1252 Nevada Street, Bellingham, WA 98226
- $3,150,000
- 12,768
- SqFt
Listing courtesy of Windermere RE Whatcom, Inc..
- List Price
- $3,150,000
- Status
- ACTIVE
- MLS#
- 2539063
- Price Change
- ▼ $250,000 1782348070
- Days on Market
- 52
- Style
- 56 - 10+ Units
- Finished SqFt
- 12,768
- Area Total SqFt
- 12768
- Annual Tax Ammount
- 25357
- Lot Size (sq ft)
- 29,185
- Sewer
- Sewer Connected
Property Description
17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line, Whole Foods, Carl cozier elementary school, city park and pool complex. Central location. Unit mix:12 one- bedroom units and 5 -two bedroom units all under market rent with stable vacancy history. Excellent parking. Recent maintenance: New roof 2026new gutters 2026new washer dry units in common laundry room. The third floor units are accessed off a ground level parking lot with 9 uncovered spaces on the east side of the property.20 uncovered spaces on ground floor access and 7 covered spaces. Operating Expenses: Using a 28% total expense estimate.
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Additional Information
- List Date
- 2026-06-05 19:55:12
- Community
- Puget
- Net Operating Income
- $186,000
- Gross Adjusted Income
- $258,100
- Gross Scheduled Income
- $263,000
- Total Monthly Income
- $21,933
- Insurance Expenses
- $11,660
- Water/Sewer/Garbage Expenses
- $11,250
- Gross Rent Multiplier
- 12.9
- Total Expenses
- $71,967
- Cap Rate
- 5.5
- Vacancy Rate
- 2
- Total Number of Units
- 1
- Unit Name
- 1252
- Potential Terms
- Cash
- Year Built
- 1979
- Roof
- Composition
- Electric Expenses
- 3100
- Other Expenses
- 20600
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $21,933
- Gross Scheduled Income
- $263,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $258,100
- Tax Year
- 2026
- Insurance Expense
- $11,660
- W/S/G Expenses
- $11,250
- Total Expenses
- $71,967
- Net Operating Income
- $186,000
- Gross Rent Multiplier
- 12.9
- Cap Rate
- 5.5
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.