Courtesy: BHHS Bayside Realty
360-393-0793
Andrew Shelton
New roof, new appliances, new paint inside and out, new flooring, new vapor barrier, new insulation, starting to see the theme? This duplex appeals to all comers: first time buyers looking to start their rental pool, folks shopping multigenerational or a pure investor looking for a truly turn key rental. The upgrade list is extensive and boasts trusted local vendors. Joosten's put on a new roof with IKO Dynasty's shingles that are rated up to 130mph wind speed and all flashing and vents were upgraded as well. The crawl has been completely redone with new insulation, vapor barrier and pump installed by Ash Insulation. The interior has brand new DeWaard and Bode appliances paint and flooring by Great Floors. Exterior has two brand new coats of Behr paint. Conveniently located across the street from Alderwood Elementary and near Squalicum Pier, Redwood Park and Locust beach to name just a few. This property offers the best of both worlds; on city utilities and a quick drive to Bellingham or Ferndale. If you're planning to rent it it's county jurisdiction and subject to less rental red tape.
Courtesy: Muljat Group
360-733-3030
Julian Friedman
HUGE INVESTMENT OPPORTUNITY! Approximately 5 acres along the Mount Baker Highway corridor featuring a unique collection of residential and shop improvements and currently bringing in $12,650 / mo in rent. The property includes a 3-bedroom residence situated away from the road, flexible lower-level living areas with multiple bedrooms, kitchens, baths, and separate entrances, a manufactured home near the highway frontage, and a secluded beautiful and private RV area located further back on the property with septic/power/water. Additional improvements include a 40' x 60' clear-span shop building and a 40' x 40' shop with additional upper-level space. Ample parking, open yard areas, and excellent access create a versatile property with a rare combination of residential, shop, storage, and outdoor space. Conveniently located 10 minutes from I-5 and on the way to Mount Baker recreation areas.
Courtesy: COMPASS
360-233-5033
Erika Buse
927 Jersey is a centrally located Sehome duplex that offers a practical layout and significant investment upside. The property has been updated with essential improvements, including a newer roof and refreshed bathrooms, providing a solid foundation for immediate use or further investment.The interior features a versatile lower-level basement that can be adapted to suit various operational needs. Outside, the detached garage presents a clear opportunity for conversion into an accessory dwelling unit (ADU), offering additional utility or the potential for a third income stream on-site.The central location is a primary draw, positioned near the amenities of Sehome Village. Local dining, retail, and transit connections are all within close proximity. Whether you are looking for a straightforward investment or a property with room to build equity through strategic customization, this duplex provides the flexibility to execute a long-term plan in a high-demand community.
Courtesy: Coldwell Banker Bain
360-734-3420
Wayne Kwiatkowski
The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Sean Jeffrey
Excellent investment opportunity with this well-maintained duplex, tucked away at the end of a low-traffic dead-end street while remaining centrally located near shopping, dining, schools, and everyday amenities. Built in 1999, each spacious two-story unit offers an identical 1,450 sq. ft. layout with 3 bedrooms and 2.5 bathrooms. Roof is less than 1 year old. The main level of each unit features a comfortable living area with a gas fireplace, kitchen, half bathroom, & laundry room. Upstairs includes three bedrooms and two full bathrooms, including a primary bedroom with a vaulted ceiling. Additional features include washer and dryer appliances in each unit, outdoor living spaces, close to Whatcom Falls Park Trail, and a 8,276 sq. ft. lot. A strong opportunity for an investor or an owner-occupant looking to live in one unit while generating income from the other.
Courtesy: Rainshine Realty
360-303-7339
Glen Whitfield
Lovely location for home or investment. Two rehabbed manufactured homes in idyllic spot. Big half acre lot on cul-de-sac near Whatcom Falls and Bloedel Parks, Kulshan M. School, Geneva E. School. Extensive improvements; new water lines, new floors, new applcs, new roof, new furnaces, etc. A good spot to live, easily managed as a rental. Approval to divide into two lots. (With infill toolkit it's possible 4-5 Lots on this site.) 3902 is 3 bdrm 2 bath home 1200 sq. ft. plus large Sun porch facing meadow and forest. Heated with electric furnace & a propane gas fireplace. Also a shop. Unit @3900 is two bedroom one bath. It has a storage building in backyard. Separate electric meters. Just one Water Service for both units now paid by owner. Recent rents are $2,200 and $1,800 total of $4,000 per month gross rent. One unit is vacant. Unit at 3902 is now leased thru Aug. of 2027. There are supplements available that show the property survey and possible designs for a four lot short plat.
Courtesy: COMPASS
360-233-5033
Michelle Harrington
This Happy Valley duplex offers a fantastic opportunity for those looking for versatility, charm, and immediate returns. Both units are currently occupied by long-term tenants, providing a steady foundation for your investment from day one. Each of the two existing units features two bedrooms and 1.5 baths, highlighted by a cozy gas stove that adds both warmth and a touch of ambiance to the living space. Convenience is built-in with dedicated in-unit washers and dryers, plus individual storage rooms for each side.The outdoor spaces are a true highlight, with each unit enjoying its own private patio and a fenced backyard—perfect for relaxing or gardening in peace. Parking is effortless with four total spaces, allowing two per unit.Perhaps the most exciting feature is the additional third area, which offers an easy path toward a triplex conversion. Whether you're looking for a solid investment with reliable residents already in place or a property with significant room to grow, this duplex delivers on both comfort and future potential.Situated in a prime Southside location, the property puts the best of the area within easy reach. You’re just moments away from the vibrant shopping and dining in historic Fairhaven, the scenic Bellingham Waterfront, and the energy of the Western Washington University campus. This is a rare chance to secure a property that delivers both comfort today and significant upside for tomorrow.
Courtesy: Rainshine Realty
360-303-7339
Glen Whitfield
Beautiful and charming 2 story Victorian in perfect location! Just refreshed for a new owner, this classic York area home is in one of the most desireable and walkable locations of Bellingham! A half block north of Nelson's Market, it has easy access to downtown, WWU, Fred Meyers and great schools. Numerous recent upgrades include Mini-split heat pump heating and cooling upstairs, newer water heaters and appliances, new floor coverings, new windows, new double sink in main level kitchen, new pipes for both drainage and water supply, fresh paint inside and exterior trim. The list of improvements is long! Presently a legal duplex with units A and B, it could be easily changed back to a 4 bedroom home, or left as it is with the owner in one unit and renting or giving the other space as desired. (Or renting both units, monthly rents estimate=$3,700-3,800.) This Charming duplex is in the heart of a high demand neighborhood, a truly golden location for long-term value appreciation. Now vacant and easy to view!
Courtesy: Muljat Group
360-733-3030
Kena Greer Brashear
Exceptional investment opportunity in Bellingham's highly sought after Happy Valley neighborhood. Ideally located just blocks from Western Washington University and the Sehome Hill Arboretum, this duplex offers convenient access to Fairhaven, downtown Bellingham, miles of trails, parks, restaurants, shopping, and schools. Each fully renovated two bedroom, townhouse style unit features covered decks, luxury vinyl plank flooring, stainless steel appliances, quartz countertops, in-unit washer and dryer, and cozy fireplaces. The property has an excellent rental history with consistently low vacancy, is fully leased, and has been meticulously owner managed. A true turnkey investment!
Courtesy: John L. Scott, Inc
253-852-9200
Jonathan Bye
Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as “the leading fashionable apartment house in the city and the most modern.” Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that’s been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term.
Courtesy: Windermere RE Whatcom, Inc.
360-734-7500
Jeff Baker
Don't miss this well-maintained duplex in the highly desirable Happy Valley neighborhood! Each unit offers 2 bedrooms and 1.5 baths and has a strong rental history with consistent occupancy. Ideally located just three blocks from Western Washington University and only five blocks from the shops, restaurants, and waterfront in Fairhaven, this property offers an exceptional location for tenants. The large, level, sunny lot provides easy maintenance and plenty of outdoor space. Convenient access to I-5, downtown Bellingham, parks, shopping, and everyday amenities makes this an outstanding investment opportunity in one of Bellingham's most sought-after neighborhoods.
Courtesy: Muljat Group
360-733-3030
Troy Muljat
Recently built and beautifully designed Tull Court Townhomes in Northern Bellingham! Townhomes are located just off Meridian Street in a private cul-de-sac, which gives this property a rural feel within city limits. The property is in close proximity to major shopping centers, Whatcom Community College, and just over one mile from I-5 access. The 32-units are a mix of primarily 2-bed/1.5-bath and some 3-bed/2.5-bath. Units feature fully equipped kitchens, in-unit washer/dryer, and high-end finishes.
Courtesy: COMPASS
360-233-5033
Michelle Harrington
Beautifully remodeled this duplex is a rare gem located between Campus and Fairhaven—an unbeatable spot just a short walk from Western Washington University's lively community. Whether you're looking for an investment opportunity or a dual-living solution, this property offers flexibility, style, and convenience all in one. Recent updates ensure peace of mind and a fresh aesthetic, with a brand-new roof, gutters, and a crisp exterior paint job. The upper unit features an updated kitchen, three bright bedrooms, and a full bath. Step outside onto the expansive deck—perfect for summer BBQs or simply enjoying the fresh air. The lower unit, with its own private entrance, has been completely updated, boasting a modern one-bedroom suite with a refreshed kitchen and ¾ bath. Every detail has been thoughtfully designed to provide comfort and style, making it ideal for guests or rental income. Both units come fully equipped with all appliances, and a shared washer and dryer add an extra layer of convenience for tenants. Nestled in a highly sought-after location, this duplex offers a perfect blend of modern comfort and proximity to everything that makes the area so desirable. Don’t miss the chance to own this move-in-ready property that’s as versatile as it is inviting!
Courtesy: Lakeside Realty, Inc.
360-739-1419
Dean Hatcher
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.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Rebecca Heathcock
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.
Courtesy: COMPASS
360-233-5033
Brandon Nelson
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.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Rachael Wilson
Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. This property includes TWO homes: a recently updated 3-bedroom, 1-bath home renting for $2,500/month and a fully remodeled 2-bedroom, 1-bath apartment bringing $1,600/month. Tenants pay all utilities, and both units feature fully fenced yards and ample off-street parking, creating a low-maintenance investment with a cap rate exceeding 5% at current rents. An unfinished space ready to be built out into a studio apartment provides an immediate value-add opportunity to increase income. The real upside is the development potential. Zoning aligned with the city’s Middle Housing Ordinance allows for 16+ units, ideal for clusters of fourplex-style buildings. With improved street frontage and alley access, the property offers flexibility for phased redevelopment or a larger future project. The large grassy area north of the home may even provide the opportunity to subdivide, build another home, or pursue a smaller development project down the road. Located just minutes from Whatcom Falls Park and the Interurban Trail, the location supports strong rental demand from residents who value Bellingham’s outdoor lifestyle. Hold for income, add a third unit, subdivide, or plan future redevelopment—this is an investment with immediate performance and long-term upside.
Courtesy: Windermere RE Whatcom, Inc.
360-734-7500
Jeffrey Johnson
17 unit apartment complex off Lakeway on Nevada Street within walking distance to bus line, Whole Foods, Carl cozier elementary school, city park and pool complex. Central location. Unit mix:12 one- bedroom units and 5 -two bedroom units all under market rent with stable vacancy history. Excellent parking. Recent maintenance: New roof 2026new gutters 2026new washer dry units in common laundry room. The third floor units are accessed off a ground level parking lot with 9 uncovered spaces on the east side of the property.20 uncovered spaces on ground floor access and 7 covered spaces. Operating Expenses: Using a 28% total expense estimate.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Ronda Karn
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.
Courtesy: Bellwether Real Estate
360-305-3650
Renae Ingraham
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.
Courtesy: Birch Bay Realty Inc.
360-371-7844
Ronald Kulman
Centrally located duplex in Bellingham. Close to Barkley and Whatcom Falls Park. Each unit has 3 bedrooms and 2 bathrooms. Each unit also has a 2 car garage. Well maintained and being sold by the original owner. Don't miss out on this great investment opportunity. Unit 2316 just updated. No Lock Box.
Courtesy: eXp Realty
360-746-9774
Art Sheyko
Welcome to this rare, park-like property on nearly one acre at the end of a quiet North Bellingham cul-de-sac. The home includes an attached 2-bedroom unit-ideal for multigenerational living, or rental income. The grounds are a true retreat: mature trees, garden space, fruit trees, and room to roam. There's space to park an RV with power onsite, a large 3 car detached garage/shop provides for abundant storage and workspace. Close to bus lines and grocery shopping. This is a rare opportunity-must see to appreciate. Shown By Appointment
Courtesy: Real Broker LLC
855-450-0442
Tobi Smukler
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 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. Appraised at $1,285,000 - Instant equity.
Courtesy: Windermere RE Whatcom, Inc.
360-734-7500
Lorrie Dujmovich
Bring the reasonable offers! Motivated Seller! Almost an 8% 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 with some wetlands mitigation to do—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. A unique chance to invest now and shape what’s next.
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).
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: [email protected]).
“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.”
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.
