Two-Unit Duplex with
1329 Mitchell Avenue, Blaine, WA 98230
For Sale
$785,000
Each residence has three bedrooms, a private deck, and its own garage.
Property Size2,814 SF
Price / SF$278.96
Days on Market60
Property Features for 1329 Mitchell Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private deck
shared lawn area
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Leah M. Crews
(360) 371-5100
Source:
Donitadickinson
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 7 at 5:56PM
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 Windermere RE Whatcom, Inc.
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Investment Insights
Based on property information with market context.
Built in 2004, this townhouse-style duplex contains two residences totaling 2,814 square feet. Each unit has three bedrooms, 1.75 bathrooms, a private garage, and a deck. The property also includes a shared lawn between the duplex and garages, with views of Drayton Harbor from the decks.
The property is within walking distance of downtown Blaine, local schools, and Marine Park. I-5 and the Canadian border are accessible nearby. Both units are occupied and have a history of long-term rentals.
The property is within walking distance of downtown Blaine, local schools, and Marine Park. I-5 and the Canadian border are accessible nearby. Both units are occupied and have a history of long-term rentals.
Key Highlights
- Two units, each with 3 bedrooms and 1.75 bathrooms
- 2,814 total square feet; built in 2004
- Private garage and deck for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,732
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,640
$654.6K
Cap Rate 7%
$467,600
$467.6K
Cap Rate 9%
$363,689
$363.7K
Market Conditions
NOI Build-Up for 2,814 SF
Gross rent
$49.0K $17.40/SF
− Vacancy
−$2.2K −$0.78/SF
EGI
$46.8K $16.62/SF
− OpEx
−$14.0K −$4.99/SF
NOI
$32.7K $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%
$654,640
Cap Rate 7%
$467,600
Cap Rate 9%
$363,689
Alternative Uses
Best Use
Multifamily LT 5
$467.6K
$409.2K – $545.5K
NOI $32,732 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$433.0K
$378.9K – $505.2K
NOI $30,310 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$663.8K
$580.9K – $774.5K
NOI $46,469 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
Demographics for 98230, WA
18,754
Population
9,395
Households
2
Avg Household Size
48
Median Age
32%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
441
Density / Sq Mi
$82,716
Median Household Income
$45,603
Median Earnings
$1,255
Median Rent
$467,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a private deck, and its own garage.
Where is this duplex located?
The property is located at 1329 Mitchell Avenue Blaine, WA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.75 bathrooms; 2,814 total square feet; built in 2004; Private garage and deck for each unit
