2603 Elm ST Active Save Request In-Person Tour Request Virtual Tour
Bellingham,WA 98225
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,774 sqft
Price per Sqft $276
Subdivision Columbia
MLS Listing ID 2315547
Style 55 - 5-9 Units
Bedrooms 1
Year Built 1925
Annual Tax Amount $6,220
Lot Size 4,356 Sqft
Property Description
This well-maintained 9-unit property in Bellingham's sought-after Columbia neighborhood offers strong upside potential. With fully renovated units achieving near-market rents. attractive assumable debt, and 100% historical occupancy, it's a solid investment. The property is ideally located near downtown, public transit, and amenities. Future rezoning could allow for additional units, while slowing new deliveries in Bellingham set the stage for rent growth - projected to rise 21% over the next four years.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Hardwood,Vinyl,Carpet
Exterior
Exterior Feature Brick
View Y/N No
Roof Type See Remarks
Building
Lot Description Corner Lot,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Columbia Elem
Middle Schools Whatcom Mid
High Schools Bellingham High
School District Bellingham
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional