Duplex with Bay
New
For Sale
$700,000
630 Blvd, Bellingham, WA 98225
Each residence has two bedrooms, one bathroom, and a dedicated carport space; one provides stair-free access at the main level.
Property Size2,060 SF
Price / SF$339.81
Days on Market7
Property Features for 630 Blvd
General Information
Standard status
Active
Size
2,060 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
ready for updating
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1975
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Joshua W Shiflett
(360) 739-1327
Source:
Findahomeseattle
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 11 at 6:55AM
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.
This 1975 duplex contains 2,060 square feet across two residences, each measuring 1,030 square feet with two bedrooms and one bathroom. Both units have views of Bellingham Bay and a dedicated carport parking space. One residence offers main-level access without stairs. The property is ready for updating.
The site is in Bellingham, near downtown and Fairhaven, with access to trails, shopping, dining, and Western Washington University. Completed plans for a second duplex are included; expansion to four units would require buyer verification and applicable approvals.
The site is in Bellingham, near downtown and Fairhaven, with access to trails, shopping, dining, and Western Washington University. Completed plans for a second duplex are included; expansion to four units would require buyer verification and applicable approvals.
Key Highlights
- Two 1,030‑square‑foot residences, totaling 2,060 square feet
- Each unit has 2 bedrooms, 1 bathroom, and a dedicated carport space
- Bellingham Bay views from both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,962
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,240
$479.2K
Cap Rate 7%
$342,314
$342.3K
Cap Rate 9%
$266,244
$266.2K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$35.8K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$34.2K $16.62/SF
− OpEx
−$10.3K −$4.99/SF
NOI
$24.0K $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%
$479,240
Cap Rate 7%
$342,314
Cap Rate 9%
$266,244
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$317.0K
$277.4K – $369.8K
NOI $22,189 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$486.0K
$425.2K – $567.0K
NOI $34,018 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,372
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 - Each residence has two bedrooms, one bathroom, and a dedicated carport space; one provides stair-free access at the main level.
Where is this duplex located?
The property is located at 630 Blvd Bellingham, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two 1,030‑square‑foot residences, totaling 2,060 square feet; Each unit has 2 bedrooms, 1 bathroom, and a dedicated carport space; Bellingham Bay views from both units
