Welcome to Whatcom | John L. Scott Bellingham
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$6,500,000

Active

Listing provided by Ben Douglas, Paragon Real Estate Advisors

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DOM

Ask Austin

About this property.

31-unit multifamily community situated in Seattle’s desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle’s most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.

Property details.

Property TypeResidential Income
Sub TypeMulti Family
Stories3
Year Built1963
Lot Acres0.55
Garage0 car
List Price$6,500,000
MLS StatusActive

Features.

Exterior

Cement/ConcreteStoneWoodWood Products

Heating

BaseboardForced Air

Cooling

None

Flooring

Vinyl Plank

Agent information.

List AgentBen Douglas
List OfficeParagon Real Estate Advisors
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Ben Douglas, Paragon Real Estate Advisors

Courtesy of Paragon Real Estate Advisors

Source: NWMLS, MLS#: 2526962NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 05/29/2026, 13:01:07 PST. 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. Provided by NWMLS as distributed by MLS Grid.

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