PROPERTIES FOR SALE

673 SW 20th St Chehalis, WA 98532

NWMLS Courtesy of Kidder Mathews
673 SW 20th St
Chehalis, WA 98532
$1,875,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Madlen Court Rental Homes & Self-Storage blends highly desired single-family type rental homes with the additional benefit of self-storage. Featuring six single-family style rentals (all 3BR/2BA, ~1,400 SF avg) plus fourteen 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 subdivide and sell the residential units individually for a profit and keep the storage for pure cash-flow.

Property Features

Community: Chehalis
5-9 Units
Cable TV
Fenced-Fully
Fenced-Partially
High Speed Internet
Exterior: Cement Planked
Exterior: Wood Products
Roof: Composition
Year Built: 2004
2025 Taxes: $14260.00
Buyer Broker Comp.: 2%
Listing #: 2467767

Lot Details

Lot Size: 0.97 acres
Dead End Street
Paved
Secluded
No. of Units: 7

Interior

Cooling: None
Heating: Insert, Wall Unit(s), Baseboard
Electric

Common Features

Storage
Thermal Windows

Schools

District: Chehalis
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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