Property Details
3261 Hollywood Avenue
Bellingham, WA 98225
$615,000
Active
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Property Overview
New roof, new appliances, new paint inside and out, new flooring, new vapor barrier, new insulation, starting to see the theme? This duplex appeals to all comers: first time buyers looking to start their rental pool, folks shopping multigenerational or a pure investor looking for a truly turn key rental. The upgrade list is extensive and boasts trusted local vendors. Joosten's put on a new roof with IKO Dynasty's shingles that are rated up to 130mph wind speed and all flashing and vents were upgraded as well. The crawl has been completely redone with new insulation, vapor barrier and pump installed by Ash Insulation. The interior has brand new DeWaard and Bode appliances paint and flooring by Great Floors. Exterior has two brand new coats of Behr paint.Conveniently located across the street from Alderwood Elementary and near Squalicum Pier, Redwood Park and Locust beach to name just a few. This property offers the best of both worlds; on city utilities and a quick drive to Bellingham or Ferndale. If you're planning to rent it it's county jurisdiction and subject to less rental red tape.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Birchwood
Listed
Aug 13, 2026
Structure Type
Duplex
Parcel Number
3802140410500000
Tax & HOA
Annual Property Tax
$4,955 (2025)
Est. Monthly Tax
$413/mo
Financial Summary
Cap Rate
5.00%
Net Operating Income
$30,609
Gross Scheduled Income
$50,400
Gross Rent Multiplier
12.20
Total Expenses
$16,791
Building & Use
Building Sq Ft
1,440
Leasable Area
1,440 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
8,276 sqft
Year Built
1971
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1971
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Sidewalk, Value In Land
Exterior Features
Cement Planked
Community & Access
Directions
GPS is accurate.
Location
City
Bellingham
County
Whatcom
Coordinates
48.77654, -122.52801
Additional Information
Tax Year
2025
Annual Taxes
$4,955
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 12:00 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.
