2312 Orleans Street, Bellingham, WA 98229
- $1,099,000
- 3,456
- SqFt
Listing courtesy of Keller Williams Western Realty.
- List Price
- $1,099,000
- Status
- ACTIVE
- MLS#
- 2449566
- Days on Market
- 271
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,456
- Area Total SqFt
- 3456
- Annual Tax Ammount
- 6915.42
- Lot Size (sq ft)
- 10,019
- Sewer
- Sewer Connected
Property Description
Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for investors seeking steady returns and long-term upside. Current rents are below market, creating immediate value-add potential with rent adjustments or upgrades. Whether you’re entering the investment market or expanding your portfolio, this property offers solid cash flow today and room to grow tomorrow. Buyer to verify development potential.
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Additional Information
- List Date
- 2025-10-30 22:10:33
- Community
- Bellingham
- Net Operating Income
- $60,240
- Gross Adjusted Income
- $70,656
- Gross Scheduled Income
- $70,656
- Total Monthly Income
- $5,888
- Insurance Expenses
- $3,500
- Gross Rent Multiplier
- 16
- Total Expenses
- $10,415
- Cap Rate
- 5.5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 2312
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1973
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $5,888
- Gross Scheduled Income
- $70,656
- Vacancy Rate
- 5
- Gross Adjusted Income
- $70,656
- Tax Year
- 2025
- Insurance Expense
- $3,500
- Total Expenses
- $10,415
- Net Operating Income
- $60,240
- Gross Rent Multiplier
- 16
- 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.