About this home

Exceptional investment opportunity featuring a well-established storage complex with strong occupancy & consistent income history, currently offering a strong 7% cap rate, paired with a well-maintained single-family residence built in 2006. Existing county-recognized legacy non-conforming storage use. The property offers a total of 243 rentable units, including 159 indoor units & 84 outdoor spaces, with additional potential to increase unit count through reconfiguration. Situated on approximately 8.5 acres, the property provides ample room for expansion. The improvements have been well-maintained & updated over time. The on-site residence has also seen significant recent upgrades, including a new roof and exterior paint in 2025, along with substantial interior flooring updates completed in 2025–2026, making it ideal for an owner/operator or supplemental rental income. Strong tenant history, high occupancy levels, and ongoing capital improvements make this a turnkey asset for investors seeking both reliability and growth.

Exterior features

Cement/ConcreteMetal/Vinyl

Property details

Water source: Shares
Sewer: Septic Tank

Costs

Annual taxes: $6,697 (2026)

Estimate your monthly payment

$12,188/mo

Principal & interest: $11,630
Property taxes: $558

Down payment (20%) $460,000 Interest rate (%) Loan term (years)

Loan amount $1,840,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Bellingham, WA 98226

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE Whatcom, Inc.— Josh Shiflett.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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