201 Tull Court, Bellingham, WA 98226

$10,995,000
30,104
SqFt

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Listing courtesy of Muljat Group.

List Price
$10,995,000
Status
ACTIVE
MLS#
2546453
Days on Market
22
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
30,104
Area Total SqFt
30104
Annual Tax Ammount
61494
Lot Size (sq ft)
107,593
Sewer
Sewer Connected

Property Description

Recently built and beautifully designed Tull Court Townhomes in Northern Bellingham! Townhomes are located just off Meridian Street in a private cul-de-sac, which gives this property a rural feel within city limits. The property is in close proximity to major shopping centers, Whatcom Community College, and just over one mile from I-5 access. The 32-units are a mix of primarily 2-bed/1.5-bath and some 3-bed/2.5-bath. Units feature fully equipped kitchens, in-unit washer/dryer, and high-end finishes.

Additional Information

List Date
2026-07-06 16:22:13
Community
Bellingham
Net Operating Income
$608,373
Gross Adjusted Income
$761,256
Gross Scheduled Income
$784,800
Total Monthly Income
$66,142
Insurance Expenses
$10,000
Gross Rent Multiplier
14.01
Total Expenses
$161,781
Cap Rate
5.53
Vacancy Rate
3
Total Number of Units
32
Unit Name
201
Potential Terms
Cash, Conventional
Year Built
2021
Roof
Metal
Electric Expenses
3200
Other Expenses
87087
Energy Source
Electric
School District
Bellingham
Elementary School
Cordata Elem
Middle School
Whatcom Mid
High School
Squalicum High
Total Monthly Income
$66,142
Gross Scheduled Income
$784,800
Vacancy Rate
3
Gross Adjusted Income
$761,256
Tax Year
2025
Insurance Expense
$10,000
Total Expenses
$161,781
Net Operating Income
$608,373
Gross Rent Multiplier
14.01
Cap Rate
5.53
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.

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