Well-positioned 8-unit apartment building in Bellingham’s high-demand student housing market. Located just one mile from the heart of Western Washington University, on a quiet dead-end street adjacent to Lowell Park, students can utilize nearby trails as a shortcut to campus, enhancing the property’s appeal. On-site covered parking also adds convenience for tenants. There is upside potential to increase rental income, positioning the property for a near 6% capitalization rate upon stabilization. This “diamond in the rough” presents a compelling opportunity for investors seeking to capitalize on Bellingham’s thriving student housing market.
Active
Listed by:
Troy C. Muljat,
Muljat Group
$1,850,000
800 20th Street, Bellingham, WA 98225
13beds
8baths
6,240sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$296/sqft
$-- HOA
What's special
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