Exceptional investment opportunity located in Bellingham's waterfront Old Town District and the highly sought-after Lettered Streets neighborhood. This well-maintained fourplex features four 1-bedroom, 1-bath units, each offering views of Bellingham Bay. Ideally situated near downtown Bellingham, Western Washington University, the waterfront, shopping, dining, parks, and public transportation, this property benefits… Read More from strong rental demand and a highly convenient location. Features include a newer roof, a dedicated on-site parking lot with ample off-street parking, a community laundry room for tenant convenience, and a dedicated storage locker for each unit. Consistent occupancy and potential for future income growth through rent adjustments offer investors an opportunity to enhance returns over time. Multifamily opportunities in this location are rarely available. Combining bay views, walkability to the waterfront redevelopment district, and proximity to major employment, education, and recreation hubs, this property offers an attractive blend of stability and upside potential. Whether you're looking to expand an existing portfolio or acquire a quality multifamily asset in one of Bellingham's most desirable neighborhoods, this fourplex presents a compelling investment opportunity. Read Less
Listing courtesy of Bellwether Real Estate
Listing Snapshot
Cumulative Days Active
159
Last Updated
Property Type
Multi Family
Square Ft.
2,352
Lot Size
0.11 Acres
Year Built
1980
Property Tax
$7,502
MLS Number
2532842
Additional Details
Building
Built in 1980, Built in 1980 (effective), 2 stories, Construction Materials: Metal/Vinyl, Wood
Cooling
None
Expenses
Electric: $741, Insurance: $2,243, Other Expense: $12,507
Exterior Features
Metal/Vinyl, Wood Products
Floors
Vinyl, Carpet
Foundation
Poured Concrete
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $65,400, Net Operating Income: $37,994
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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