Duplex With Detached
New
For Sale
$710,000
1405 Halleck St, Bellingham, WA 98225
Two residences offer four-bedroom and two-bedroom layouts, with one bath in each unit.
Property Size2,179 SF
Lot Size0.11 Acres
Price / SF$325.84
Days on Market6
Property Features for 1405 Halleck St
General Information
Standard status
Active
Size
2,179 SF
Total Parking Spaces
1
Lot size
0.11 Acres
Property subtype
Multi-Family
Zoning
Commercial Transition Area 1
Units
Unit Mix
1 x 4BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1905
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Joshua W Shiflett
(360) 739-1327
Source:
Pierceandkingcountyhouses
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:28AM
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 Windermere RE Whatcom, Inc.
Investment Insights
Based on property information with market context.
Built in 1905, this duplex contains 2,179 SF of living space across two units. The main-level residence has four bedrooms and one bath; the upper-level residence has two bedrooms and one bath. A detached one-car garage provides additional on-site space. The property occupies a 4,792 SF lot in the Fountain District Urban Village’s Commercial Transition Area 1.
The urban village allows short-term rentals subject to a Type I permit and applicable City requirements. A detached accessory dwelling unit may also be explored, subject to City review and permitting. Shopping, restaurants, services, transit, and downtown Bellingham are nearby.
The urban village allows short-term rentals subject to a Type I permit and applicable City requirements. A detached accessory dwelling unit may also be explored, subject to City review and permitting. Shopping, restaurants, services, transit, and downtown Bellingham are nearby.
Key Highlights
- Two‑unit duplex with 2,179 SF of living space
- Main‑level unit has 4 bedrooms and 1 bath; upper unit has 2 bedrooms and 1 bath
- Detached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,346
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,920
$506.9K
Cap Rate 7%
$362,086
$362.1K
Cap Rate 9%
$281,622
$281.6K
Market Conditions
NOI Build-Up for 2,179 SF
Gross rent
$37.9K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$36.2K $16.62/SF
− OpEx
−$10.9K −$4.99/SF
NOI
$25.3K $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%
$506,920
Cap Rate 7%
$362,086
Cap Rate 9%
$281,622
Alternative Uses
Best Use
Multifamily LT 5
$362.1K
$316.8K – $422.4K
NOI $25,346 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$335.3K
$293.4K – $391.2K
NOI $23,470 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K
NOI $35,983 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 98225, WA
49,078
Population
24,202
Households
2
Avg Household Size
31
Median Age
48%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
3,895
Density / Sq Mi
$62,220
Median Household Income
$33,122
Median Earnings
$1,430
Median Rent
$588,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer four-bedroom and two-bedroom layouts, with one bath in each unit.
Where is this duplex located?
The property is located at 1405 Halleck St Bellingham, WA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,179 SF of living space; Main‑level unit has 4 bedrooms and 1 bath; upper unit has 2 bedrooms and 1 bath; Detached 1‑car garage
