673 SW 20th St, Chehalis, WA 98532
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: brian richardson
Office: kidder mathews
MLS#:2467767
Source:NWMLS
673 SW 20th St,Chehalis, WA 98532
$1,840,000
- - Beds
- - Baths
- 11,720 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,840,000
- Price per sq. ft.:$157
About this home
Posted rent increases taking effect make this a true 8.06% cap on in-place income 7 expenses. Madlen Court Rental Homes & Self-Storage blends highly desired single-family type rental homes with the additional benefit of self-storage. Featuring 6 single-family style rentals (all 3BR/2BA, ~1,400 SF avg) plus 14 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 add additional units based on 24 du/acre density zoning for the property. Also, an investor subdivide and sell the residential units individually for a profit and keep the storage for pure cash-flow....
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Home facts
- Year built:2004
- Listing ID #:2467767
- Updated:June 14, 2026 at 11:43 AM
Rooms and interior
- Living area:11,720 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:2004
- Building area:11,720 sq. ft.
- Lot area:0.97 Acres
- Lot Features:Dead-end Street, Paved, Secluded
- Construction Materials:Cement Planked, Wood Products Exterior Finish
- Exterior Features:Fenced-Fully, Fenced-Partially
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,840,000
- Price per sq. ft.:$157
- Tax amount:$15,716 (2026)
Features and amenities
- Amenities:Cable TV, High Speed Internet
Parking
- Total parking spaces:28
- Garage:Yes
- Garage spaces:12
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