This listing courtesy of Nisha A Tomar , Lee & Associates Commercial RE
$10,250,000

101 SW 2nd St, Chehalis, WA 98532

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon2.08acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 21 days ago

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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 12:20PM
Listing Office:
Lee & Associates Commercial RE : 206-267-1457
Listing Agent:
Nisha A Tomar : 206-267-1457
MLS ID:
2495226
  • Appliances: Tankless Water Heater
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: Brick
  • Parking: Parking spaces: 102
  • Roofing: Composition
  • General: 56 - 10+ UnitsPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Chehalis
  • County: Lewis
  • Zoning: 004236002002
  • View: CityMountainsPartialTerritorialView
  • Water: Public
  • Sewer: Available
  • Source: nwmls

This listing courtesy of Nisha A Tomar , Lee & Associates Commercial RE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

James W. Lintott Elementary School

1220 Bishop Rd, Chehalis, WA, 98532

Grades PK-2

1.50 miles away

C

Chehalis Middle School

1060 SW 20th St, Chehalis, WA, 98532

Grades 6-8

1.52 miles away

G

Green Hill Academic School

375 SW 11th St, Chehalis, WA, 98532

Grades 9-12

0.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
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