New Construction Duplex with
New
For Sale
$874,500
110 Baker Street # A & B, Everson, WA 98247
Two well-appointed residences offer flexible layouts, modern finishes, and convenient access to downtown Everson amenities.
Property Size3,388 SF
Price / SF$258.12
Days on Market2
Property Features for 110 Baker Street # A & B
General Information
Standard status
Active
Size
3,388 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Net Operating Income
$48,118
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,182
Amenities
Vinyl Plank
Yes
No
2
Electric
Paved
Public
Fenced-Partially,Patio
6
0.1246
Cement Planked,Wood
Poured Concrete
3388
4
Building Details
Building Size
3,388 SF
Year Built
2025
Stories
2
Listing Agency:
Ideal Real Estate
(503) 908-1694
Listed By:
Cindy Co-Pfeifer
(503) 515-7613
Source:
Premierepropertygroup
Added: Sep 1
Last Checked: Sep 1 at 9:12PM
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 Ideal Real Estate
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$788,180
$788.2K
Cap Rate 7%
$562,986
$563.0K
Cap Rate 9%
$437,878
$437.9K
Market Conditions
NOI Build-Up for 3,388 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $39,409 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,948 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $874,500.
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
