2701 Texas (2701-2709) Street, Bellingham, WA 98229
- $1,200,000
- 1,971
- SqFt
Listing courtesy of Lakeside Realty, Inc..
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2529059
- Days on Market
- 41
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 1,971
- Area Total SqFt
- 1971
- Annual Tax Ammount
- 7231.69
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 14,812
- Sewer
- Sewer Connected
Property Description
Investor opportunity! If you're looking for a place to put your 1031 exchange money look no further! This fourplex featuring four 2-bedroom, 1-bath units with strong upside potential. 2705 & 2709 have been updated, while 2701 & 2703 offer an opportunity for improvements and added value. Current rents are below market, providing excellent potential for future rental increases and improved cash flow. Tenants are month to month. All units include a washer and dryer, 2701-2703 (stack units), 2705-2709 (full size) Each building has a submeter installed to track each tenants water use so you can charge the tenant for their share of the water and sewer bill.
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Additional Information
- List Date
- 2026-06-17 13:13:11
- Community
- Alabama Hill
- Net Operating Income
- $50,399
- Gross Adjusted Income
- $59,845
- Gross Scheduled Income
- $59,845
- Total Monthly Income
- $4,987
- Insurance Expenses
- $2,214
- Gross Rent Multiplier
- 23.81
- Total Expenses
- $9,446
- Cap Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 2701
- Potential Terms
- Cash
- Year Built
- 1976
- Roof
- Composition
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Roosevelt Elementary
- Middle School
- Kulshan Mid
- High School
- Bellingham High
- Total Monthly Income
- $4,987
- Gross Scheduled Income
- $59,845
- Gross Adjusted Income
- $59,845
- Tax Year
- 2026
- Insurance Expense
- $2,214
- Total Expenses
- $9,446
- Net Operating Income
- $50,399
- Gross Rent Multiplier
- 23.81
- 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.