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.