403-/405 N State St $1,650,000

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    403-/405 N State St Bellingham, WA 98225

    • 0.39 Acres
    • Commercial/Industrial
    Listing# 1493781 | Active
    Days On Market: 141 2 Views
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    Property Details

    South Hill duplex with 360 degree unobstructed bay views from both units! Both are 2bd/1ba w/all appliances included and cozy wood fireplaces. Equally Large sweeping decks overlooking Bellingham Bay make for exceptional dining or entertaining. Property has been proposed for Developing a 7-8 Unit Condo/Apartment Building due to its value in land. Development plans maintain Bay Views for each unit with potential for penthouse apartment at top level and covered parking below grade.

    • General Features
      • County Whatcom
      • Approx Building SqFt 2,036
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Multi-Family, Residential
      • Lot Dimensions 135 x 125 x 135 x 125
      • Selling Office Commission 2.25%
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 1
      • Total Uncovered Parking 4
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Wood
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Hardwood, Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Baseboard
    • Property Features
      • Depth of Lot 125
      • Site Frontage 135
      • Expansion Area N
      • Water-Sewer-Garbage 750
      • Sewer Sewer Connected
      • Sewer Company COB
      • Energy Source Electric, Natural Gas, Wood
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 16,869
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $2,900
      • Gross Rent Multiplier 47
      • Cap Rate -NOI div LP 1.6
      • Gross Scheduled Income $34,800
      • Gross Adjusted Income $34,800
      • Total Expenses $7,473
      • NOI $27,327
      • Electrical Expenses $0
      • Tax Expense $5,573
      • Heating Expense $0
      • Insurance Expense $900
      • Other Expenses $250
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98225 (Bellingham) Demographics

    29Median Age
    3,901Population Density (per sq. mile)
    52%College Educated
    $40,370 Estimated Median Income
    7,991Estimated Total Home Owners
    11,632Estimated Total Renters
    41% / 59%Estimated Owner / Renter Divide
    0Estimated Average Household Size
    49,240Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $425,000 Median Sales Price
    42 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,650,000
        7/20/2019 10:41:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.