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 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.
| MLS # | 2532842 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 97 |
| Listing Provided By | Bellwether Real Estate | Renae Ingraham |
| SQ Feet | 2,352 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.11 |
| Property View | Yes |
| Property | 7502 |
|---|
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98225 |
| Area | 860 Bellingham |
| Community Name | Lettered Streets |
| School District | Bellingham High |
| Elementary School | Parkview Elem |
| High School | Bellingham High |
| Listing VS Median (in Lettered Streets) | |
Price: $915,000 low | high Med: $759,000 sqft: 2,352 low | high Med: 2,259 $ / sqft: $389 low | high Med: $336 On site: 97 low | high Med: 144 | |
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98225 |
| Area | 860 Bellingham |
| Community Name | Lettered Streets |
| School District | Bellingham High |
| Elementary School | Parkview Elem |
| High School | Bellingham High |
| Listing VS Median (in Lettered Streets) | |
Price: $915,000 low | high Med: $759,000 sqft: 2,352 low | high Med: 2,259 $ / sqft: $389 low | high Med: $336 On site: 97 low | high Med: 144 | |