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About the Listing 6432 - 108242
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.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Tankless Water Heater
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk,High Speed Internet,Zoning: Multi-Family
- Garage Capacity: N/A
- Zoning: Multi-Family
- Roof: Composition
- Others: Brick,Updated/Remodeled
- Sewer: Available
Financial Details
- Tax Amount: $14,724
- Taxes w/Assessments: N/A
- Tax/Property ID: 004236002002
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
101 SW 2nd St Chehalis, WA 98532
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