1059 N State Street
Bellingham, WA 98225
- – beds
- – baths
- 18,150 sqft
- 6,970 sqft lot
- $97 per sqft
- 1908 build
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The Pacific Building located in downtown Bellingham is a charming brick structure consisting of 9 apartments and two large retail spaces. This value-add opportunity is listed over a 6% cap rate trending to over 11% on conservative proforma numbers. Building has been kept up very well and appears to be structurally sound but may need seismic reinforcement in the future (URM, buyer to verify). Apartments feature tall ceilings, millwork, cozy built-ins, large windows with second story territorial views of DT Bellingham. Retail spaces pose as the most significant value-add component. Roof is 15 years old, retail spaces are sprinkled, electrical is copper with newer panels / meters, plumbing mostly original.
Listing courtesy of NWMLS / The Foundation Group LLC. Bought with The Foundation Group LLC.
Last checked:
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Last updated Sep 5, 2024
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MLS# 2064358 —
The Building
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Year Built:1908
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Year Built:1908
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:See Remarks
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Roof:Torch Down
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Units In Building Total:11
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Foundation Details:Poured Concrete, Slab
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# of Units Total:11
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Stories Total:2
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Building Area Total:18150
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Building Area Units:Square Feet
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Calculated SqFt:18150
Interior
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Interior Features:Concrete, Hardwood
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Furnished:Unfurnished
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Flooring:Concrete, Hardwood
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Fireplace:false
Financial & Terms
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Possession:Closing
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Buyer Financing:Conventional
Location
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Latitude:48.74644
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Longitude:-122.480617
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Directions:From I-5 Take exit 253 for Lakeway Dr, Take Lakeway Dr, E Holly St and N State St to your destination
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Property Condition:Fair
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Parcel Number:3803301370050000
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Lot Features:Alley
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Lot Size Units:Square Feet
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Lot Size Acres:0.16
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Lot Size SqFt:6970
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Lot Size Source:Public Records
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Zoning Class:Commercial,Multi-Family
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Zoning Jurisdiction:City
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View:Bay, City, Territorial
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View:true
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Waterfront:false
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Possible Use:Commercial, Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- 2063(241) 900-1014
- Office phone:
- 2063(241) 900-1014
Taxes
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Tax Year:2022
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Tax Annual Amount:12023.44
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Radiator
Utilities
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Water Source:Public
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Sewer:Sewer Connected
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Water Sewer Garbage:11000
Schools
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High School District:Bellingham
The Community
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Subdivision Name:Bellingham
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Senior Community:false
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Association:false
Parking
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Parking Total:2
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Parking Uncovered Spaces:2
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Open Parking:true
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Open Parking Spaces:2
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Carport:false
Listing courtesy of NWMLS / The Foundation Group LLC. Bought with The Foundation Group LLC.
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Nov 05 2024 02:44 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/2/23
Oct 2, 2023
|
Sold | NWMLS | $1,775,000 | -7.8% |
5/17/23
May 17, 2023
|
Pending | NWMLS | $1,925,000 | |
5/8/23
May 8, 2023
|
Listed / Active | NWMLS | $1,925,000 |