1309 Billy Frank Jr Street Bellingham, WA $ 4,995,000
1309 Billy Frank Jr Street
$ 4,995,000
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1309 Billy Frank Jr Street

Bellingham, WA, 98225
$ 4,995,000
Baths0.0 Sq 11,094

Monthly Estimate*

$ 31,162

Listed by Hammer Properties NW Inc.
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Studio

Multi-Family Home for sale in Bellingham, WA

for $4,995,000. This 11,094 square foot home was built in 2022 on a lot size of 0.16.

Prime investor opportunity in Downtown Bellingham’s Urban Village. This 3-year-old, 13-unit building offers modern construction, low operating costs, and strong tenant demand in a highly walkable core location. Units feature contemporary finishes and efficient systems designed for long-term durability. Units have full appliance suite: range, fridge, dishwasher, washer+dryer. Ten parking spaces can be rented separately. There is a bike storage room and a bus stop out front. Five years remain on the Multi-Family Tax Exemption (MFTE), providing valuable tax savings and enhancing projected returns. With stable occupancy and minimal maintenance needs, this turnkey asset is ideal for investors seeking steady performance and future appreciation.

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Multi-Family Active

Price

$ 4,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,967

Style

10+ Units

Lot Size

0.16

Year Built

2022

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2459615

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Flat
HOA Fee 0
Security Features Security Gate
Year Built 2022
View Bay City Mountain(s) Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name New Whatcom
County Whatcom
Net Operating Income 248985
Insurance Expense 3485
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Downtown
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I-5 to Lakeway west on Lakeway to E Holly. Right on Billy Frank Jr. Building is on your left.
High School Sehome High
City Bellingham
Senior Community Y/N N
High School District Bellingham
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 13
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 6970
Carport Spaces 2
Carport Y/N N
Listing Terms Conventional
Elementary School Lowell Elem
Tax Annual Amount 3967.42
Electric Expense 5396
Fuel Expense 0
Middle/Junior High School Fairhaven Mid
Property Condition Very Good
Public Remarks Prime investor opportunity in Downtown Bellinghams Urban Village. This 3-year-old 13-unit building offers modern construction low operating costs and strong tenant demand in a highly walkable core lo
Leasable Area 11094
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Fire Sprinklers See Remarks Thermal Windows
Water Company City of Bellingham
Units Below Grade true
Units In Building Total 13
Water Sewer Garbage 16988
Property Style 56 - 10+ Units
Cap Rate 5
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Exterior
Exterior Amenities Brick Cement/Concrete Metal/Vinyl
Lot Features Alley Secluded Sidewalk
Water Source Public
Total Parking 10
Foundation Details Poured Concrete
Building Area Total 11094
Lot Dimensions 55x125
Lot Size Acres 0.16
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Gated Entry High Speed Internet Sprinkler System
Parking Uncovered Spaces 8
Lot Number 11
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2459615
Street Number 1 1309
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* Excluded Features
List By
Nikki Quinn

Listing Agent

Hammer Properties Nw Inc.

Broker

Affordability Calculator

$31,493
Per Month
99%
1%
0%
Monthly Principal & Interest
$31,162
Monthly Property Taxes
$331
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257680 Elementary School
256837 Middle School
Sehome High High School
Pricing History
DatePricePrice ChangeDescription
12/11/2025$4,995,000 Listed Price

Map


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1309 Billy Frank Jr Street, Bellingham, WA, 98225 is a Multi-Family Home for sale at $4,995,000 with 11,094 sqft and a lot size of 0.16. 1309 Billy Frank Jr Street is a studio with 0.0 baths and was built in 2022. The property's zip code is 98225 which is in Bellingham, WA