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.
| MLS # | 2495226 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 195 |
| Listing Provided By | Lee & Associates Commercial RE | Nisha A Tomar |
| SQ Feet | 32,560 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Zoning | Multi-Family |
| Acreage | 2.08 |
| Property View | Yes |
| Property | 14724 |
|---|
| State | WA |
|---|---|
| County | Lewis |
| City | Chehalis |
| Zip Code | 98532 |
| Area | 430 Chehalis |
| Community Name | Chehalis |
| School District | W F West High |
| Elementary School | Buyer To Verify |
| High School | W F West High |
| Listing VS Median (in Chehalis) | |
Price: $10,250,000 low | high Med: $549,900 sqft: 32,560 low | high Med: 1,920 $ / sqft: $315 low | high Med: $286 On site: 195 low | high Med: 171 | |
| State | WA |
|---|---|
| County | Lewis |
| City | Chehalis |
| Zip Code | 98532 |
| Area | 430 Chehalis |
| Community Name | Chehalis |
| School District | W F West High |
| Elementary School | Buyer To Verify |
| High School | W F West High |
| Listing VS Median (in Chehalis) | |
Price: $10,250,000 low | high Med: $549,900 sqft: 32,560 low | high Med: 1,920 $ / sqft: $315 low | high Med: $286 On site: 195 low | high Med: 171 | |