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1933-1935 S Market Blvd 12 Unit Apartment Building $1,799,000 ($149,917/Unit) 6.67% Cap Rate Chehalis, WA 98532
INVESTMENT HIGHLIGHTS
- Fully occupied building with strong history of no vacancy
- Brand new roof
- Convenient access to schools, parks, and shopping
EXECUTIVE SUMMARY
Well-maintained 12-unit apartment complex with a stable rental history and strong tenant retention. Each unit offers 2 bedrooms, 1 bathroom, and generous living and dining spaces. Residents enjoy on-site laundry, ample parking, and a convenient location near I-5, shopping, and schools. Significant upside potential exists through rent increases to the current market rate of ~$1,295 and adjustments to the current utility chargebacks. BRAND NEW roof as of June 2025! Parcel 005604053175 included in sale.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.78 AC |
| Cap Rate | 6.67% | Building Size | 8,144 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CG | ||
| Price | $1,799,000 |
| Price Per Unit | $149,917 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 8,144 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
| Zoning | CG |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Carpet
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $1,158 | 650 |
PROPERTY TAXES
| Parcel Number | 005604-053-177 | Total Assessment | $970,700 |
| Land Assessment | $288,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $681,900 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
005604-053-177
Land Assessment
$288,800
Improvements Assessment
$681,900
Total Assessment
$970,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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MATTERPORT 3D TOUR
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1933-1935 S Market Blvd
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