1252 Nevada Street Bellingham, WA $ 3,400,000
1252 Nevada Street
$ 3,400,000
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1252 Nevada Street

Bellingham, WA, 98226
$ 3,400,000
Baths0.0 Sq 12,768

Monthly Estimate*

$ 20,934

Listed by Windermere RE Whatcom, Inc.
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Studio

Multi-Family Home for sale in Bellingham, WA

for $3,400,000. This 12,768 square foot home was built in 1979 on a lot size of 0.67.

17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line, Whole Foods, Carl cozier elementary school, city park and pool complex. Central location.Unit mix:12 one- bedroom units and 5 -two bedroom units all under market rent with stable vacancy history.Excellent parking.Recent maintenance:New roof 2026new gutters 2026new washer dry units in common laundry roomThe third floor units are accessed off a ground level parking lot with 9 uncovered spaces on the east side of the property.20 uncovered spaces on ground floor access and 7 covered spaces.There is a parking agreement that can be terminated or negotiated for parking income with adjacent building owner that generates additional income.Operating Expenses: Using a 28% total expense estimate.

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Multi-Family Active

Price

$ 3,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 25,357

Style

10+ Units

Lot Size

0.67

Year Built

1979

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2539063

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1979
Property Subtype Multi Family
Tax Year 2026
County Whatcom
Net Operating Income 186000
Insurance Expense 11660
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Puget
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Lakeway east off I-5 to Nevada StreetRight (south) on Nevada.
City Bellingham
Senior Community Y/N N
High School District Bellingham
Zoning Description Multi-Family
Number Of Units Total 1
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 29185
Carport Spaces 7
Carport Y/N N
Listing Terms Cash
Tax Annual Amount 25357
Electric Expense 3100
Fuel Expense 0
Public Remarks 17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line Whole Foods Carl cozier elementary school city park and pool complex. Central location.Unit mix:12 one- bedr
Leasable Area 10000
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 17
Water Sewer Garbage 11250
Property Style 56 - 10+ Units
Cap Rate 5.5
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Total Parking 36
Foundation Details Slab
Building Area Total 12768
Lot Size Acres 0.67
Waterfront Y/N N
Covered Spaces 7
Irrigation Water Rights Y/N N
Parking Uncovered Total 29
Lot Number Lots 32 33 34
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Interior
Total Fireplaces 0
Total Stories 3
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 NWM2539063
Street Number 1 1252
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* Excluded Features
List By
Jeff Johnson

Listing Agent

Windermere Re Whatcom, Inc.

Broker

Affordability Calculator

$23,047
Per Month
91%
9%
0%
Monthly Principal & Interest
$20,934
Monthly Property Taxes
$2,113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
256623 Elementary School
257507 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$3,400,000 Listed Price

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1252 Nevada Street, Bellingham, WA, 98226 is a Multi-Family Home for sale at $3,400,000 with 12,768 sqft and a lot size of 0.67. 1252 Nevada Street is a studio with 0.0 baths and was built in 1979. The property's zip code is 98226 which is in Bellingham, WA