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$995,000
2540094 MLS ⋅ ACTIVE Status
Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.

2701 Northwest Avenue, Bellingham

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

$899,000
2539221 MLS ⋅ ACTIVE Status
HAPPY VALLEY TRIPLEX with ADDITIONAL DEVELOPMENT POTENTIAL! Premium location and a massive 7500 square foot lot make this truly an exceptional opportunity. Nestled between Wilson Ave. and Cowgill Ave. with access off both parallel streets. From Wilson, you have two apartments each with a one-car attached garage. The units feature 2 bedrooms, 1 full bath, open kitchen / living room layout, spacious bedrooms, closets off the hall and in-bathroom, and a slider out to a deck to BBQ or lounge in the beautiful PNW weather. Each unit also has a full size washer/dryer in their extra deep 1-car attached garages. Both units have 1 year leases recently re-signed at $1750 and $1850/mo. On the backside of the property, accessed from Cowgill Ave, you have an oversized 1008 sq. ft. studio apartment with a full kitchen, full size washer/dryer, massive living room and extra-large sleeping / storage / lounge space. The extra large parking area / yard accessed off Cowgill Ave. has the potential to hold additional units (Buyer to verify with COB), giving this property considerable upside opportunity in the years ahead. In the attendance areas of Lowell Elementary, Fairhaven Middle School and Sehome High School. Blocks to Fairhaven Village and its countless shops, restaurants, parks and entertainment. Continue collecting rents, or plan to house-hack while South Side real estate prices continue their steady climb.

1810 Wilson Avenue, Bellingham

Listing courtesy of COMPASS.

$1,799,000
2533662 MLS ⋅ ACTIVE Status
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.

4121 Deemer Road, Bellingham

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

$1,000,000
2528138 MLS ⋅ ACTIVE Status
Charming 1928 Tudor in the highly desirable Columbia neighborhood. This character-filled property is currently operated as a 3-unit investment, offering flexible living options and strong rental potential. Thoughtful layouts in each unit maximize space while preserving the home’s classic Tudor lines, vintage details, and timeless curb appeal.With 5 bedrooms and 3 full baths, the property blends historic charm with functional living that appeals to both long-term tenants and owner-occupants. Ideal opportunity to live in one unit and rent the other two for income or reduced housing costs.Located in one of Bellingham’s most sought-after neighborhoods, residents enjoy close proximity to downtown, parks, schools, shopping, dining, and everyday amenities. Consistently high rental demand and a prime location make this a standout investment with long-term upside.A rare chance to own a piece of Columbia history while generating reliable income.

2909 Walnut Street, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$1,295,000
2511326 MLS ⋅ ACTIVE Status
A home from 1910 with an effective year built of 2026. The entire property was taken down to its original clear cedar framing and thoughtfully rebuilt by a highly reputable Bellingham contractor and licensed subcontractors, with 2026 building codes. New electrical, plumbing, HVAC, insulation, windows, fire-rated assemblies, kitchens, bathrooms and systems throughout, while the warmth and character of the original home were intentionally preserved. A rare opportunity to own a fully renovated and fully rented triplex in one of Bellingham’s most beloved downtown neighborhoods. Located just blocks from the courthouse, professional offices, downtown amenities and PeaceHealth St. Joseph Medical Center, this property offers connection, convenience and strong rental potential. The approximately 1,500-square-foot main-floor unit features two bedrooms, an office and generous living and dining spaces. It is currently rented and set up as a short-term or midterm rental. The two upper one-bedroom units are approximately 700 square feet each and currently rented for $2,200 and $2,300 per month. Each unit includes its own hot water heater and in-unit washer and dryer. Shared basement storage and off-street parking add to the functionality. Fully permitted and truly turnkey, this is more than an investment. It is a chance to own a piece of Bellingham history, thoughtfully brought forward for the way we live today.

2106 Young Street, Bellingham

Listing courtesy of Real Broker LLC.

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