The Glencairn Apartments were constructed in 1915 in Bellingham’s downtown commercial core in Bellingham’s designated Opportunity Zone. This 21 unit historical building recently underwent many capital improvements with major plumbing and electrical upgrades yet leaving the vintage look with claw foot tubs and cabinets. The property includes on-site parking which is rare for the location. Leases are well below market rents and should easily be able to perform at a 7% cap with minor improvements.
Current Location
