Ryan Martin & KC Coonc
Windermere Real Estate/Whatcom, Inc.

Bellingham WA Apartment Vacancy Rate 1.01%

The current vacancy rates for apartment buildings in Whatcom County is 1.01%. This number is very consistent with what I have been hearing from other property managers and apartment owners in Bellingham. Keep in mind, that 1.8% includes all of Whatcom County. This means that the vacancy rate for highly desirable locations such as WWU campus are much lower than 1.01%. It seems that the low vacancy rate will likely result in higher rental rates as the spring leasing frenzy begins for next August.
WWU Apartments Bellingham WA - 5% CAP - $18,430,000
Call KC 360-296-7365 - Download PDF Listing Package

66 unit garden walk-up with a total of 186 beds adjacent to Western Washington University Campus in Bellingham, WA. First time on market, 6 buildings constructed between 2001 and 2004 with 11 units in each building. Four 4 bedrooms, two 3 bedrooms, Four 2 bedrooms, and one 1 bedroom mix in each building. A premium location always pre-leased months in advance of yearly turn. Each unit includes washer/dryer with all units pre-leased through Aug, 2018.

6% CAP - 47 Units - E Bakerview - Bellingham - $5,290,000
Call KC 360-296-7365 - Download PDF Listing Package

New 6% Cap - 47 MF building on E Bakerview. Scheduled for completion August 2017, in time for you to complete your 1031 Exchange. The building has 40 studio apartments and 7 ground floor micro office suites. Each studio unit features a HVAC, W/D, dishwasher, & 30 gal hot water tank. The framing is nearly competed and the appraisal proforma shows a conservative 6% cap rate. The timing is right on this new Bellingham apartment building.

Bellingham Apartment Buildings for Sale

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For Sale
Primary Listing Image for MLS#: 585303
 
CBA ID: 585303
2516 2536 Douglas Ave Bellingham, WA 98225
Property Type:
Multi-Family - For Sale
Year Built:
2001
Available
Listing Courtesy CBA
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Listed by: Windermere - Whatcom Co.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 584945
 
CBA ID: 584945
194 E Bakerview Rd Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
2017
Available
Listing Courtesy CBA
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Listed by: Windermere - Whatcom Co.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 585496
 
CBA ID: 585496
4602 4620 Tremont Ave Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
2016
Available
Listing Courtesy CBA
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Listed by: Windermere - Whatcom Co.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 578729
 
CBA ID: 578729
4175 Aurora Lp Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
2011
Available
Listing Courtesy CBA
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Listed by: Windermere - Whatcom Co.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 584702
 
CBA ID: 584702
1205 Euclid Ave Bellingham, WA 98229
Property Type:
Multi-Family - For Sale
Year Built:
1974
Available
Listing Courtesy CBA
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Listed by: Sterling Real Estate Group
Listing Courtesy: CBA
Primary Listing Image for MLS#: 587342
 
CBA ID: 587342
2705 Moore St Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
1990
Available
Listing Courtesy CBA
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Listed by: Muljat Group Inc.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 587343
 
CBA ID: 587343
2709 Moore St Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
1990
Available
Listing Courtesy CBA
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Listed by: Muljat Group Inc.
Listing Courtesy: CBA
Primary Listing Image for MLS#: 585338
 
CBA ID: 585338
619 E Myrtle St Bellingham, WA 98225
Property Type:
Multi-Family - For Sale
Year Built:
1935
Available
Listing Courtesy CBA
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Listed by: Coldwell Banker Bain-Bellingha
Listing Courtesy: CBA
Primary Listing Image for MLS#: 585339
 
CBA ID: 585339
616 N State St Bellingham, WA 98225
Property Type:
Multi-Family - For Sale
Year Built:
1915
Available
Listing Courtesy CBA
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Listed by: Coldwell Banker Bain-Bellingha
Listing Courtesy: CBA
Primary Listing Image for MLS#: 585074
 
CBA ID: 585074
2818 Yew Street Rd Bellingham, WA 98226
Property Type:
Multi-Family - For Sale
Year Built:
1969
Available
Listing Courtesy CBA
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Listed by: Keller Williams Western Realty
Listing Courtesy: CBA

Properties with the CBA logo are listed by the Commercial Brokers Association

Information is based on data available to the associate, including county records. The information has not been verified by the associate and should be verified by the buyer.

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