Property Photo: 2603 Elm Street WA 98225

Listing Courtesy of:

Northwest MLS / Compass / NK Compass / Setup Admin

2603 Elm Street Bellingham, WA 98225

Active (15 Days)

$1,875,000

6,774

SQFT

See Similar Listings

Favorite
Hide
Share
- Share
- Link
- 6774sqft,bd,%sbth,MLS#2315547

See Similar Listings

Description

This well-maintained 9-unit property in Bellingham's sought-after Columbia neighborhood offers strong upside potential. With fully renovated units achieving near-market rents. attractive assumable debt, and 100% historical occupancy, it's a solid investment. The property is ideally located near downtown, public transit, and amenities. Future rezoning could allow for additional units, while slowing new deliveries in Bellingham set the stage for rent growth - projected to rise 21% over the next four years.

MLS #:
2315547

Taxes
$6,221(2024)

Lot Size
4,356 SQFT

Type
Multifamily

Year Built
1925

Style
5-9 Units

School District
Bellingham

County
Whatcom County

Community
Columbia

Listed By

Coleton Pantley, Compass
Setup Admin, NK Compass

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 26 2024 at 12:56 PM PST

Bathroom Details

Interior Features

Wall to Wall Carpet
Hardwood

Subdivision

Columbia

Lot Information

Sidewalk
Paved
Corner Lot

Property Features

Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Radiator

Flooring

Carpet
Vinyl
Hardwood

Exterior Features

Brick
Roof: See Remarks

Utility Information

Sewer: Sewer Connected
Fuel: Natural Gas
Energy: Green Generation:, Green Efficiency:, Green Verification:

School Information

Elementary School: Columbia Elem
Middle School: Whatcom Mid
High School: Bellingham High

Additional Listing Info

Buyer Brokerage Compensation: 2

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

Map View | Street View

Listing to Address

Address to Listing

Calculate drive times to this property

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 12/26/24 04:56. 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.