826 N Garden Street, Bellingham, WA 98225
- $1,900,000
- 3,494
- SqFt
Listing Broker: Hammer Properties NW Inc.; Nikki Quinn; ; Selling Office: BHHS Bayside Realty.
- Sold Price
- $1,900,000
- List Price
- $1,998,000
- Status
- SOLD
- MLS#
- 2483613
- Closing Date
- May 11, 2026
- Days on Market
- 18
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,494
- Area Total SqFt
- 3494
- Annual Tax Ammount
- 10181
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Excellent student housing investment located just 2 blocks from Western Washington University. This offering includes two duplexes built in 2021, each unit featuring 3 bedrooms and 1 bath with modern finishes and functional layouts ideal for shared living. Units have porches or decks with City and Bay Views. Shared laundry room and shared parking add convenience while maximizing site efficiency. Newer construction minimizes maintenance and supports strong, consistent rental demand in this prime university location.
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Additional Information
- List Date
- 2026-04-23 00:00:00
- Community
- Sehome
- Net Operating Income
- $84,750
- Gross Adjusted Income
- $117,637
- Gross Scheduled Income
- $123,829
- Total Monthly Income
- $10,475
- Insurance Expenses
- $1,218
- Water/Sewer/Garbage Expenses
- $4,702
- Gross Rent Multiplier
- 16.14
- Total Expenses
- $32,887
- Cap Rate
- 4.2
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 826
- Potential Terms
- Conventional
- Year Built
- 2021
- View
- Bay, City, Territorial
- Roof
- Flat
- Site Features
- Cable TV, Deck, High Speed Internet
- Electric Expenses
- 1083
- Other Expenses
- 15703
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $10,475
- Gross Scheduled Income
- $123,829
- Vacancy Rate
- 5
- Gross Adjusted Income
- $117,637
- Tax Year
- 2025
- Insurance Expense
- $1,218
- W/S/G Expenses
- $4,702
- Total Expenses
- $32,887
- Net Operating Income
- $84,750
- Gross Rent Multiplier
- 16.14
- Cap Rate
- 4.2
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.