$4,995,000

0 Beds 0 Baths 11,094 SQFT 0.16 Acres

Type: Multi-Family

1309 Billy Frank Jr Street
Bellingham, WA 98225

MLS#: 2459615

Presented by: Hammer Properties NW Inc. and NWMLS

Property Description

Prime investor opportunity in Downtown Bellingham’s Urban Village. This 3-year-old, 13-unit building offers modern construction, low operating costs, and strong tenant demand in a highly walkable core location. Units feature contemporary finishes and efficient systems designed for long-term durability. Units have full appliance suite: range, fridge, dishwasher, washer+dryer. Ten parking spaces can be rented separately. There is a bike storage room and a bus stop out front. Five years remain on the Multi-Family Tax Exemption (MFTE), providing valuable tax savings and enhancing projected returns. With stable occupancy and minimal maintenance needs, this turnkey asset is ideal for investors seeking steady performance and future appreciation.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl Plank

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories4

General

AmenitiesFire Sprinklers, See Remarks, Thermal Windows

Building Area Units0 sqft

Building NameNew Whatcom

Cap Rate5

Carport Spaces2

Carport Y/NNo

CityBellingham

CoolingNone

CountyWhatcom

DirectionsI-5 to Lakeway, west on Lakeway to E Holly. Right on Billy Frank Jr. Building is on your left.

Electric Expense5396

Elementary SchoolLowell Elem

Energy EfficientThermal Windows

Fuel Expense0

HOANo

HOA Fee$0

HeatingWall Unit(s)

High SchoolSehome High

High School DistrictBellingham

Insurance Expense3485

Leasable Area11,094 sqft

Listing TermsConventional

Living Area0 sqft

Lot Size Square Feet6,970 sqft

Lot Size UnitsSquare Feet

MLS Area860 - Bellingham

Middle/Junior High SchoolFairhaven Mid

NWM_ShowMapLinkY

Net Operating Income248985

New ConstructionNo

Number Of Units Total13

Open Parking Spaces8

PossessionClosing, Subject to Tenant Rights

Possible UseMulti-Family

Property ConditionVery Good

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksPrime investor opportunity in Downtown Bellinghams Urban Village. This 3-year-old, 13-unit building offers modern construction, low operating costs, and strong tenant demand in a highly walkable core lo

RoofFlat

Security FeaturesSecurity Gate

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameDowntown

Tax Annual Amount$3,967

Tax Year2025

Units Below Gradetrue

Units In Building Total13

ViewBay, City, Mountain(s), Territorial

Water CompanyCity of Bellingham

Water Sewer Garbage16988

Year Built2022

Zoning DescriptionMulti-Family

Exterior

Building Area Total11,094 sqft

Covered Spaces2

Exterior AmenitiesBrick, Cement/Concrete, Metal/Vinyl

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot Dimensions55x125

Lot FeaturesAlley, Secluded, Sidewalk

Lot Number11

Lot Size Acres0.16

Parking Uncovered Spaces8

Parking Uncovered Total8

Site FeaturesCable TV, Gated Entry, High Speed Internet, Sprinkler System

Total Parking10

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Fairhaven Mid

Elementary School Lowell Elem

High School Sehome High

Similar Properties

$4,995,000

0 Beds 0 Baths 11,094 SQFT 0.16 Acres

Type: Multi-Family

1309 Billy Frank Jr Street
Bellingham, WA 98225

MLS#: 2459615

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Property

$4,995,000

1309 Billy Frank Jr StreetBellingham, WA 98225

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$4,995,000

1309 Billy Frank Jr StreetBellingham, WA 98225

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1309 Billy Frank Jr Street
Bellingham, WA 98225

1309 Billy Frank Jr Street
Bellingham, WA 98225