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$1,400,000
2549759 MLS ⋅ ACTIVE Status
Beach access right across the street! This rare Birch Bay property comes with something even better — the seller is open to creative financing and would love to make a deal work for the right buyer. Terms as low as 3% may be possible. All the units have been beautifully updated with electric fireplaces in each to warm up on those cozy evenings after long days of beach and sun. You’ve got a spacious 2 bed / 2 bath that would make a perfect owner suite or strong rental, plus three 1 bed / 1 bath units and a potential studio. Terrill Creek runs along the back, and public beach access is literally steps away. Don't forget to ask about the possible 5th unit. Spend your days beachcombing, grabbing ice cream, or hiking the state park. Bring your catch back to the fish cleaning station, fire up the community BBQ, and enjoy it on one of the two patios. There’s plenty of parking, including RV hookups, plus fruit trees and shared laundry. This one truly offers endless possibilities — whether it’s your personal home, a VRBO, long-term rentals, or any mix of both. Flexible, creative financing makes it even sweeter AND YES VRBO IS ALLOWED

7456 Birch Bay Drive, Blaine

Listing courtesy of Windermere RE Whatcom, Inc..

$850,000
2544489 MLS ⋅ ACTIVE Status
Great owner-occupant or investment opportunity! This fourplex offers four 2-bedroom, 1-bathroom units, each with a large private backyard and two parking spaces. One unit is vacant and ready for renovation. This is a great chance for jumping into the rental market while living on the property with rental income from the other three units helping to pay the mortgage. Conveniently located within walking distance of Sumas Elementary, Edaleens Ice Cream, the grocery store just around the corner. A great chance to own an income-producing property with occupancy available.

124 Mitchell Street, Sumas

Listing courtesy of Roma Management LLC.

$1,200,000
2529059 MLS ⋅ ACTIVE Status
Investor opportunity! If you're looking for a place to put your 1031 exchange money look no further! This fourplex featuring four 2-bedroom, 1-bath units with strong upside potential. 2705 & 2709 have been updated, while 2701 & 2703 offer an opportunity for improvements and added value. Current rents are below market, providing excellent potential for future rental increases and improved cash flow. Tenants are month to month. All units include a washer and dryer, 2701-2703 (stack units), 2705-2709 (full size) Each building has a submeter installed to track each tenants water use so you can charge the tenant for their share of the water and sewer bill.

2701 Texas (2701-2709) Street, Bellingham

Listing courtesy of Lakeside Realty, Inc..

$889,000
2535257 MLS ⋅ ACTIVE Status
Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!

2340 Main Street, Ferndale

Listing courtesy of Terrafin.

$915,000
2532842 MLS ⋅ ACTIVE Status
Exceptional investment opportunity located in Bellingham's waterfront Old Town District and the highly sought-after Lettered Streets neighborhood. This well-maintained fourplex features four 1-bedroom, 1-bath units, each offering views of Bellingham Bay. Ideally situated near downtown Bellingham, Western Washington University, the waterfront, shopping, dining, parks, and public transportation, this property benefits from strong rental demand and a highly convenient location. Features include a newer roof, a dedicated on-site parking lot with ample off-street parking, a community laundry room for tenant convenience, and a dedicated storage locker for each unit. Consistent occupancy and potential for future income growth through rent adjustments offer investors an opportunity to enhance returns over time. Multifamily opportunities in this location are rarely available. Combining bay views, walkability to the waterfront redevelopment district, and proximity to major employment, education, and recreation hubs, this property offers an attractive blend of stability and upside potential. Whether you're looking to expand an existing portfolio or acquire a quality multifamily asset in one of Bellingham's most desirable neighborhoods, this fourplex presents a compelling investment opportunity.

1408 G Street, Bellingham

Listing courtesy of Bellwether Real Estate.

$1,550,000
2525364 MLS ⋅ ACTIVE Status
This presale 4-unit property at The Ridge offers a versatile opportunity for investors and owner-occupants alike, combining strong rental potential with modern design and a desirable location. Each residence features its own private single-car garage and a thoughtfully designed floor plan that places the main living, kitchen, dining area, and powder room on the second level, creating a bright and open living space. The kitchens are finished with quartz countertops and complemented by durable luxury vinyl plank flooring throughout the main living areas for both style and functionality. Each unit includes a spacious primary suite with a walk-in closet and private ensuite bath, along with two additional bedrooms and a full bathroom + 1/2 bath, providing flexible living arrangements. This property is well-suited for a variety of income strategies, whether expanding a rental portfolio or living in one unit while leasing the others. Located approximately 25 minutes from Bellingham, The Ridge is a pet-friendly community with walking trails throughout, offering a neighborhood feel while remaining convenient to daily amenities. Nearby attractions include local dining, the Blaine Marina, and quick access to I-5 and the Canadian border, making it an excellent option for commuters.

2290 SWEET GUM LOOP, Blaine

Listing courtesy of Doug Freeman Real Estate.

$1,199,000
2494729 MLS ⋅ ACTIVE Status
Well-maintained 4-plex in a prime location within walking distance to Western Washington University. A rare opportunity for investors to secure a consistently rented property in a high-demand area. Each unit features a 2 bed / 1 bath layout with in-unit stack washer and dryer, great natural light, and private deck space—amenities tenants love. Recent updates include new LVP flooring, fresh interior and exterior paint, and new water heaters, providing a clean, modern feel and added peace of mind for future ownership. Originally built as a four-plex, the design offers comfortable separation and privacy for residents. The property also includes carports, additional off-street parking, and a nicely sized yard with clean, low-maintenance landscaping that adds curb appeal. Located in a quiet neighborhood with a trail at the end of the street leading to the arboretum, offering easy access to nature while still being close to campus. Strong rental history and excellent location make this a standout investment opportunity. Add a reliable, income-producing property to your portfolio—opportunities like this near Western don’t last long.

800 E Maple Street, Bellingham

Listing courtesy of COMPASS.

$879,000
2477921 MLS ⋅ ACTIVE Status
Best Value 4-Plex in Ferndale - $879,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & RENTED unit already completed (Unit 1), the path to increased income is demonstrated —not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, interior cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.

5660 Eagle Place, Ferndale

Listing courtesy of RE/MAX Whatcom County, Inc..

$1,575,000
2469369 MLS ⋅ ACTIVE Status
This presale 4-plex at The Ridge presents a rare opportunity for both investors and owner-occupants seeking flexibility, location, and long-term value. Each unit includes a private single-car garage and a well-designed layout with the main living, dining, kitchen, and powder room located on the second level, creating an open and light-filled living space. Kitchens feature quartz countertops and durable luxury vinyl plank flooring throughout the main living areas. Each unit offers a primary bedroom with a walk-in closet and an ensuite bath, along with two additional guest bedrooms and a full bathroom, providing comfortable and functional living. Whether expanding an existing investment portfolio or choosing to owner-occupy one unit while renting the others, this property offers multiple income strategies. Located approximately 25 minutes from Bellingham, The Ridge is a dog-friendly community with walking paths woven throughout, offering a neighborhood feel while remaining close to everyday conveniences. Enjoy nearby dining, the Blaine Marina, and easy access to I-5 and the Canadian border, making this an ideal location for commuters and travelers alike. Preferred lender incentives are available, including a 1% lender credit plus a $5,000 seller credit.

2966 Sweet Gum Loop, Blaine

Listing courtesy of Windermere RE Whatcom, Inc..

$1,099,000
2449566 MLS ⋅ ACTIVE Status
Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for investors seeking steady returns and long-term upside. Current rents are below market, creating immediate value-add potential with rent adjustments or upgrades. Whether you’re entering the investment market or expanding your portfolio, this property offers solid cash flow today and room to grow tomorrow. Buyer to verify development potential.

2312 Orleans Street, Bellingham

Listing courtesy of Keller Williams Western Realty.

$1,000,000
2256754 MLS ⋅ ACTIVE Status
MAJOR PRICE REDUCTION. MOTIVATED SELLER HAS REDUCED THE PRICE AGAIN. Birch Bay living year round. Updated 4-plex located one block off Birch Bay Drive. Three 2 bedroom units and 1 one bedroom unit. All units were remodeled in 2021. Parking lot resurfaced in 2024. Laundry room on site equipped with stack washer/dryer. VA Loan 2.75% interest rate can be assumed by a non-veteran. Balance owing is $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.

7687 Francis Lane Unit #1-4, Blaine

Listing courtesy of RJR Real Estate Inc..

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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