Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to doimagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next.
| MLS # | 2511002 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 134 |
| Listing Provided By | Windermere RE Whatcom, Inc. | Lorrie M. Dujmovich |
| SQ Feet | 12,255 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 6 |
| Zoning | Industrial,Multi-Family |
| Acreage | 9.60 |
| Property View | Yes |
| Property | 13968 |
|---|
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 860 Bellingham |
| Community Name | Cordata |
| School District | Meridian High |
| Elementary School | Irene Reither Primar |
| High School | Meridian High |
| Listing VS Median (in Cordata) | |
Price: $1,999,999 low | high Med: $499,500 sqft: 12,255 low | high Med: 1,396 $ / sqft: $163 low | high Med: $358 On site: 134 low | high Med: 104 | |
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 860 Bellingham |
| Community Name | Cordata |
| School District | Meridian High |
| Elementary School | Irene Reither Primar |
| High School | Meridian High |
| Listing VS Median (in Cordata) | |
Price: $1,999,999 low | high Med: $499,500 sqft: 12,255 low | high Med: 1,396 $ / sqft: $163 low | high Med: $358 On site: 134 low | high Med: 104 | |