405 Norris StBurlington, WA 98233
16-Unit Apartment Building, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- 16-unit multifamily property in Burlington, WA, listed at $4,250,000.
- Well-maintained, 13,600 sq ft complex on a 35,702 sq ft lot (APN P62642), built in 1991.
- Four two-story buildings, each with four 2-bedroom units; R-2 zoning.
- Strong NOI of $226,637 and a 5.33% cap rate; 2018 renovations.
- Modern amenities (vinyl plank flooring, in-unit W/D, dishwasher); over 2 parking spaces per unit.
- Excellent location near I-5, schools, and amenities; close to Everett and Bellingham.
Property Details for 405 Norris St
- Property type
- Multifamily properties, Apartment buildings
- Square Feet
- 13,600 SF
- Year Built
- 1991
- Buildings
- 4
- Stories
- 2
- Units
- 16
Location Insight
- City
- Burlington
- County
- Skagit
- State
- Washington
- Latitude
- 48.473456333658
- Longitude
- -122.34102444872
Nearby Similar for Sale
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