201 N Commercial ST, Bellingham, WA 98225
201 N Commercial ST, Bellingham, WA 98225
201 N Commercial ST, Bellingham, WA 98225
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Christine Wilson

Christine Wilson

+1(206) 419-4844
Listed by:John L. Scott, Inc • Jonathan D. Bye
$2,250,000
Est. payment /mo
20 Beds
16 Baths
11,180 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,180 sqft

Price per Sqft $201

Subdivision Bellingham

MLS Listing ID 2553317

Style 56 - 10+ Units

Bedrooms 20

Year Built 1900

Annual Tax Amount $21,170

Lot Size 6,534 Sqft

Property Sub-Type Multi Family

Property Description

Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as “the leading fashionable apartment house in the city and the most modern.” Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that's been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Laminate, Softwood, Vinyl

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

View Y/N No

Roof Type Torch Down

Building

Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bellingham

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Northwest MLS (NWMLS)
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Nearby Locations

Christine Wilson
Christine Wilson

Broker Associate | License ID: 59455

+1(206) 419-4844 | christine@christinewilsonre.com

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201 N Commercial ST