Map of Property

The Tens on 21st Street

1011 21st Street, Bellingham, WA 98225

  • For Sale $8,400,000
  • 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 11, 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Contacts

broker
Cory Walken

Capstone Commercial

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Transit Score ®

    41/100 Some Transit

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Super Duper Teriyaki

    0.22 miles

  • Fairhaven Dining Hall

    0.51 miles

  • Maikham

    0.57 miles

  • Fujisan Sushi

    0.59 miles

  • The Filling Station

    0.60 miles

  • The Black Cat

    0.60 miles

  • Mambo Italiano

    0.61 miles

  • El Agave

    0.62 miles

  • Dirty Dan Harris'

    0.64 miles

  • Fairhaven Poke

    0.64 miles

  • Happy Valley Elementary School

    0.27 miles

  • Larrabee Elementary School

    0.36 miles

  • Lowell Elementary School

    0.43 miles

  • Cascades Montessori Middle School

    0.49 miles

  • Sehome High School

    0.50 miles

  • Western Washington University

    0.77 miles

  • Fairhaven Middle School

    0.86 miles

  • Carl Cozier Elementary School

    2.00 miles

  • Explorations Academy

    2.17 miles

  • Wade King Elementary

    2.23 miles

  • Blue Heron Montessori School

    0.17 miles

  • Little Darlings

    3.11 miles

  • Kinder Care Learning Center

    3.41 miles

  • A Step Ahead Bilingual Learning Center

    3.81 miles

  • Barkley YMCA Child Development Center

    4.12 miles

  • Kelly Hall

    5.05 miles

  • Early Childhood Development Center

    7.80 miles

Frequently Asked Questions

How much does The Tens on 21st Street cost?

The space currently listed for sale at The Tens on 21st Street asks for $8,400,000.

What is the total square footage of The Tens on 21st Street?

The Tens on 21st Street totals 25,265 square feet.

When was this property built?

The Tens on 21st Street was built in 1991.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Cory Walken

Capstone Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.