MLS #2495226 / Listing provided by NWMLS & Lee & Associates Commercial RE.
$10,250,000
101 SW 2nd St
Chehalis,
WA
98532
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Total Uncovered Parking Spaces: 102
Structure
- Roof: Composition
- Exterior Features: Brick
- Foundation: Poured Concrete
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 2.08
- Foundation: Poured Concrete
Schools
- High School District: Chehalis
- High School: W F West High
- Middle School: Chehalis Mid
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 2.08
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer: Available
- Water Source: Public
- Water, Sewer, and Garbage: 42647
Whitney Johnsen
Broker | REALTOR®
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