Bought with COMPASS
$1,900,000
$1,850,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
13 Beds
8 Baths
6,240 SqFt
SOLD DATE : 11/20/2025
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $304
Subdivision Happy Valley
MLS Listing ID 2448112
Sold Date 11/20/25
Style 55 - 5-9 Units
Bedrooms 13
Year Built 1980
Annual Tax Amount $12,856
Lot Size 0.280 Acres
Property Sub-Type Multi Family
Property Description
Well-positioned 8-unit apartment building in Bellingham's high-demand student housing market. Located just one mile from the heart of Western Washington University, on a quiet dead-end street adjacent to Lowell Park, students can utilize nearby trails as a shortcut to campus, enhancing the property's appeal. On-site covered parking also adds convenience for tenants. There is upside potential to increase rental income, positioning the property for a near 6% capitalization rate upon stabilization. This “diamond in the rough” presents a compelling opportunity for investors seeking to capitalize on Bellingham's thriving student housing market.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Available, Sewer Connected
New Construction No
Schools
Elementary Schools Lowell Elem
Middle Schools Fairhaven Mid
High Schools Sehome High
School District Bellingham
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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