Two-Unit Duplex with Private
For Sale
$515,000
Pending
541 545 D St, Blaine, WA 98230
Tenant-occupied property with covered carports, storage rooms, and a partially fenced yard.
Property Size1,410 SF
Days on Market66
Property Features for 541 545 D St
General Information
Standard status
Pending
Size
1,410 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$46,800
Highway Access
Yes
Amenities
private entrance
dedicated laundry room
covered carport
private storage/utility room
storage shed
partially fenced yard
mature fruit trees
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
RE/MAX Whatcom County, Inc.
Listed By:
Keith Cook · License #7189
(360) 739-5600
Source:
Eastsideseattleproperties
Added: Aug 11
Changed: Oct 13
Last Checked: Oct 14 at 11:33PM
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 RE/MAX Whatcom County, Inc.
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Investment Insights
Based on property information with market context.
Built in 1959, this 1,410-square-foot duplex contains two two-bedroom, one-bathroom units. Each residence has its own entrance, a dedicated laundry room, covered carport, and adjoining private storage and utility room. The property also includes a partially fenced yard, mature fruit trees, a storage shed, alley access, and off-street parking. Both units are currently tenant occupied.
The property is located near downtown Blaine, schools, parks, shopping, the marina, I-5, and the U.S./Canada border. Its configuration provides separate residential spaces with practical storage and outdoor features, along with convenient access to nearby community and transportation destinations.
The property is located near downtown Blaine, schools, parks, shopping, the marina, I-5, and the U.S./Canada border. Its configuration provides separate residential spaces with practical storage and outdoor features, along with convenient access to nearby community and transportation destinations.
Key Highlights
- Two‑bedroom, one‑bathroom layout in each unit
- 1,410 square feet across the duplex
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,401
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,020
$328.0K
Cap Rate 7%
$234,300
$234.3K
Cap Rate 9%
$182,233
$182.2K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$24.5K $17.40/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$23.4K $16.62/SF
− OpEx
−$7.0K −$4.99/SF
NOI
$16.4K $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%
$328,020
Cap Rate 7%
$234,300
Cap Rate 9%
$182,233
Alternative Uses
Best Use
Multifamily LT 5
$234.3K
$205.0K – $273.4K
NOI $16,401 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$217.0K
$189.8K – $253.1K
NOI $15,187 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$332.6K
$291.1K – $388.1K
NOI $23,284 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
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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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?
Duplex - Tenant-occupied property with covered carports, storage rooms, and a partially fenced yard.
Where is this duplex located?
The property is located at 541 545 D St Blaine, WA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom layout in each unit; 1,410 square feet across the duplex; Built in 1959
