WA > Bellingham > Columbia
Bellingham, WA 98225,2603 Elm ST
Bellingham, WA 98225,2603 Elm ST
Bellingham, WA 98225,2603 Elm ST
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Listed by COMPASS
$1,875,000
Est. payment /mo
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1 BD
1 BA
6,774 SqFt
Active

2603 Elm ST Bellingham, WA 98225

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Bob Papke

Bob Papke

+1(206) 890-5124

UPDATED:

12/12/2024 06:48 AM

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

Interior Features Hardwood, Wall to Wall Carpet

Flooring Hardwood, Vinyl, Carpet

Fireplace false

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

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Bob Papke

Broker | License ID: 98412

+1(206) 890-5124

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