This impeccably maintained craftsman tri-plex is conveniently located directly across from WWU. This is a perfect location!! GSI of $85,000 is $25,000 to $30,000 higher than current tri-plex or fourplex listings. Trash paid by tenants directly to SSC, resulting in $1,800+ in Owner-savings per year. Coin laundry on-site adds an add'l $1,800 per year in income. Tri-plex leases easily due to location, never had a vacancy. All units are leased thru summer 2022! Each Unit has one Master Lease with a co-signer for each tenant. Same Owner for 20+ years has completed extensive renovations. Loads of old charm and character with 9 ft. ceilings, built-in cabinetry, bay windows, pediments, and moldings. Front covered rocking chair porch, bay views.
Last Agent to Sell the Property
Bob Lycan
Keller Williams Western Realty License #2170 Listed on: 04/30/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1764880
$1,100,000
Classic Victorian Tri-Plex near WWU! This 2,294 SF income-producing property features three separate units: a 3BD/1BA renting for $2,800/mo, a 2BD/1BA at $2,100/mo, and a studio unit at $1,250/mo. Each unit is separately metered for gas and electricity. Additional income from a rented garage ($75/mo) and two off-alley parking spots. Unbeatable location—just a 5-minute walk to WWU and downtown
Galen Hirss COMPASS
$1,100,000
Turnkey investment for a seasoned investor or your first investment: A fully-occupied, professionally managed 3-unit triplex located in a highly desirable Samish neighborhood, mere minutes from Western Washington University, I-5, shopping, restaurants, and walk to the park & ride for WWU.
Jay Reilly Windermere Real Estate Whatcom
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,325,000 | Whatcom Land Title | |
| Warranty Deed | $1,185,000 | Whatcom Land Title Co Inc | |
| Warranty Deed | $291,000 | Whatcom Land Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $662,500 | New Conventional | |
| Previous Owner | $711,000 | New Conventional | |
| Previous Owner | $318,000 | New Conventional | |
| Previous Owner | $232,800 | Purchase Money Mortgage |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2024 03/25/24 | Sold | $1,325,000 | -8.3% | $355 / Sq Ft |
| 03/09/2024 03/09/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | Price Changed | $1,445,000 | -3.3% | $387 / Sq Ft |
| 02/01/2024 02/01/24 | For Sale | $1,495,000 | +26.2% | $400 / Sq Ft |
| 07/02/2021 07/02/21 | Sold | $1,185,000 | -7.8% | $317 / Sq Ft |
| 05/28/2021 05/28/21 | Pending | -- | -- | -- |
| 05/25/2021 05/25/21 | For Sale | $1,285,000 | 0.0% | $344 / Sq Ft |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 04/30/2021 04/30/21 | For Sale | $1,285,000 | -- | $344 / Sq Ft |
| 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 | $10,837 | $1,358,588 | $652,187 | $706,401 |
| 2023 | $10,837 | $1,393,179 | $668,792 | $724,387 |
| 2022 | $8,568 | $1,180,683 | $566,784 | $613,899 |
| 2021 | $8,406 | $922,409 | $442,800 | $479,609 |
| 2020 | $7,457 | $854,082 | $410,000 | $444,082 |
| 2019 | $7,024 | $732,397 | $250,120 | $482,277 |
| 2018 | $7,079 | $691,684 | $236,363 | $455,321 |
| 2017 | $6,165 | $595,986 | $203,138 | $392,848 |
| 2016 | $5,497 | $542,433 | $184,717 | $357,716 |
| 2015 | $5,511 | $503,529 | $174,239 | $329,290 |
| 2014 | -- | $488,389 | $169,000 | $319,389 |
| 2013 | -- | $472,724 | $163,725 | $308,999 |
Seller's Agent in 2024
Lisa Hjorten
Pacific Edge Properties
(425) 591-7330
4 in this area
54 Total Sales
C
Buyer's Agent in 2024
Christopher Lee
Bellingham Real Estate Company
(360) 389-3894
4 in this area
102 Total Sales
B
Seller's Agent in 2021
Bob Lycan
Keller Williams Western Realty
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1764880
APN: 380331-061398-0000
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