Newer Three-Unit
For Sale
$1,769,000
4121 Deemer Rd, Bellingham, WA 98226
Three leased residences offer updated finishes, private outdoor areas, and attached garages within a low-maintenance multifamily setting.
Property Size4,948 SF
Price / SF$357.52
Days on Market81
Property Features for 4121 Deemer Rd
General Information
Standard status
Active
Size
4,948 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Parking per Unit
2
Amenities
quartz countertops
air conditioning
primary suites with en-suite baths
full size washer and dryer
air exchangers
wired alarm systems
private fenced grassy front areas
Building Details
Year Built
2022
Listing Agency:
RE/MAX Whatcom County, Inc.
Listed By:
Ronda Karn
(360) 647-1313
Source:
Livnserverealestate
Added: Jul 27
Changed: Oct 11
Last Checked: Oct 7 at 1:02PM
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 RE/MAX Whatcom County, Inc.
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Investment Insights
Based on property information with market context.
Completed in 2022, this triplex contains three residences on one parcel, each measuring approximately 1,650 square feet. Every home includes three bedrooms, 2.5 bathrooms, an attached 2-car garage, a primary suite with private bath, and full-size laundry. Interior features include quartz countertops, air conditioning, air exchangers, and wired alarm systems. Each residence also has a fenced grassy front area for private outdoor use.
All three residences are currently leased. The property is located at 4121 Deemer Rd in Bellingham, providing a newer multifamily configuration with the design and functionality of individual homes. The total property size is 4,997 square feet.
All three residences are currently leased. The property is located at 4121 Deemer Rd in Bellingham, providing a newer multifamily configuration with the design and functionality of individual homes. The total property size is 4,997 square feet.
Key Highlights
- Three residences on one parcel, with all three currently leased
- Built in 2022 with 4,997 square feet of total property size
- Each residence is approximately 1,650 square feet with 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,555
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,100
$1.2M
Cap Rate 7%
$822,214
$822.2K
Cap Rate 9%
$639,500
$639.5K
Market Conditions
NOI Build-Up for 4,948 SF
Gross rent
$86.1K $17.40/SF
− Vacancy
−$3.9K −$0.78/SF
EGI
$82.2K $16.62/SF
− OpEx
−$24.7K −$4.99/SF
NOI
$57.6K $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%
$1,151,100
Cap Rate 7%
$822,214
Cap Rate 9%
$639,500
Alternative Uses
Best Use
Multifamily LT 5
$822.2K
$719.4K – $959.3K
NOI $57,555 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$761.4K
$666.2K – $888.3K
NOI $53,296 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,709 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences offer updated finishes, private outdoor areas, and attached garages within a low-maintenance multifamily setting.
Where is this triplex located?
The property is located at 4121 Deemer Rd Bellingham, WA.
What is the asking price?
The asking price for this property is $1,769,000.
What are key features of this property?
This property features: Three residences on one parcel, with all three currently leased; Built in 2022 with 4,997 square feet of total property size; Each residence is approximately 1,650 square feet with 3 bedrooms and 2.5 bathrooms
