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Listed by: Nisha A Tomar (253) 722-9203 | Lee & Associates Commercial RE (206) 773-2696
$10,250,000
Monthly Est:$51,018
7 Beds
6 Baths
32,560sqft
101 SW 2nd Street, Chehalis, WA 98532
$10,250,000
$51,018/moEst:
Get Pre-Approved
Multi Family
Built in 1922
$-- HOA
2.08 acres lot
$315/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 17, 2026 at 6:42 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2495226
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1922
HOA Fees
-
Finished Area
32,560 sqft
Lot Size
2.08 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2495226
MLS Status
Active
Days on Market
205
Cumulative Days on Market
204
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 6
Interior
Appliances
Tankless Water Heater
Exterior Features
Brick
Sewer
Available
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1922
Home type
Multi Family
Roof
Composition
Property Condition
Updated/remodeled
Foundation Details
Poured Concrete
Construction Materials
Brick
Utilities & Energy
Security Features
Security System
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Chehalis
Price History
| Date | Event | Price |
|---|---|---|
03/20/2026 Source: | Listed for Sale | $10,250,000 $315/sqft |
Find Homes by Property Features in Chehalis, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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