926 24th Street, Bellingham, WA 98225
- $1,185,000
- 3,120
- SqFt
Listing courtesy of Muljat Group. Selling Office: Coldwell Banker Bain.
- Sold Price
- $1,185,000
- List Price
- $1,195,000
- Status
- SOLD
- MLS#
- 2440509
- Closing Date
- Dec 05, 2025
- Days on Market
- 38
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,120
- Area Total SqFt
- 3120
- Annual Tax Ammount
- 7257
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
Incredible Southside Multi-Family Investment! Just blocks from WWU and Sehome Hill Arboretum, and minutes to Fairhaven, downtown, schools, restaurants, trails, and shopping, this well-positioned 5-plex offers outstanding rental stability. Each one-bedroom unit includes a private patio, storage, and strong rental history with consistently low vacancy rates. On-site coin-op laundry adds convenience for tenants. Property features a durable metal roof, newer windows, and efficient hot water tanks for low-maintenance ownership. Currently owner-managed, the building is fully leased through August 31, 2026, delivering immediate income and long-term security.
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Additional Information
- List Date
- 2025-10-28 00:00:00
- Community
- Happy Valley
- Net Operating Income
- $70,394
- Gross Adjusted Income
- $89,199
- Gross Scheduled Income
- $90,100
- Total Monthly Income
- $7,508
- Insurance Expenses
- $2,693
- Water/Sewer/Garbage Expenses
- $3,840
- Gross Rent Multiplier
- 13.26
- Total Expenses
- $18,804
- Cap Rate
- 5.9
- Vacancy Rate
- 1
- Total Number of Units
- 5
- Unit Name
- 926
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1973
- View
- Territorial
- Roof
- Metal
- Site Features
- Cable TV, High Speed Internet, Patio
- Electric Expenses
- 634
- Other Expenses
- 4380
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Happy Vly Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $7,508
- Gross Scheduled Income
- $90,100
- Vacancy Rate
- 1
- Gross Adjusted Income
- $89,199
- Tax Year
- 2025
- Insurance Expense
- $2,693
- W/S/G Expenses
- $3,840
- Total Expenses
- $18,804
- Net Operating Income
- $70,394
- Gross Rent Multiplier
- 13.26
- Cap Rate
- 5.9
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.