2701 Northwest Avenue, Bellingham, WA 98225
- $995,000
- 2,376
- SqFt
Listing courtesy of RE/MAX Whatcom County, Inc..
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2540094
- Days on Market
- 43
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,376
- Area Total SqFt
- 2376
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.
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Additional Information
- List Date
- 2026-06-15 16:54:33
- Community
- Bellingham
- Total Monthly Income
- $5,925
- Cap Rate
- 6.5
- Total Number of Units
- 3
- Unit Name
- 2701
- Potential Terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Year Built
- 1925
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, High Speed Internet, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Columbia Elem
- Middle School
- Shuksan Mid
- High School
- Bellingham High
- Total Monthly Income
- $5,925
- Tax Year
- 2026
- Cap Rate
- 6.5
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