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New Garden-Style Apartment Community
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8874 Depot Rd, Lynden, WA 98264

Newly constructed garden-style community with 48 units and 2- and 3-bedroom floor plans completed in 2022.

Property SizeContact for details
Days on Market121

Property Features for 8874 Depot Rd

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 48

Building Details

Year Built 2022
Construction garden-style
Tenancy Multi
Listing Agency: JLL - Seattle, Washington
Listed By: Michael Lyford · License #WA 139567
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:21PM

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 JLL - Seattle, Washington

Investment Insights

Based on property information with market context.

Depot Estates is a newly constructed, garden-style apartment community featuring 48 units with luxury-grade finishes. The property was completed in 2022 and offers a mix of larger floor plans, including 2- and 3-bedroom units.

Located in Whatcom County in Lynden, the property is positioned for convenient access to the Bellingham corridor in under 30 minutes. The corridor is described as job-rich, with the 2021 employment growth data and job gains attributed to healthcare and educational employers and manufacturing/distribution activity. The remarks also note access to regional employers and amenities across the broader area.

Depot Estates is being marketed as an ownership opportunity, with JLL also offering Depot Villas, a sister property located across the street to the west. Offers can be made for one or both assets.

Key Highlights

  • Newly constructed garden‑style apartment community with 48 units in Whatcom County
  • Completed in 2022, featuring 2- and 3‑bedroom floor plans
  • Garden‑style property in Lynden, Washington

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Restaurant Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

555
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly constructed garden-style community with 48 units and 2- and 3-bedroom floor plans completed in 2022.
Where is this apartment building located?
The property is located at 8874 Depot Rd Lynden, WA.
What are key features of this property?
This property features: Newly constructed garden‑style apartment community with 48 units in Whatcom County; Completed in 2022, featuring 2- and 3‑bedroom floor plans; Garden‑style property in Lynden, Washington
More about this property
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