357 Martin Street, Blaine, WA 98230
- $1,099,990
- 3,000
- SqFt
Listing courtesy of Windermere RE Whatcom, Inc..
- List Price
- $1,099,990
- Status
- ACTIVE
- MLS#
- 2517689
- Days on Market
- 153
- Style
- 55 - 5-9 Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,000
- Area Total SqFt
- 3000
- Annual Tax Ammount
- 2864
- Internet Provider
- Xfinity/Ziply- Buyer to verify
- Lot Size (sq ft)
- 5,227
- Sewer
- Sewer Connected
Property Description
Prime mixed-use investment opportunity in the heart of Blaine, WA. This 3,000 sq ft income-producing commercial building offers a strong blend of residential and retail revenue streams in a high-demand, walkable location. Featuring multiple fully leased units, this property provides immediate cash flow with upside potential. The upper level includes two remodeled residential units, each approximately 750 sq ft with 2 bedrooms and 1 full bath, showcasing modern upgrades such as custom cabinetry, luxury vinyl plank flooring, tile finishes, updated appliances, new windows, and doors. The main level offers flexible commercial space with established retail presence, three office suites, and an additional residential unit, creating diversified income sources. Recent capital improvements include new cement board siding, a new roof, and composite exterior stairs, enhancing long-term durability and reducing future maintenance costs. Ample parking is available via alley access and street frontage. Strategically located near downtown Blaine, I-5, and the US/Canada border, this property benefits from consistent local traffic and cross-border economic activity. Ideal for investors seeking a stabilized asset with mixed-use zoning, strong rental history, and long-term appreciation potential.
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Additional Information
- List Date
- 2026-02-26 17:40:12
- Community
- Blaine
- Net Operating Income
- $70,449
- Gross Adjusted Income
- $80,400
- Gross Scheduled Income
- $83,400
- Total Monthly Income
- $6,800
- Insurance Expenses
- $2,100
- Water/Sewer/Garbage Expenses
- $1,668
- Gross Rent Multiplier
- 13
- Total Expenses
- $9,951
- Cap Rate
- 6.4
- Total Number of Units
- 7
- Unit Name
- 357
- Potential Terms
- Cash, Conventional
- Year Built
- 1990
- Roof
- Composition, Flat
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 2919
- Other Expenses
- 400
- Energy Source
- Electric
- School District
- Blaine
- Elementary School
- Blaine Elem
- Middle School
- Blaine Mid
- High School
- Blaine High
- Total Monthly Income
- $6,800
- Gross Scheduled Income
- $83,400
- Gross Adjusted Income
- $80,400
- Tax Year
- 2025
- Insurance Expense
- $2,100
- W/S/G Expenses
- $1,668
- Total Expenses
- $9,951
- Net Operating Income
- $70,449
- Gross Rent Multiplier
- 13
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.