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2303 Taylor Ave
Bellingham, WA 98225
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Mix of studio & 1-bedroom units
- Close to Western Washington University, downtown, & local amenities
- Off-street parking
Executive Summary
Well-located 20-unit multifamily asset in the highly desirable Western Washington University neighborhood—one of Bellingham’s strongest and most consistent rental markets. The property features a desirable mix of studio and one-bedroom units, off-street parking, and a strong rental history. Sustained demand driven by proximity to Western Washington University, downtown, and local amenities. An attractive long-term investment opportunity and easy addition to any portfolio!
Property Facts Under Contract
| Price Per Unit | $239,234 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.39% | Lot Size | 0.48 AC |
| Gross Rent Multiplier | 12.2 | Building Size | 9,280 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | ||
| Zoning | RM1.0 | ||
| Price Per Unit | $239,234 CAD |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 12.2 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 9,280 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Zoning | RM1.0 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,675 CAD | 525 |
| Studios | 12 | $1,606 CAD | 350 |
Property Taxes
| Parcel Number | 370201-540344-0000 | Improvements Assessment | $2,581,409 CAD |
| Land Assessment | $2,202,788 CAD | Total Assessment | $4,784,197 CAD |
Property Taxes
Parcel Number
370201-540344-0000
Land Assessment
$2,202,788 CAD
Improvements Assessment
$2,581,409 CAD
Total Assessment
$4,784,197 CAD
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