522 12th Street, Bellingham, WA 98225
- $799,000
- 968
- SqFt
Listing courtesy of Coldwell Banker Bain.
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 2560052
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 968
- Area Total SqFt
- 968
- Annual Tax Ammount
- 7147
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 3,049
- Sewer
- Sewer Connected
Property Description
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.
Additional Information
- List Date
- 2026-08-06 21:58:16
- Community
- South Hill
- Net Operating Income
- $21,227
- Gross Adjusted Income
- $36,000
- Gross Scheduled Income
- $36,000
- Total Monthly Income
- $2,900
- Insurance Expenses
- $645
- Water/Sewer/Garbage Expenses
- $1,679
- Gross Rent Multiplier
- 24.97
- Total Expenses
- $14,156
- Cap Rate
- 2.36
- Total Number of Units
- 2
- Unit Name
- 522
- Potential Terms
- Cash, Conventional
- Year Built
- 1938
- View
- Bay, Ocean, Sea, Sound, Strait
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet
- Other Expenses
- 4685
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Lowell Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $2,900
- Gross Scheduled Income
- $36,000
- Gross Adjusted Income
- $36,000
- Tax Year
- 2024
- Insurance Expense
- $645
- W/S/G Expenses
- $1,679
- Total Expenses
- $14,156
- Net Operating Income
- $21,227
- Gross Rent Multiplier
- 24.97
- Cap Rate
- 2.36
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.