Craftsman Duplex with Two-Car
For Sale
$899,000
Pending
1405 Foxtail St Unit A & B, Lynden, WA 98264
Two well-appointed residences offer open interiors, private outdoor areas, and convenient in-unit laundry.
Property Size4,264 SF
Days on Market8
Property Features for 1405 Foxtail St Unit A & B
General Information
Standard status
Pending
Size
4,264 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2007
Construction
Craftsman
Listing Agency:
Keller Williams Western Realty
Listed By:
Jennifer Glyzinski
(360) 738-7070
Source:
Findahomeseattle
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 9 at 11:27AM
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 Keller Williams Western Realty
Investment Insights
Based on property information with market context.
Built in 2007, this 4,264-square-foot Craftsman duplex includes two residences, each with 3 bedrooms and 2.5 bathrooms. Both units feature open-concept living areas, vaulted ceilings, second-floor laundry, stainless steel kitchen appliances, generous bedroom closets, and abundant natural light. Balconies overlook the main living areas, while garden and deck spaces extend from the dining rooms. The property is well insulated and includes a two-car garage with additional storage capacity.
Located on Foxtail St in Lynden, the duplex is three blocks from Lynden High School and minutes from downtown. The quiet-street setting provides convenient access to nearby community amenities while maintaining a residential feel.
Located on Foxtail St in Lynden, the duplex is three blocks from Lynden High School and minutes from downtown. The quiet-street setting provides convenient access to nearby community amenities while maintaining a residential feel.
Key Highlights
- Two‑unit duplex with 4,264 SF
- Each unit includes 3 BD and 2.5 BA
- Built in 2007
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
$49,598
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
5.52%
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%
$991,960
$992.0K
Cap Rate 7%
$708,543
$708.5K
Cap Rate 9%
$551,089
$551.1K
Market Conditions
NOI Build-Up for 4,264 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
$74.2K $17.40/SF
− Vacancy
−$3.3K −$0.78/SF
EGI
$70.9K $16.62/SF
− OpEx
−$21.3K −$4.99/SF
NOI
$49.6K $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%
$991,960
Cap Rate 7%
$708,543
Cap Rate 9%
$551,089
Alternative Uses
Best Use
Multifamily LT 5
$708.5K
$620.0K – $826.6K
NOI $49,598 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$656.1K
$574.1K – $765.5K
NOI $45,928 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.01M
$880.2K – $1.17M
NOI $70,414 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 98264, WA
23,170
Population
8,395
Households
2.8
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
57.2 sq mi
ZIP Area
405
Density / Sq Mi
$95,225
Median Household Income
$47,046
Median Earnings
$1,611
Median Rent
$538,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed residences offer open interiors, private outdoor areas, and convenient in-unit laundry.
Where is this duplex located?
The property is located at 1405 Foxtail St Unit A & B Lynden, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with 4,264 SF; Each unit includes 3 BD and 2.5 BA; Built in 2007
