908 Liberty Street, Lynden, WA 98264
- $915,000
- 3,244
- SqFt
Listing Broker: Windermere Real Estate Whatcom; Mike Kooy; ; Selling Office: RE/MAX Whatcom County, Inc..
- Sold Price
- $915,000
- List Price
- $999,500
- Status
- SOLD
- MLS#
- 2457813
- Closing Date
- Jan 20, 2026
- Days on Market
- 5
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,244
- Area Total SqFt
- 3244
- Annual Tax Ammount
- 5380
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
First time on market, 4-unit multifamily property in a great Lynden location, near parks, schools, and downtown shopping. Surrounded primarily by single-family homes, this property offers strong tenant appeal and low management burden for an investor. All units feature 2-bedroom, 1-bath layouts and the building is fully leased with a solid, consistent rental history. Two units are currently rented below market, providing immediate upside through rent increases. Each unit includes a single-car garage with dedicated storage, plus two additional off-alley parking spaces and ample on-street parking. Built in 1979, the property is in good condition w/ new floors and offers a true turnkey investment with stable cash flow and value-add potential.
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Additional Information
- List Date
- 2026-01-15 00:00:00
- Community
- Lynden
- Net Operating Income
- $51,520
- Gross Adjusted Income
- $65,400
- Gross Scheduled Income
- $65,400
- Total Monthly Income
- $5,450
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $6,500
- Gross Rent Multiplier
- 15.28
- Total Expenses
- $13,880
- Cap Rate
- 5.15
- Total Number of Units
- 4
- Unit Name
- 908
- Potential Terms
- Cash, Conventional, FHA, State Bond, USDA Loan, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Lynden
- Total Monthly Income
- $5,450
- Gross Scheduled Income
- $65,400
- Gross Adjusted Income
- $65,400
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $6,500
- Total Expenses
- $13,880
- Net Operating Income
- $51,520
- Gross Rent Multiplier
- 15.28
- Cap Rate
- 5.15
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.