Listed by Ronda Karn • RE/MAX Whatcom County, Inc.
For sale
$1,769,000
Est. $10,563/mo —
9
bd
•
9 ba
•
4,997
sq ft
4121 Deemer Rd, Bellingham, WA 98226
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About this home
Sophisticated newer construction offering three luxury residences on one parcel in a prime Bellingham location. Built in 2022, each beautifully designed residence offers approximately 1,650 square feet with 3 bedrooms, 2.5 bathrooms, and attached 2 car garages, creating the comfort and functionality of standalone homes with the convenience of low maintenance living. Thoughtfully finished with quartz countertops, air conditioning, spacious primary suites with en-suite baths, full size washer and dryer, air exchangers, and wired alarm systems. Private fenced grassy front areas provide additional outdoor enjoyment for each residence. All three residences are currently leased, providing immediate income and long term investment stability. Ideal for investors seeking newer construction, low maintenance ownership, and a property that offers a compelling alternative to traditional multifamily assets. Rare opportunity to own a high quality luxury multi residence property in one of Bellingham’s most desirable markets.
Meridian, located between Downtown Bellingham and the Cordata area, is a residential and commercial Bellingham neighborhood with big-box corridors and pockets of older side streets. The neighborhood’s energy concentrates around the Guide Meridian (WA-539) and W Bakerview Rd junction, where grocery plazas, casual eateries, and service storefronts line wide arterials. Retail anchors shape daily routines, while nearby greenbelts and small parks soften the built landscape. Housing ranges from mid-century ranch homes to newer subdivisions and apartment communities. Whatcom Falls Park and the Bay to Baker Trail add a nature-and-commute thread through the area. Community touchstones include the Pickford Film Center, Boundary Bay Brewery, and the Whatcom Museum downtown.
Provided by Walk Score and Local Logic
Offer insights
4121 Deemer Rd · $1,769,000
$1.75M and above
75% chance or better to win
Why $1.75M+ is a strong offer
SALE-TO-LIST
100.3%
Most homes are selling 0% above list price.
LIST PRICE
$1,769,000
Median list price in this area is $888,778. (50% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ductless heating and cooling with HEPA air filtration
Recirculation pump
Ceramic tile, engineered hardwood and vinyl plank flooring
Bedrooms
Three 3-bedroom units
Bathrooms
Each unit has 3 bathrooms
Kitchen
Each unit includes range/oven, refrigerator and dishwasher
Laundry & utility
Each unit includes washer and dryer
Flooring
Ceramic tile
Engineered hardwood
Vinyl plank
Heating & cooling
Ductless heating
Ductless cooling
HEPA air filtration
Recirculation pump
Exterior features
Partial fencing
Paved site
Electric car charging
High-speed internet available
Cement planked exterior
Has view
Home design
Triplex (residential income, multi-family)
Two stories
Very good condition
Parking
Six covered garage spaces
Six garage spaces total
Two uncovered parking spaces
Security
Partially fenced
Construction
Cement plank exterior
Composition roof
Poured concrete foundation
Utilities
Electric service
Sewer available
Financial info
Total monthly income reported: $8,995
Gross scheduled income: $107,940
Gross adjusted income: $95,314
Net operating income: $95,314
Total expenses: $12,626
Insurance expense: $3,139
Gross rent multiplier: 16.4
Listing terms include cash, conventional and VA loan
Other
Three total units
No units below grade
Vacancy rate reported at 1%
Calculated building area: 4,997 square feet
Unit sizes approximately 1,661 sq ft, 1,626 sq ft, 1,661 sq ft
Current actual rents reported: $3,050; $2,895; $3,050
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
Jan 24, 2023 • Final
Building multifamily residential
Construct a new three-unit townhome building.
New construction
Jan 3, 2023 • Final
Mechanical
Construct a new three-unit townhome building.
HVAC
New construction
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
3/10 Heat Factor
7 days above 85° expected this year, 17 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, 9 days in 30 years
Provided by First Street
Historical weather
Bellingham, WA • 98226
Average low and high temperatures (°F)
45
35
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34
51
39
59
42
65
48
70
52
75
56
76
58
70
54
57
45
49
41
47
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 6% for direct sun exposure in Bellingham. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4121 Deemer Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $521,000 and $900,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $521K to $900K.