1515 F Street, Bellingham, WA 98225
- $1,395,000
- 3,129
- SqFt
Listing Broker: Keller Williams Western Realty; Colin Koeberle; 360-994-1384; Colin@benkinneyteam.com
- List Price
- $1,395,000
- Status
- ACTIVE
- MLS#
- 2599365
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 3,129
- Area Total SqFt
- 3129
- Annual Tax Ammount
- 7199.01
- Lot Size (sq ft)
- 5,005
- Sewer
- Sewer Connected
Property Description
Offering up to $20,000 toward buyer's closing costs or rate buydown! Some homes are renovated. This one was reborn. Taken down to the studs and rebuilt with uncompromising quality, this Lettered Streets classic pairs historic charm with the confidence of brand-new systems throughout - every roof, window, line and wire replaced at once and done right. Sunlight pours into the sun room, refinished hardwoods and custom solid-wood trim warm the space, and the flexible four-bedroom layout with two primary suites plus a dedicated office lives as beautifully as it shows. The remodeled kitchen and marble-floored bath reflect the same craftsmanship, so weekends start with coffee on a quiet, tree-lined street. Outside: generous private parking, a huge unfinished basement ready for hobbies, a workshop or serious storage, and a large detached shed with room for all your gear and projects. Elizabeth Park, Broadway Park and the Whatcom Creek Trail sit within a half mile, with downtown restaurants, breweries and the waterfront minutes away. Enjoy the best of historic neighborhood living with room to make the property your own. The detached back unit offers potential for expansion into two additional rental units, a private guest space or room for a business, subject to applicable approvals, on Residential Multi (Mixed/Multiple) zoned land. Quality you can feel, a location you can't replace, and upside you won't find twice. Welcome home.
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Additional Information
- Community
- Lettered Streets
- Net Operating Income
- $62,955
- Gross Adjusted Income
- $99,679
- Gross Scheduled Income
- $104,925
- Total Monthly Income
- $8,744
- Insurance Expenses
- $2,800
- Water/Sewer/Garbage Expenses
- $5,600
- Gross Rent Multiplier
- 13.33
- Total Expenses
- $36,723
- Cap Rate
- 4.5
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 1515
- Potential Terms
- Cash, Conventional
- Year Built
- 1904
- View
- Bay, City, Mountains, Ocean, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Sprinkler System
- Electric Expenses
- 4200
- Other Expenses
- 12424
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $8,744
- Gross Scheduled Income
- $104,925
- Vacancy Rate
- 5
- Gross Adjusted Income
- $99,679
- Tax Year
- 2026
- Insurance Expense
- $2,800
- W/S/G Expenses
- $5,600
- Total Expenses
- $36,723
- Net Operating Income
- $62,955
- Gross Rent Multiplier
- 13.33
- Cap Rate
- 4.5
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.