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.
Active
Listed by: Windermere RE Whatcom, Inc. • Brandi Coplen
$1,099,990
357 Martin Street, Blaine, WA 98230
5beds
3baths
3,000sqft
Multi Family
Built in 1990
-- sqft lot
$1,060,600 Zestimate®
$367/sqft
$-- HOA
What's special
Modern upgradesTile finishesTwo remodeled residential unitsComposite exterior stairsFlexible commercial spaceNew cement board sidingUpdated appliances
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- on Zillow
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Zillow last checked:
Listing updated:
Listed by:
Brandi Coplen,
Windermere RE Whatcom, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2517689
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Baseboard, Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Lot
- Size: 5,227 Square Feet
- Features: Paved, Sidewalk, Cable TV, High Speed Internet
Details
- Parcel number: 4051015545260000
- Zoning description: Business,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition,Flat
Condition
- Updated/Remodeled
- Year built: 1990
- Major remodel year: 1990
Utilities & green energy
- Electric: Company: City of Blaine
- Sewer: Sewer Connected, Company: City of Blaine
- Water: Public, Company: City of Blaine
- Utilities for property: Xfinity-Buyer To Verify, Xfinity/Ziply- Buyer To Verify
Community & HOA
Community
- Subdivision: Blaine
Location
- Region: Blaine
Financial & listing details
- Price per square foot: $367/sqft
- Tax assessed value: $720,744
- Annual tax amount: $2,864
- Date on market: 5/4/2026
- Listing terms: Conventional
Estimated market value
$1,060,600
$1.01M - $1.11M
$2,106/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Listed for sale | $1,099,990$367/sqft |
Source: | ||
| 5/2/2026 | Listing removed | $1,099,990$367/sqft |
Source: eXp Realty #2481673 Report a problem | ||
| 2/25/2026 | Listed for sale | $1,099,990+10%$367/sqft |
Source: eXp Realty #2481673 Report a problem | ||
| 2/14/2025 | Sold | $1,000,000+78.6%$333/sqft |
Source: Public Record Report a problem | ||
| 4/10/2024 | Sold | $560,000+103.6%$187/sqft |
Source: Public Record Report a problem | ||
| 2/10/2016 | Sold | $275,000$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,910 +71.4% | $720,744 +71.4% |
| 2024 | $2,865 +19.7% | $420,536 +18.4% |
| 2023 | $2,393 -12.8% | $355,217 |
| 2022 | $2,746 +18.4% | $355,217 +33.6% |
| 2021 | $2,320 -3.4% | $265,820 +6% |
| 2020 | $2,400 | $250,774 |
| 2019 | $2,400 -3.8% | $250,774 +3% |
| 2018 | $2,494 +0.5% | $243,470 |
| 2017 | $2,481 -10% | $243,470 |
| 2016 | $2,756 +16.9% | $243,470 +8.1% |
| 2015 | $2,357 | $225,280 -4.9% |
| 2014 | $2,357 -7.1% | $236,880 |
| 2013 | $2,537 | $236,880 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98230
Nearby schools
Schools provided by the listing agent
- Elementary: Blaine Elem
- Middle: Blaine Mid
- High: Blaine High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







