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MLS: #NWM2467767, Listed By: Brian Richardson, Kidder Mathews, Source:NWMLS - Northwest Multiple Listing Service

673 SW 20th St

Chehalis, WA 98532
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Bed 0

Bed

Bath 0

Bath

SqFt11,720

Sqft

Acres0.97

Acre(Lot)

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 oper ations 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,840,000

AD Id : 74447592

MLS Id : NWM2467767

Lot Size : 0.97 Acre

Living Area Size : 11,720

Year Built : 2004

Garage : 12

County : Lewis

Subdivision: Harrington A B Sub

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Construction Materials: Cement Plank, Wood
  • Heating & Cooling

    Heating: Baseboard, Fireplace Insert, Wall Furnace Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 2004
  • Exterior Features

    Cement Planked, Wood Products Construction Materials: Cement Plank, Wood

  • Lot Information

    Lot Description: Dead End Street, Paved, Secluded Lot Square Feet: 42253 Lot Acres: 0.97

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1875000

  • Tax Information

    Annual Tax: $15716 Tax Year: 2026 Parcel Number: 005604183045

  • Parking Information

    Total Parking: 28

    Garage Information

    Garage Space: 12

  • Utility Information

    Sewer: Sewer Connected
  • Location Information

    Subdivision: Chehalis City: Chehalis Direction: I-5 exit 76 East on 13th right on Market, right on 20th left at address look for Madlen Court Sign
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ByOwner last updated this listing 07/06/2026 @ 18:20

MLS: NWMLS #2467767 LISTED BY: Brian Richardson, Kidder Mathews 360-705-2800 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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