Presented by: Windermere RE Whatcom, Inc. and NWMLS
Property Description
Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom—all in excellent shape. A unique chance to invest now and shape what’s next.
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, Carpet
Heating Y/NYes
Power Production TypeElectric, Propane
Total Fireplaces0
Total Stories2
General
AmenitiesSee Remarks, Storage
Building Area Units0 sqft
Cap Rate7
Carport Spaces0
Carport Y/NNo
CityBellingham
CoolingNone
CountyWhatcom
DirectionsSR 539 North or South to Counter tops for Less. If traveling North, store front is on Left. If traveling South, store front is on Right
Electric Expense0
Elementary SchoolIrene Reither Primar
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
HeatingForced Air, Heat Pump
High SchoolMeridian High
High School DistrictMeridian
Insurance Expense0
Leasable Area5,510 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet418,176 sqft
Lot Size UnitsSquare Feet
MLS Area860 - Bellingham
Middle/Junior High SchoolMeridian Mid
NWM_ShowMapLinkY
Net Operating Income0
New ConstructionNo
Number Of Units Total6
PossessionClosing, Negotiable
Possible UseIndustrial, Multi-Family
Property ConditionAverage
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksMotivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($
RoofComposition, Metal
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameCordata
Tax Annual Amount$13,968
Tax Year2025
Units Below Gradefalse
Units In Building Total7
ViewTerritorial
Water CompanyDeer Creek
Water Sewer Garbage0
Year Built1973
Zoning DescriptionIndustrial, Multi-Family
Exterior
Building Area Total12,255 sqft
Covered Spaces0
Exterior AmenitiesMetal/Vinyl, Stucco, Wood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Dimensions331X1272
Lot FeaturesPaved, Value In Land
Lot Size Acres9.6
Parking FeaturesRV Parking
Parking Uncovered Total0
Site FeaturesDeck, Outbuildings, Propane, RV Parking, Shop
Total Parking0
Water SourcePrivate
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Meridian High
Middle School
Meridian Mid
Elementary School
Irene Reither Primar Elementary School
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Contact
914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221