$10250000

Bed
Bath
32560 SqFt
7 DOM
Built: 1922
Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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 Provided Courtesy of Nisha A Tomar, Lee & Associates Commercial RE

General Information

MLS #NWM2495226
TypeMulti Family
Days on Market 7 DOM
Beds
Lot Size 2.08 acres
Baths
SqFt32560
Year built1922
ZoningMulti-F
CountyLewis
Tax ID
ElemBuyer To Verify
MiddleChehalis Mid
HighW F West High
PropCategoryResidential Incom
PropTypeMulti Family
Neighborhood (Legal)

Listing Provided Courtesy of Nisha A Tomar, Lee & Associates Commercial RE

Kasamestates data last checked: Mar 20, 2026 02:50 | Listing last modified Mar 20, 2026 01:27, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt32560
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
RoofComposition
Garage
Style56 - 10+ Units
Parking
Levels
Year Built1922
Green Cert
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
FoundationPoured Concrete
Windows
AmenitiesFire Sprinklers

Features and Utilities

Living
KitchenTankless Water Heater
Interior
ExteriorBrick
Accessibility
Cool
WaterPublic
Heat
SewerAvailable
Hot Water
Fuel0

Financial

PTax/Yr14724
HOA
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash, Conventional
List Date03-12-2026
Rent (If Rented)
Bank Owned/REO
Short Sale

Comparable Information

Pending Date
DOM 7
CDOM 7
Sold Date
TermsCash, Conventional
Original Price$1,025,000
List Price$1,025,000
Sold Price
Last ModifiedMar 20, 2026 01:27

Schools

Elementary : Buyer To Verify N/A Ratings

Middle : Chehalis Mid N/A Ratings

High : W F West High N/A Ratings

Map

Listing courtesy of Lee & Associates Commercial RE.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 20, 2026 02:50 | Listing last modified Mar 20, 2026 01:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

101 SW 2nd St

$10,250,000