Listed by HomeSmart One Realty, Bought with Windermere Real Estate Whatcom
$5,000,000
SOLD JUL 15, 2025

8889 Depot Rd Lynden, WA 98264

-- Bed
-- Bath
21,000 Sq Ft
1.01 Acres

Recently Sold

$238 Per Sq Ft

4% Below List Price

Highlights

  • 1.01 Acre Lot
  • Territorial View
  • No HOA
  • Deck
  • Corner Lot
  • Vinyl Plank Flooring

About This Home

As of July 2025

Presenting a prime investment opportunity, this well-maintained 18-unit complex spans 21,000 square feet across three stories. The property features a mix of 9 one-bedroom and 9 two-bedroom units, offering a versatile range of living spaces to meet tenant needs, including the convenience of an elevator. Each unit is thoughtfully designed for comfort and functionality, with ample natural light and spacious layouts. In addition to the residential units, the sale includes 4 storage condos, providing additional income potential. The complex is strategically located, offering easy access to key amenities, public transportation, and major roads. This is an ideal opportunity for investors!

Last Agent to Sell the Property

Darren Johnson

HomeSmart One Realty License #26293 Listed on: 12/18/2024

HomeSmart One Realty

Last Buyer's Agent

Lester Van Mersbergen

Windermere Real Estate Whatcom License #15907

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2317162

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,000

Year Built

  • Built in 2022

Lot Details

  • 1.01 Acre Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 21,000 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring
  • Territorial Views

Parking

  • 44 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • High Efficiency Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lynden Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4003172505500000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,000

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2022
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 21000
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Elevator,Fire Sprinklers

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Cement Plank
  • Exterior Features: Brick, Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 44
  • Open Parking: Yes
  • Total Parking Spaces: 44
  • ParkingUncoveredSpaces: 44

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: High Efficiency (Unspecified)
  • Heating Yn: Yes
  • WaterSewerGarbage: 18108

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lynden

Lot Info

  • Parcel Number: 4003172505500000
  • Lot Size Acres: 1.01
  • Lot Size Sq Ft: 43996
  • Zoning Description: Commercial,Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Owner

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.01
  • LeasedItems: None
  • TotalMonthlyIncome: 33302

Multi Family

  • Gross Scheduled Income: 399624
  • Net Operating Income: 313786
  • Electric Expense: 2796
  • Insurance Expense: 7600
  • Leasable Area: 21000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 18
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 32000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2025 07/15/25 Sold $5,000,000 0.0% $238 / Sq Ft
05/09/2025 05/09/25 Off Market -- -- --
03/24/2025 03/24/25 Pending -- -- --
02/21/2025 02/21/25 Price Changed $1,550 +3.7% $2 / Sq Ft
02/19/2025 02/19/25 Price Changed $1,495 -3.5% $2 / Sq Ft
02/19/2025 02/19/25 Price Changed $1,550 +3.7% $2 / Sq Ft
01/18/2025 01/18/25 Price Changed $1,495 -19.2% $2 / Sq Ft
01/17/2025 01/17/25 Price Changed $1,850 0.0% $2 / Sq Ft
01/17/2025 01/17/25 For Rent $1,850 0.0% --
12/18/2024 12/18/24 For Sale $5,200,000 0.0% $248 / Sq Ft
05/02/2024 05/02/24 Price Changed $1,495 +7.2% $2 / Sq Ft
05/02/2024 05/02/24 Price Changed $1,395 -22.3% $2 / Sq Ft
04/05/2024 04/05/24 Price Changed $1,795 +28.7% $2 / Sq Ft
04/01/2024 04/01/24 For Rent $1,395 -17.7% --
03/27/2024 03/27/24 Price Changed $1,695 -5.6% $2 / Sq Ft
03/27/2024 03/27/24 Price Changed $1,795 -- $2 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2317162

Northwest Multiple Listing Service (NWMLS)