Property Details
48 SW Chehalis
Chehalis, WA 98532
$349,000
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Property Overview
Corner lot in quasi light industrial district. Very close to freeway and downtown. The lower level consists of approx. 3,000 of showroom, shop, warehouse, office and restrooms which has been the home of Northwest Cooling & Heating for decades. Exterior entrance at SW corner of the building, leads to stairway for the three 1 bedroom/1 bath apartments. There is also a common laundry for the apartment units which is also located upstairs. Roof on main part of building replaced 4 years ago, awning roof replaced 3 years ago.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Lewis
Neighborhood
Chehalis
Listed
Mar 4, 2026
Original Price
$375,000
Financial Summary
Cap Rate
9.40%
Net Operating Income
$32,905
Gross Scheduled Income
$50,400
Gross Rent Multiplier
7.40
Total Expenses
$13,745
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
5,497
Leasable Area
5,497 sqft
Total Units
4
Zoning
Commercial,Multi-Family,Office
Possible Use
Commercial, Multi-Family, Office
Lot Size
10,019 sqft
Year Built
1940
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1940
Garage
2 spaces
Exterior Materials
Wood
Sewer
Available
Lot Features
Alley, Corner Lot, Curbs, Paved
Exterior Features
Wood Products
Location
City
Chehalis
County
Lewis
Coordinates
46.65946, -122.96926
Additional Information
Tax Year
2025
Annual Taxes
$1,700
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:32 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
