800 20th St Bellingham, WA 98225 – 800 20th Street

800 20th Street (Status: Pending) 1850000

800, 20th St, Bellingham, WA  98225

Well-positioned 8-unit apartment building in Bellingham’s high-demand student housing market. Located just one mile from the heart of Western Washington University, on a quiet dead-end street adjacent to Lowell Park, students can utilize nearby trails as a shortcut to campus, enhancing the property’s appeal. On-site covered parking also adds convenience for tenants. There is upside potential to increase rental income, positioning the property for a near 6% capitalization rate upon stabilization. This “diamond in the rough” presents a compelling opportunity for investors seeking to capitalize on Bellingham’s thriving student housing market.

Listing Details

Asset Class: Multi-Family
Year Built: 1980
Building Total Square Feet: 6240
Available Lease Space Square Feet: 6240
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: Residential Multi 1A

Listing Courtesy of: The Muljat Group Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.