Property Details

1100 E Illinois Street
Bellingham, WA 98226
$1,049,500
MLS# 2470227 courtesy of NWMLS Listing firm: COMPASS

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1100 E Illinois Street , Bellingham, WA 98226, Bellingham

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1100 E Illinois Street , Bellingham, WA 98226, Bellingham

1 / 40
Multi-Family
Property Type
3,058
Bldg Sq Ft
2
Units
5.50%
Cap Rate
2006
Year Built

Property Overview

Ideal tenant-occupied investment duplex in one of Bellingham’s prime neighborhoods. This well maintained, spacious duplex is being sold with strong income in place and flexible timing. This thoughtfully designed 2006-built duplex features two mirrored 3-bedroom, 2.5-bath units, each with open-concept main-level living, gas fireplace, spacious kitchen with dining area, and attached 2-car garage. All three bedrooms are upstairs with walk-in closets. Two bedrooms share a full bathroom and the primary suite hosts an ensuite bath and private balcony. Enjoy recent refreshing on both sides, including: new roof in 2024, new gutters, bathrooms have new tile, all carpet removed and LVP laid throughout. New handles and hinges elevate the space + refreshed paint. Each unit benefits from their own fenced yard and private 2 car garage. New fence and gate system installed 2023/2024. Both units are currently rented, providing immediate income. Each unit pays +$100/mo w/ rent that goes to water utility. Excellent proximity to shopping, transit, trails, parks, and schools supports consistent demand. A solid, low-maintenance asset well-suited for investors seeking stability with optional repositioning.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Whatcom
Neighborhood Roosevelt
Listed Jan 21, 2026
Original Price $1,095,000

Financial Summary

Cap Rate 5.50%
Net Operating Income $57,766
Gross Scheduled Income $75,000
Gross Rent Multiplier 13.99
Total Expenses $17,235
Vacancy Rate 1.0%

Building & Use

Building Sq Ft 3,058
Leasable Area 3,058 sqft
Total Units 2
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 6,098 sqft
Year Built 2006

Exterior & Lot

Lot Size 0.14 sqft
Year Built 2006
Garage 4 spaces
Exterior Materials Metal/Vinyl
Sewer Sewer Connected
Water Source Public
Lot Features Paved, Sidewalk
Exterior Features Metal/Vinyl

Location

City Bellingham
County Whatcom
Coordinates 48.76788, -122.46027

Additional Information

Tax Year 2025
Annual Taxes $7,711
Possession Array
Listed By
Alana Mey
COMPASS

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