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Rachael Wilson & Associates

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

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Listing 21 out of 183
$650,000 For Sale

1104 23rd
Bellingham, WA 98225

2 units | Multi Family Home
6098 sq ft - MLS# 1421969 Courtesy of Muljat Group
Property Photo


This South Side townhouse style duplex has been updated with trendy, high end finishes. Duplex offers 2 bedrooms, is conveniently located blocks to WWU and is walking distance to Fairhaven! Vacancy rate is 1% or less! The only vacancy the current owners have is the time it takes to turn the units between tenants. Tenants pay ALL utilities (Water, sewer, garbage & electric). Both units are leased through fall of 2019, so this is a great opportunity to just sit back and enjoy the income!


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1975
  • School District: Bellingham
  • Elementary School: Happy Vly Elem
  • Middle School: Kulshan Mid
  • High School: Sehome High
  • Sq.Ft.: 1,848 sq ft
  • Stories: Duplex
  • Units: 2 units
  • # of Parking Spaces: 4
  • Lot Size: 6098 sq ft
  • Area: Happy Valley
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Remodeled
  • Cap Rate - NOI div LP: 4.70
  • Energy Source(heat): Electric
  • Exterior: Metal/Vinyl
  • Floor Covering: Laminate Hardwood, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $35046
  • Gross Rent Multiplier: $18
  • Gross Scheduled Income: $35400
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $899
  • Lot Details: Paved Street
  • Net Operating Income: $30741
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Other Expenses: $720
  • Power Company: Pse
  • Rent Unit 1: $1400
  • Rent Unit 2: $1550
  • Roof: Composition
  • Sewer Company: City Of Bellingham
  • Site Features: Cable TV, Deck
  • Square Feet Unit 1: 924
  • Square Feet Unit 2: 924
  • Total Expenses: $4305, $4305
  • Total Monthly Income: $2950
  • Vacancy Rate: 1
  • Water Company: City Of Bellingham
  • Water Source: Public
Courtesy of Muljat Group
©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 2019-03-26

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Rachael Wilson & Associates

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

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