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412 Front St 12 Unit Apartment Building $2,850,000 ($237,500/Unit) 7.13% Cap Rate Sumas, WA 98295
Executive Summary
12-unit apartment complex (3 fourplexes) in the tight-knit border community of Sumas! Located directly adjacent to Sumas Elementary School in a quiet part of town, but only blocks away from eating and retail establishments on State Route 9, and minutes from the US/Canada border crossing. Units are 3-bed/2.5-bath with fully equipped kitchens, washer/dryer, vinyl and carpeted floors, and outdoor patio. Plenty of on-site parking for tenants. Professionally managed since being built in 2019 with a strong rental history.
Sale includes three addresses and parcels:
404 Front St (Parcel #4104351020100000)
408 Front St (Parcel #4104351080100000)
412 Front St (Parcel #4104351140100000)
Sale includes three addresses and parcels:
404 Front St (Parcel #4104351020100000)
408 Front St (Parcel #4104351080100000)
412 Front St (Parcel #4104351140100000)
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 7.13% | Building Size | 14,400 SF |
| Gross Rent Multiplier | 10.15 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Zoning | RH | ||
| Price | $2,850,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | RH |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,742,600 (2025) | |
| Land Assessment | $468,684 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,273,916 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$468,684 (2025)
Improvements Assessment
$2,273,916 (2025)
Total Assessment
$2,742,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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412 Front St
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