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3330 Northwest Ave 20 Unit Apartment Building Offered at $4,400,000 at a 5.48% Cap Rate Bellingham, WA 98225
Executive Summary
Rare 20-plex in fantastic Bellingham location! 3330 Northwest Avenue features twenty 888 SF, 2-bedroom, 2-story townhouse-style units, each with private back patios & in-unit laundry. Continuous low-vacancy & promising future upside potential make this a fantastic investment opportunity. The property, comprised of two 4-plexes & two 6-plexes, backs up to the Bellingham Golf & Country Club, offering a desirable setting & strong tenant appeal. Situated on a spacious lot with 42 parking spaces & an additional ±15,000 SF of vacant land, there’s excellent potential for future expansion or additional units. A well-maintained and income-producing 20-plex in a prime location with upside—perfect for investors seeking long-term stability & growth.
Property Facts
| Price | $4,400,000 | Property Type | Multifamily |
| Price Per Unit | $220,000 | Building Size | 17,760 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.48% | Year Built | 1969 |
| No. Units | 20 |
| Price | $4,400,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 20 |
| Property Type | Multifamily |
| Building Size | 17,760 SF |
| No. Stories | 2 |
| Year Built | 1969 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 380213-246089-0000 | Improvements Assessment | $1,890,833 |
| Land Assessment | $824,418 | Total Assessment | $2,715,251 |
Property Taxes
Parcel Number
380213-246089-0000
Land Assessment
$824,418
Improvements Assessment
$1,890,833
Total Assessment
$2,715,251
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3330 Northwest Ave
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