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351 Martin Street, Blaine, WA 98230

Blaine, WA 98230 · Blaine
12 bd12 ba5,372 sqft0.15 ac lotBuilt 2024Multi-family
$1,300,000 $242 / sqft · Cumulative Days Active: 0 Estimate your monthly payment ↓
Multi-family, Blaine Listing by Windermere RE Whatcom, Inc. 1 / 22
Price / sqft$242
Lot0.15 acres
Year built2024
TypeMulti-family
HOANone
Cumulative Days Active0

About this home

Rare Whatcom County investment opportunity! This fully occupied 4-plex at 351 Martin Street in beautiful Blaine, WA currently generates $9,050 in total monthly rent. Four spacious townhome-style units each offer 3 bedrooms, 2.5 baths and 1,306 sq ft over 3 levels. Every unit has its own 3rd-level deck with sweeping views, a standout feature that draws quality tenants and supports strong rents.The open-concept main floor connects the kitchen, living and dining areas. The kitchen has an island with room for bar stools, quartz countertops, modern flat-panel cabinets and stainless appliances. LVP flooring on the main level, carpet in the bedrooms, in-unit washer/dryer and ductless mini-split heating and cooling keep units comfortable, efficient and easy to manage.Location drives demand: minutes to the Peace Arch and Pacific Highway border crossings, quick I-5 access, and close to the shops, restaurants, marina and waterfront of downtown Blaine. Easy commutes to Birch Bay, Ferndale, Lynden and Bellingham.Turnkey cash flow from day one. Whether you’re adding to your portfolio, doing a 1031 exchange or buying your first multifamily income property, this fourplex is a smart addition to any Whatcom County rental portfolio. Investors searching for multi-family, apartment or income property in Blaine, Bellingham, Ferndale, Lynden or Birch Bay won’t want to miss this one.

NWMLS logoListing courtesy of the Northwest Multiple Listing Service (NWMLS).

New
Listed Nov 12, 2026MLS# 2603122

Facts & features

12Beds
12Baths
5,372 sqftLiving area
$242Price / sqft
2024Year built
0.15 acLot
Interior
Bedrooms12
Bathrooms12
Living area5,372 sqft
FlooringVinyl Plank, Carpet
Building
TypeMulti-family
Year built2024
RoofMetal
FoundationPoured Concrete, Slab
Lot & exterior
Lot size0.15 acres (6,534 sqft)
ViewTerritorial
WaterfrontNo
Utilities
HeatingElectric
SewerSewer Connected
HOA & taxes
HOA duesNone
Property tax (2025)$8,467 / yr
Interior features
Exterior & lot
BrickCement Planked

Monthly payment

Full calculator →

Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term
Down payment$20%
Interest rate%
Est. total / month$7,38930-year fixed · 6.5%
P&I $6,574Taxes $706Insurance $110
Plus ~$39,000 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →
Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Nov 12, 2026Listed for sale $1,300,000

Tax history

YearAssessed valueProperty tax
Source: Whatcom County Assessor. Assessed value is not a market value.

Schools

Blaine School District
ElementaryBlaine Elem
MiddleBlaine Mid
HighBlaine High
School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.
⬤ Street view ↗
Downtown Bellingham31 min
WWU32 min
St. Joseph Hospital30 min
Peace Arch border5 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Median list price$599k272 active listings
Cumulative Days Active93median, active listings
List price per sqft$328this home: $242
Homes for sale272in Blaine

Area figures compiled by irenakolbert.com from current active NWMLS listings — not part of this listing's data.

This home's list price per square foot is about 26% below the median of current Blaine listings. Irena can pull recent closed sales on this street before you write an offer.

Listing details

StatusActive
MLS #2603122
ListedNov 12, 2026
List price$1,300,000
Cumulative Days Active0
Property typeMulti-family
Listing brokerageWindermere RE Whatcom, Inc.
SourceNWMLS as distributed by MLS GRID
Listing courtesy of Windermere RE Whatcom, Inc.. Based on information submitted to the MLS GRID as of Nov 12, 2026, 8:29 AM (date and time MLS GRID Data was obtained). 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. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.
$1,300,000Tour this home