2603 Elm Street
Bellingham, WA 98225
- – beds
- – baths
- 6,774 sqft
- 4,356 sqft lot
- $276 per sqft
- 1925 build
This well-maintained 9-unit property in Bellingham's sought-after Columbia neighborhood offers strong upside potential. With fully renovated units achieving near-market rents. attractive assumable debt, and 100% historical occupancy, it's a solid investment. The property is ideally located near downtown, public transit, and amenities. Future rezoning could allow for additional units, while slowing new deliveries in Bellingham set the stage for rent growth - projected to rise 21% over the next four years.
Last checked:
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Last updated Dec 16, 2024
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MLS# 2315547 —
The Building
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Year Built:1925
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:Brick
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Roof:See Remarks
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Units In Building Total:9
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Foundation Details:Poured Concrete
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# of Units Total:1
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Stories Total:2
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Building Area Total:6774
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Building Area Units:Square Feet
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Calculated SqFt:6774
Interior
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Interior Features:Hardwood, Wall to Wall Carpet
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Flooring:Hardwood, Vinyl, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:48.764621
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Longitude:-122.488594
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Directions:South on NW Ave, which turns into Elm St. Located at the intersection of Elm & West North Streets.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:3802245041410000
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Lot Features:Corner Lot, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.1
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Lot Size SqFt:4356
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Lot Size Source:Tax Record
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Zoning Class:Multi-Family
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View:false
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Waterfront:false
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Possible Use:Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 330-0314
- Office phone:
- (206) 330-0314
Taxes
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Tax Year:2024
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Tax Annual Amount:6220.54
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 Company:Bellingham
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:Bellingham
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Power Company:Pse
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Water Sewer Garbage:2870.8
Schools
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Elementary School:Columbia Elem
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Middle Or Junior School:Whatcom Mid
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High School:Bellingham High
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High School District:Bellingham
The Community
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Subdivision Name:Columbia
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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 / COMPASS
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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’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 |
|---|---|---|---|---|
|
12/11/24
Dec 11, 2024
|
Listed / Active | NWMLS | $1,875,000 | 2.7% (1.0% / YR) |
|
3/4/22
Mar 4, 2022
|
NWMLS | $1,825,000 | 62.2% (15.2% / YR) | |
|
12/17/21
Dec 17, 2021
|
Pending | NWMLS |
