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.
| MLS # | 2549238 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 120 |
| Listing Provided By | Windermere RE Whatcom, Inc. | Josh Shiflett |
| Zoning | Residential |
|---|---|
| Acreage | 8.55 |
| Property | 6697 |
|---|
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 895 Mount Baker | Deming |
| Community Name | Bellingham |
| Listing VS Median (in Bellingham) | |
Price: $2,300,000 low | high Med: $599,900 On site: 120 low | high Med: 84 | |
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 895 Mount Baker | Deming |
| Community Name | Bellingham |
| Listing VS Median (in Bellingham) | |
Price: $2,300,000 low | high Med: $599,900 On site: 120 low | high Med: 84 | |