Property Details
1000 Jersey Street #A & B
Bellingham, WA 98225
$1,050,000
Active
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Property Overview
Main floor leased through June '26. Upstairs leased through October 26'. With DADU permitting studio could rent for $1,500+ a month, for $6,040 total. Looking up from the sidewalks of Jersey Street, you'll discover this charming restored Victorian duplex in the desirable Sehome neighborhood. Potential to convert back to a single-family home. Grandfathered as a legal duplex, it sits on a bright, sunny corner lot with territorial views and vistas of Bellingham Bay. Just steps to Sehome Hill Arboretum trails. Upstairs: a 2-level, 2-bed/1-bath unit with private view deck, in-unit laundry, remodeled wrap-around kitchen, and excellent living spaces. Main floor: a spacious 1,128 SF 2-bed/2-bath fully remodeled in 2023 with new kitchen, bathrooms, flooring, lighting, in-unit laundry and smart space planning. A detached 533 sq ft studio awaits your finish-out. 2026 zoning changes streamline ADU approval—offering strong potential to condo-ize or boost total rent toward a pro forma 5.7% cap rate. Proven cash flow in a prime location near WWU and downtown. New roof and skylights, new siding, interior remodels (kitchens plus 2 of 3 baths), 6-zone mini-split system, solar, fencing and amazing landscaping complete this gem. Don't miss it!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Sehome
Listed
Apr 24, 2026
Financial Summary
Cap Rate
4.00%
Net Operating Income
$42,456
Gross Scheduled Income
$54,480
Gross Rent Multiplier
19.98
Total Expenses
$12,024
Building & Use
Building Sq Ft
2,622
Leasable Area
2,622 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
4,356 sqft
Year Built
1910
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1910
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Sidewalk
Exterior Features
Cement Planked
Location
City
Bellingham
County
Whatcom
Coordinates
48.74191, -122.47599
Additional Information
Tax Year
2025
Annual Taxes
$6,098
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 6:30 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
