Sold
Last Sold Price
9,180 sqft
4071 Home Rd, Bellingham, WA 98226
Multi FamilyProperty Type
0.71 acresLot Size
1981Year Built
$343/sq ftPrice per sq ft
34 carsParking Spaces

Description

True 6.3% Cap – Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.True 6.3% Cap – Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.
  • Listed by: KC Coonc 360.671.5000 KC@PCRnw.com • Windermere Real Estate Whatcom
  • Listed by: Ryan A. Martin 360.671.5000 Ryan@northsoundcommercial.com • Windermere Real Estate Whatcom
Listing closed: 07/30/2019 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1397398

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Recent comparable sales

Median sold price

$2,890,000

Avg days on market

18

Sale-to-list ratio

94.9%

Bellingham, WA

9 comparable properties found

a front view of a house with a yard
1/20
1

$2,890,000

Sold 09/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.46
Acres
2

$2,890,000

Sold 09/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
9,480
Square Feet
0.46
Acres
a view of a yard
1/2
3

$3,500,000

Sold 03/07/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.73
Acres
a view of a house with a street
1/2
4

$1,800,000

Sold 12/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.34
Acres
a front view of a house with a garden
1/36
5

$775,000

Sold 07/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,804
Square Feet
0.11
Acres
$699,000 | 2821-2823 Pacific Street, Bellingham, WA 98226
1/41
6

$699,000

Sold 06/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,776
Square Feet
0.17
Acres
a view of lake and mountain view
1/2
7

$4,400,000

Sold 07/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.36
Acres
8

$2,965,000

Sold 03/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,583
Square Feet
Unavailable
Acres
an aerial view of a house with a garden
1/2
9

$500,000

Sold 12/16/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.43
Acres

Location

Listing Courtesy of Windermere Real Estate Whatcom

Sold By The Foundation Group LLC

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Property Information for 4071 Home Road

Property Details
  • Taxes: $10,136 / year
  • MLS Type: Residential Income
  • Community Name: Bellingham
  • School District: Bellingham
  • View: Territorial
  • Number of Assigned Spaces: 34
  • Total Covered Parking: 0
  • Entry Date: 01-03-2019
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 30
  • Year Built: 1981
  • Lot Size: 0.71 AC / 30,928 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV
  • Area: 860 - Bellingham
  • Directions: I-5 exit 257 onto Northwest, left on Home Lane, right on Home Road. Property on your left
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2018
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 34.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Hardwood, Vinyl
  • Features: Central A/C, Ductless HP-Mini Split, Hardwood
  • Amenities: Fire Sprinklers,Thermal Windows
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10006
  • Power Company: PSE
  • Sewer Company: COB
  • Water Company: COB
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Details: Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Dimensions: 103x304x103x304
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3802145164800000
  • Building Condition: Remodeled
  • Calculated Square Footage: 9180
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9180.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 34
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 30
  • Units Below Grade: false
  • Units In Building Total: 30
Financing / Income and Expenses
  • Electric Expense: $8,420
  • Total Expenses: 70469
  • Gross Adjusted Income: 276815
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $268,500
  • Insurance Expense: $7,025
  • Net Operating Income: $206,346
  • Other Expenses: $34,882
  • Total Monthly Income: 276815
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9180.0
  • Leasable Area Units: Square Feet

Property History for 4071 Home Road

DateEvent & SourcePriceAppreciation
Jul 30, 2019

Sold

NWMLS #1397398

$3,150,000—
Jul 25, 2019

Sold (Public Record)

Public Record #649565072

$3,150,000

+12.3% / yr

May 17, 2019

Pending

NWMLS #1397398

—
DateEvent & SourcePrice
07/30/2019

Sold

NWMLS #1397398

$3,150,000
07/25/2019

Sold (Public Record)

Public Record #649565072

$3,150,000

+12.3% / yr

05/17/2019

Pending

NWMLS #1397398

—

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

Public Records for 4071 Home Road

Taxable ValueLand$1,374,030Additions$2,482,063Total$3,856,093
Tax Record2025$31,215 ($2,601 / month)
Home Facts
Total Finished SqFt7,680 SqFtAbove Ground SqFt7,680 SqFtLot Size30,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1981Year Renovated2008ZoningPICCountyWHATCOMAPN380214-516480-0000

Schools near 4071 Home Road

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 - 9 to 12
Rating
School
Distance
Cordata Elementary School
PublicPK to 5

Shuksan Middle School
Public6 to 8

Squalicum High School
Public9 to 12

Bellingham Re-Engagement Program
Public9 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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4071 Home Road, Bellingham, WA 98226
$3,150,000
–
–
9,180
30,928
–
–
2
1,740
52,272
$1,650,000
–
–
57,900
–
–
–
–
14,000
–
–
–
–
–
–
–
–
–
–
–

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 Windermere Real Estate Whatcom

Based on information submitted to the MLS GRID as of 09/05/2024 05:39 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.