1901 I Street, Bellingham, WA 98225
- $700,000
- 2,006
- SqFt
Listing Broker: Windermere Real Estate Whatcom; Hannah Tilley; ; Selling Office: eXp Realty.
- Sold Price
- $700,000
- List Price
- $699,000
- Status
- SOLD
- MLS#
- 2437774
- Closing Date
- Oct 03, 2025
- Days on Market
- 6
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,006
- Area Total SqFt
- 2006
- Annual Tax Ammount
- 5741
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Investment Opportunity in Bellingham’s Historic Lettered Streets! This centrally located, turn-of-the-century duplex on a large corner lot offers solid rental income and long-term upside. The lower unit features 2 beds/1 bath and over 1,200 sq ft of living space, while the upper unit offers 1 bed/1 bath and 800+ sq ft. Shared laundry is conveniently located on the back porch utility room. Plenty of off-street parking for tenants. Located minutes from downtown, parks, WWU, and the waterfront. his property is ideal for investors seeking long term stable returns, future value-add potential, or the future potential for owner-occupancy with rental income. Don’t miss this rare multifamily find in a high-demand rental market!
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Additional Information
- List Date
- 2025-09-27 00:00:00
- Community
- Lettered Streets
- Net Operating Income
- $21,259
- Gross Adjusted Income
- $34,800
- Gross Scheduled Income
- $34,800
- Total Monthly Income
- $2,900
- Insurance Expenses
- $4,401
- Water/Sewer/Garbage Expenses
- $3,399
- Gross Rent Multiplier
- 20
- Total Expenses
- $13,541
- Cap Rate
- 3.4
- Total Number of Units
- 2
- Unit Name
- 1901
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1895
- Roof
- Composition
- Site Features
- Gas Available, High Speed Internet
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Bellingham High
- Total Monthly Income
- $2,900
- Gross Scheduled Income
- $34,800
- Gross Adjusted Income
- $34,800
- Tax Year
- 2025
- Insurance Expense
- $4,401
- W/S/G Expenses
- $3,399
- Total Expenses
- $13,541
- Net Operating Income
- $21,259
- Gross Rent Multiplier
- 20
- Cap Rate
- 3.4
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.