We have a "clothes room" (we're cosleeping with our only child, but my DH and I have been doing the "clothes room" idea for a long time...).
Basically, the middle bedroom of our house (the one next to where we all sleep) is where all our clothes are: closet has my clothes and DH's dressy clothes, the IKEA wardrobe next to it has my DH's clothes (and two drawers for my undies and socks -- also our bedlinens are in one of the bottom drawers). Then we have a dresser that has all of our son's clothes -- plus drawers for blankets and towels for him and such. Also, his cloth diapers are in baskets on top of the dresser.
Next to his dresser are our dirty laundry hampers (except the cloth diaper pail, which is in our bathroom. Toddler poop = toliet dunking!)
We have a divan in this middle room and that is where we fold laundry. Most of the time I don't let clothes pile up on it, but occasionally there will be a HUGE pile and then my DH has to do most of the folding b/c I hate folding cold clothes!

But we're being good right now about folding laundry as it's dried...
HTH!
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