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673 SW 20th St, Chehalis
$1,711,925
2582880 MLS ⋅ SOLD Status
Posted rent increases taking effect make this a true 8.06% cap on in-place income 7 expenses. Madlen Court Rental Homes & Self-Storage blends highly desired single-family type rental homes with the additional benefit of self-storage. Featuring 6 single-family style rentals (all 3BR/2BA, ~1,400 SF avg) plus 14 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 add additional units based on 24 du/acre density zoning for the property. Also, an investor subdivide and sell the residential units individually for a profit and keep the storage for pure cash-flow.

673 SW 20th St, Chehalis

Listing Broker: Kidder Mathews; Brian Richardson; 206-276-6811; brianr@kiddermathews.com Selling Office: NWMLS-NonOffice.

139 Coulson Road, Chehalis
$1,699,000
3 Beds ⋅ 2 Baths ⋅ 2573218 MLS ⋅ ACTIVE Status
Discover the ultimate country retreat on just shy of 10 acres, where remarkable craftsmanship, expansive spaces and stunning Mt. Rainier views come together to create an exceptional property. Custom built by a contractor with an emphasis on quality, this one-of-a-kind home is designed for everyday living and unforgettable gatherings. The impressive entertaining layout offers room for everyone, with a gorgeous kitchen, living area, and wet bar upstairs and downstairs a custom one of a kind recreation/game room, partially finished theater room, another finished room and family room. Step outside to the expansive deck with sleek tempered glass railing and take in the peaceful surroundings while enjoying your favorite beverage or hosting a crowd.The property is equally impressive outdoors, featuring a new roof, 3 car garage, two gigantic shops with expansive gravel yard area perfect for construction vehicles and equipment, pasture for all the animals, garden area, chicken house, well, septic and a beautiful fish pond with cascading waterfall. Fountains welcome you at the entrance, setting the tone for the thoughtful details found throughout. Whether you're looking for room for animals, space for your business, hobbies, a spectacular place to entertain, or a peaceful retreat with stunning views, this property delivers. A remarkable opportunity to create your own private gathering place for holidays, celebrations and all of life's special occasions. Napavine or Chehalis schools.

139 Coulson Road, Chehalis

Listing Broker: Blade Realty LLC; Heather Stewart; 360-508-1320; heather@heatherstewartrealty.com

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