Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom—all in excellent shape. A unique chance to invest now and shape what’s next.
Listing Provided Courtesy of Lorrie M. Dujmovich, Windermere RE Whatcom, Inc.
General Information
NWM2511002
Multi Family
173
DOM
9.6 acres
12255
1973
Industr
Whatcom
Irene Reither P
Meridian Mid
Meridian High
Residential Incom
Multi Family
Listing Provided Courtesy of Lorrie M. Dujmovich, Windermere RE Whatcom, Inc.
Krishna Realty data last checked: Apr 22, 2026 11:01 | Listing last modified Apr 22, 2026 17:51,
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Residence Information
12255
Composition, Metal
2,
55 - 5-9 Units
1973
Slab
See Remarks, Storage
Features and Utilities
Metal/Vinyl, Stucco, Wood
Private
Septic Tank
0
Financial
13968
Cash, Conventional
04-21-2026
Comparable Information
173
173
Cash, Conventional
$2,200,000
$2,200,000
Apr 22, 2026 17:51
Schools
Elementary : Irene Reither PN/ARatings Middle : Meridian Mid N/ARatings High : Meridian HighN/ARatings
Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom—all in excellent shape. A unique chance to invest now and shape what’s next.
