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LCR
214 Carolina Street, Bellingham, WA 98225
- $1,015,000
- 3,029
- SqFt
Listing Broker: Coldwell Banker Bain; Andy Webster; ; Selling Office: Coldwell Banker Bain.
- Sold Price
- $1,015,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2439286
- Closing Date
- Oct 24, 2025
- Days on Market
- 4
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,029
- Area Total SqFt
- 3029
- Annual Tax Ammount
- 8026
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 13,504
- Sewer
- Sewer Connected
Property Description
Sunnyland Neighborhood: Each unit of the 4-plex is configured as a 2 bedroom 1 bath units of approximately 757 SF. Tenant off-street parking. Well maintained units with a stable 5.5 cap rate, strong cash flow and in an area of high rental demand, increasing rents and low vacancy rates. The single level building is cost effective structure with low maintenance siding and newer roof. Popular central location, near Trader Joe's, Hardware Sales and Bellingham High School. A sound investment.
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Additional Information
- List Date
- 2025-10-20 00:00:00
- Community
- Sunnyland
- Net Operating Income
- $58,658
- Gross Adjusted Income
- $81,110
- Gross Scheduled Income
- $79,550
- Total Monthly Income
- $6,628
- Insurance Expenses
- $4,450
- Water/Sewer/Garbage Expenses
- $7,656
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $22,452
- Cap Rate
- 5.5
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 214
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 2320
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Sunnyland Elem
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $6,628
- Gross Scheduled Income
- $79,550
- Vacancy Rate
- 1
- Gross Adjusted Income
- $81,110
- Tax Year
- 2025
- Insurance Expense
- $4,450
- W/S/G Expenses
- $7,656
- Total Expenses
- $22,452
- Net Operating Income
- $58,658
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 5.5
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.