Property Details
1100 23rd
Bellingham, WA 98225
$1,150,000
Active
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Property Overview
Exceptional investment opportunity in Bellingham's highly sought after Happy Valley neighborhood. Ideally located just blocks from Western Washington University and the Sehome Hill Arboretum, this duplex offers convenient access to Fairhaven, downtown Bellingham, miles of trails, parks, restaurants, shopping, and schools. Each fully renovated two bedroom, townhouse style unit features covered decks, luxury vinyl plank flooring, stainless steel appliances, quartz countertops, in-unit washer and dryer, and cozy fireplaces. The property has an excellent rental history with consistently low vacancy, is fully leased, and has been meticulously owner managed. A true turnkey investment!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Bellingham
Listed
Jul 14, 2026
Structure Type
Duplex
Parcel Number
3702015281700000
Tax & HOA
Annual Property Tax
$6,229 (2026)
Est. Monthly Tax
$519/mo
Financial Summary
Cap Rate
4.20%
Net Operating Income
$48,567
Gross Scheduled Income
$58,800
Gross Rent Multiplier
19.56
Total Expenses
$9,645
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
1,848
Leasable Area
1,848 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,098 sqft
Year Built
1975
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1975
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Metal/Vinyl
Community & Access
Directions
Please use GPS.
Location
City
Bellingham
County
Whatcom
Coordinates
48.72208, -122.48771
Additional Information
Tax Year
2026
Annual Taxes
$6,229
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 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.
