Property Details
7687 Francis Lane #1-4
Blaine, WA 98230
$1,000,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 9
Property Overview
MAJOR PRICE REDUCTION. MOTIVATED SELLER HAS REDUCED THE PRICE AGAIN. Birch Bay living year round. Updated 4-plex located one block off Birch Bay Drive. Three 2 bedroom units and 1 one bedroom unit. All units were remodeled in 2021. Parking lot resurfaced in 2024. Laundry room on site equipped with stack washer/dryer. VA Loan 2.75% interest rate can be assumed by a non-veteran. Balance owing is $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Birch Bay
Listed
Jun 24, 2024
Original Price
$1,250,000
Financial Summary
Cap Rate
5.60%
Net Operating Income
$56,038
Gross Scheduled Income
$67,200
Gross Rent Multiplier
14.88
Total Expenses
$11,162
Building & Use
Building Sq Ft
2,004
Leasable Area
2,004 sqft
Total Units
4
Zoning
Commercial,See Remarks
Possible Use
Commercial, See Remarks
Lot Size
6,098 sqft
Year Built
1952
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1952
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Lot Features
Paved
Exterior Features
Wood
Location
City
Blaine
County
Whatcom
Coordinates
48.92079, -122.74314
Additional Information
Tax Year
2025
Annual Taxes
$6,527
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 11:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
