Map of Property

The Tens on 21st Street

For Sale

1011 21st Street, Bellingham, WA 98225

This Bellingham property for sale is located at 1011 21st Street. The current listed sale price for The Tens on 21st Street is $8,400,000. The Tens on 21st Street is situated on a lot that is 0.58 acre in size.

Contacts

broker
Cory Walken

Capstone Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 25,265 SF
  • Units 19
  • Lot Size 0.58 Acre
  • Parking Spaces Avail. 38
  • Year Built 1991
  • Year Renovated 2003
  • Date Updated Jun 16, 2025
Discover the vibrant neighborhood surrounding the Tens on 21st Street in Bellingham, WA, an area renowned for its eclectic mix of dining, entertainment, and outdoor recreational opportunities. Just moments from renowned local hotspots like Fairhaven Historic District, Boulevard Park, and the Bellingham Farmers Market, this location offers the perfect blend of urban convenience and natural beauty. Residents can easily explore the nearby trails, parks, and waterfront, while also enjoying easy access to a plethora of dining and shopping options in the thriving heart of Bellingham. The area's rich culture and thriving community make it an enticing location for those seeking an enriched living experience.Introducing a premier investment opportunity in the thriving Happy Valley area of Bellingham! This impressive multifamily property features 19 units, a mix of large 3 & 4 bedrooms, offering a substantial opportunity for income growth with historically low vacancy. Strategically located just three blocks from WWU campus, the property presents an enticing investment appeal with assumable debt at 3.1% for 3+ years. Prospective investors will appreciate the potential to boost income through revenue streams such as RUBS, coin-op laundry, and covered parking fees, while also benefiting from a desirable and spacious unit mix. Located just blocks to WWU, this property promises a lucrative and stable investment for the savvy investor.
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Highlights

  • 3.16% Assumable Debt Provides +5% Cash on Cash Return (Year 1)
  • Boost Income by 11.8% Year 1 by Implementing RUBS, Laundry and Parking
  • Desirable Large Unit Mix
  • Historically Low Vacancy
  • Two Blocks from WWU Campus
  • Well Maintained and in Excellent Condition

Getting around

  • 52/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 47/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bellingham, WA
  • Zip Code 98225

Points of Interest

  • Rideshare A

    4.29 miles

  • Rideshare B

    4.33 miles

  • ChargePoint

    0.70 miles

  • 76

    0.71 miles

  • BTC Power

    0.73 miles

  • FLO

    0.80 miles

  • Chevron

    0.81 miles

  • Arco

    0.85 miles

  • evcs

    0.99 miles

  • Sinclair

    1.17 miles

  • Mobil

    1.70 miles

  • Shell

    1.79 miles

  • WWU Lot 23V

    0.32 miles

  • WWU Lot C/CR

    0.35 miles

  • WWU Lot 18R

    0.39 miles

  • WWU Lot 12A

    0.48 miles

  • WWU Lot 20R

    0.59 miles

  • Sehome High School Parking

    0.61 miles

  • WWU Lot 19G

    0.65 miles

  • Sehome View Apartments Parking

    0.66 miles

  • WWU Lot 17G

    0.74 miles

  • Fairhaven Village Inn

    0.71 miles

  • Chrysalis Inn & Spa

    0.72 miles

  • Bellingham Lodge

    1.23 miles

  • Motel 6

    1.25 miles

  • Bay City Motor Inn

    1.31 miles

  • Coachman Inn

    1.33 miles

  • Days Inn

    1.33 miles

  • Four Points by Sheraton Bellingham Hotel & Conference Center

    1.73 miles

  • Hamlet Hotel

    1.77 miles

  • Hotel Leo

    1.83 miles

  • Haggen

    0.61 miles

  • Haggen Food & Pharmacy

    1.05 miles

  • Community Food Co-op

    1.76 miles

  • Fred Meyer

    1.82 miles

  • Whole Foods Market

    1.91 miles

  • Bay Street Village

    1.94 miles

  • Grocery Outlet

    2.10 miles

  • Harbor Center

    2.36 miles

  • Cornwall Corner Store

    2.63 miles

  • Trader Joe's

    2.93 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cory Walken

Capstone Commercial

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