101 SW 2nd St, Chehalis, WA 98532

Chehalis
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
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...

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Home facts

  • Year built:1922
  • Listing ID #:2495226
  • Updated:May 14, 2026 at 12:33 AM

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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