800 20th Street, Bellingham, WA 98225
- $1,900,000
- 6,240
- SqFt
Listing courtesy of Muljat Group. Selling Office: COMPASS.
- Sold Price
- $1,900,000
- List Price
- $1,850,000
- Status
- SOLD
- MLS#
- 2448112
- Closing Date
- Nov 20, 2025
- Days on Market
- 2
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,240
- Area Total SqFt
- 6240
- Annual Tax Ammount
- 12856
- Lot Size (sq ft)
- 12,197
- Sewer
- Available, Sewer Connected
- Offer Review Date
- 2025-11-03
Property Description
Well-positioned 8-unit apartment building in Bellingham’s high-demand student housing market. Located just one mile from the heart of Western Washington University, on a quiet dead-end street adjacent to Lowell Park, students can utilize nearby trails as a shortcut to campus, enhancing the property’s appeal. On-site covered parking also adds convenience for tenants. There is upside potential to increase rental income, positioning the property for a near 6% capitalization rate upon stabilization. This “diamond in the rough” presents a compelling opportunity for investors seeking to capitalize on Bellingham’s thriving student housing market.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/lakecavanaughrealty%252FLCRElogoeddie.png)
Additional Information
- List Date
- 2025-11-18 00:00:00
- Community
- Happy Valley
- Net Operating Income
- $109,925
- Gross Adjusted Income
- $152,064
- Gross Scheduled Income
- $158,400
- Total Monthly Income
- $152,064
- Insurance Expenses
- $3,432
- Water/Sewer/Garbage Expenses
- $6,400
- Gross Rent Multiplier
- 11.67
- Total Expenses
- $42,139
- Cap Rate
- 5.94
- Vacancy Rate
- 4
- Total Number of Units
- 8
- Unit Name
- 800
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- Roof
- Composition
- Electric Expenses
- 600
- Other Expenses
- 18851
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Lowell Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $152,064
- Gross Scheduled Income
- $158,400
- Vacancy Rate
- 4
- Gross Adjusted Income
- $152,064
- Tax Year
- 2025
- Insurance Expense
- $3,432
- W/S/G Expenses
- $6,400
- Total Expenses
- $42,139
- Net Operating Income
- $109,925
- Gross Rent Multiplier
- 11.67
- Cap Rate
- 5.94
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.