Sold
Last Sold Price
1011 Key St, Bellingham, WA 98225
Multi FamilyProperty Type
0.16 acresLot Size
1900Year Built
6 carsParking Spaces

Description

Sehome Hill triplex with 1-bedroom and 1-bathroom units, always rented! The property is set back from the street in a residential neighborhood, close to downtown, and half mile to Western Washington University. Each unit has a private entrance and separately metered utilities. Tenants share a basement with a laundry room, spacious yard, and plenty of off-street parking as well. This is a great property to add to your investment portfolio!Sehome Hill triplex with 1-bedroom and 1-bathroom units, always rented! The property is set back from the street in a residential neighborhood, close to downtown, and half mile to Western Washington University. Each unit has a private entrance and separately metered utilities. Tenants share a basement with a laundry room, spacious yard, and plenty of off-street parking as well. This is a great property to add to your investment portfolio!
  • Listed by: Troy C. Muljat 360.733.3030 troy@muljat.com • Muljat Group
Listing closed: 01/14/2022 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1824081

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Location

Listing Courtesy of Muljat Group

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Principal and Interest

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Property Taxes

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Property Information for 1011 Key Street

Property Details
  • Taxes: $5,034 / year
  • MLS Type: Residential Income
  • Community Name: Bellingham
  • School District: Bellingham
  • Number of Assigned Spaces: 6
  • Total Covered Parking: 0
  • Entry Date: 08-13-2021
  • Energy Source: Natural Gas
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.16 AC / 6,970 SF
Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 860 - Bellingham
  • Effective Year Built Source: Public Records
  • Directions: From I-5, take exit 253 to Lakeway Drive. Continue onto Lakeway Dr. Turn left on Ellis St. Turn right onto Liberty St. Turn right onto E Maple St. Turn left onto Key St. Property on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Forced Air, Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3169
  • Power Production Type: Natural Gas
  • Utilities: Sewer Connected, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1950
  • Photos Count: 12
Lot Information
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3803313024080000
  • Calculated Square Footage: 0
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $78
  • Total Expenses: 12145
  • Gross Adjusted Income: 37926
  • Gross Rent Multiplier: 19
  • Gross Scheduled Income: $38,700
  • Insurance Expense: $1,250
  • Net Operating Income: $25,781
  • Other Expenses: $2,132
  • Total Monthly Income: 3225
  • Fuel Expense: $482
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2015.0
  • Leasable Area Units: Square Feet

Property History for 1011 Key Street

DateEvent & SourcePriceAppreciation
Jan 14, 2022

Sold

NWMLS #1824081

$716,500—
Dec 30, 2021

Sold (Public Record)

Public Record #1481076414

$716,500

+7.0% / yr

Nov 15, 2021

Pending

NWMLS #1824081

—
DateEvent & SourcePrice
01/14/2022

Sold

NWMLS #1824081

$716,500
12/30/2021

Sold (Public Record)

Public Record #1481076414

$716,500

+7.0% / yr

11/15/2021

Pending

NWMLS #1824081

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1011 Key Street

Taxable ValueLand$319,488Additions$518,472Total$837,960
Tax Record2025$6,659 ($555 / month)
Home Facts
Beds3Baths3Total Finished SqFt3,581 SqFtAbove Ground SqFt2,398 SqFtFinished Basement SqFt1,183 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1949ZoningRS6.8CountyWHATCOMAPN380331-302408-0000

Schools near 1011 Key Street

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Happy Valley Elementary School
PublicPK to 5

Fairhaven Middle School
Public6 to 8

Sehome High School
Public9 to 12

Visions (Seamar Youth Center)
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Muljat Group

Based on information submitted to the MLS GRID as of 09/05/2024 05:43 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.