Apartment Building

Friday Harbor, WA Apartment Buildings for Sale

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Multifamily Apartment Complex
Updated: Apr 12
Multifamily Apartment Complex

849 Spring Street, Friday Harbor, WA 98250

$2,525,000
20,000 sqft
Spring Street Square in Friday Harbor: approx. 20,000± SF across five buildings, currently configured as 24 units
Generates a stated 6.5% cap rate currently, with projected returns of approx. 7.8% upon stabilization
Sale includes two tax parcels plus an additional 0.55± acre vacant lot
Parking for 40 spaces, with prominent Spring Street frontage
Recent upgrades include a fire suppression system, improvements to landings and railings, and exterior paint
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Friday Harbor, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

9-Unit Apartment Building
9-Unit Apartment Building

1955 Eaton, Ferndale, WA 98248

$1,550,000
8,184 sqft

Two adjacent buildings offer occupied units, on-site laundry, parking, and an enclosed courtyard.

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5-Unit Apartment Building
5-Unit Apartment Building

900 N Garden, Bellingham, WA 98225

$1,750,000
4,200 sqft

American Four Square property with updated systems, separate metering, and gas hot water heating.

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Multifamily Property Near WWU Campus
Multifamily Property Near WWU Campus

1011 21st Street, Bellingham, WA 98225

$8,400,000
25,265 sqft

19-unit multifamily property near Western Washington University.

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Entitled Multifamily Development Site
Entitled Multifamily Development Site

5701 Shannon Avenue, Ferndale, WA 98248

Contact for pricing
8.60 AC lot

Site plan approved for a phased multifamily project with 260 units and planned views.

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Off-Market Properties in Friday Harbor, WA

Consider similar Off-Market properties in Friday Harbor, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Friday Harbor, WA 98250
APARTMENT HOUSE (5+ UNITS)

Friday Harbor, WA 98250

$205,000
Estimated value
0.26 AC lot
View details
Friday Harbor, WA 98250
APARTMENT HOUSE (5+ UNITS)

Friday Harbor, WA 98250

$595,000
Estimated value
5,065 sqft 40.09 AC lot
View details

Friday Harbor, WA Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Friday Harbor, WA on our real estate platform. These investment opportunities span a total of 20,000 square feet of properties for sale, with an estimated market value of $2,525,000.

Sale prices for two-family homes in Friday Harbor, WA average $2,525,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 9,127
Population Growth (5Y) +13.8%
Median Household Income $90,146
College Educated 72.7%

High-Yield Neighborhoods for Investment

Identify Friday Harbor submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
98250 $2.5M

Taxes & Financing

Tax Rate (average for all types) 0.57%
Property Tax per SF $2.93 per SF
Average Loan-to-Value 65.0%

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