$ 849,000
-
$849,000
Price -
2
Bed -
1.5
Bath -
968
SqFt
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About the Listing 9994 - 98241
The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Listing Highlights
Status
Active
Days on Site
119
Property Type
Residential
MLS ®
2493835
Year Built
1938
Total Square Footage
968
Lot/Acreage
0.07
County
Whatcom
Building Name
City of Bellingham
Neighborhood
South Hill
Area
860 - Bellingham
School District
Bellingham
Elementary School
Lowell Elementary
Middle School
Fairhaven Middle
High School
Sehome High
Interior Details
- Bedrooms: 2
- Bathrooms: 1.5 Full
- Appliances: Refrigerator, Stove(s)/Range(s), Refrigerator(s)
- Air Cond:
- Heating: See Remarks
- Fireplaces: 2, Gas,2 Fireplace
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Fireplace,Water Heater,Master on Main
- Water: COB
Exterior Details
- Lot Description: Paved,Sidewalk,Built On Lot,Cable TV,Deck,Gas Available
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 104' X 35
- Roof: Composition
- Others: Wood,Wood Products
- Sewer: COB
- Parking Features: Driveway,Off Street
Financial Details
- Tax Amount: $7,147
- Taxes w/Assessments: N/A
- Tax/Property ID: 3702011174480000
- Tax Year: 2024
Payment Calculator
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Questions About..
522 12th St Bellingham, WA 98225
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