This listing courtesy of Brian Richardson , Kidder Mathews
$1,875,000

673 SW 20th St, Chehalis, WA 98532

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2004
  • Property Lot Size Icon0.97acre lot
  • Property Parking Icon 12 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 25 days ago

Property Description

Madlen Court Rental Homes & Self-Storage blends highly desired single-family type rental homes with the additional benefit of self-storage. Featuring six single-family style rentals (all 3BR/2BA, ~1,400 SF avg) plus fourteen self-storage units. Tenants pay 100% of utilities; homes feature two-car garages, modern construction, and newer roofs—built for low-drama ownership. The tucked-away, off-street setting is walkable to Chehalis schools, Boys & Girls Club, parks, and athletic facilities, and is less than 10 minutes to I-5 and downtown. Chehalis sits almost exactly halfway between Seattle and Portland on the I-5 corridor, and the market’s recent positive economic activity include an announced Amazon operations facility projected at 500–1,000 jobs and the PSE takeover of the TransAlta power plant creating an estimated 700 jobs. There are two investment approaches an investor can take. Raise residential rents and push storage rents toward market. There is an estimated 87% increase feasible for storage based on rent comps. Alternatively, an investor can subdivide and sell the residential units individually for a profit and keep the storage for pure cash-flow.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 2:20AM
Listing Office:
Kidder Mathews : 360-705-2800
Listing Agent:
Brian Richardson : 360-705-2800
MLS ID:
2467767
  • A/C: None
  • Heating: BaseboardFireplace InsertWall Unit(s)
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: Thermal Windows
  • General: Cement PlankedWood Products
  • Parking: Parking spaces: 8
  • Roofing: Composition
  • General: 55 - 5-9 Units
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Chehalis
  • County: Lewis
  • Zoning: 005604183045
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Brian Richardson , Kidder Mathews

Monthly Payment

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

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Location

Schools Nearby

O

Orin C. Smith Elementary School

1240 Bishop Rd, Chehalis, WA, 98532

Grades 3-5

0.43 miles away

C

Chehalis Middle School

1060 SW 20th St, Chehalis, WA, 98532

Grades 6-8

0.27 miles away

W

W. F. West High School

342 SW 16th St, Chehalis, WA, 98532

Grades 9-12

0.46 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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