Property Details
357 Martin Street
Blaine, WA 98230
$1,099,990
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Blaine
Listed
May 4, 2026
Financial Summary
Cap Rate
6.40%
Net Operating Income
$70,449
Gross Scheduled Income
$83,400
Gross Rent Multiplier
13.00
Total Expenses
$9,951
Building & Use
Building Sq Ft
3,000
Leasable Area
3,000 sqft
Total Units
7
Zoning
Business
Possible Use
Business
Lot Size
5,227 sqft
Year Built
1990
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1990
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Cement Planked
Location
City
Blaine
County
Whatcom
Coordinates
48.99286, -122.74870
Additional Information
Tax Year
2025
Annual Taxes
$2,864
Possession
Array
