1401 Lakeway Drive

Bellingham, WA 98229

$735,800
Price
4
Beds
2
Baths
1,614 Sq. Ft.
$456 / Sq. Ft.
1,614
Sq. Ft.
$456
per Sq. Ft.

Description

Don't miss this beautifully-upgraded duplex w/ long & short term rental options, 2-car garage, shed, ample off-street parking, rooftop deck, & more! Upper Unit (A) boast plush carpeting in the spacious living room w/ cozy gas fireplace & ample natural light. Good-size kitchen w/ updated granite counters & tile backsplash, 2 spacious bedrooms, full bath w/ modern flooring, private yard w/ deck & firepit area. Lower Unit (B) features a fully-furnished layout w/ new fridge, private yard, lovely vinyl...Don't miss this beautifully-upgraded duplex w/ long & short term rental options, 2-car garage, shed, ample off-street parking, rooftop deck, & more! Upper Unit (A) boast plush carpeting in the spacious living room w/ cozy gas fireplace & ample natural light. Good-size kitchen w/ updated granite counters & tile backsplash, 2 spacious bedrooms, full bath w/ modern flooring, private yard w/ deck & firepit area. Lower Unit (B) features a fully-furnished layout w/ new fridge, private yard, lovely vinyl flooring, 2 bedrooms, full bath, & rented $1850/month, w/ interest to renew lease. Storage shed w/ income potential (current rent $100/month), parking pad, great location near amenities, easy access to commuter routes.
  1. Listed by Jamie Edwards • Redfin

Property Details for 1401 Lakeway Drive

Community Name
Puget
School District
Bellingham
View
Mountain(s), Territorial
Number of Assigned Spaces
8
Total Covered Parking
2
Entry Date
06-05-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Redfin
Add your commute
LISTING UPDATED: 06/20/2024 12:39 PM

Property Details for 1401 Lakeway Drive

StatusActive
MLS #2246637
Days on Market21
Cumulative Days on Market21
Taxes$5,120 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 6,098 SF
CountyWhatcom County

Location

Listing Courtesy of Redfin
Add your commute

Virtual Tour

Building Information for 1401 Lakeway Drive

Stories2Residences2Year Built1922Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$4,442 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,016

Property Taxes

$427

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1401 Lakeway Drive

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck, Dog Run, Electric Car Charging, Fenced-Fully, High Speed Internet, Outbuildings, Rooftop Deck, RV Parking, Shop
  • Area: 860 - Bellingham
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: Exit 253 from I-5 N. Left on Lakeway Drive, .4 miles. Property will be on the left.
  • Leased Items: Furnace/Burner,Washer/Dryer,Water Tank
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Laminate, See Remarks, Vinyl, Carpet
  • Features: Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Amenities: Storage
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump, Insert
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 120
  • Power Company: Puget Sound Energy
  • Sewer Company: City Of Bellingham
  • Water Company: City Of Bellingham
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist - Buyer to verify
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: Realist - Buyer to verify
  • Parcel Number Free Text: 3803321865240000
  • Building Condition: Good
  • Calculated Square Footage: 1614
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1614.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $150
  • Total Expenses: 6634
  • Gross Adjusted Income: 46960
  • Gross Rent Multiplier: 14.4
  • Gross Scheduled Income: $52,080
  • Insurance Expense: $1,194
  • Net Operating Income: $40,326
  • Other Expenses: $50
  • Total Monthly Income: 4340
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 800
  • Rent Unit 1: $2,390.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 800
  • Rent Unit 2: $1,850.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1614.0
  • Leasable Area Units: Square Feet

Property History for 1401 Lakeway Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 Lakeway Drive

Taxable ValueLand$327,624Additions$233,081Total$560,705
Tax Record2021$3,904 ($325 / month)
Home Facts
Baths2Total Finished SqFt1,600 SqFtAbove Ground SqFt800 SqFtFinished Basement SqFt800 SqFtStories1StyleDuplexYear Built1922ZoningRM1.5CountyWHATCOMAPN380332 186524 0000Fireplace TypeHas Fireplace

Schools near 1401 Lakeway Drive

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 2 to 9
Rating
School
Distance
Carl Cozier Elementary School
PublicPK to 5

Kulshan Middle School
Public6 to 8

Sehome High School
Public9 to 12

Whatcom Discovery
Public2 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1401 Lakeway Drive is a multi-family home for sale in Bellingham, WA 98229. This property was listed for sale on June 5, 2024 by Redfin, it's currently listed at $735,800. It has been on the market for a total of 21 days and was last sold on August 3, 2020. This listing's school district is Bellingham Public Schools. Nearby schools include Carl Cozier Elementary School, Kulshan Middle School and Sehome High School. 1401 Lakeway Drive is a 4-bed, 2-bath, 1,614 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.