Duplex with Separate
1205 Mcleod, Bellingham, WA 98226
For Sale
$1,050,000
Modern duplex with flexible living arrangements, attached parking, and a separately entered accessory dwelling unit.
Property Size2,895 SF
Price / SF$362.69
Days on Market67
Property Features for 1205 Mcleod
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fireplace
attached garage
private entrance
in-unit laundry
mini-split HVAC
9-ft ceilings
mature trees
Building Details
Year Built
Buildings
Listing Agency:
Hammer Properties NW Inc.
Listed By:
Nikki Quinn · License #83115
(360) 303-5809
Source:
Skylineproperties
Added: Sep 3
Changed: Nov 6
Last Checked: Nov 8 at 6:28AM
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 Hammer Properties NW Inc.
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Investment Insights
Based on property information with market context.
Built in 2020, this 2,895-square-foot duplex includes a 4-bedroom, 3-bath main residence and a separate 1-bedroom, 1-bath ADU. The primary home offers an open living area, natural light, a fireplace, upgraded finishes, and modern systems. An attached garage adds parking and storage.
The ADU has its own entrance along with a living room, full kitchen, in-unit laundry, 9-foot ceilings, and a mini-split system providing heat and AC. A reserved parking space serves the ADU. Located in Bellingham, the property is surrounded by mature trees and supports extended living, guest accommodations, home office use, or rental income.
The ADU has its own entrance along with a living room, full kitchen, in-unit laundry, 9-foot ceilings, and a mini-split system providing heat and AC. A reserved parking space serves the ADU. Located in Bellingham, the property is surrounded by mature trees and supports extended living, guest accommodations, home office use, or rental income.
Key Highlights
- 2,895‑square‑foot duplex built in 2020
- Main residence includes 4 bedrooms and 3 baths
- Separate 1‑bedroom, 1‑bath ADU with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,674
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,480
$673.5K
Cap Rate 7%
$481,057
$481.1K
Cap Rate 9%
$374,156
$374.2K
Market Conditions
NOI Build-Up for 2,895 SF
Gross rent
$50.4K $17.40/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$48.1K $16.62/SF
− OpEx
−$14.4K −$4.99/SF
NOI
$33.7K $11.63/SF
Area
Whatcom County, WA
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,480
Cap Rate 7%
$481,057
Cap Rate 9%
$374,156
Alternative Uses
Best Use
Multifamily LT 5
$481.1K
$420.9K – $561.2K
NOI $33,674 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$445.5K
$389.8K – $519.7K
NOI $31,183 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$683.0K
$597.6K – $796.8K
NOI $47,807 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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Business Placement
Demographics for 98226, WA
47,011
Population
20,609
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
105.8 sq mi
ZIP Area
444
Density / Sq Mi
$79,684
Median Household Income
$45,337
Median Earnings
$1,557
Median Rent
$568,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex with flexible living arrangements, attached parking, and a separately entered accessory dwelling unit.
Where is this duplex located?
The property is located at 1205 Mcleod Bellingham, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,895‑square‑foot duplex built in 2020; Main residence includes 4 bedrooms and 3 baths; Separate 1‑bedroom, 1‑bath ADU with private entrance
