Property Details
2424 Orleans Street
Bellingham, WA 98229
$759,900
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Property Overview
"Investment opportunity! This DUPLEX is located in the heart of Bellingham; only a few blocks from Trader Joe's and a short 5 minute drive to downtown. Each unit boasts an open layout with 2 bedrooms & 2 bathrooms. Each has all appliances including washer/dryer, 4 off street parking spaces and detached storage sheds. Upstairs unit recently (December 2025) underwent full renovation including new vinyl plank flooring, interior paint, electrical switches/receptacles, smoke alarms/CO detectors, interior light fixtures, toilets, range hood, refrigerator, resealed showers, interior/exterior door handles. Downstairs unit has laminate flooring and all new appliances. Exterior was fully renovated in the last 5 years to include a 50 yr metal roof, James Hardie board siding with paint, all exterior windows replaced, fence and deck built! Units are occupied and rented."About a $100,000 or more in updates!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Roosevelt
Listed
Feb 18, 2026
Original Price
$830,000
Structure Type
Duplex
Parcel Number
3803201680680000
Tax & HOA
Annual Property Tax
$5,169 (2025)
Est. Monthly Tax
$431/mo
Financial Summary
Cap Rate
4.92%
Net Operating Income
$40,911
Gross Scheduled Income
$49,200
Gross Rent Multiplier
16.86
Total Expenses
$8,289
Building & Use
Building Sq Ft
1,824
Leasable Area
1,824 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,792 sqft
Year Built
1994
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1994
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Cement/Concrete, Wood
Community & Access
Directions
East on Alabama, right on Orleans, duplex on left
Location
City
Bellingham
County
Whatcom
Coordinates
48.76253, -122.45724
Additional Information
Tax Year
2025
Annual Taxes
$5,169
Possession
Array
