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Market Street Development Opportunity
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1887 S Market Boulevard, Chehalis, WA 98532

Property with civil engineering complete for multi-family development.

Property Size1,900 SF
Price / SF$420.53
Days on Market146

Property Features for 1887 S Market Boulevard

General Information

Standard status Active
Size 1,900 SF
Property subtype Special Purpose

Building Details

Year Built 1935
Listing Agency: Century 21 Lund, Realtors
Listed By: Randy Sullivan · License #WA
Source: Crexi
Added: Mar 17 Changed: Aug 8 Last Checked: Jul 16 at 10:59AM

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 Century 21 Lund, Realtors

Investment Insights

Based on property information with market context.

This property on Market Street in Chehalis presents an investment opportunity, with civil engineering completed for a multi-family development. Draft site plans are available for 15 townhomes, making it a suitable location for rental units. The property is conveniently located approximately five blocks from a grocery store and is situated on a bus line, near a large city park complex, and schools. The site includes a 1,900 sq ft home with a garage, which could generate income while finalizing development plans. The seller recently rented the house for $1,800 per month. This property is suitable for a sole owner or multiple investors.

Key Highlights

  • Civil engineering complete for a Multi‑Family Development.
  • Draft site plans available for 15 Townhomes.
  • Existing 1,900 sq ft home provides rental income potential ($1,800/month).

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service Nail Salon Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

412
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Property with civil engineering complete for multi-family development.
Where is this residential land & home lot located?
The property is located at 1887 S Market Boulevard Chehalis, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Civil engineering complete for a Multi‑Family Development.; Draft site plans available for **15 Townhomes**.; Existing 1,900 sq ft home provides rental income potential ($1,800/month).
More about this property
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