Bellingham Real Estate | Bellingham Multi-Family Homes for Sale

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.

1826 Valencia Street, Bellingham

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

$595,000

2559523 MLS ⋅ ACTIVE Status

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 a month to month rental. There are supplements available that show the property survey and possible designs for a four lot short plat.

3902 Idaho Street, Bellingham

Listing courtesy of Rainshine Realty.

$725,000

2556415 MLS ⋅ ACTIVE Status

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.

2210 Wilson Avenue, Bellingham

Listing courtesy of COMPASS.

$659,000

2559225 MLS ⋅ ACTIVE Status

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!

1416 Humboldt Street, Bellingham

Listing courtesy of Rainshine Realty.

$1,250,000

2554842 MLS ⋅ ACTIVE Status

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.

3092 Mt Baker Highway, Bellingham

Listing courtesy of Muljat Group.

$1,150,000

2554461 MLS ⋅ ACTIVE Status

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!

1100 23rd, Bellingham

Listing courtesy of Muljat Group.

$2,250,000

2553317 MLS ⋅ ACTIVE Status

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.

201 N Commercial Street, Bellingham

Listing courtesy of John L. Scott, Inc.

$10,995,000

2546453 MLS ⋅ ACTIVE Status

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.

201 Tull Court, Bellingham

Listing courtesy of Muljat Group.

$599,900

2545314 MLS ⋅ ACTIVE Status

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!

1007 22nd Street, Bellingham

Listing courtesy of COMPASS.

$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..

$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.

$3,150,000

2539063 MLS ⋅ ACTIVE Status

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.

1252 Nevada Street, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$875,000

2538986 MLS ⋅ ACTIVE Status

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.

2124 Woburn Street, Bellingham

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

$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..

$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.

$1,000,000

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..

$795,000

2525360 MLS ⋅ ACTIVE Status

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.

2316 Xenia Street, Bellingham

Listing courtesy of Birch Bay Realty Inc..

$969,500

2512251 MLS ⋅ ACTIVE Status

House hack opportunity in the wonderful Sehome neighborhood. Beautifully remodeled (2023) Sehome duplex. Proforma 6.2% cap rate. Upstairs lease ends in September 2026. With DADU permitting studio could rent for $1,500+ a month, for $6,040 total. Looking up from the sidewalks of Jersey Street, you'll discover this charming restored Victorian duplex in the desirable Sehome neighborhood. Potential to convert back to a single-family home. Grandfathered as a legal duplex, it sits on a bright, sunny corner lot with territorial views and vistas of Bellingham Bay. Just steps to Sehome Hill Arboretum trails. Upstairs: a 2-level, 2-bed/1-bath unit with private view deck, in-unit laundry, remodeled wrap-around kitchen, and excellent living spaces. Main floor: a spacious 1,128 SF 2-bed/2-bath fully remodeled in 2023 with new kitchen, bathrooms, flooring, lighting, in-unit laundry and smart space planning. A detached 533 sq ft studio with ¾ bath. 2026 zoning changes streamline ADU approval—offering strong potential to condo-ize or boost total rent. Proven cash flow in a prime location near WWU and downtown. New roof and skylights, new siding, interior remodels (kitchens plus 2 of 4 baths), 6-zone mini-split system, solar, fencing and amazing landscaping complete this gem. Don't miss it!

1000 Jersey Street Unit #A & B, Bellingham

Listing courtesy of Lake & Company.

$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.

$2,200,000

2511002 MLS ⋅ ACTIVE Status

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—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.

4777 Guide Meridian, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$900,000

2510420 MLS ⋅ ACTIVE Status

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).

1302 Larrabee Avenue, Bellingham

Listing courtesy of Gage CRE.

$1,750,000

2499728 MLS ⋅ ACTIVE Status

Opportunity is knocking — loudly — on Sehome Hill! This stunning 5,500+ sq ft American Four Square sits in one of Bellingham's most coveted locations, perched next to Western Washington University and just a short walk to both campus and Downtown Bellingham. With 10 bedrooms and 5 bathrooms across 5 units, the possibilities here are as impressive as the property itself. Live large in the spacious 4-bedroom owner's view suite while the four units below help cover your expenses — or rent all five and let the income do the talking. Behind the classic curb appeal (fresh exterior paint and a brand-new roof) lies a meticulously maintained home with completely updated wiring and plumbing, all units separately metered, and efficient gas hot water heating. Seven off-street parking spaces round out a package that's incredibly rare at this scale and location. Mint condition, modern updates, and true pride of ownership — this one is dialed in and ready for its next chapter.

900 N Garden, Bellingham

Listing courtesy of Muljat Group.

$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.

$1,650,000

2496953 MLS ⋅ ACTIVE Status

Fully restored Victorian duplex offering immediate income and major future upside in a convenient in-town Bellingham location. Rebuilt down to the studs, this unique property blends historic character with extensive improvements, creating a rare opportunity for investors or buyers seeking both cash flow and long-term potential. As currently configured, the duplex offers projected rental income of approximately $7,300 per month, making it an attractive income-producing asset from day one. Included in the package is the adjacent vacant lot, which previously had a full set of plans for a 4-plex. Together, the restored duplex and additional lot create the potential for a 6-unit overall project, combining current income with future development opportunity. The home itself offers the charm, presence, and architectural detail that only a classic Victorian can provide, while the package as a whole presents a compelling hybrid of existing rental performance and additional build potential. Rare chance to acquire a beautifully restored duplex with flexibility for owner-occupants, investors, or multigenerational living, conveniently located near downtown amenities, shopping, dining, and everyday services.

1310 Ellsworth Street, Bellingham

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

$1,795,000

2496625 MLS ⋅ ACTIVE Status

Great opportunity to own 3 sets of single-level duplexes, 6 units total. Each unit features 2 beds / 1 bath, living room w/ vaulted ceilings throughout, in-unit washer/dryer and a single car garage. Strong reliable rental history with path for new owner to improve rental potential. Duplexes are located in a quiet & walkable residential neighborhood offering convenient living for tenants with Costco, Fred Meyer, shopping, restaurants, parks, Bellingham waterfront, airport & I-5 access all only 5 minutes away. Long term tenants in place. Simple single-level building make this a great first multi-family investment opportunity or addition to your portfolio. Additional set of identical duplexes also listed for sale.

3350 Cherrywood Avenue, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$1,595,000

2495128 MLS ⋅ ACTIVE Status

Great opportunity to own 3 sets of single-level duplexes, 6 units total. Each unit features 2 beds / 1 bath, living room w/ vaulted ceilings throughout, in-unit washer/dryer and a single car garage. Strong reliable rental history with path for new owner to improve rental potential. Duplexes are located in a quiet & walkable residential neighborhood offering convenient living for tenants with Costco, Fred Meyer, shopping, restaurants, parks, Bellingham waterfront, airport & I-5 access all only 5 minutes away. Long term tenants in place. Simple single-level building make this a great first multi-family investment opportunity or addition to your portfolio. Additional set of identical duplexes also listed for sale.

3340 Cherrywood Avenue, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$759,900

2482385 MLS ⋅ ACTIVE Status

"Investment opportunity! This DUPLEX is located in the heart of Bellingham; only a few blocks from Trader Joe's and a short 5 minute drive to downtown. Each unit boasts an open layout with 2 bedrooms & 2 bathrooms. Each has all appliances including washer/dryer, 4 off street parking spaces and detached storage sheds. Upstairs unit recently (December 2025) underwent full renovation including new vinyl plank flooring, interior paint, electrical switches/receptacles, smoke alarms/CO detectors, interior light fixtures, toilets, range hood, refrigerator, resealed showers, interior/exterior door handles. Downstairs unit has laminate flooring and all new appliances. Exterior was fully renovated in the last 5 years to include a 50 yr metal roof, James Hardie board siding with paint, all exterior windows replaced, fence and deck built! Units are occupied and rented."About a $100,000 or more in updates!

2424 Orleans Street, Bellingham

Listing courtesy of eXp Realty.

$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.

$4,400,000

2446667 MLS ⋅ ACTIVE Status

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.

3330 Northwest Avenue, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

Bellingham Multi-Family Properties for Sale

Newest Bellingham Multi-Family Homes for Sale