357 Martin St

Blaine, WA 98230

$1,099,990
Price
5
Beds
3
Baths
3,000 Sq. Ft.
$367 / Sq. Ft.
3,000
Sq. Ft.
$367
per Sq. Ft.
Get preapproved with Rocket Mortgage1
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Listing provided courtesy of Windermere RE Whatcom, Inc.
Source: Northwest MLS

Description

Prime mixed-use investment opportunity in the heart of Blaine, WA. This 3,000 sq ft income-producing commercial building offers a strong blend of residential and retail revenue streams in a high-demand, walkable location. Featuring multiple fully leased units, this property provides immediate cash flow with upside potential. The upper level includes two remodeled residential units, each approximately 750 sq ft with 2 bedrooms and 1 full bath, showcasing modern upgrades such as custom cabinetry, luxury...Prime mixed-use investment opportunity in the heart of Blaine, WA. This 3,000 sq ft income-producing commercial building offers a strong blend of residential and retail revenue streams in a high-demand, walkable location. Featuring multiple fully leased units, this property provides immediate cash flow with upside potential. The upper level includes two remodeled residential units, each approximately 750 sq ft with 2 bedrooms and 1 full bath, showcasing modern upgrades such as custom cabinetry, luxury vinyl plank flooring, tile finishes, updated appliances, new windows, and doors. The main level offers flexible commercial space with established retail presence, three office suites, and an additional residential unit, creating diversified income sources. Recent capital improvements include new cement board siding, a new roof, and composite exterior stairs, enhancing long-term durability and reducing future maintenance costs. Ample parking is available via alley access and street frontage. Strategically located near downtown Blaine, I-5, and the US/Canada border, this property benefits from consistent local traffic and cross-border economic activity. Ideal for investors seeking a stabilized asset with mixed-use zoning, strong rental history, and long-term appreciation potential.
  1. Listed by Brandi Coplen • Windermere RE Whatcom, Inc.
    P: (360)-371-5100 bcoplen@windermere.com

Property Details for 357 Martin Street

Community Name
Blaine
School District
Blaine
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
05-04-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 05/04/2026 01:28 PM

Property Details for 357 Martin Street

StatusActive
MLS #2517689
Days on Market12
Cumulative Days on Market79
Taxes$2,864 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.12 AC / 5,227 SF
CountyWhatcom County
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Location

Listing Courtesy of Windermere RE Whatcom, Inc.
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Building Information for 357 Martin Street

Stories2Residences7Year Built1990Building Size-Lot Size0.12 AC / 5,227 SF

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$5,778 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,539

Property Taxes

$239

HOA Dues

$0

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Property Information for 357 Martin Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, High Speed Internet
  • Area: 880 - Blaine/Birch Bay
  • Elementary School: Blaine Elem
  • Middle Or Junior School: Blaine Mid
  • High School: Blaine High
  • Effective Year Built Source: Public Records
  • Directions: Peace Portal- East on Martin to address. Park on street or off alley parking behind.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition, Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1668
  • Power Company: City of Blaine
  • Sewer Company: City of Blaine
  • Water Company: City of Blaine
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Business
  • First Right Of Refusal: false
  • Possible Use: Business
  • MLS Square Footage Source: Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 18
Lot Information
  • Lot Details: Alley, Paved, Sidewalk
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 4051015545260000
  • Building Condition: Remodeled
  • Calculated Square Footage: 3000
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3000.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 7
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $2,919
  • Total Expenses: 9951
  • Gross Adjusted Income: 80400
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $83,400
  • Insurance Expense: $2,100
  • Net Operating Income: $70,449
  • Other Expenses: $400
  • Total Monthly Income: 6800
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 750
  • Rent Unit 1: $1,850.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 750
  • Rent Unit 2: $1,950.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C1
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: false
  • Refrigerator Unit 3: false
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 200
  • Rent Unit 3: $550.00
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 0
Unit 4
  • Name Unit 4: C2
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: false
  • Refrigerator Unit 4: false
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 200
  • Rent Unit 4: $500.00
  • Bedrooms Unit 4: 0
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 0
Unit 5
  • Name Unit 5: C3
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: false
  • Refrigerator Unit 5: false
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 200
  • Rent Unit 5: $300.00
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 0
Unit 6
  • Name Unit 6: D1
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 400
  • Rent Unit 6: $900.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: D2
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: false
  • Refrigerator Unit 7: false
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 440
  • Rent Unit 7: $750.00
  • Bedrooms Unit 7: 0
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 0
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 3000.0

Property History for 357 Martin Street

DateEvent & SourcePriceAppreciation
May 4, 2026

Listed (Active)

NWMLS #2517689

$1,099,990—
Feb 13, 2025

Sold (Public Record)

Public Record #1550808594

$1,000,000

+95.0% / yr

Apr 2, 2024

Sold (Public Record)

Public Record #1530111248

$560,000

+9.1% / yr

DateEvent & SourcePrice
05/04/2026

Listed (Active)

NWMLS #2517689

$1,099,990
02/13/2025

Sold (Public Record)

Public Record #1550808594

$1,000,000

+95.0% / yr

04/02/2024

Sold (Public Record)

Public Record #1530111248

$560,000

+9.1% / yr

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 357 Martin Street

Taxable ValueLand$167,795Additions$552,949Total$720,744
Tax Record2025$4,938 ($412 / month)
Home Facts
Total Finished SqFt3,000 SqFtAbove Ground SqFt3,000 SqFtLot Size5,227 SqFtStyleOffice BuildingYear Built1990ZoningCBTCountyWHATCOMAPN405101 554526 0000

Schools near 357 Martin Street

This home is within Blaine School District.
Rating
School
Type
Grades
Distance
Blaine Primary School
Public - PK to 2
Blaine Elementary School
Public - 3 to 5
Blaine Middle School
Public - 6 to 8
Blaine High School
Public - 9 to 12
Rating
School
Distance
Blaine Primary School
PublicPK to 2

Blaine Elementary School
Public3 to 5

Blaine Middle School
Public6 to 8

Blaine High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 357 Martin Street, Blaine, WA 98230

357 Martin Street is a multi-family home for sale in Blaine, WA 98230. This property was listed for sale on May 4, 2026 by Windermere RE Whatcom, Inc., it's currently listed at $1,099,990. It has been on the market for a total of 12 days and was last sold on February 13, 2025. This listing's school district is Blaine School District. Nearby schools include Blaine Primary School, Blaine Elementary School and Blaine Middle School. 357 Martin Street is a 5-bed, 3-bath, 3,000 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere RE Whatcom, Inc.

Based on information submitted to the MLS GRID as of 05/04/2026 01:28 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.