Listed by Windermere Real Estate Whatcom
$2,995,000
PENDING $115K PRICE DROP

Estimated payment $17,378/month

Total Views 7,922
2 Beds
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Partially Fenced Property
  • Bellingham High School Rated A
  • Baseboard Heating

About This Home

Recently renovated 12-unit apartment complex in Bellingham, WA. Property features (12) 2bed/1 bath units contained in two 3 story garden walk up building of 6 units per building. Excellent surface parking with 18 parking spaces. All units are corner units with decks, washers, dryers, oven/stoves, refrigerators, stainless sinks, LVP and low pile carpet flooring, wood cabinets, and tub/shower combos. Renovations include rehabilitation of stair system and walkways as needed, newer roof, full remodel of 11 of the 12 units, new high tech water heaters when replaced, site improvements and more. See attached OM for details. Great location, & proximity to services, schools, transportation, shopping & food. 6.2 CAP in Bellingham, Won't last long!!

Listing Agent

Mike Kingsley

Windermere Real Estate Whatcom License #82048 Listed on: 03/11/2025

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2341613

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,055

Year Built

  • Built in 1989

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property

Home Design

  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 18 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Birchwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3802131831990000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,055

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1989
  • MLS Status: Pending - Backup Offer Requested
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 2
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition, See Remarks
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 18
  • Open Parking: Yes
  • Total Parking Spaces: 18
  • ParkingUncoveredSpaces: 18

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 11448

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3802131831990000
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20038
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.92
  • LeasedItems: None
  • TotalMonthlyIncome: 20050

Multi Family

  • Gross Scheduled Income: 240060
  • Net Operating Income: 186067
  • Number Of Units Total: 1
  • Electric Expense: 612
  • Insurance Expense: 4282
  • Leasable Area: 9480
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 17055

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Pending -- -- --
04/02/2025 04/02/25 Price Changed $2,995,000 -3.7% --
03/11/2025 03/11/25 For Sale $3,110,000 +107.3% --
12/15/2017 12/15/17 Sold $1,500,000 -6.3% $156 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
10/19/2017 10/19/17 Price Changed $1,600,000 -5.9% $167 / Sq Ft
10/04/2017 10/04/17 For Sale $1,700,000 -- $177 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2341613

Northwest Multiple Listing Service (NWMLS)