Welcome to Whatcom | John L. Scott Bellingham
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$1,150,000

Active

Listing provided by Ricardo Mendes, Windermere Real Estate/Summit

0

DOM

Ask Austin

About this property.

Attention multifamily investors: Secure an immediate, 100% occupied cash-flow generator delivering nearly $95K/year in gross revenue at a strong 6.03% cap rate. Each of the four spacious units offers 2 bedrooms, 1.5 bathrooms, and 1,023 sq. ft., featuring a full kitchen, dining area, living room, in-unit washer and dryer, and a private patio or deck. This prime location pairs a walkable historic downtown lifestyle with seamless commuter access to major Auburn, Kent, Tacoma, and Seattle job centers—ensuring exceptional long-term tenant retention and a ~2% vacancy rate. High-demand amenities include two dedicated parking spaces per unit (one covered carport), recent updates like new LVP flooring in one unit, and vacant on-site private storage units providing immediate value-add upside to expand your net operating income (NOI). Turnkey assets with this level of proven performance are rare - act fast!

Property details.

Property TypeResidential Income
Sub TypeMulti Family
Stories2
Year Built1981
Lot Acres0.28
Garage0 car
List Price$1,150,000
MLS StatusActive

Features.

Exterior

Metal/Vinyl

Heating

Baseboard

Cooling

None

Flooring

VinylVinyl PlankCarpet

Agent information.

List AgentRicardo Mendes
List OfficeWindermere Real Estate/Summit
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Ricardo Mendes, Windermere Real Estate/Summit

Courtesy of Windermere Real Estate/Summit

Source: NWMLS, MLS#: 2550339NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 07/09/2026, 14:45:35 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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