Duplex with Remodeled
For Sale
$785,000
401 N 9th Street A & B, Lynden, WA 98264
Two three-bedroom residences offer open living areas, in-unit laundry, storage, and private outdoor space.
Property Size2,892 SF
Price / SF$271.44
Days on Market67
Property Features for 401 N 9th Street A & B
General Information
Standard status
Active
Size
2,892 SF
Property subtype
Multi-Family
Amenities
in-unit laundry
private backyard spaces
dedicated storage spaces
Building Details
Year Built
1900
Listing Agency:
Muljat Group
Listed By:
Jessica Bouwman
(360) 927-2511
Source:
Lifestylehomeswithmel
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 7 at 4:18PM
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 Muljat Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 401 N 9th Street A & B includes two three-bedroom, two-bathroom units with open-concept living areas, spacious kitchens with dining space, and in-unit laundry. Each residence also has a private backyard and dedicated storage. The lower unit received a full remodel in 2020, while the property’s exterior was upgraded that year with new siding and fresh paint.
The property is positioned near parks, schools, and downtown shopping in Lynden, Washington. Its two-unit configuration and separate outdoor and storage areas provide a practical residential layout, with improvements already completed to the lower residence and exterior.
The property is positioned near parks, schools, and downtown shopping in Lynden, Washington. Its two-unit configuration and separate outdoor and storage areas provide a practical residential layout, with improvements already completed to the lower residence and exterior.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,892 SF duplex at 401 N 9th Street A & B
- Lower unit fully remodeled in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,639
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,780
$672.8K
Cap Rate 7%
$480,557
$480.6K
Cap Rate 9%
$373,767
$373.8K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$50.3K $17.40/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$48.1K $16.62/SF
− OpEx
−$14.4K −$4.99/SF
NOI
$33.6K $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 Rate 5%
$672,780
Cap Rate 7%
$480,557
Cap Rate 9%
$373,767
Alternative Uses
Best Use
Multifamily LT 5
$480.6K
$420.5K – $560.7K
NOI $33,639 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,150 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$682.2K
$597.0K – $796.0K
NOI $47,757 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
682
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer open living areas, in-unit laundry, storage, and private outdoor space.
Where is this duplex located?
The property is located at 401 N 9th Street A & B Lynden, 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 2 bathrooms; 2,892 SF duplex at 401 N 9th Street A & B; Lower unit fully remodeled in 2020
