MLS #2553317 / Listing provided by NWMLS & John L. Scott, Inc.
$2,250,000
201 N Commercial Street
Bellingham,
WA
98225
Sq Ft
Per Sq Ft
Year Built
Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as “the leading fashionable apartment house in the city and the most modern.” Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that’s been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 0
- Total Uncovered Parking Spaces: 0
Structure
- Roof: Torch Down
- Exterior Features: Wood, Wood Products
Lot Details
- Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
- Acres: 0.15
Schools
- High School District: Bellingham
Lot Details
- Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
- Acres: 0.15
Power
- Energy Source: Electric, Natural Gas
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: Bellingham
- Sewer: Sewer Connected
- Water Company: Bellingham
- Water Source: Public
- Water, Sewer, and Garbage: 13283
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