Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Chris Edwards
Rare Multi-Home Investment Opportunity in Birchwood. Exceptional opportunity to acquire a four-home investment property just outside city limits on a quiet residential street in the desirable Birchwood neighborhood. Zoned URMX in Whatcom County, this property offers strong long-term holding value with meaningful redevelopment and rent-growth potential. The homes have historically been rented to long-term, respectful tenants, providing consistent occupancy. With turnover, the properties will benefit from targeted upgrades—presenting a clear value-add opportunity and upside through rent normalization. Seller financing may be available with 50% down and credit verification, creating additional flexibility for qualified buyers. Please note: No signage or lockboxes. Do not disturb tenants without a scheduled tour. Photos are from prior years. A compelling opportunity for investors seeking steady income today with significant upside over time.
Courtesy: ONE Realty
360-836-0477
James Heintz
Exceptional opportunity to own 9 stick-built homes in the desirable Puget neighborhood. Three separate parcels, each featuring three residences, a 1,500 sf main home with 5 bedrooms & 3 baths plus two additional homes - one 1,000 sq ft home that has 2+ bedrooms and 2 full baths and another 1,000 sq ft home that is 2 baths & 1.5 bathrooms. Each home offers LVP flooring, painted kitchen cabinets with soft-close cabinet doors and drawers, stainless steel appliances, quartz countertops, tile backsplash. Energy Star ductless heating w/mini-split and central a/c and high efficient tank type hybrid electric water heaters. Each 8,000+ sq ft lot and will be fully fenced. These 9 homes total in 27 beds, 19.5 baths and each unit has dedicated parking
Courtesy: Hammer Properties NW Inc.
360-756-6500
Nicole Quinn
Prime investor opportunity in Downtown Bellingham’s Urban Village. This 3-year-old, 13-unit building offers modern construction, low operating costs, and strong tenant demand in a highly walkable core location. Units feature contemporary finishes and efficient systems designed for long-term durability. Units have full appliance suite: range, fridge, dishwasher, washer+dryer. Ten parking spaces can be rented separately. There is a bike storage room and a bus stop out front. Five years remain on the Multi-Family Tax Exemption (MFTE), providing valuable tax savings and enhancing projected returns. With stable occupancy and minimal maintenance needs, this turnkey asset is ideal for investors seeking steady performance and future appreciation.
Courtesy: Windermere Real Estate Whatcom
360-734-7500
Robert Sandoz
Motivated Seller! 7% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom—all in excellent shape. A unique chance to invest now and shape what’s next.
Courtesy: Keller Williams Western Realty
360-738-7070
Anthony Zapata
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.
Courtesy: Windermere Real Estate Whatcom
360-734-7500
Elizabeth Wolfe
Rare 20-plex in fantastic Bellingham location! 3330 Northwest Avenue features twenty 888 SF, 2-bedroom, 2-story townhouse-style units, each with private back patios & in-unit laundry. Continuous low-vacancy & promising future upside potential make this a fantastic investment opportunity. The property, comprised of two 4-plexes & two 6-plexes, backs up to the Bellingham Golf & Country Club, offering a desirable setting & strong tenant appeal. Situated on a spacious lot with 42 parking spaces & an additional ±15,000 SF of vacant land, there’s excellent potential for future expansion or additional units. A well-maintained and income-producing 20-plex in a prime location with upside—perfect for investors seeking long-term stability & growth.
Courtesy: Gage CRE
360-483-0508
Gregory Martineau
This property offers excellent versatility with multiple possibilities: redevelopment potential, live-in investment, or rental income (short-term rentals are permitted) in sought-after Fairhaven. Short walking distance to all of Fairhaven's attractions and easy I-5 access via Old Fairhaven Parkway. The 644-square-foot home sits on a generous 5,662-square-foot lot in the Residential Transition-4 zone of Fairhaven Urban Village. Previously approved plans available from 2017 for a mixed-use commercial/residential building (Buyer to verify all uses).
Courtesy: WestCom Properties Inc.
360-647-2856
Brian Finnegan
6 multi-family studio apartments, plus 3 commercial office spaces in this highly desirable location on the corner of Alabama and Cornwall Ave. It is currently fully occupied.
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Bellingham is located in Washington. Bellingham, Washington has a population of 90,545. Bellingham is less family-centric than the surrounding county with 25.93% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Bellingham, Washington is $59,163. The median household income for the surrounding county is $70,011 compared to the national median of $69,021. The median age of people living in Bellingham is 33.5 years.
The average high temperature in July is 72.4 degrees, with an average low temperature in January of 34 degrees. The average rainfall is approximately 39.1 inches per year, with 9 inches of snow per year.
