3512 3514 Northwest Avenue, Bellingham, WA 98225
- $2,890,000
Listing Broker: Windermere Real Estate Whatcom; Michael C. Kingsley; ; Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $2,890,000
- List Price
- $2,995,000
- Status
- SOLD
- MLS#
- 2341613
- Closing Date
- Sep 25, 2025
- Days on Market
- 85
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 17055
- Lot Size (sq ft)
- 20,038
- Sewer
- Sewer Connected
Property Description
Recently renovated 12-unit apartment complex in Bellingham, WA. Property features (12) 2bed/1 bath units contained in two 3 story garden walk up building of 6 units per building. Excellent surface parking with 18 parking spaces. All units are corner units with decks, washers, dryers, oven/stoves, refrigerators, stainless sinks, LVP and low pile carpet flooring, wood cabinets, and tub/shower combos. Renovations include rehabilitation of stair system and walkways as needed, newer roof, full remodel of 11 of the 12 units, new high tech water heaters when replaced, site improvements and more. See attached OM for details. Great location, & proximity to services, schools, transportation, shopping & food. 6.2 CAP in Bellingham, Won't last long!!
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/lakecavanaughrealty%252FLCRElogoeddie.png)
Additional Information
- List Date
- 2025-07-02 00:00:00
- Community
- Birchwood
- Net Operating Income
- $186,067
- Gross Adjusted Income
- $237,659
- Gross Scheduled Income
- $240,060
- Total Monthly Income
- $20,050
- Insurance Expenses
- $4,282
- Water/Sewer/Garbage Expenses
- $11,448
- Gross Rent Multiplier
- 12.92
- Total Expenses
- $51,592
- Cap Rate
- 6.2
- Vacancy Rate
- 1
- Total Number of Units
- 1
- Unit Name
- 3512 3514
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1989
- Roof
- Composition, See Remarks
- Site Features
- Cable TV, Deck, Fenced-Partially, Outbuildings
- Electric Expenses
- 612
- Other Expenses
- 18195
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $20,050
- Gross Scheduled Income
- $240,060
- Vacancy Rate
- 1
- Gross Adjusted Income
- $237,659
- Tax Year
- 2024
- Insurance Expense
- $4,282
- W/S/G Expenses
- $11,448
- Total Expenses
- $51,592
- Net Operating Income
- $186,067
- Gross Rent Multiplier
- 12.92
- Cap Rate
- 6.2
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.