1604 22nd Street, Bellingham, WA 98225

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Listing Broker: Bellingham Real Estate Company; Ben Tucker; ; Selling Office: FirstPoint Real Estate LLC.

Sold Price
$640,000
List Price
$650,000
Status
SOLD
MLS#
2395134
Closing Date
Sep 25, 2025
Days on Market
78
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,560
Area Total SqFt
1560
Annual Tax Ammount
5222
Internet Provider
Xfinity
Lot Size (sq ft)
6,534
Sewer
Sewer Connected

Property Description

2/1 duplex in Happy Valley! Between Donovan and Old Fairhaven Parkway, with easy access to Fairhaven, WWU, and I-5. Move-in ready for owner-occupy as Unit 1 is vacant, or rent out both sides as an income property. 2022 roof and recent exterior paint. Recent facelift on Unit 1 included new interior paint, new interior trim, new LVP flooring, new kitchen counters and new dishwasher, new baseboard heating units. Crawlspace redone with new insulation, vapor barrier, perimeter drain and sump pump! Ample parking with 2 covered parking spaces (parking area also features 2 storage closets) & space for up to 4 additional vehicles in the driveway. Live in one side and rent the other, or rent both sides in one of Bellingham's popular neighborhoods!

Additional Information

List Date
2025-07-09 00:00:00
Community
Happy Valley
Net Operating Income
$29,892
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Total Monthly Income
$2,900
Insurance Expenses
$1,207
Water/Sewer/Garbage Expenses
$2,079
Gross Rent Multiplier
16.93
Total Expenses
$8,508
Cap Rate
4.6
Total Number of Units
2
Unit Name
1604
Potential Terms
Cash Out, Conventional
Year Built
1977
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet
Energy Source
Electric
School District
Bellingham
Elementary School
Happy Vly Elem
Middle School
Fairhaven Mid
High School
Sehome High
Total Monthly Income
$2,900
Gross Scheduled Income
$38,400
Gross Adjusted Income
$38,400
Tax Year
2025
Insurance Expense
$1,207
W/S/G Expenses
$2,079
Total Expenses
$8,508
Net Operating Income
$29,892
Gross Rent Multiplier
16.93
Cap Rate
4.6
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.
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