Property Details

5331 Evergreen Drive
Bellingham, WA 98226
$750,000
MLS# 2519154 courtesy of NWMLS Listing firm: eXp Realty

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5331 Evergreen Drive , Bellingham, WA 98226, Bellingham

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5331 Evergreen Drive , Bellingham, WA 98226, Bellingham

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Multi-Family
Property Type
2,524
Bldg Sq Ft
2
Units
5.88%
Cap Rate
1977
Year Built

Property Overview

Welcome to this rare, park-like property on nearly one acre at the end of a quiet North Bellingham cul-de-sac. The home includes an attached 2-bedroom unit-ideal for multigenerational living, or rental income. The grounds are a true retreat: mature trees, garden space, fruit trees, and room to roam. There's space to park an RV with power onsite, a large 3 car detached garage/shop provides for abundant storage and workspace. Close to bus lines and grocery shopping. This is a rare opportunity-must see to appreciate. Shown By Appointment

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Whatcom
Neighborhood Bellingham
Listed May 13, 2026

Financial Summary

Cap Rate 5.88%
Net Operating Income $44,114
Gross Scheduled Income $53,400
Gross Rent Multiplier 14.00
Total Expenses $9,286

Building & Use

Building Sq Ft 2,524
Leasable Area 2,524 sqft
Total Units 2
Zoning Residential
Possible Use Residential
Lot Size 30,492 sqft
Year Built 1977

Exterior & Lot

Lot Size 0.70 sqft
Year Built 1977
Garage 3 spaces
Exterior Materials Brick, Wood
Parking RV Parking
Sewer Septic Tank
Water Source Community
Lot Features Cul-De-Sac, Dead End Street
Exterior Features Brick, Wood

Location

City Bellingham
County Whatcom
Coordinates 48.83446, -122.53967

Additional Information

Tax Year 2026
Annual Taxes $6,026
Possession Array
Listed By
Art Sheyko
eXp Realty

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