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673 SW 20th St
Chehalis, WA 98532

$1,840,000 USD

Apartments For Sale  •  23,541 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,720 SF
  • Lot Size 0.95 AC
  • Building Class C
  • Year Built 2005
  • Cap Rate 8.06 %
  • Zoning R4
30 Transit Score
40 Walk Score

Highlights

Multiple investment strategies
Value-Add opportunity through increasing rents
In-demand single-family type rental units with stable tenant base
Walkable to several schools, restaurants, athletic facilities, and after school programs with quick access to Interstate 5
24 unit/acre density allowance per the zoning allows for addtional ADU unit to be added.
Posted rent increases fully take effect by September 1, 2026, increases cap rate to 8.06%

Property Flyers

Financial Summary (Actual)

Net Operating Income: $148,250 USD (2026)
Cap Rate: 8.06 %
Total Expenses: $41,606 USD

Amenities

  • Dishwasher
  • Microwave
  • Tenant Controlled HVAC
  • Smoke Free
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Storage Space
  • Online Services
  • Deck
  • Dining Room
  • Double Pane Windows
  • Patio
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Centralia Amtrak Station (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak) 13 min - 6.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: TwoCarGarage
Included in Rent: Yes
Brian Richardson 206-276-6811 Kidder Mathews
Brian Richardson 206-276-6811 Kidder Mathews