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Listing Firm: Pacific Continental Realty LLC: KC Coonc

Bought With: Coldwell Banker Bain : Dean Ulrich

SOLD On January 4, 2021
NWMLS # 1712637

$3,317,885

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

3435 Redwood Avenue , Bellingham, WA 98225

Listings with the three tree icon are courtesy of NWMLS

About This Property

16 units located directly across from the new Alderwood Elementary School scheduled for completion in August of 2021. Owner managed, zero vacancy, with 11 of the 16 units on month to month leases to long term tenants. Lots of upside by bringing this property to market rents thru professional management. Townhouse style units with 14 of the 16 units recently updated. City of Bellingham is reviewing annexing the property into the City. Strong 6% cap stabilized with projected rents.

Buyer's Agent: Dean Ulrich • Coldwell Banker Bain

Listed by: KC Coonc • Pacific Continental Realty LLC

Aris360 Last Checked: 1 Minute Ago (Jun 01, 2025 03:15 PM)

  • Source: NWMLS as Distributed by MLS Grid #1712637

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Redwood
  • Zip/Postal Code: 98225
  • City: Bellingham

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Property Features

  • County
    • Bellingham
  • Community
    • 860 - Bellingham
  • MLS Area
    • 860 - Bellingham
  • Longitude
    • -122.525896
  • Latitude
    • 48.776768
  • Directions
    • From I-5 N, exit 258 toward Bellingham Int'l Airport. Turn left onto Airport Dr. Turn left onto Bennett Dr. Turn right onto Alderwood Ave. Take a slight left onto Redwood Ave. Property on left.

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 40
  • Elevation
    • Feet
  • Exterior
    • Metal/Vinyl
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres

    • 1

  • Building Total Area (Sq. Ft.)
    • 31799
  • Utilities
    • Sewer Connected,
    • Electric,

  • High School District
    • Bellingham

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2019
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $18799
  • Year Built
    • 1973
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jun 01 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 01, 2025 03:15 PM