Sumas, WA 98295 380 Garfield Street # 1-8
$1,300,000
21 more
Presented By: eXp Realty and NWMLS
- MLS# 2366221
- 04/27/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 7,672
Home Details
Invest in an 8-unit residential building for $162,500 per unit in a prime location with strong market potential. This modern property offers multiple revenue streams through optimized rentals, strategic ownership restructuring, and long-term appreciation. Each of the eight 2-bed, 2-bath units averages 950 sq ft, built with durable, flood-resistant construction, proven resilient during past Sumas floods. With its desirable area and robust design, this versatile asset promises significant financial upside for savvy investors.
Presented By: eXp Realty and NWMLS
Interior Features for 380 Garfield Street # 1-8
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories2
General for 380 Garfield Street # 1-8
Building Area UnitsSquare Feet
Cap Rate6.61
Carport Spaces4
Carport Y/NNo
CitySumas
CoolingForced Air
CountyWhatcom
DirectionsFrom I-5, take exit 256 for WA-539 N, go 10 miles, turn right on Front St in Sumas, left on Cherry St, right on Garfield St, 380 Garfield St is on the left.
Electric Expense654
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictNooksack Valley
Insurance Expense4929
Leasable Area7120
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet14850
Lot Size UnitsSquare Feet
MLS Area890 – Nooksack Valley
ModificationTimestamp2025-05-17T09:27:21.398Z
NWM_ShowMapLinkY
Net Operating Income85868
New ConstructionNo
Number Of Units Total8
Open Parking Spaces11
PossessionSubject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvest in an 8-unit residential building for $162, 500 per unit in a prime location with strong market potential. This modern property offers multiple revenue streams through optimized rentals, strateg
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSumas
Tax Annual Amount11690
Tax Year2024
Unit Number1-8
Units Below Gradefalse
Units In Building Total8
ViewMountain(s)
Water Sewer Garbage5619
Year Built1993
Zoning DescriptionMulti-Family
Exterior for 380 Garfield Street # 1-8
Building Area Total7672
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.3409
Parking Uncovered Spaces11
Site FeaturesHigh Speed Internet
Total Parking15
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®