733 NW State Street, Chehalis, WA 98532
- $400,000
Listing courtesy of CENTURY 21 Lund, Realtors. Selling Office: CENTURY 21 Lund, Realtors.
- Sold Price
- $400,000
- List Price
- $499,900
- Status
- SOLD
- MLS#
- 2469544
- Closing Date
- Apr 07, 2026
- Days on Market
- 52
- Annual Tax Ammount
- 3864
Property Description
Investment Opportunity with Mixed-Use Income Potential. This property features four ground-level retail spaces and two upper-floor apartments. Two retail units are on the front side of State Avenue, and two on the front side of Folsom Street, each offering street-level visibility and on-street parking access. One apartment is currently occupied. The second unit (721B) is vacant and partially remodeled, providing an opportunity for the new owner to complete the project to their specifications. Improvements to date include replacement windows, removal of sheetrock, and initial remodeling work, allowing flexibility in final floor plan design. Well suited for an investor or owner-user seeking a property with multiple income streams. Buyer to verify all details to their satisfaction, including square footage, unit configuration, zoning, and permitted uses.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- Community
- Chehalis
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1935
- Roof
- Composition, Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional, Rehab Loan
- Driving Directions
- Take I-5 Exit 79, go east on NW Chamber of Commerce Way to NW State Ave, turn right onto NW State Ave and drive .5 miles, 733 NW State Ave will be on the right.
- Electric Expenses
- 1800
- Other Expenses
- 3045
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $46,551
- Gross Scheduled Income
- $60,900
- Water/Sewer/Garbage Expenses
- $3,840
- Cap Rate
- 9
- Total Expenses
- $14,349
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.