Property Details
2701 Texas (2701-2709) Street
Bellingham, WA 98229
$1,200,000
Active
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Property Overview
Investor opportunity! If you're looking for a place to put your 1031 exchange money look no further! This fourplex featuring four 2-bedroom, 1-bath units with strong upside potential. 2705 & 2709 have been updated, while 2701 & 2703 offer an opportunity for improvements and added value. Current rents are below market, providing excellent potential for future rental increases and improved cash flow. Tenants are month to month. All units include a washer and dryer, 2701-2703 (stack units), 2705-2709 (full size) Each building has a submeter installed to track each tenants water use so you can charge the tenant for their share of the water and sewer bill.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Alabama Hill
Listed
Jun 17, 2026
Structure Type
Quadruplex
Parcel Number
3803211080480000
Tax & HOA
Annual Property Tax
$7,232 (2026)
Est. Monthly Tax
$603/mo
Financial Summary
Cap Rate
4.00%
Net Operating Income
$50,399
Gross Scheduled Income
$59,845
Gross Rent Multiplier
23.81
Total Expenses
$9,446
Building & Use
Building Sq Ft
1,971
Leasable Area
3,502 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
14,810 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.34 sqft
Year Built
1976
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Community & Access
Directions
East on Alabama St (towards lake) take a right on Saint Clair St. then right on Texas St. Subject property is on your right (first & second driveway)
Location
City
Bellingham
County
Whatcom
Coordinates
48.76197, -122.43810
Additional Information
Tax Year
2026
Annual Taxes
$7,232
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
