2603 Elm Street
Bellingham, WA 98225
6774 sqft | 0.10 acres | #2315547
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.
Property Details
- InteriorHardwood, Wall to Wall Carpet
- Lot DescriptionCorner Lot, Paved, Sidewalk
- Date ListedDecember 11, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- High SchoolBellingham High
- Style55 - 5-9 Units
- Elementary SchoolColumbia Elem
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Middle SchoolWhatcom Mid
- School DistrictBellingham
- Original List Price$1,875,000
- SubdivisionColumbia
- CountyWhatcom
- MLS #2315547
- Cost1875000
- MLS #2315547
- Utility SourcePublic
- Taxes Annual$6,220
- Exterior MaterialsBrick
- Square Feet6774
- Year Built1925
- Acres0.1
- Stories2
- Days on Market (Cumulative)7
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-11 22:48:09. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Coleton Pantley (#NWM146347)
Listing Office: COMPASS (#NWM7912)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
