919 921 923 24th Street, Bellingham, WA 98225

$1,650,000
4,800
SqFt

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Listing Broker: eXp Realty; Jon Rockwood; ; Selling Office: Den Finder.

Sold Price
$1,650,000
List Price
$1,795,000
Status
SOLD
MLS#
2436569
Closing Date
Mar 16, 2026
Days on Market
127
Style
56 - 10+ Units
Finished SqFt
4,800
Area Total SqFt
4800
Annual Tax Ammount
8899
Lot Size (sq ft)
8,712
Sewer
Sewer Connected

Property Description

Come take a look at 919-923 24th St in Bellingham—a fully occupied multi-unit property priced at $1.83 million. This special investment offering includes a 7 bedroom home and a separate duplex, each unit boasting four bedrooms. Generating approximately $132,000 in annual gross rent (over 5% cap rate), this property is a good investment opportunity with its prime location close to Western Washington University. Check out attached floor plans, and a 3D virtual tour (upon request) to see all that is being offered. This property is consistently rented and a prime student rental location, this is a turnkey opportunity you won’t want to miss!

Additional Information

List Date
2025-11-09 00:00:00
Community
Bellingham
Net Operating Income
$100,593
Gross Adjusted Income
$132,066
Gross Scheduled Income
$132,066
Total Monthly Income
$11,050
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$3,439
Gross Rent Multiplier
13.8
Total Expenses
$31,473
Cap Rate
5.6
Total Number of Units
3
Unit Name
919 921 923
Potential Terms
Cash, Conventional
Year Built
1968
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially
Other Expenses
17335
Energy Source
Electric, Natural Gas
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$11,050
Gross Scheduled Income
$132,066
Gross Adjusted Income
$132,066
Tax Year
2025
Insurance Expense
$1,800
W/S/G Expenses
$3,439
Total Expenses
$31,473
Net Operating Income
$100,593
Gross Rent Multiplier
13.8
Cap Rate
5.6
Based on information submitted to the MLS GRID as of . 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.
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