$625,000

4 Beds 4 Baths 2,216 SQFT 0.17 Acres
Type: Multi-Family

2816 2818 Valencia Street
Bellingham, WA 98226

MLS#: 2576954
Presented by: RE/MAX Whatcom County, Inc.; Keith Cook; 360-739-5600; Keith@BuyerMax.com

Property Description

 

INVESTOR OPPORTUNITY in a convenient Bellingham location! This well-located duplex offers two spacious, two-story 2-bedroom, 1.5-bath units, each approximately 1,108 sq ft. Each unit features a large laundry/utility room providing valuable bonus space, along with a private deck and patio and covered parking. Both units are currently occupied, generating $3,065/month or $36,780 in annual rental income. Unit 2816 is month-to-month at $1,650/month, while Unit 2818 is leased through 8/9/27 at $1,415/month. Conveniently located near trails, Barkley Village Shopping Center, Regal Cinema, restaurants, shopping, and everyday amenities. An excellent opportunity to own an income-producing duplex with potential for future rental growth and long-term appreciation. The adjacent duplex at 2828/2830 Valencia St is also available, offering an opportunity to purchase two neighboring duplex properties.


 

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
FlooringCeramic Tile, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate4.34
Carport Spaces4
Carport Y/NNo
CityBellingham
CoolingNone
CountyWhatcom
DirectionsWoburn St to E Illinois St to Valencia - Location is end of cul de sac on the left.
Electric Expense0
Elementary SchoolSunnyland Elem
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolSqualicum High
High School DistrictBellingham
Insurance Expense0
Leasable Area2,216 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet7,405 sqft
Lot Size UnitsSquare Feet
MLS Area860 - Bellingham
Middle/Junior High SchoolWhatcom Mid
NWM_ShowMapLinkY
Net Operating Income27130
New ConstructionNo
Number Of Units Total2
PossessionSubject To Tenant Rights
Possible UseMulti-Family
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksINVESTOR OPPORTUNITY in a convenient Bellingham location! This well-located duplex offers two spacious, two-story 2-bedroom, 1.5-bath units, each approximately 1, 108 sq ft. Each unit features a large la
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameRoosevelt
Tax Annual Amount$5,793
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Virtual TourClick here
Water CompanyCOB
Water Sewer Garbage3857
Year Built1992
Zoning DescriptionMulti-Family

Exterior

Building Area Total2,216 sqft
Covered Spaces4
Exterior AmenitiesMetal/Vinyl
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
Lot Size Acres0.17
Parking Uncovered Total0
Site FeaturesCable TV, Deck, High Speed Internet, Patio
Total Parking4
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Squalicum High
Elementary School Sunnyland Elem
Middle School Whatcom Mid

  

Similar Properties

$625,000

4 Beds 4 Baths 2,216 SQFT 0.17 Acres
Type: Multi-Family

2816 2818 Valencia Street
Bellingham, WA 98226

MLS#: 2576954