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John Dirgo Deweese

john@realtyonegroupallstars.com +1(360) 986-5969

Listed by Muljat Group

$1,850,000

Est. payment - /mo

13 Beds

8 Baths

6,240 SqFt

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Wed Oct 29, 12:00pm - 1:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,240 sqft

Price per Sqft $296

Subdivision Happy Valley

MLS Listing ID 2448112

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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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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John Dirgo Deweese

+1(360) 986-5969

Designated Broker | License ID: 25033

Designated Broker License ID: 25033

800 20th Street Bellingham, WA 98225

John Dirgo Deweese

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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800 20th Street