Property Details

1007 22nd Street
Bellingham, WA 98225
$650,000
MLS# 2501527 courtesy of NWMLS Listing firm: COMPASS

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1007 22nd Street , Bellingham, WA 98225, Bellingham

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1007 22nd Street , Bellingham, WA 98225, Bellingham

1 / 31
Multi-Family
Property Type
1,456
Bldg Sq Ft
2
Units
5.00%
Cap Rate
1897
Year Built

Property Overview

Beautifully remodeled this duplex is a rare gem located between Campus and Fairhaven—an unbeatable spot just a short walk from Western Washington University's lively community. Whether you're looking for an investment opportunity or a dual-living solution, this property offers flexibility, style, and convenience all in one. Recent updates ensure peace of mind and a fresh aesthetic, with a brand-new roof, gutters, and a crisp exterior paint job. The upper unit features an updated kitchen, three bright bedrooms, and a full bath. Step outside onto the expansive deck—perfect for summer BBQs or simply enjoying the fresh air. The lower unit, with its own private entrance, has been completely updated, boasting a modern one-bedroom suite with a refreshed kitchen and ¾ bath. Every detail has been thoughtfully designed to provide comfort and style, making it ideal for extended living, guests, or rental income. Both units come fully equipped with all appliances, and a shared washer and dryer add an extra layer of convenience for tenants. Nestled in a highly sought-after location, this duplex offers a perfect blend of modern comfort and proximity to everything that makes the area so desirable. Don’t miss the chance to own this move-in-ready property that’s as versatile as it is inviting!

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Whatcom
Neighborhood Happy Valley
Listed Apr 2, 2026

Financial Summary

Cap Rate 5.00%
Net Operating Income $34,923
Gross Scheduled Income $44,100
Gross Rent Multiplier 15.00
Total Expenses $9,177

Building & Use

Building Sq Ft 1,456
Leasable Area 1,456 sqft
Total Units 2
Zoning Multi-Family,Residential
Possible Use Multi-Family, Residential
Lot Size 4,792 sqft
Year Built 1897

Exterior & Lot

Lot Size 0.11 sqft
Year Built 1897
Exterior Materials Wood
Sewer Sewer Connected
Water Source Public
Lot Features Alley, Curbs, Paved
Exterior Features Wood

Location

City Bellingham
County Whatcom
Coordinates 48.72348, -122.48814

Additional Information

Tax Year 2025
Annual Taxes $5,300
Possession Array
Listed By
Michelle R Harrington
COMPASS

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