) 201-0908
Listed by:Lee & Associates Commercial RE • Nisha A Tomar
$ 10,250,000
Est. payment /mo
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101 SW 2nd St Chehalis, WA 98532

7 Beds

6 Baths

32,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 32,560 sqft

Price per Sqft $314

Subdivision Chehalis

MLS Listing ID 2495226

Style 56 - 10+ Units

Bedrooms 7

Year Built 1922

Annual Tax Amount $14,724

Lot Size 2.080 Acres

Property Sub-Type Multi Family

Property Description

Cascade School Apartments is a 51-unit historic adaptive-reuse multifamily community originally built in 1922 and thoughtfully redeveloped through 2024–2025, blending timeless architecture with modern residential upgrades. Designed by Tacoma-based firm Hill, Mock & Griffin, the property features high ceilings, expansive windows, and durable construction that create a distinctive living environment rarely found in today's market. Supported by federal historic tax credits and a property tax reduction, the asset offers an attractive basis, reduced near-term Cap Ex, and improved long-term cash flow stability. Located in the heart of downtown Chehalis along the I-5 corridor between Seattle and Portland, the property benefits from strong regional connectivity, walkable access to local amenities, and a supply-constrained market supported by ongoing downtown revitalization. With four-sided site access, dual entry points, future development potential on the 2.08-acre site, and possible expansion through additional unit development (buyer to verify), Cascade School Apartments presents a rare opportunity to acquire a stabilized, tax-advantaged historic asset with differentiated product and embedded upside.

Location

State WA

County Lewis

Area 430 - Chehalis

Interior

Fireplace false

Appliance Tankless Water Heater

Exterior

Exterior Feature Brick

Amenities Available High Speed Internet

View Y/N Yes

View City, Mountains, Partial, Territorial

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Available

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Chehalis Mid

High Schools W F West High

School District Chehalis

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

ONE Real Estate

ONE Real Estate

Broker

+1(360) 201-0908

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