101 SW 2nd St, Chehalis, WA 98532
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: nisha a tomar
Office: lee & associates commercial re
MLS#:2495226
Source:NWMLS
101 SW 2nd St,Chehalis, WA 98532
$10,250,000
- - Beds
- - Baths
- 32,560 sq. ft.
- Multi-family
- Active
Price summary
- Price:$10,250,000
- Price per sq. ft.:$314.8
About this home
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....
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Home facts
- Year built:1922
- Listing ID #:2495226
- Updated:June 28, 2026 at 11:43 PM
Rooms and interior
- Living area:32,560 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1922
- Building area:32,560 sq. ft.
- Lot area:2.08 Acres
- Lot Features:Curbed Lot, Paved, Sidewalk
- Construction Materials:Brick Exterior Finish
Schools
- High school:W F West High
- Middle school:Chehalis Mid
- Elementary school:Buyer To Verify
Utilities
- Water:Public
- Sewer:Available
Finances and disclosures
- Price:$10,250,000
- Price per sq. ft.:$314.8
- Tax amount:$14,724 (2026)
Features and amenities
- Amenities:High Speed Internet
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