Listing provided courtesy of Windermere RE Whatcom, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2517689MLS Provider

357 Martin StreetBlaine, WA 98230

Multi-Family · 5 Beds · 3,000 Sq. ft. | 0.12 Acres
$1,099,990 Active

357 Martin Street Overview

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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.

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357 Martin Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,000
  • Price/Sq.ft. $367
  • Lot 0.12 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Blaine
  • Elementary School: Blaine Elem
  • Middle Or Junior School: Blaine Mid
  • High School: Blaine High

Income/Expenses

  • Other Expense: 400
  • Electric Expense: 2919
  • Fuel Expense: 0
  • Gross Scheduled Income: 83400
  • Insurance Expense: 2100
  • Net Operating Income: 70449
  • Total Expenses: 9951
  • Total Monthly Income: 6800
  • Water/Sewer/Garbage: 1668

Building Information

  • New Construction: No
  • Year Built: 1990

Location/Region

  • Country: US
  • County Or Parish: Whatcom
  • MLS Area Major: 880 - Blaine/Birch Bay
  • Subdivision Name: Blaine

Tax Information

  • Tax Annual Amount: $2,864.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 4051015545260000
  • Possible Use: Business
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3000
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3000
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3000
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Paved, Sidewalk
  • Lot Size Acres: 0.12
  • Lot Size Square Feet: 5227
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition, Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Cement Planked
  • Number Of Units Total: 7
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1850
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 300
  • Beds Total: 0
  • Baths Total: 0

Unit 4 Details

  • Actual Rent: 500
  • Beds Total: 0
  • Baths Total: 0

Unit 3 Details

  • Actual Rent: 550
  • Beds Total: 0
  • Baths Total: 0

Unit 7 Details

  • Actual Rent: 750
  • Beds Total: 0
  • Baths Total: 0

Unit 6 Details

  • Actual Rent: 900
  • Beds Total: 1
  • Baths Total: 1

357 Martin Street Neighborhood

Community

98230 (Blaine) Demographics

46
Median Age
371
Population Density (per sq. mile)
40%
College Educated
$69,060
Estimated Median Income
5,628
Estimated Total Home Owners
1,878
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

357 Martin Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

357 Martin Street Market Data

Based on the last 30 days in this zip code

$727,721
Average List Price
$365
Average Price per Square Foot
42
Properties Sold
84
Average Days on Market
317
Properties for Sale
Calculations provided by Reliance Network

357 Martin Street History

Date Event Value Agent
5/4/2026Source: NWMLS Added to Database
May 04, 2026