Listed by Muljat Group, Bought with Hansen Group Real Estate Inc
NOT LISTED FOR SALE
20 Beds
20 Baths
8,400 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: March 31, 2026

Last sale price $3,300,000 $393 Per Sq Ft

5 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Wood Siding
  • Fairhaven Middle School Rated A-
  • Baseboard Heating
  • Carpet

About This Home

As of March 2026

Well-located 20-unit multifamily asset in the highly desirable Western Washington University neighborhood—one of Bellingham’s strongest and most consistent rental markets. The property features a desirable mix of studio and one-bedroom units, off-street parking, and a strong rental history. Sustained demand driven by proximity to Western Washington University, downtown, and local amenities. An attractive long-term investment opportunity and easy addition to any portfolio!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 01/09/2026

Muljat Group

Last Buyer's Agent

Jon Hansen

Hansen Group Real Estate Inc License #7746

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2465853

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,361

Year Built

  • Built in 1989

Lot Details

  • 0.36

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 8,400 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Schools

  • Happy Vly Elementary School
  • Fairhaven Mid Middle School

Additional Features

  • 15,682 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3702015403440000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,361

Year Built

Built in 1989

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1989
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 8400
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 20
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Pudget Sound Energy
  • SewerCompany: Bellingham Public Works
  • WaterCompany: City of Bellingham

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3702015403440000
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.2
  • LeasedItems: None
  • TotalMonthlyIncome: 286800

Tax Info

  • Year: 2025
  • Tax Annual Amount: 25361

Multi Family

  • Number Of Units Total: 20
  • Electric Expense: 1000
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Happy Vly Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2026
Closed on
Mar 26, 2026
Sold by
Bought by
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
Jon Hansen
Hansen Group Real Estate Inc
List Price
$3,500,000
Sold Price
$3,300,000
Premium/Discount to List
-$200,000
-5.71%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,994,099
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 29, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2018
Sold by
Bought by

Purchase Details

Closed on
May 16, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,300,000 Chicago Title
-- Chicago Title Insurance
$900,000 Chicago Title Insurance
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 Sold $3,300,000 -5.7% $393 / Sq Ft
01/14/2026 01/14/26 Pending -- -- --
01/09/2026 01/09/26 For Sale $3,500,000 -- $417 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,344 $3,499,650 $1,611,344 $1,888,306
2024 $25,361 $3,587,271 $1,782,400 $1,804,871
2023 $25,361 $3,261,228 $1,620,400 $1,640,828
2022 $25,035 $3,261,228 $1,620,400 $1,640,828
2021 $21,392 $2,695,283 $1,339,200 $1,356,083
2020 $20,493 $2,173,616 $1,080,000 $1,093,616
2019 $15,309 $2,012,607 $1,000,000 $1,012,607
2018 $15,762 $1,507,463 $648,650 $858,813
2017 $14,157 $1,327,004 $571,000 $756,004
2016 $13,599 $1,245,664 $536,000 $709,664
2015 $13,111 $1,245,664 $536,000 $709,664
2014 -- $1,162,000 $500,000 $662,000
2013 -- $1,162,000 $500,000 $662,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2465853

Northwest Multiple Listing Service (NWMLS)
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