Property Details
1310 Ellsworth Street
Bellingham, WA 98225
$1,650,000
Active
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Property Overview
Fully restored Victorian duplex offering immediate income and major future upside in a convenient in-town Bellingham location. Rebuilt down to the studs, this unique property blends historic character with extensive improvements, creating a rare opportunity for investors or buyers seeking both cash flow and long-term potential. As currently configured, the duplex offers projected rental income of approximately $7,300 per month, making it an attractive income-producing asset from day one. Included in the package is the adjacent vacant lot, which previously had a full set of plans for a 4-plex. Together, the restored duplex and additional lot create the potential for a 6-unit overall project, combining current income with future development opportunity. The home itself offers the charm, presence, and architectural detail that only a classic Victorian can provide, while the package as a whole presents a compelling hybrid of existing rental performance and additional build potential. Rare chance to acquire a beautifully restored duplex with flexibility for owner-occupants, investors, or multigenerational living, conveniently located near downtown amenities, shopping, dining, and everyday services.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Lettered Streets
Listed
Mar 24, 2026
Financial Summary
Cap Rate
4.50%
Net Operating Income
$74,232
Gross Scheduled Income
$87,600
Gross Rent Multiplier
18.84
Total Expenses
$12,492
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
4,046
Leasable Area
4,046 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
9,583 sqft
Year Built
1905
Exterior & Lot
Lot Size
0.22 sqft
Year Built
1905
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Wood
Location
City
Bellingham
County
Whatcom
Coordinates
48.75971, -122.48630
Additional Information
Tax Year
2026
Annual Taxes
$9,876
Possession
Array
Based on information submitted to the MLS GRID as of May 12, 2026 8:45 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.
