Well-positioned 8-unit apartment building in Bellingham’s high-demand student housing market. Located just one mile from the heart of Western Washington University, on a quiet dead-end street adjacent to Lowell Park, students can utilize nearby trails as a shortcut to campus, enhancing the property’s appeal. On-site covered parking also adds convenience for tenants. There is upside potential to increase rental income, positioning the property for a near 6% capitalization rate upon stabilization. This “diamond in the rough” presents a compelling opportunity for investors seeking to capitalize on Bellingham’s thriving student housing market.
Sold
Listed by:
Troy C. Muljat,
Muljat Group
Bought with: COMPASS
$1,900,000
800 20th Street, Bellingham, WA 98225
13beds
8baths
6,240sqft
Multi Family
Built in 1980
-- sqft lot
$1,926,300 Zestimate®
$304/sqft
$2,014 Estimated rent
Home value
$1,926,300
$1.75M - $2.10M
$2,014/mo
Zestimate® history
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$11,174/mo
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Zillow last checked: 7 hours ago
Listing updated: December 21, 2025 at 04:03am
Offers reviewed: Nov 03
Listed by:
Troy C. Muljat,
Muljat Group
Bought with:
Galen Hirss, 111047
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2448112
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 8
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,240
- Total interior livable area: 6,240 sqft
Property
Parking
- Total spaces: 10
- Carport spaces: 10
Lot
- Size: 0.28 Acres
- Features: Dead End Street, Paved
Details
- Parcel number: 370201425361
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1980
- Major remodel year: 1980
Utilities & green energy
- Sewer: Available, Sewer Connected
Community & neighborhood
Location
- Region: Bellingham
- Subdivision: Happy Valley
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 99 days
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $1,900,000+2.7%$304/sqft |
Source:  NWMLS as distributed by MLS GRID #2448112 Report a problem | ||
| 10/31/2025 | Pending sale | $1,850,000$296/sqft |
Source: NWMLS as distributed by MLS GRID #2448112 Report a problem | ||
| 10/23/2025 | Listed for sale | $1,850,000$296/sqft |
Source: NWMLS as distributed by MLS GRID #2448112 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Happy Valley
Nearby schools
GreatSchools rating
- 7/10Lowell Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 9/10Fairhaven Middle SchoolGrades: 6-8Distance: 1 mi
- 9/10Sehome High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Lowell Elem
- Middle: Fairhaven Mid
- High: Sehome High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Whatcom County
- Bellingham
- 98225
- Happy Valley
- 800 20th Street