101 SW 2nd St St, Chehalis, WA 98532 (MLS # 2495226)

Listing provided courtesy of Northwest MLS; Lee & Associates Commercial RE

PRICE	$10,250,000
BEDS	0
BATHS	0
HOME SIZE	32,560 sqft
LOT SIZE	2.08 ac

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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.

LAST UPDATED	3/19/2026	TRACT	Chehalis
YEAR BUILT	1922	COMMUNITY	Chehalis
COUNTY	Lewis	STATUS	Active
PROPERTY TYPE(S)	Multi Family

SCHOOLS

Elementary School	Buyer To Verify
Jr. High School	Chehalis Mid
High School	W F West High

ADDITIONAL DETAILS
AIR	None
APPLIANCES	Tankless Water Heater
AREA	430 - Chehalis
CONSTRUCTION	Brick
HEAT	Baseboard, Electric
LOT	2.08 acre(s)
LOT DESCRIPTION	Curbs, Paved, Sidewalk
MLS STATUS	Active
STORIES	1
STYLE	56 - 10+ Units
SUBDIVISION	Chehalis
TAXES	14724
UTILITIES	Sewer Available
VIEW	Yes
VIEW DESCRIPTION	City, Mountain(s), Territorial
WATER	Public
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/27/26 8:33 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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