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About this home
Two rental homes on one property offer an incredible opportunity just blocks from Western Washington University. The first home is newer and the second has been completely renovated with modern upgrades. One home features four bedrooms and one bathroom, and the other offers three bedrooms and one bathroom. Both homes include quartz counters, LVP flooring, stainless appliances, and beautiful contemporary finishes. This is an ideal setup for strong rental income, multi generational living, or an owner occupied investment with additional cash flow. Outstanding location close to Western, shopping, parks, and public transit. A true turnkey investment in the heart of Bellingham.
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Around this home
Schools
K - 12
Preschool & daycare
Lowell Elementary School
Public PreK-5 • Assigned • 1.4mi
8/10
Fairhaven Middle School
Public 6-8 • Assigned • 2.2mi
8/10
Sehome High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
About
Sehome
Sehome, located between Western Washington University and Lake Padden, is a hillside and campus-adjacent Bellingham neighborhood with forested trails and a mix of mid-century apartments and older homes. The neighborhood’s character concentrates around the 21st Street and Harris Avenue corridor, where coffee counters, small eateries, and student staples keep the sidewalks active. Western Washington University anchors daily rhythms with galleries, lectures, and game days. Sehome Hill Arboretum threads quiet paths through big evergreens and viewpoints above town. Historic brick and wood-frame houses sit on steep streets, while newer infill clusters near transit lines. A short climb links to trailheads, parks, and the South Bay Trail toward the waterfront.
Provided by Walk Score and Local Logic
Offer insights
618 E Myrtle St · $1,100,000
$1.09M and above
75% chance or better to win
Why $1.09M+ is a strong offer
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
LIST PRICE
$1,100,000
Median list price in this area is $738,310. (33% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Carpet flooring
Bedrooms
One unit with 4 bedrooms
One unit with 3 bedrooms
Bathrooms
Each unit has 1 bathroom
Kitchen
Both units include a range/oven, refrigerator and dishwasher
Laundry & utility
Natural gas energy source
Poured concrete foundation
Flooring
Carpet
Heating & cooling
Stove/free-standing heating
No cooling
Exterior features
Wood products exterior
Paved lot
Home design
Duplex (residential income, multi-family)
Two-story building
Good condition
Parking
Two uncovered parking spaces
Construction
Wood construction
Composition roof
Poured concrete foundation
Built on a 0.11-acre lot
Utilities
Public water (COB)
Sewer connected (COB)
Power provided by PSE
Financial info
Listing terms: Cash or Conventional
Gross scheduled income: $76,200
Gross adjusted income: $75,438
Total monthly income: $6,350
Net operating income: $66,623
Total expenses: $8,814.97
Insurance expense: $1,891
Gross rent multiplier: 15.91
Actual rents: Unit 616 $2,850; Unit 618 $3,400
Other
Two total units in the building
No units below grade
Vacancy rate reported as 1%
Public directions: Please use GPS
Electricity and solar
View estimated energy costs and solar savings for this home
The residential multi RM general use type is primarily intended to accommodate the highest concentrations of people within the city and to preclude the development of residential multi zoned properties at densities below the prescribed minimum densities. The regulations found within this chapter are intended to provide a framework for a desirable living environment for the people living within and adjacent to areas designated RM.; The standard regulations within this section are intended to achieve a minimum acceptable level of adequacy for a livable environment. The optional regulations are available for use by the innovative designer or builder to create opportunities for design and site flexibility, while maintaining or surpassing the adequate living environment that the standard regulations would produce.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Recreation
Communications tower
Housing-Mobile home park
Park & open space
Mar 10, 2015 • Final
Utilities repair
Replace the water service line from the water meter to the house.
Plumbing
Water heater
Nov 14, 2014 • Final
Existing single family or duplex
Perform interior residential work including framing, installing new insulation, and plumbing.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
6 days above 84° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Bellingham, WA • 98225
Average low and high temperatures (°F)
46
36
46
36
51
41
58
43
64
49
69
54
74
58
76
60
70
56
57
46
50
42
48
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
55/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
0 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for 618 E Myrtle St
$1,051,773
$48K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $463K to $1.4M.