Duplex with Attached
For Sale
$865,000
517 Colton, Everson, WA 98247
Two contemporary residences offer open layouts, upgraded finishes, and private fenced outdoor areas.
Property Size2,994 SF
Price / SF$288.91
Days on Market71
Property Features for 517 Colton
General Information
Standard status
Active
Size
2,994 SF
Total Parking Spaces
4
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2024
Listing Agency:
COMPASS
Listed By:
Anthony Hoefakker
(360) 233-5033
Source:
Skylineproperties
Added: Jul 28
Changed: Oct 6
Last Checked: Oct 5 at 9:10PM
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 COMPASS
Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two residences, each with 1,497 square feet of living area. Both layouts include three bedrooms, 2.5 bathrooms, vaulted ceilings, quartz countertops, shaker-style cabinetry, stainless steel appliances, luxury vinyl plank flooring, and mini-split heating and cooling. Each unit also has an attached two-car garage and a privately fenced backyard.
The property is located at 517 Colton Ln in Everson, Washington. The structure was built two feet above the 100-year flood elevation, and the property information states that flood insurance is not required. Contemporary interior finishes and practical outdoor and garage features create a consistent configuration across both units.
The property is located at 517 Colton Ln in Everson, Washington. The structure was built two feet above the 100-year flood elevation, and the property information states that flood insurance is not required. Contemporary interior finishes and practical outdoor and garage features create a consistent configuration across both units.
Key Highlights
- Two‑unit duplex completed in 2024
- Each residence offers 1,497 square feet, 3 bedrooms, and 2.5 bathrooms
- Attached two‑car garage provided with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,826
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,520
$696.5K
Cap Rate 7%
$497,514
$497.5K
Cap Rate 9%
$386,956
$387.0K
Market Conditions
NOI Build-Up for 2,994 SF
Gross rent
$52.1K $17.40/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$49.8K $16.62/SF
− OpEx
−$14.9K −$4.99/SF
NOI
$34.8K $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%
$696,520
Cap Rate 7%
$497,514
Cap Rate 9%
$386,956
Alternative Uses
Best Use
Multifamily LT 5
$497.5K
$435.3K – $580.4K
NOI $34,826 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$460.7K
$403.1K – $537.5K
NOI $32,249 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$706.3K
$618.0K – $824.0K
NOI $49,442 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
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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
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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 contemporary residences offer open layouts, upgraded finishes, and private fenced outdoor areas.
Where is this duplex located?
The property is located at 517 Colton Everson, WA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2024; Each residence offers 1,497 square feet, 3 bedrooms, and 2.5 bathrooms; Attached two‑car garage provided with each unit
