6288 Oak Court, Maple Falls, WA 98266

Building Details

Year Built 1988 More

Buildings 2 More

Construction manufactured home More

Listing Agency: John L. Scott Real Estate / Yelm

Listed By: Bill Sauneuf Show Phone

Source: Realestateyelm

Added: Sep 28 Changed: Nov 7 Last Checked: Nov 7 at 9:18AM

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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 John L. Scott Real Estate / Yelm

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Investment Insights

Based on property information with market context.

Set on a 7,841-square-foot parcel in the Paradise Lakes area, this 1988 manufactured home has two bedrooms and one bathroom. A covered porch features a metal roof and timber supports, while the grounds include established landscaping, mature evergreens, and rock gardens. A separate prefab structure measures approximately 500 square feet; buyers should verify its permitted use.

Key Highlights

• Two‑bedroom, one‑bath manufactured home built in 1988
• 7,841‑square‑foot lot in Paradise Lakes
• Covered porch with metal roofing and substantial timber supports

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,340

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$206,800 $206.8K

Cap Rate 7%

$147,714 $147.7K

Cap Rate 9%

$114,889 $114.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 960 SF

Gross rent

$19.6K $20.40/SF

− Vacancy

−$783 −$0.82/SF

EGI

$18.8K $19.58/SF

− OpEx

−$8.5K −$8.81/SF

NOI

$10.3K $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%

$206,800

Cap Rate 7%

$147,714

Cap Rate 9%

$114,889

Alternative Uses

Best Use

Apartment 5plus

$147.7K

$129.3K – $172.3K (±1% cap)

NOI $10,340 @ 7.0% cap · market cap 5.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$226.5K

$198.2K – $264.2K (±1% cap)

NOI $15,853 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

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Demographics for 98266, WA

4,097

Population

1,918

Households

2.1

Avg Household Size

39

Median Age

12%

College-Educated

88%

High-School Grad

50.6 sq mi

ZIP Area

81

Density / Sq Mi

$53,115

Median Household Income

$32,350

Median Earnings

$1,217

Median Rent

$358,300

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Whatcom County, WA

$357 Jul

$360 Aug

$337 Sep

$355 Oct

Properties on Market for Residential income properties in Whatcom County

Jul

Aug

Sep

Oct

Frequently Asked Questions

What type of property is this?

Residential income property - A separate prefab building adds space alongside the two-bedroom, one-bath residence.

Where is this residential income property located?

The property is located at 6288 Oak Court Maple Falls, WA.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Two‑bedroom, one‑bath manufactured home built in 1988; 7,841‑square‑foot lot in Paradise Lakes; Covered porch with metal roofing and substantial timber supports