521 North Forest Street
521 North Forest Street
Bellingham, WA 98225
$3,949,000
Last Sold Price
18
Beds
9.75
Baths
11,410 Sq. Ft.
$346 / Sq. Ft.
11,410
Sq. Ft.
$346
per Sq. Ft.
Sold 7/30/21
Sold 7/30/21
Listing provided courtesy of Hammer Properties NW Inc., Keller Williams Western Realty
Description
8 units one block from WWU. Never lack for tenants. Location can't be beat. Campus is a 2-minute walk, downtown, 10-minutes. Students love the walkable location. Owner-paid expenses are reasonable. Property is two well kept older homes, and one 2018 triplex and one 2021 triplex, just completed. Complex rents fast. Return on investment is excellent! Never any vacancy. Listing is for 2 single-family houses, and 2 triplexes. Rents presented are based off leases for fall, 2021.8 units one block from WWU. Never lack for tenants. Location can't be beat. Campus is a 2-minute walk, downtown, 10-minutes. Students love the walkable location. Owner-paid expenses are reasonable. Property is two well kept older homes, and one 2018 triplex and one 2021 triplex, just completed. Complex rents fast. Return on investment is excellent! Never any vacancy. Listing is for 2 single-family houses, and 2 triplexes. Rents presented are based off leases for fall, 2021.
- Listed by Brett Nichols • Hammer Properties NW Inc.
- Listed by Greg Nelson • Hammer Properties NW Inc.
Property Details for 521 North Forest Street
Community Name
Sehome
School DistrictBellingham
ViewBay
Number of Assigned Spaces16
Total Covered Parking6
Entry Date02-25-2021
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Hammer Properties NW Inc.![]()
Sold By Keller Williams Western Realty
Add your commute
LISTING UPDATED: 08/03/2021 10:05 AM
Property Details for 521 North Forest Street
| Status | Sold |
|---|---|
| MLS # | 1734256 |
| Days on Market | 118 |
| Cumulative Days on Market | 1071 |
| Taxes | $24,822 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2021 |
| Lot Size | 0.32 AC / 13,764 SF |
| County | Whatcom County |
Location
Listing Courtesy of Hammer Properties NW Inc.![]()
Sold By Keller Williams Western Realty
Add your commute
Building Information for 521 North Forest Street
Stories3Residences8Year Built2021Building Size-Lot Size0.32 AC / 13,764 SF
Payment Calculator
$23,620 per month
30 year fixed, 7.25% Interest
Principal and Interest
$21,551
Property Taxes
$2,069
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 521 North Forest Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck, Electric Car Charging, Gas Available, High Speed Internet, Sprinkler System
- Area: 860 - Bellingham
- Effective Year Built Source: Public Records
- Directions: From I-5 take the Lakeway Bellingham exit and go west towards downtown Bellingham. South on State Street. Exit roundabout onto State. Go left on Cedar. Turn right into alley.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2019
Parking
- Number of Carport Spaces: 6.0
- Carport: No
- Open Parking Spaces: 10.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Vinyl, Carpet
- Features: Ceramic Tile
- New Construction: Under Construction
- Amenities: Basement,Fire Sprinklers,Storage
- Fireplace: No
Exterior Features
- Exterior: Cement Planked, Wood, Wood Products
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Forced Air
- Water Source: Public
- Water/Sewer/Garbage: 8760
- Power Company: PSE
- Sewer Company: CoB
- Water Company: CoB
- Power Production Type: Electric, Natural Gas
- Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Property and Assessments
- New Construction YN: Yes
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Estimated Completion Date: 2021-03-31
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2021
- Photos Count: 27
Lot Information
- Lot Details: Adjacent to Public Land, Alley, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 125 x 100
- Lot Number: 3802365313470000
- Lot Size Source: Architectural plans
- Parcel Number Free Text: 3802365313470000
- Building Condition: Very Good
- Calculated Square Footage: 11410
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 11410.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 10
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $1,258
- Total Expenses: 53845
- Gross Adjusted Income: 264000
- Gross Rent Multiplier: 15
- Gross Scheduled Income: $264,000
- Insurance Expense: $4,328
- Net Operating Income: $210,155
- Other Expenses: $14,677
- Total Monthly Income: 22150
- Fuel Expense: $0
Unit 1
- Name Unit 1: 521
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 2200
- Rent Unit 1: $3,750.00
Unit 2
- Name Unit 2: 517
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 3000
- Rent Unit 2: $4,400.00
Unit 3
- Name Unit 3: 523#1
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1000
- Rent Unit 3: $2,300.00
- Bedrooms Unit 3: 3
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 523#2
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1000
- Rent Unit 4: $2,300.00
- Bedrooms Unit 4: 3
- Bathrooms Unit 4: 2
Unit 5
- Name Unit 5: 523#3
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 1000
- Rent Unit 5: $2,400.00
- Bedrooms Unit 5: 3
- Bathrooms Unit 5: 2
Unit 6
- Name Unit 6: 519 #1
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 1100
- Rent Unit 6: $2,300.00
- Bedrooms Unit 6: 3
- Bathrooms Unit 6: 2
Unit 7
- Name Unit 7: 519 #2
- Washer/Dryer Unit 7: true
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 1100
- Rent Unit 7: $2,300.00
- Bedrooms Unit 7: 3
- Bathrooms Unit 7: 2
Unit 8
- Name Unit 8: 519 #3
- Washer/Dryer Unit 8: true
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 1100
- Rent Unit 8: $2,400.00
- Bedrooms Unit 8: 3
- Bathrooms Unit 8: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 11410.0
- Leasable Area Units: Square Feet
Property History for 521 North Forest Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 521 North Forest Street
Taxable ValueLand$552,460Additions$743,758Total$1,296,218
Tax Record2021$11,190 ($933 / month)
Home Facts
Beds6Baths7Total Finished SqFt1,072 SqFtAbove Ground SqFt1,072 SqFtStories1Lot Size6,970 SqFtStyleSingle Family ResidenceYear Built1927ZoningRM1.5CountyWHATCOMAPN380236 534351 0000Fireplace TypeHas Fireplace
Schools near 521 North Forest 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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lowell Elementary School PublicPK to 5 | ||
Fairhaven Middle School Public6 to 8 | ||
Sehome High School Public9 to 12 | ||
Options High School 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.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Hammer Properties NW Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.