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
NWM2495226
Multi Family
7
DOM
2.08 acres
32560
1922
Multi-F
Lewis
Buyer To Verify
Chehalis Mid
W F West High
Residential Incom
Multi Family
Listing Provided Courtesy of Nisha A Tomar, Lee & Associates Commercial RE
Krishna Realty data last checked: Mar 20, 2026 01:35 | Listing last modified Mar 20, 2026 01:27,
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Residence Information
32560
Composition
56 - 10+ Units
1922
Poured Concrete
Fire Sprinklers
Features and Utilities
Tankless Water Heater
Brick
Public
Available
0
Financial
14724
Cash, Conventional
03-12-2026
Comparable Information
7
7
Cash, Conventional
$1,025,000
$1,025,000
Mar 20, 2026 01:27
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Chehalis Mid N/ARatings High : W F West HighN/ARatings
Map
Listing courtesy of Lee & Associates Commercial RE.
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.
