Listed by Windermere Real Estate Whatcom
$789,000
OPEN SAT 10:30AM - 12PM

Estimated payment $5,000/month

Total Views 29
4 Beds
5 Baths
1,760 Sq Ft
$448 Price per Sq Ft

Highlights

  • Ocean View
  • Deck
  • Ceramic Tile Flooring
  • Fairhaven Middle School Rated A-
  • No HOA
  • 2-minute walk to Forest & Cedar Park

About This Home

You didn't imagine your investment property looking like this, huh? A South Hill duplex feat sunset views of the bay, city, + islands that's centered btw downtown, Fairhaven, + WWU creates an attractive location for renters + owner-occupants alike. Upper unit has 2 beds, 1.75 baths, vaulted ceilings, + a kitchen/living/dining area that opens onto expansive west-facing deck. Lower unit has 2 beds, 3/4 bath, + patio, w/ both levels offering in-unit laundry. 4 total parking spots incl carport w/ 2 storage lockers. Bolstered by low expenses, the strong 5.3% cap rate can be improved even further by bringing lower unit rents up to market or, use lower rent to subsidize while living upstairs. A trinity of location, appeal, + financial opportunity!

Listing Agent

Jacson Bevens

Windermere Real Estate Whatcom License #127233 Listed on: 06/19/2025

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2393869

Northwest Multiple Listing Service (NWMLS)

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,265

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 55'x125'

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • City
  • Mountain

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • New Whatcom Condos
  • South Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 65
  • Assessor Parcel Number 3802365453820000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,265

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1972
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: NEW WHATCOM
  • New Construction: No
  • CalculatedSquareFootage: 1760
  • Special Features: OpenHouse

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Ocean, Sound
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • CableConnected: Xfinity
  • WaterSewerGarbage: 1001

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3802365453820000
  • Lot Size Acres: 0.15
  • Lot Size: 55'x125'
  • Lot Size Sq Ft: 6534
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: City
  • LotNumber: 7

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 15.3
  • LeasedItems: None
  • TotalMonthlyIncome: 4300

Multi Family

  • Gross Scheduled Income: 51600
  • Net Operating Income: 41834
  • Number Of Units Total: 2
  • Insurance Expense: 1500
  • Leasable Area: 1760
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 7265

MLS Schools

  • Elementary School: Lowell Elem

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

Tax History

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
2024 $7,082 $887,662 $572,652 $315,010
2023 $7,082 $910,262 $587,232 $323,030
2022 $5,598 $771,423 $497,664 $273,759
2021 $5,492 $602,675 $388,800 $213,875
2020 $4,845 $558,032 $360,000 $198,032
2019 $4,565 $475,850 $318,200 $157,650
2018 $4,595 $449,537 $300,699 $148,838
2017 $4,000 $386,847 $258,430 $128,417
2016 $3,595 $351,927 $234,995 $116,932
2015 $3,604 $329,306 $221,665 $107,641
2014 -- $319,404 $215,000 $104,404
2013 -- $313,544 $212,400 $101,144
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $789,000 +34.2% $448 / Sq Ft
06/20/2019 06/20/19 Sold $588,000 -1.7% $334 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $598,000 -- $340 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $588,000 Chicago Title Insurance
Warranty Deed $414,280 First American Title Insuran
Warranty Deed $358,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $279,781 New Conventional
Previous Owner $297,500 Unknown
Previous Owner $150,000 Purchase Money Mortgage
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2393869

Northwest Multiple Listing Service (NWMLS)

APN: 380236-545382-0000