Presented by: Windermere RE Whatcom, Inc. and NWMLS
Property Description
17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line, Whole Foods, Carl cozier elementary school, city park and pool complex. Central location. Unit mix:12 one- bedroom units and 5 -two bedroom units all under market rent with stable vacancy history. Excellent parking. Recent maintenance: New roof 2026new gutters 2026new washer dry units in common laundry room. The third floor units are accessed off a ground level parking lot with 9 uncovered spaces on the east side of the property.20 uncovered spaces on ground floor access and 7 covered spaces. Operating Expenses: Using a 28% total expense estimate.
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
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3
General
AmenitiesCoin Op Laundry
Building Area Units0 sqft
Cap Rate5.5
Carport Spaces7
Carport Y/NNo
CityBellingham
CoolingNone
CountyWhatcom
DirectionsLakeway east off I-5 to Nevada StreetRight (south) on Nevada.
Electric Expense3100
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High School DistrictBellingham
Insurance Expense11660
Leasable Area10,000 sqft
Listing TermsCash
Living Area0 sqft
Lot Size Square Feet29,185 sqft
Lot Size UnitsSquare Feet
MLS Area860 - Bellingham
NWM_ShowMapLinkY
Net Operating Income186000
New ConstructionNo
Number Of Units Total1
PossessionSubject To Tenant Rights
Possible UseMulti-Family
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line, Whole Foods, Carl cozier elementary school, city park and pool complex. Central location. Unit mix:12 one- bed
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NamePuget
Tax Annual Amount$25,357
Tax Year2026
Units Below Gradefalse
Units In Building Total17
Water Sewer Garbage11250
Year Built1979
Zoning DescriptionMulti-Family
Exterior
Building Area Total12,768 sqft
Covered Spaces7
Exterior AmenitiesWood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Number0
Lot Size Acres0.67
Parking Uncovered Total29
Total Parking36
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
High School
N/A
Middle School
N/A
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