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34218273
34218260

201 TULL CT, BELLINGHAM, WA 98226-7144 For Sale

TM
WA B12742
Muljat Group Commercial
Listed by Muljat Group Commercial
$10,995,000
11 days on market
Updated 11 days ago

Bellingham Townhomes near Whatcom Community College

Details
APN 55474
Property Type Multifamily
Square Footage 30,104
Net Rentable (SqFt) 30,104
Units 32
Occupancy 93.8%
Tenancy Multi
Pro-Forma Cap Rate 5.53%
Pro-Forma NOI $608,373
Price per SqFt $365
Class A
Year Built 2021
Buildings 5
Lot Size (SqFt) 106,478
Zoning RM
Parking Spaces 49 spaces
Parking per 1,000 SqFt 1.63
Investment Type Stabilized
Sale Condition N/A

Bellingham Townhomes near Whatcom Community College

Marketing description

Recently built and beautifully designed Tull Court Townhomes in Northern Bellingham! Townhomes are located just off Meridian Street in a private cul-de-sac, which gives this property a rural feel within city limits. The property is in close proximity to major shopping centers, Whatcom Community College, and just over one mile from I-5 access. The 32-units are a mix of primarily 2-bed/1.5-bath and some 3-bed/2.5-bath. Units feature fully equipped kitchens, in-unit washer/dryer, and high-end finishes.

Investment highlights

Newer Construction, Turnkey Condition — Built in 2021 with high-end finishes, fully equipped kitchens, and in-unit washer/dryer in every unit.

Infill Location with Built-In Demand Drivers — Just over a mile to I-5, walking distance to Whatcom Community College, and adjacent to a major retail corridor.

Rare Low-Density Setting for the Submarket — Private cul-de-sac location gives tenants a quiet, "rural feel within city limits" that's uncommon among Bellingham's infill multifamily supply.

Favorable, Diversified Unit Mix — Townhome-style units draw from a wide renter pool: students, young professionals, and small families alike.

Expense-Efficient Structure with Income Upside — Tenant-paid utilities insulate ownership from utility cost inflation, while parking and pet income add revenue on top of base rent.

Listing Contacts

TM
WA B12742
Muljat Group Commercial
Listed by Muljat Group Commercial

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