101 SW 2nd St

Chehalis, WA 98532

$10,250,000
Price
7
Beds
6
Baths
32,560 Sq. Ft.
$315 / Sq. Ft.
32,560
Sq. Ft.
$315
per Sq. Ft.
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a kitchen with stainless steel appliances a stove sink and cabinets
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Listing provided courtesy of Lee & Associates Commercial RE
Source: Northwest MLS

Description

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,...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.
  1. Listed by Nisha A Tomar • Lee & Associates Commercial RE
    P: (206)-267-1457 ntomar@lee-associates.com

Property Details for 101 Southwest 2nd Street

Community Name
Chehalis
School District
Chehalis
View
City, Mountains, Partial, Territorial
Total Covered Parking
0
Entry Date
03-12-2026
Energy Source
Electric
Sewer
Available
LISTING UPDATED: 03/25/2026 11:33 AM

Property Details for 101 Southwest 2nd Street

StatusActive
MLS #2495226
Days on Market20
Cumulative Days on Market20
Taxes$14,724 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size2.08 AC / 90,605 SF
CountyLewis County
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Location

Listing Courtesy of Lee & Associates Commercial RE
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Building Information for 101 Southwest 2nd Street

Stories1Residences6Year Built1922Building Size-Lot Size2.08 AC / 90,605 SF

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$50,972 per month

30 year fixed, 6.11% Interest

Principal and Interest

$49,745

Property Taxes

$1,227

HOA Dues

$0

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Property Information for 101 Southwest 2nd Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: High Speed Internet
  • Area: 430 - Chehalis
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Chehalis Mid
  • High School: W F West High
  • Effective Year Built Source: See Remarks
  • Directions: From Seattle/Tacoma, take I-5 South, exit at 77 (Main St / WA-6), turn left, then left on SW 2nd St.
  • Leased Items: Security System,Washer/Dryer
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Appliances: Tankless Water Heater
  • Amenities: Fire Sprinklers
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Composition
  • Security Features: Security System
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 42647
  • Power Company: PSE
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: See Remarks
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2025
  • Photos Count: 21
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 004236002002
  • Building Condition: Remodeled
  • Calculated Square Footage: 32560
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 32560.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 102
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 6
  • Units Below Grade: true
  • Units In Building Total: 51
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 199018
  • Gross Adjusted Income: 790077
  • Gross Rent Multiplier: 13.54
  • Gross Scheduled Income: $756,900
  • Insurance Expense: $25,493
  • Net Operating Income: $591,059
  • Other Expenses: $116,154
  • Total Monthly Income: 65840
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 100
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 827
  • Rent Unit 1: $1,395.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 101
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 775
  • Rent Unit 2: $1,395.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 102
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 736
  • Rent Unit 3: $1,195.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 103
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 746
  • Rent Unit 4: $1,195.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 104
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 385
  • Rent Unit 5: $995.00
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 105-303
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 620
  • Rent Unit 6: $1,195.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 32560.0

Property History for 101 Southwest 2nd Street

DateEvent & SourcePriceAppreciation
Mar 19, 2026

Price Change

NWMLS #2495226

$10,250,000—
Mar 12, 2026

Listed (Active)

NWMLS #2495226

$1,025,000—
DateEvent & SourcePrice
03/19/2026

Price Change

NWMLS #2495226

$10,250,000
03/12/2026

Listed (Active)

NWMLS #2495226

$1,025,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 101 Southwest 2nd Street

Taxable ValueLand$453,000Additions$1,250,200Total$1,703,200
Tax Record2024$13,630 ($1,136 / month)
Home Facts
Stories1StyleStoresCountyLEWISAPN004236002002

Schools near 101 Southwest 2nd Street

This home is within Chehalis School District.
Rating
School
Type
Grades
Distance
James W Lintott Elementary School
Public - PK to 2
Orin C Smith Elementary School
Public - 3 to 5
Chehalis Middle School
Public - 6 to 8
W F West High School
Public - 9 to 12
Rating
School
Distance
James W Lintott Elementary School
PublicPK to 2

Orin C Smith Elementary School
Public3 to 5

Chehalis Middle School
Public6 to 8

W F West High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 101 Southwest 2nd Street, Chehalis, WA 98532

101 Southwest 2nd Street is a multi-family home for sale in Chehalis, WA 98532. This property was listed for sale on March 12, 2026 by Lee & Associates Commercial RE, it's currently listed at $10,250,000. This listing's school district is Chehalis School District. Nearby schools include James W Lintott Elementary School, Orin C Smith Elementary School and Chehalis Middle School. 101 Southwest 2nd Street is a 7-bed, 6-bath, 32,560 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Commercial RE

Based on information submitted to the MLS GRID as of 03/25/2026 11:33 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.