206-333-2724
200 E McCorquedale Rd, Burlington, WA for Sale
Apartments - FOR SALE
1/72
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200 E McCorquedale Rd
Burlington, WA 98233


HIGHLIGHTS

  • Turn-Key, New Construction Asset: Built in 2025, offering modern design, systems, and minimal near-term capital needs
  • Demographics & Regional Tenant Base: Burlington’s population is diverse and family-oriented, with approximately 22% under 18 and a median age of 38
  • Strong Rental Demand: The property reached stabilization in just 10 months, reflecting strong leasing velocity and sustained renter interest
  • Limited New Supply: Modest development pipeline supports sustained rental demand
  • Strong Parking Ratio: 1.68 spaces per unit, providing excellent resident parking availability
  • Strategic Regional Location: Positioned along the I-5 corridor between Seattle and Vancouver, BC, providing excellent regional connectivity

OVERVIEW

Northmarq is pleased to present Walnut Trail, a 120-unit, newly constructed multifamily community in Burlington, Washington — offering investors a stabilized, turn-key asset with strong in-place yield and long-term upside in a supply-constrained I-5 corridor submarket. Delivered in 2025, the property comprises 95,355 net rentable square feet across a diverse unit mix of open one-, one-, two-, and three-bedroom residences. Walnut Trail achieved stabilization in under 12 months — reaching 96% occupancy ahead of typical lease-up timelines — demonstrating exceptional market validation and strong underlying renter demand. With minimal near-term capital requirements and modern finishes throughout, the asset offers institutional-quality operations from day one. Burlington sits midway along the I-5 corridor connecting Seattle and Vancouver, B.C. — a position that broadens the renter pool to commuters serving both metro economies. The local multifamily market remains supply-constrained relative to demand, with a measured construction pipeline that supports continued rent growth and long-term occupancy stability.

FOR SALE DETAILS

PRICE

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# OF UNITS

120

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Trail

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

202

LAND DETAILS

LAND ACRES

3.66 AC

LAND SF

159,451 SF

ZONING

-

APN/PARCEL ID

P24256

ASK ABOUT THIS PROPERTY

Tyler SmithNorthmarqMore Info
206-333-2724

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Tyler SmithNorthmarqMore Info
206-333-2724

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.