Updated
For Sale
$545,000
168 Chilvers Rd E & F, Chehalis, WA 98532
Two separate residences offer a flexible configuration on a corner parcel near Chehalis amenities.
Property Size2,592 SF
Lot Size0.54 Acres
Price / SF$210.26
Days on Market9
Property Features for 168 Chilvers Rd E & F
General Information
Standard status
Active
Size
2,592 SF
Lot size
0.54 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
BHGRE - Northwest Home Team
Listed By:
Leslie A. Myers · License #74401
(360) 345-1006
Source:
Southwestwahomefinder
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE - Northwest Home Team
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Investment Insights
Based on property information with market context.
This Chehalis duplex contains two residences, each with two bedrooms, one-and-a-half bathrooms and approximately 1,290 square feet. The building totals 2,592 square feet and dates to 1975. Unit F has received substantial updates; other improvements include interior paint, new flooring on the main level and a roof installed in 2022.
The property occupies a 0.54-acre corner lot. I-5, downtown Chehalis, shopping and medical facilities are a short drive away. Enrollment may be available through either the Chehalis or Adna School District, subject to district requirements.
The property occupies a 0.54-acre corner lot. I-5, downtown Chehalis, shopping and medical facilities are a short drive away. Enrollment may be available through either the Chehalis or Adna School District, subject to district requirements.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Approximately 1,290 square feet per unit; 2,592 square feet total
- 0.54‑acre corner lot in Chehalis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,718
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,360
$554.4K
Cap Rate 7%
$395,971
$396.0K
Cap Rate 9%
$307,978
$308.0K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$42.0K $16.20/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$39.6K $15.28/SF
− OpEx
−$11.9K −$4.58/SF
NOI
$27.7K $10.69/SF
Area
Lewis County, WA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,360
Cap Rate 7%
$395,971
Cap Rate 9%
$307,978
Alternative Uses
Best Use
Multifamily LT 5
$396.0K
$346.5K – $462.0K
NOI $27,718 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$365.3K
$319.6K – $426.1K
NOI $25,568 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$790.6K
$691.8K – $922.3K
NOI $55,340 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 98532, WA
25,572
Population
10,300
Households
2.5
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
311.6 sq mi
ZIP Area
82
Density / Sq Mi
$86,057
Median Household Income
$47,467
Median Earnings
$1,070
Median Rent
$381,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a flexible configuration on a corner parcel near Chehalis amenities.
Where is this duplex located?
The property is located at 168 Chilvers Rd E & F Chehalis, WA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 bathrooms; Approximately 1,290 square feet per unit; 2,592 square feet total; 0.54‑acre corner lot in Chehalis
