351 Martin Street Blaine, WA $ 1,300,000
351 Martin Street
$ 1,300,000
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351 Martin Street

Blaine, WA, 98230
$ 1,300,000
Bedrooms12 Baths12.0 Sq 5,372

Monthly Estimate*

$ 8,979

Listed by Brandi Coplen, Windermere RE Whatcom, Inc., 360-201-3951, bcoplen@windermere.com
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Multi-Family Home for sale in Blaine, WA

for $1,300,000 with 12 bedrooms and 12 full baths. This 5,372 square foot home was built in 2024 on a lot size of 0.15.

Rare Whatcom County investment opportunity! This fully occupied 4-plex at 351 Martin Street in beautiful Blaine, WA currently generates $9,050 in total monthly rent. Four spacious townhome-style units each offer 3 bedrooms, 2.5 baths and 1,306 sq ft over 3 levels. Every unit has its own 3rd-level deck with sweeping views, a standout feature that draws quality tenants and supports strong rents.The open-concept main floor connects the kitchen, living and dining areas. The kitchen has an island with room for bar stools, quartz countertops, modern flat-panel cabinets and stainless appliances. LVP flooring on the main level, carpet in the bedrooms, in-unit washer/dryer and ductless mini-split heating and cooling keep units comfortable, efficient and easy to manage.Location drives demand: minutes to the Peace Arch and Pacific Highway border crossings, quick I-5 access, and close to the shops, restaurants, marina and waterfront of downtown Blaine. Easy commutes to Birch Bay, Ferndale, Lynden and Bellingham.Turnkey cash flow from day one. Whether you’re adding to your portfolio, doing a 1031 exchange or buying your first multifamily income property, this fourplex is a smart addition to any Whatcom County rental portfolio. Investors searching for multi-family, apartment or income property in Blaine, Bellingham, Ferndale, Lynden or Birch Bay won’t want to miss this one.

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 8,467

Style

4-Plex

Lot Size

0.15

Year Built

2024

Town/City

Blaine

County/Region

Whatcom

MLS | Web ID

2603122

Features
General
Living Area 0
Sewer Sewer Connected
Heating 90%+ High Efficiency Ductless HRV/ERV System Wall Furnace
Cooling 90%+ High Efficiency Ductless
Possession Subject To Tenant Rights
Roof Metal
HOA Fee 0
Garage Spaces 0
Year Built 2024
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Whatcom
Net Operating Income 100133
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Blaine
Special Listing Conditions None
Status Active
Directions From I-5 North take exit 276 for WA 548 S Toward Blaine City Center. Peace Portal Drive to Martin Street. Left on Martin. 4Plex on Right.
High School Blaine High
City Blaine
Senior Community Y/N N
High School District Blaine
Number Of Units Total 4
MLS Area 880 - Blaine/Birch Bay
Lot Size Units Square Feet
Lot Size Square Feet 6534
Carport Spaces 0
Carport Y/N N
Listing Terms Cash
Elementary School Blaine Elem
Tax Annual Amount 8467
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Blaine Mid
Public Remarks Rare Whatcom County investment opportunity! This fully occupied 4-plex at 351 Martin Street in beautiful Blaine WA currently generates $9 050 in total monthly rent. Four spacious townhome-style units
Leasable Area 5224
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Blaine
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 7.7
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Exterior
Exterior Amenities Brick Cement Planked
Lot Features Curbs Paved Sidewalk
Total Parking 0
Foundation Details Poured Concrete Slab
Building Area Total 5372
Lot Dimensions 50'x128'
Lot Size Acres 0.15
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck
Parking Uncovered Total 0
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2603122
Street Number 1 351
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* Excluded Features
List By
Brandi Coplen

Listing Agent

Windermere Re Whatcom, Inc.

Broker

bcoplen@windermere.com

Email

Affordability Calculator

$9,684
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,979
Monthly Property Taxes
$706
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258818 Elementary School
257691 Middle School
Blaine High High School
Pricing History
DatePricePrice ChangeDescription
11/12/2026$1,300,000 Listed Price

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351 Martin Street, Blaine, WA, 98230 is a Multi-Family Home for sale at $1,300,000 with 5,372 sqft and a lot size of 0.15. 351 Martin Street has 12 bedrooms, 12.0 baths, and was built in 2024. The property's zip code is 98230 which is in Blaine, WA