1000 Jersey Street Unit #A & B, Bellingham, WA 98225
- $969,500
- 2,622
- SqFt
Listing courtesy of Lake & Company.
- List Price
- $969,500
- Status
- ACTIVE
- MLS#
- 2512251
- Price Change
- ▼ $80,500 1783459064
- Days on Market
- 82
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,622
- Area Total SqFt
- 2622
- Annual Tax Ammount
- 6098
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
House hack opportunity in the wonderful Sehome neighborhood. Beautifully remodeled (2023) Sehome duplex. Proforma 6.2% cap rate. Upstairs lease ends in September 2026. With DADU permitting studio could rent for $1,500+ a month, for $6,040 total. Looking up from the sidewalks of Jersey Street, you'll discover this charming restored Victorian duplex in the desirable Sehome neighborhood. Potential to convert back to a single-family home. Grandfathered as a legal duplex, it sits on a bright, sunny corner lot with territorial views and vistas of Bellingham Bay. Just steps to Sehome Hill Arboretum trails. Upstairs: a 2-level, 2-bed/1-bath unit with private view deck, in-unit laundry, remodeled wrap-around kitchen, and excellent living spaces. Main floor: a spacious 1,128 SF 2-bed/2-bath fully remodeled in 2023 with new kitchen, bathrooms, flooring, lighting, in-unit laundry and smart space planning. A detached 533 sq ft studio with ¾ bath. 2026 zoning changes streamline ADU approval—offering strong potential to condo-ize or boost total rent. Proven cash flow in a prime location near WWU and downtown. New roof and skylights, new siding, interior remodels (kitchens plus 2 of 4 baths), 6-zone mini-split system, solar, fencing and amazing landscaping complete this gem. Don't miss it!
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Additional Information
- List Date
- 2026-05-06 17:13:13
- Community
- Sehome
- Net Operating Income
- $42,456
- Gross Adjusted Income
- $54,480
- Gross Scheduled Income
- $54,480
- Total Monthly Income
- $4,540
- Insurance Expenses
- $3,155
- Water/Sewer/Garbage Expenses
- $1,263
- Gross Rent Multiplier
- 19.98
- Total Expenses
- $12,024
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 1000
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1910
- View
- Bay, City, Sound, Territorial
- Roof
- Composition
- Site Features
- Cabana/Gazebo, Deck, Electric Car Charging, Fenced-Fully, High Speed Internet, Hot Tub/Spa
- Other Expenses
- 1508
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Happy Vly Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $4,540
- Gross Scheduled Income
- $54,480
- Gross Adjusted Income
- $54,480
- Tax Year
- 2025
- Insurance Expense
- $3,155
- W/S/G Expenses
- $1,263
- Total Expenses
- $12,024
- Net Operating Income
- $42,456
- Gross Rent Multiplier
- 19.98
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.