For Sale
$1,195,000

1610 Lincoln St Bellingham, WA 98229

High-yield multifamily, prime Bellingham location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This centrally located Bellingham, WA, 4-plex presents a compelling investment opportunity with a strong 5.70% cap rate and a substantial net operating income (NOI) of $68,407. Built in 1985, this two-story building encompasses 3,096 square feet and sits on a 6,534 square foot lot at 1610 Lincoln St, Bellingham, WA 98229. The property comprises three 2-bedroom units and one 3-bedroom unit, the latter boasting a primary suite with a walk-in closet and ensuite bathroom. Conveniently located near Interstate 5, this property enjoys proximity to shopping, parks, public transportation, and Western Washington University. Outdoor enthusiasts will appreciate its easy access to Lake Whatcom, Lake Padden, and the Galbraith Mountain trail system. Ample off-street parking is available, including a carport and alley access with additional parking spaces. This exceptional location in a thriving community makes this 4-plex an attractive investment for both seasoned investors and those seeking a stable, high-return property. The asking price is $1,195,000.

Property Details for 1610 Lincoln St

Property type
Apartment buildings
Square Feet
3,096 SF
Year Built
1985
Buildings
1
Stories
2

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.751055
Longitude
-122.4620216

FAQs

What type of property is this?
Apartment building - High-yield multifamily, prime Bellingham location.
Where is the apartment building located?
The property is located at 1610 Lincoln St Bellingham, WA.
What is the asking price?
The asking price for this property is $1,195,000.
How can I contact the broker?
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1610 Lincoln St
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