Property Details

3902 Idaho Street
Bellingham, WA 98229
$595,000
MLS# 2559523 courtesy of NWMLS Listing firm: Rainshine Realty

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3902 Idaho Street , Bellingham, WA 98229-5030, Bellingham

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3902 Idaho Street , Bellingham, WA 98229-5030, Bellingham

1 / 32
Multi-Family
Property Type
2,822
Bldg Sq Ft
2
Units
6.90%
Cap Rate
1969
Year Built

Property Overview

Lovely location for home or investment. Two rehabbed manufactured homes in idyllic spot. Big half acre lot on cul-de-sac near Whatcom Falls and Bloedel Parks, Kulshan M. School, Geneva E. School. Extensive improvements; new water lines, new floors, new applcs, new roof, new furnaces, etc. A good spot to live, easily managed as a rental. Approval to divide into two lots. (With infill toolkit it's possible 4-5 Lots on this site.) 3902 is 3 bdrm 2 bath home 1200 sq. ft. plus large Sun porch facing meadow and forest. Heated with electric furnace & a propane gas fireplace. Also a shop. Unit @3900 is two bedroom one bath. It has a storage building in backyard. Separate electric meters. Just one Water Service for both units now paid by owner. Recent rents are $2,200 and $1,800 total of $4,000 per month gross rent. One unit is vacant. Unit at 3902 is now leased thru Aug. of 2027. There are supplements available that show the property survey and possible designs for a four lot short plat.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Whatcom
Neighborhood Whatcom Falls
Listed Jul 23, 2026
Structure Type Duplex
Parcel Number 3803270102210001

Tax & HOA

Annual Property Tax $4,280 (2025)
Est. Monthly Tax $357/mo

Financial Summary

Cap Rate 6.90%
Net Operating Income $41,288
Gross Scheduled Income $48,000
Gross Rent Multiplier 12.40
Total Expenses $6,712

Building & Use

Building Sq Ft 2,822
Leasable Area 1,984 sqft
Total Units 2
Zoning Residential
Possible Use Residential
Lot Size 22,865 sqft
Year Built 1969

Exterior & Lot

Lot Size 0.52 sqft
Year Built 1969
Exterior Materials Metal/Vinyl, Stone
Sewer Sewer Connected
Water Source Public
Lot Features Dead End Street, Paved
Exterior Features Metal/Vinyl, Stone

Community & Access

Directions Follow Electric Avenue from split with Lakeway towards Bloedel Park, turn right or north on Idaho street, approximately three blocks to end of Street on the right.

Location

City Bellingham
County Whatcom
Coordinates 48.75227, -122.42039

Additional Information

Tax Year 2025
Annual Taxes $4,280
Possession Array
Listed By
Glen Whitfield
Rainshine Realty

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