Townhouse-Style 6-Unit
For Sale
$1,250,000
211 Maple, Lynden, WA 98264
Six townhouse-style units each feature 2 beds and 1 bath with private patios and access to a shared coin-op laundry room.
Property Size4,750 SF
Price / SF$263.16
Days on Market226
Property Features for 211 Maple
General Information
Standard status
Active
Size
4,750 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
6
Amenities
laundry room
private patio
storage locker
owner storage room
off-street parking
backyard
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
Bellwether Real Estate
Listed By:
Renae Ingraham
(360) 305-3650
Source:
Century21northhomes
Added: Mar 17
Changed: Oct 27
Last Checked: Oct 26 at 4:22PM
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 Bellwether Real Estate
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Investment Insights
Based on property information with market context.
This well-maintained 6-unit multifamily property includes townhouse-style units with 2 bedrooms and 1 bathroom each. Each unit has a private patio and a storage locker, and the interiors feature updated vinyl flooring, with some units also having new interior paint and flooring. The property also has a shared coin-op laundry room that has been refreshed with new paint and flooring, along with a large locked storage room for owner use.
The building sits at the end of a quiet dead-end street and includes a large off-street parking lot and a spacious grassy backyard.
Recent exterior upgrades include all new hard-plank siding, new exterior paint, and a newer metal roof.
The building sits at the end of a quiet dead-end street and includes a large off-street parking lot and a spacious grassy backyard.
Recent exterior upgrades include all new hard-plank siding, new exterior paint, and a newer metal roof.
Key Highlights
- 6‑unit multifamily property built in 1974 with townhouse‑style layout—each unit has 2 beds and 1 bath
- Private patio for each unit, plus access to a shared coin‑op laundry room
- Shared coin‑op laundry room recently refreshed with new paint and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,163
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,260
$1.0M
Cap Rate 7%
$730,900
$730.9K
Cap Rate 9%
$568,478
$568.5K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$96.9K $20.40/SF
− Vacancy
−$3.9K −$0.82/SF
EGI
$93.0K $19.58/SF
− OpEx
−$41.9K −$8.81/SF
NOI
$51.2K $10.77/SF
Area
Whatcom County, WA
Vacancy
4.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,260
Cap Rate 7%
$730,900
Cap Rate 9%
$568,478
Alternative Uses
Best Use
Apartment 5plus
$730.9K
$639.5K – $852.7K
NOI $51,163 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.5K – $1.31M
NOI $78,439 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six townhouse-style units each feature 2 beds and 1 bath with private patios and access to a shared coin-op laundry room.
Where is this apartment building located?
The property is located at 211 Maple Lynden, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1974 with townhouse‑style layout—each unit has 2 beds and 1 bath; Private patio for each unit, plus access to a shared coin‑op laundry room; Shared coin‑op laundry room recently refreshed with new paint and flooring
