Sold857d on market
380 Garfield Street #1-8
Sumas, WA, 98295 • 98295 • Whatcom County
$1,197,000
$156/sqft
7,672Sqft
0.34 acLot
1993Built
Property DNA
Sumas
98295
Outdoor Living
Wall to Wall Carpet
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
857 days on market
Established listing
$156/sqft
Price per square foot
About this home
Multi Family · Built 1993
Investor Opportunity! 8.2% (ish) Cap Rate!! Ask price is $149K per Unit. Huge financial upside possibility, these 8 units are already condominimized, if one was to sell separately @ $249K per condo, one would expect an immediate return of an $800K profit. (Less closing costs) Units are 2 bedrooms, 2 Baths, averaging 952 SQFT. If rents averaged $1,250 or $10K per Month / $120K per year. Current rents range in the $1,100 - $1,375 per month range. With a little effort, rent could be closer to $1,450 per month, This would create a 9.76 Cap. Lots of upside! Building is well situated, decent elevation, new construction methods and was not effected in the past Sumas floods. Or- The Condominium Building could be purchased by 8 separate individuals.
Estimated monthly payment
Based on current rates
$7,454/month
Principal & Interest$5,858
Property Tax$1,197
Insurance$399
Down payment20% ($239,400)
3%50%
Est. 6.19% rate · 30yr fixed · $957,600 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1993
HeatingForced Air, Electric, Natural Gas
CoolingForced Air
Parking4 Covered Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1993
Systems
HeatingForced Air, Electric, Natural Gas
CoolingForced Air
RoofComposition
ConstructionWood Siding
Water / SewerCommunity, Company: City of Sumas / Sewer Connected, Company: City of Sumas
Parking & Outdoor
ParkingOpen
Lot0.34 Acres
Location & Tax
Neighborhood98295
Annual tax$12,674
Parcel4104350393170008
Features & details
7 categories of property features
Interior Features
Flooring
Vinyl Plank
Carpet
Heating
Forced Air
Electric
Natural Gas
Cooling
Forced Air
Exterior Features
Parking
Open
Construction
Wood Siding
Patio & Porch
Wall to Wall Carpet
Lot Features
Paved
Sidewalk
High Speed Internet
Listing insights
Market data and value estimates
StatusSold
Days on market857
Est. value$1,238,000
Est. rent$2,087/mo
Tax rate0.70%
Price/sqft$156
On marketMay 20, 2023
PostedOct 7, 2023
Last sold$1,197,000
MLS statusSold
MLS updatedSep 5, 2024
Tour days6
Views5
How are the schools in Sumas?
3 schools rated nearby
Location
Sumas, WA, 98295
Price history
3 events
DateEventPrice$/sqftSource
Dec 1, 2023Sold$1,197,000$156NWMLS as distributed by MLS GRID
Oct 19, 2023Pending Sale$1,192,000$155NWMLS as distributed by MLS GRID
Oct 7, 2023Listed For Sale$1,192,000$155NWMLS as distributed by MLS GRID
Sold$1,197,000
Dec 1, 2023•$156/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,192,000
Oct 19, 2023•$155/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,192,000
Oct 7, 2023•$155/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Sumas, WA • Whatcom County
Nearby cities
AcmeBellinghamBlaineCusterDemingFerndaleLyndenMaple Falls
Nearby zip codes
98295
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 05:33:27 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
No obligation · Same-day response