MLS #2467767 / Listing provided by NWMLS & Kidder Mathews.
$1,875,000
673 SW 20th St
Chehalis,
WA
98532
Sq Ft
Per Sq Ft
Year Built
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 875 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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 12
- Total Uncovered Parking Spaces: 8
Structure
- Roof: Composition
- Exterior Features: Cement Planked, Wood Products
Lot Details
- Lot Features: Dead End Street, Paved, Secluded
- Acres: 0.97
Schools
- High School District: Chehalis
Lot Details
- Lot Features: Dead End Street, Paved, Secluded
- Acres: 0.97
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 0
Miles Eaton
Broker | REALTOR®
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