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673 SW 20th St, Chehalis, WA 98532
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About this home
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 roofsbuilt 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 operations 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.

Redfin Estimate
Market trends in 98532, WA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- $405,0004 beds2 baths1,507 sq ft51 SW 3rd St, Chehalis, WA 98532Sybil Kuhn • Coldwell Banker Evergreen
- SHORT SALE$324,5002 beds1 bath965 sq ft1492 SW Kelly Ave, Chehalis, WA 98532Kristie Broderson • Coldwell Banker Bain
- $524,9002 beds2 baths1,458 sq ft275 McLaughlin Rd, Chehalis, WA 98532Terry Wentworth • BHGRE - Northwest Home Team
- $440,0003 beds2 baths1,493 sq ft118 Sarno Ln, Chehalis, WA 98532Billy Sarno • Kelly Right RE of Seattle LLC
- VIDEO TOUR$579,9005 beds3.5 baths2,424 sq ft1921 SE Oakview Dr, Chehalis, WA 98532Kimberly Gibson • Keller Williams Realty
- $575,0003 beds3.5 baths3,638 sq ft353 SE Crestview Dr, Chehalis, WA 98532Tonya Hanway • BHGRE - Northwest Home Team
- $545,0004 beds4 baths2,592 sq ft168 Chilvers Rd Unit E & F, Chehalis, WA 98532Leslie Myers • BHGRE - Northwest Home Team
- $489,9003 beds1.5 baths1,114 sq ft218 Valley Meadows Dr, Chehalis, WA 98532Karen St Clair • St Clair Realty
- $499,0003 beds2 baths2,094 sq ft850 SW 18th St, Chehalis, WA 98532Greg Lund • CENTURY 21 Lund, Realtors
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Sale and tax history for 673 SW 20th St
- Sale History
- Tax History
$146/sq ft
$146/sq ft
$99/sq ft
$99/sq ft
$113/sq ft
$121/sq ft
$73/sq ft
$76/sq ft
$72/sq ft
Public record
- Public record
- Zoning
R4
Multifamily High Density Zone
The intent of the R-4 zone is to provide an area for development of high density housing types, including institutions, with adequate public facilities and zoning controls designed to protect the residential living environment. Conditional uses must protect any adjacent residential development.Include but are not limited to:
- Religious facility
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
- Housing-Other
- Lodging & hospitality
- Bed & breakfast
Property details
Parking
- Parking Information
- Parking Uncovered Total: 8
- Covered Spaces: 20
- Garage Spaces: 12
Interior
- Heating & Cooling
- Has Heating
- Heating Information: Baseboard, Fireplace Insert, Wall Furnace
- Cooling Information: None
Exterior
- Building Information
- Construction Materials: Cement Plank, Wood
- Roof: Composition
- Exterior Features
- Exterior Features: Cement Planked, Wood Products
- Property Information
- Energy Source: Electric
- Style Code: 55 - 5-9 Units
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Lot Information
- MLS Lot Size Source: Public Records
- Site Features: Cable TV,Fenced-Fully,Fenced-Partially,High Speed Internet
- Lot Features: Dead End Street, Paved, Secluded
- Lot Size Units: Square Feet
- Lot Size Acres: 0.97
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $15,716
- Tax Year: 2026
- Financial Information
- Buyer Financing: Conventional
Utilities
- Utility Information
- Sewer: Sewer Connected
- Water Sewer Garbage: 0
Location
- Multi-Family Financial Information
- Electric Expense: $801
- Insurance Expense: $7,200
- Other Expense: $17,889
- Net Operating Income: $148,250
- Gross Adjusted Income: 189856
- Gross Scheduled Income: $199,848
- Total Monthly Income: 16654
- Gross Rent Multiplier: 9.21
- Total Expenses: 41606
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 18
- Vacancy Rate: 5
- # of Units (Total): 20
- Unit Type 1 Information
- Unit Name: 667
- # of Bathrooms: 2
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,300
- Actual Rent: $2,350
- Unit Type 2 Information
- Unit Name: 669 A
- # of Bathrooms: 3
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,400
- Actual Rent: $2,250
- Unit Type 3 Information
- Unit Name: 669 B
- # of Bathrooms: 3
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,400
- Actual Rent: $2,250
- Unit Type 4 Information
- Unit Name: 671 A
- # of Bathrooms: 3
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,400
- Actual Rent: $2,194
- Unit Type 5 Information
- Unit Name: 671 B
- # of Bathrooms: 3
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,400
- Actual Rent: $2,250
- Unit Type 6 Information
- Unit Name: 673
- # of Bathrooms: 2
- # of Bedrooms: 3
- Range/Oven: true
- Washer/Dryer: true
- Refrigerator: true
- Dishwasher: true
- Unit Sq. Ft.: 1,300
- Actual Rent: $2,350
- Unit Type 7 Information
- Unit Name: 1-Storage
- Unit Sq. Ft.: 251
- Actual Rent: $120
- Unit Type 8 Information
- Unit Name: 2-Storage
- Unit Sq. Ft.: 251
- Actual Rent: $130
- Unit Type 9 Information
- Unit Name: 3-Storage
- Unit Sq. Ft.: 251
- Actual Rent: $130
- Unit Type 10 Information
- Unit Name: 4-Storage
- Unit Sq. Ft.: 251
- Actual Rent: $120
- School Information
- High School District: Chehalis
- Community Information
- Amenities: Storage,Thermal Windows
Public facts
- Beds: —
- Baths: 4.0
- Sq. Ft.: 2,930
- Stories: 2.0
- Lot Size: 0.97 acres
- Style: Other
- Year Built: 2005
- Year Renovated: 2005
- County: Lewis County
- APN: 005604183045
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Thursday, September 10, 2026
- Green Information
- Green Energy Efficient: Thermal Windows
- Power Production Type: Electric
- Home Information
- Calculated Square Footage: 11720
- MLS Square Footage Source: Public Records
- Building Area Total: 11720
- Building Area Units: Square Feet
- Year Built Effective: 2005
- Effective Year Built Source: Public Records
- Structure Type: Multi Family
- Stories Total: 2
- Security Features: Fully Fenced, Partially Fenced
Around this home
Schools
Public 3-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 0.3mi
Public 9-12 • Assigned • 0.4mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 90° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
8 unhealthy days expected this year, 8 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Nearby similar homes
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Home values near 673 SW 20th St
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 2552 Sq. Ft. | $573,104 |
6 Beds | 2 Baths | 3094 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
6 Beds | 4 Baths | 2446 Sq. Ft. | — |
3 Beds | 2 Baths | 2153 Sq. Ft. | $327,267 |
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 1426 Sq. Ft. | $367,606 |
3 Beds | 2 Baths | 1305 Sq. Ft. | $410,083 |
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