Multifamily Property Near WWU
1011 21st Street, Bellingham, WA 98225
19-unit multifamily property near Western Washington University.
Type:Multifamily
Property size:
25,265 SFPrice / SF:
$332/SF- Added:
- Nov 21, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 11:57 pm
Property Features for 1011 21st Street
General Information
- Standard status
- Active
- Size
- 25,265 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1991
Listing agent Cory Walken License #WA #86060 (360) 319-1649
Listing office (360) 319-1649
Listing date Nov 21, 2025
Source Sperrycga
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cory Walken
HighLights
- Assumable debt at 3.1% provides a +5% cash‑on‑cash return in year 1.
- Located just two blocks from Western Washington University (WWU) campus.
- Potential to boost income by 11.8% in year 1 by implementing RUBS, laundry, and parking fees.
- Historically low vacancy rates.
- Desirable mix of large 3 & 4 bedroom units.
- Well‑maintained property in excellent condition.
Overview
This multifamily property, located in the Happy Valley area of Bellingham, features 19 units with a mix of large 3- and 4-bedroom layouts. The property is situated just three blocks from the Western Washington University (WWU) campus. The location offers convenient access to the Fairhaven Historic District, Boulevard Park, and the Bellingham Farmers Market, as well as nearby trails, parks, and waterfront areas. The property is well-maintained and in excellent condition with historically low vacancy. Potential exists to boost income through revenue streams such as RUBS, coin-op laundry, and covered parking fees. The property offers assumable debt at 3.1% for 3+ years. The property size is 25,265 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.49
- Latitude
- 48.7234
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 19-unit multifamily property near Western Washington University.
Where is this apartment building located?
The property is located at 1011 21st Street Bellingham, WA.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: Assumable debt at 3.1% provides a +5% cash‑on‑cash return in year 1.; Located just two blocks from Western Washington University (WWU) campus.; Potential to boost income by 11.8% in year 1 by implementing RUBS, laundry, and parking fees.
