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Leah Schulz

leah@goleah.com +1(206) 523-1288

Listed by:RE/MAX Whatcom County, Inc. • Rebecca Heathcock

$ 950,000

Est. payment -/mo

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Active

2701 Northwest AVE Bellingham, WA 98225

3 Beds

3 Baths

2,376 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,376 sqft

Price per Sqft $399

Subdivision Bellingham

MLS Listing ID 2540094

Style 53 - Tri-plex

Bedrooms 3

Year Built 1925

Lot Size 9,148 Sqft

Property Sub-Type Multi Family

Property Description

Two-story mixed-use triplex on sunny corner lot in sought-after Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 3 separate offices (or treatment rooms) and a 4th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Laminate, See Remarks, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete

Amenities Available Cable TV, High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Flat

Building

Lot Description Corner Lot

Sewer Sewer Connected

New Construction No

Schools

Elementary Schools Columbia Elem

Middle Schools Shuksan Mid

High Schools Bellingham High

School District Bellingham

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks

Listing Terms Cash, Conventional, Owner Will Carry, See Remarks

Virtual Tour https://youtu.be/CGNy4JQ5o4M

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Leah Schulz

Broker -25053

+1(206) 523-1288

Leah Schulz

2701 Northwest AVE Bellingham, WA 98225

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2701 Northwest AVE