Address
1115 N Forest Street, Bellingham, WA
Price
$ 787,500
Property Attributes
- ID#2039856
- TypeMulti-Family
- CountyWHATCOM
- CityBellingham
- AreaBellingham
- NeighborhoodDowntown
- Zip98225
- Style4-Plex
- Year Built1904
- Taxes$ 5247
- Price$ 787,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1994
- Lot Size4,356 SqFt
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
This is a rare find of a 4 plex that is almost 120 years old with good "bones" and character. One unit (#5) has a partial bay view and the others all have tall ceilings and long term tenants. These are all one bed/one bath units and there is off alley parking which is dedicated to the tenants. There is even a small lawn between the building and the parking area. There is asbestos siding which appears to be in good condition. The Seller has had this property for 35 years and it has always had tenants due to its awesome location and proximity to Downtown and WWU, he has not lived in the area for a number of years, however, if the building and units were improved the rental rates could be much higher. All four leases are 1 year.
| Elementary School | Middle School | High School |
|---|---|---|
| Buyer To Verify Elementary School | Buyer To Verify Middle School | Buyer To Verify High School |
| Price History | |
|---|---|
| 2/28/2023 | Listed $875,000 |
| 7/29/2023 | 10% - $787,500 |
General Features
| Building Area Units | Square Feet |
|---|---|
| Building Name | New Whatcom |
| Carport Y/N | No |
| City | Bellingham |
| County | Whatcom |
| Directions | Between E Maple and E Chestnut on the South side of N Forest. Parking on the street or perhaps the alley. |
| Electric Expense | 182 |
| Elementary School | Buyer To Verify |
| Exterior Features | See Remarks |
| Fuel Expense | 1584 |
| High School | Buyer To Verify |
| High School District | Bellingham |
| Insurance Expense | 1272 |
| Interior Features | Fir/Softwood, Wall to Wall Carpet |
| Leasable Area | 1994 |
| Listing Terms | Cash Out, Conventional |
| Lot Size Square Feet | 4356 |
| MLS Area | 860 - Bellingham |
| Middle/Junior High School | Buyer To Verify |
| Net Operating Income | 26688 |
| New Construction | No |
| Open Parking Spaces | 3 |
| Possession | Tenant's Rights |
| Possible Use | Multi-Family |
| Property Condition | Average |
| Property Style | 54 - 4-Plex |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Public Remarks | This is a rare find of a 4 plex that is almost 120 years old with good bones and character. One unit (#5) has a partial bay view and the others all have tall ceilings and long term tenants. These a |
| Roof | Composition |
| Senior Community Y/N | No |
| Sewer | Sewer Connected |
| Special Listing Conditions | None |
| Standard Status | Active |
| Status | Active |
| Street Name | Forest |
| Structure Type | Quadruplex |
| Subdivision Name | Downtown |
| Tax Annual Amount | 5247 |
| Tax Year | 2022 |
| Total Units | 4 |
| Units Below Grade | false |
| Units In Building Total | 4 |
| View | Bay, Partial, See Remarks |
| View Y/N | Yes |
| Water Company | City Of Bellingham |
| Water Sewer Garbage | 3427 |
| Waterfront Y/N | No |
| Year Built | 1904 |
| Zoning Class | Multi-Family |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Fireplace Y/N | No |
| Flooring | Softwood, Vinyl Plank, Carpet |
| Heating Y/N | Yes |
| Living Area Units | Square Feet |
| Power Production Type | Natural Gas |
| Street Suffix | Street |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 1994 |
|---|---|
| Foundation Details | Poured Concrete |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 27' x 125' |
| Lot Features | Paved, Sidewalk |
| Lot Number | 12 |
| Lot Size Acres | 0.1 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | Yes |
| Parking Uncovered Spaces | 3 |
| Site Features | High Speed Internet |
| Total Parking | 3 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98225
Price
Taxes
Visits
Year Built
Walkscore
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