Occupied Two-Unit
For Sale
$660,000
2210 Wilson Ave, Bellingham, WA 98225
Two tenant-occupied residences include private outdoor areas, in-unit laundry, storage, and separate parking.
Property Size2,272 SF
Price / SF$290.49
Days on Market78
Property Features for 2210 Wilson Ave
General Information
Standard status
Active
Size
2,272 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
gas stove
in-unit washer/dryer
storage room
private patio
fenced backyard
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
COMPASS
Listed By:
Michelle R Harrington
(360) 671-5000
Source:
Lifestylehomeswithmel
Added: Jul 29
Changed: Oct 2
Last Checked: Oct 7 at 2:43PM
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 COMPASS
Investment Insights
Based on property information with market context.
Built in 1976, this 2,272-square-foot duplex contains two occupied units, each configured with two bedrooms and 1.5 bathrooms. Both residences include a gas stove, dedicated washer and dryer, individual storage, a private patio, and a fenced backyard. Four parking spaces provide two spaces for each unit.
An additional third area is included, creating a documented path toward triplex conversion. The property is located at 2210 Wilson Ave in Bellingham, near Fairhaven shopping and dining, the Bellingham Waterfront, and Western Washington University. Existing long-term tenancy, separate outdoor areas, and unit-level amenities define the current configuration.
An additional third area is included, creating a documented path toward triplex conversion. The property is located at 2210 Wilson Ave in Bellingham, near Fairhaven shopping and dining, the Bellingham Waterfront, and Western Washington University. Existing long-term tenancy, separate outdoor areas, and unit-level amenities define the current configuration.
Key Highlights
- Both units are occupied by long‑term tenants
- Each unit has 2 bedrooms, 1.5 baths, and a gas stove
- Dedicated washer and dryer plus individual storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,428
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,560
$528.6K
Cap Rate 7%
$377,543
$377.5K
Cap Rate 9%
$293,644
$293.6K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$39.5K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$37.8K $16.62/SF
− OpEx
−$11.3K −$4.99/SF
NOI
$26.4K $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%
$528,560
Cap Rate 7%
$377,543
Cap Rate 9%
$293,644
Alternative Uses
Best Use
Multifamily LT 5
$377.5K
$330.4K – $440.5K
NOI $26,428 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$536.0K
$469.0K – $625.3K
NOI $37,519 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
229
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied residences include private outdoor areas, in-unit laundry, storage, and separate parking.
Where is this duplex located?
The property is located at 2210 Wilson Ave Bellingham, WA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Both units are occupied by long‑term tenants; Each unit has 2 bedrooms, 1.5 baths, and a gas stove; Dedicated washer and dryer plus individual storage for each unit
