673 SW 20th St St, Chehalis, WA 98532 (MLS # 2582880)
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Listing provided courtesy of Northwest MLS; Kidder Mathews, sold by NWMLS-NonOffice
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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.
| LAST UPDATED | 9/15/2026 | TRACT | Chehalis |
|---|---|---|---|
| YEAR BUILT | 2004 | COMMUNITY | Chehalis |
| GARAGE SPACES | 12.0 | COUNTY | Lewis |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 430 - Chehalis |
| CONSTRUCTION | Cement Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Fireplace Insert, Wall Furnace |
| LOT | 0.97 acre(s) |
| LOT DESCRIPTION | Dead End Street, Paved, Secluded |
| MLS STATUS | Sold |
| STORIES | 2 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Chehalis |
| TAXES | 15716 |
| UTILITIES | Cable Available, Sewer Connected |
TOTAL MONTHLY PAYMENT
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Properties with the 
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 9/16/26 4:31 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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