Building Details

Building Size 3,388 SF

Year Built 2025

Stories 2

Listing Agency: Woodland Real Estate LLC Show Phone

Listed By: Cindy Co-Pfeifer Show Phone

Source: Premierepropertygroup

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 7:27AM

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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 Woodland Real Estate LLC

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Investment Insights

Based on property information with market context.

Completed in 2025, this duplex contains two 1,694-square-foot residences with matching three-bedroom, 2.5-bath layouts. Each unit includes a main-level primary suite, half bath, utility room with washer and dryer, spacious kitchen with pantry storage, and an upper-level loft or bonus room that can serve as a fourth bedroom or flexible living area. Durable finishes include quartz countertops, stainless steel appliances, luxury vinyl plank flooring, full window trim, and three mini-split systems for heating and cooling. Each residence also has a single-car garage and additional driveway parking.

The property is located in downtown Everson within walking distance of grocery shopping, banks, parks, bars, and dining. The combined building area is 3,388 square feet, providing two substantial residential units in a newly constructed configuration.

Key Highlights

• New construction completed in 2025
• Two 1,694‑square‑foot units; 3,388 square feet combined
• Each unit has 3 bedrooms, 2.5 baths, and a flexible upper‑level loft or bonus room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,409

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$788,180 $788.2K

Cap Rate 7%

$562,986 $563.0K

Cap Rate 9%

$437,878 $437.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,388 SF

Gross rent

$59.0K $17.40/SF

− Vacancy

−$2.7K −$0.78/SF

EGI

$56.3K $16.62/SF

− OpEx

−$16.9K −$4.99/SF

NOI

$39.4K $11.63/SF

Area

Whatcom County, WA

Vacancy

4.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$788,180

Cap Rate 7%

$562,986

Cap Rate 9%

$437,878

Alternative Uses

Best Use

Multifamily LT 5

$563.0K

$492.6K – $656.8K (±1% cap)

NOI $39,409 @ 7.0% cap · market cap 4.64%

Second Best

Apartment 5plus

$521.3K

$456.2K – $608.2K (±1% cap)

NOI $36,493 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$799.3K

$699.4K – $932.5K (±1% cap)

NOI $55,948 @ 7.0% cap · market cap 6.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Locksmith Grocery & Convenience Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Law Firm

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Explore this area Business Placement

Demographics for 98247, WA

9,067

Population

3,257

Households

2.8

Avg Household Size

36

Median Age

27%

College-Educated

89%

High-School Grad

66.7 sq mi

ZIP Area

136

Density / Sq Mi

$84,300

Median Household Income

$42,668

Median Earnings

$1,148

Median Rent

$514,400

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?

Duplex - Two well-appointed residences offer flexible layouts, modern finishes, and convenient access to downtown Everson amenities.

Where is this duplex located?

The property is located at 110 Baker Street # A & B Everson, WA.

What is the asking price?

The asking price for this property is $849,500.

What are key features of this property?

This property features: New construction completed in 2025; Two 1,694‑square‑foot units; 3,388 square feet combined; Each unit has 3 bedrooms, 2.5 baths, and a flexible upper‑level loft or bonus room