Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained… Read More by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down. Read Less
Listing courtesy of RE/MAX Whatcom County, Inc.
Listing Snapshot
Cumulative Days On Market
35
Days on Website
35
Last Updated
Property Type
Triplex
Square Ft.
2,376
Lot Size
0.21 Acres
Year Built
1925
MLS Number
2540094
30 Days Snapshot Of 98225
$810k
+16%
(avg) sold price
50
+31%
homes sold
65
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 2376, Building Area Units: Square Feet, Calculated Square Footage: 2376, Construction Methods: Standard Frame, Elevation Units: Feet, Leasable Area: 2376, Living Area: 0, Number Of Units Total: 3, Stories Total: 2, Structure Type: Triplex, Units In Building Total: 3, Year Built: 1925, Year Built Effective: 2018
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 ,
Confirm your time
Fill in your details and we will contact you to confirm a time.