708 Grover Street, Lynden, WA 98264
- $1,100,000
- 3,370
- SqFt
Listing courtesy of Muljat Group.
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 2570802
- Days on Market
- 1
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 3,370
- Area Total SqFt
- 3370
- Annual Tax Ammount
- 5540
- Internet Provider
- Ziply
- Lot Size (sq ft)
- 11,761
- Sewer
- Sewer Connected
Property Description
Investment opportunity in the heart of Lynden! This well-maintained 6-unit multi-family property offers a convenient location near schools, shopping, and everyday services. Fully rented, providing immediate income for the next owner. Numerous updates have been completed over the years, including a new roof in 2024, exterior paint in 2023, updated bathroom flooring and fixtures in 2018, and quartz countertops, faucets, and sinks in all unit kitchens in 2015. A solid opportunity to add an established, income-producing multifamily property to your investment portfolio.
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Additional Information
- List Date
- 2026-08-19 23:13:13
- Community
- Lynden
- Net Operating Income
- $47,584
- Gross Adjusted Income
- $63,555
- Gross Scheduled Income
- $66,900
- Total Monthly Income
- $5,575
- Insurance Expenses
- $4,769
- Water/Sewer/Garbage Expenses
- $6,146
- Gross Rent Multiplier
- 16.4
- Total Expenses
- $19,316
- Cap Rate
- 4.3
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 708
- Potential Terms
- Cash, Conventional
- Year Built
- 1963
- View
- Territorial
- Roof
- Composition
- Site Features
- Cabana/Gazebo, Cable TV, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 488
- Other Expenses
- 909
- Energy Source
- Electric, Natural Gas
- School District
- Lynden
- Elementary School
- Buyer To Verify
- Middle School
- Lynden Mid
- Total Monthly Income
- $5,575
- Gross Scheduled Income
- $66,900
- Vacancy Rate
- 5
- Gross Adjusted Income
- $63,555
- Tax Year
- 2026
- Insurance Expense
- $4,769
- W/S/G Expenses
- $6,146
- Total Expenses
- $19,316
- Net Operating Income
- $47,584
- Gross Rent Multiplier
- 16.4
- Cap Rate
- 4.3
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.