Provided by NWMLS, Listed by COMPASS

Active

2603 Elm Street

Bellingham WA, 98225

$1,875,000


$276.79 per sqft

Active

6,774 sqft

Multi-family

Built in 1925

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.

2315547

MLS ID

December 11, 2024

Listed

December 11, 2024

Updated

Map

2603 Elm Street
Bellingham WA, 98225

Interior Features

Total Stories

2


Interior Features

Hardwood, Wall to Wall Carpet


Floor Description

Hardwood, Vinyl, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiator

Exterior/Building Features

Lot Size

0.1 Acres


Exterior Features

Brick


Lot Features

Corner Lot, Paved, Sidewalk


Roof

See Remarks


Sewer

Sewer Connected

School Information

School District

Bellingham


High School

Bellingham High


Elementary School

Columbia Elem

Other Property Details

Area Name

860 - Bellingham


Taxes

$6,221


Tax Frequency

Annually


Garage

No


Parking Total

2


View

No


County

Whatcom


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/21/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/21/2024 at 3:00 PM UTC . 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.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 12/21/2024 at 3:00 PM UTC 

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