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Rachael Wilson & Associates

Rachael Wilson & Associates
RE/MAX Whatcom County, Inc.
Bellingham, WA 98229

360-319-2234
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Listing 8 out of 9
Sold for $725,000 Sold

528 N State St
Bellingham, WA 98226

5 units | Multi Family Home
10624 sq ft lot - MLS# 1426884 Courtesy of Lakeway Realty, Inc.
Property Photo

Sold

Sold for $725,000 on May 23, 2019

Description

Stunning bay and city view 5-plex! Own a piece of Bellingham history... one of the most recognizable properties on South Hill. Just 2 blocks to WWU and 1 block to the waterfront trail. 5 incredible units well maintained each with their own unique quality. Vaulted ceilings and widows walk to enjoy morning cups of coffee & amazing Bellingham sunsets. Unit C has a large sun room w/bay views. Unit A has oversized bedrooms & high ceilings. Alley with off street parking.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $749,000
  • County/Area: Whatcom County
  • Zip Code: 98226
  • Year Built: 1895
  • School District: Bellingham
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • Sq.Ft.: 4,160 sq ft
  • Units: 5 units
  • # of Parking Spaces: 6
  • Lot Size: 10624 sq ft lot
  • View: Bay, City, Mountain, Ocean
  • Area: South Hill
  • Amenities: Coin Op Laundry
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 2
  • Building Condition: Good
  • Cap Rate - NOI div LP: 6.44
  • Energy Source(heat): Electric, Natural Gas
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $66738
  • Gross Rent Multiplier: $11
  • Gross Scheduled Income: $68100
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $3512
  • Lot Details: Alley
  • Net Operating Income: $48326
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 6
  • Other Expenses: $3700
  • Power Company: Pse
  • Rent Unit 1: $1000
  • Rent Unit 2: $600
  • Rent Unit 3: $650
  • Rent Unit 4: $550
  • Rent Unit 5: $900
  • Roof: Composition
  • Selling Agent: Stacy Graves
  • Selling Office: Bellwether Real Estate
  • Sewer Company: Cob
  • Site Features: Cable TV, Deck
  • Square Feet Unit 1: 1076
  • Square Feet Unit 2: 515
  • Square Feet Unit 3: 771
  • Square Feet Unit 4: 406
  • Square Feet Unit 5: 1230
  • Total Expenses: $18412, $18412
  • Total Monthly Income: $5675
  • Vacancy Rate: 2
  • Water Company: Cob
  • Water Source: Community
  • Water/Sewer/Garbage: 4770
  • Sold Date: 2019-05-23 00:00:00
  • Sold Price: 725000.00
Courtesy of Lakeway Realty, Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-19

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Rachael Wilson & Associates

Rachael Wilson & Associates 
RE/MAX Whatcom County, Inc. 
913 Lakeway Drive
Bellingham, WA 98229
360-319-2234

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