1252 Nevada St - Apartments FOR SALE


Bellingham, WA 98229- Samish Hill
$3,150,000 USD
360-319-8358
1252 Nevada St, Bellingham, WA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/6
null | 5.94% Cap Rate

1252 Nevada St
Bellingham, WA 98229
Samish Hill


HIGHLIGHTS

  • Convenient proximity to downtown Bellingham with connectivity to Interstate 5 via nearby arterial routes.
  • Positioned within a walkable neighborhood offering quick access to daily necessities, schools, and public transit.

OVERVIEW

17 unit apartment complex off Lakeway 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 2026 new gutters 2026 new washer dry units in common laundry room The 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. Operating Expenses: Using a 28% total expense estimate.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

17

PRICE/UNIT

$185,294

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1979

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,881 SF

ZONING

RS8.5

APN/PARCEL ID

380332-125493-0000,380332-125497-0000,380332-134493-0000

ASK ABOUT THIS PROPERTY

Jeff JohnsonWindermere Real Estate/Whatcom, Inc.More Info
360-319-8358

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Jeff JohnsonWindermere Real Estate/Whatcom, Inc.More Info
360-319-8358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.