Bellingham Real Estate Search

Bellingham Multi-Family Properties for Sale

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Newest Bellingham Multi-Family Homes for Sale

$850,000
2584078 MLS ⋅ ACTIVE Status
Rare duplex opportunity in Bellingham's desirable York Neighborhood featuring a beautifully updated home plus a NEW detached ADU, each with its own private parking, functionality, separate utilities, and own address. This is the best option for house hacking, multigenerational living, or your next investment. The 1,150 sq ft home built in 1900 has extensive improvements not limited to NEW electrical, NEW sewer line, NEW tankless water heater, NEW insulation, exterior paint, and numerous appliance upgrades. The main residence offers 3 bedrooms, covered deck off your primary, comfortable living spaces, modernized systems, and a fully fenced backyard designed for relaxation and entertaining.The 520 sq ft detached ADU built in 2024 has 1 bedroom and provides additional flexibility for guests, extended living arrangements, workspace needs, hobbies, or other uses. Features include a private entrance, separate parking access from the alley, 2 heat pumps, tankless water heater, skylights, granite countertops, generous kitchen storage, and newer appliances. Enjoy outdoor gatherings on the patio, add a hot tub to the dedicated, already wired pad. Situated just moments from downtown Bellingham, local parks, restaurants, shopping, and waterfront attractions, this property combines the charm of a historic neighborhood with the convenience of modern updates and versatile living options.

1449 1447 Humboldt Street, Bellingham

Listing Broker: RE/MAX Whatcom County, Inc.; Sydney Weitzel; 206-475-2966; sydneyweitzel@nwhomes.net

$1,100,000
2582259 MLS ⋅ ACTIVE Status
Beautifully designed duplex has a 4-bedroom, 3-bath home with a separate 1-bedroom, 1-bath ADU, offering flexible living options and modern comfort. The main home features a bright, open living area with abundant natural light, a cozy fireplace, upgraded finishes, and thoughtful details throughout. Energy-efficient features and modern systems help provide year-round comfort and efficiency. Surrounded by mature trees, the property offers a peaceful Pacific Northwest setting, while the attached garage provides convenient parking and storage. The 1-bedroom, 1-bath ADU offers excellent versatility for extended living, guests, a home office, or rental income. The ADU has a private entrance, a living room and full kitchen, 9-ft-tall ceilings, a mini-split for heat and AC, in-unit laundry and a reserved parking space. It's a thoughtfully designed property combining quality finishes, energy-conscious living, and flexible space in one exceptional package.

1205 E McLeod Road, Bellingham

Listing Broker: Hammer Properties NW Inc.; Nikki Quinn; ;

$1,200,000
2581385 MLS ⋅ ACTIVE Status
Two rental homes on one property offer an incredible opportunity just blocks from Western Washington University. The first home is newer and the second has been completely renovated with modern upgrades. One home features four bedrooms and one bathroom, and the other offers three bedrooms and one bathroom. Both homes include quartz counters, LVP flooring, stainless appliances, and beautiful contemporary finishes. This is an ideal setup for strong rental income, multi generational living, or an owner occupied investment with additional cash flow. Outstanding location close to Western, shopping, parks, and public transit. A true turnkey investment in the heart of Bellingham.

618 E Myrtle Street, Bellingham

Listing Broker: Muljat Group; Kena Greer Brashear; ;

$625,000
2576954 MLS ⋅ ACTIVE Status
INVESTOR OPPORTUNITY in a convenient Bellingham location! This well-located duplex offers two spacious, two-story 2-bedroom, 1.5-bath units, each approximately 1,108 sq ft. Each unit features a large laundry/utility room providing valuable bonus space, along with a private deck and patio and covered parking. Both units are currently occupied, generating $3,065/month or $36,780 in annual rental income. Unit 2816 is month-to-month at $1,650/month, while Unit 2818 is leased through 8/9/27 at $1,415/month. Conveniently located near trails, Barkley Village Shopping Center, Regal Cinema, restaurants, shopping, and everyday amenities. An excellent opportunity to own an income-producing duplex with potential for future rental growth and long-term appreciation. The adjacent duplex at 2828/2830 Valencia St is also available, offering an opportunity to purchase two neighboring duplex properties.

2816 2818 Valencia Street, Bellingham

Listing Broker: RE/MAX Whatcom County, Inc.; Keith Cook; ;

$660,000
2576966 MLS ⋅ ACTIVE Status
Well-Located Duplex with Spacious Two-Story Floor Plans! Each 2-bedroom, 2-bathroom unit offers approximately 1,088 SQFT with a unique layout that provides a bedroom, bathroom, and closet space on each level. The upper level functions essentially as a private bedroom suite, offering a bedroom, full bathroom, and generous closet space. The main level features a bedroom, full bathroom, and an eat-in kitchen with a sliding glass door opening to the private patio and lawn area. Each unit also offers covered parking, private outdoor space, and access to a storage shed. Convenient laundry areas provide additional functionality and valuable bonus space. Ideally situated adjacent to trails and just minutes from Barkley Shopping Center, the movie theater, dining, and everyday amenities. Unit 2828 is currently month-to-month at $1,700/month, while Unit 2830 is leased through 5/27/27 at $1,650/month. An attractive opportunity for an investor seeking established rental income or an owner-occupant looking for additional income potential. The adjacent duplex at 2816/2818 Valencia St is also available, providing a unique opportunity to purchase neighboring properties.

2828 2830 Valencia Street, Bellingham

Listing Broker: RE/MAX Whatcom County, Inc.; Keith Cook; ;

$950,000
2577751 MLS ⋅ ACTIVE Status
Turnkey investment with a proven rental history and strong demand in Bellingham's historic York Neighborhood. This Fully occupied duplex lives more like two homes than two attached units. Each side offers a bedroom with a private full bath, generous living space, in-unit laundry, and ample off-street parking. Well maintained and ideally located near 1-5, WWU, downtown Bellingham, transit, and Nelson's Market. Enjoy an easy walk or bike to local restaurants, breweries, and neighborhood favorites. This unique opportunity is perfect for any investment portfolio or a future owner occupant looking for all the charm of the York Neighborhood while offsetting home ownership costs with consistent rental income.

1406 Franklin Street, Bellingham

Listing Broker: Hammer Properties NW Inc.; Joe Tedrow; ;

$785,000
2572508 MLS ⋅ ACTIVE Status
Endless possibilities in a prime Bellingham location! This versatile property features approximately 2,100 sq ft of total living space, including a main home with 3 bedrooms, 1.5 bathrooms, fresh interior/exterior paint, and an updated electrical panel. Bring your ideas to customize the kitchen to your personal style! Backyard is fenced, perfect for pets and is bordered by Padden Creek. A major highlight is the potential approximate 650 sq ft ADU complete with its own separate entrance, kitchen, full bath, studio style living area, and a flexible secondary room. Ideal for multi-generational living, a private guest suite, or potential income stream. Conveniently located near Fairhaven, WWU, and trails and easy I-5 access. Buyer to verify square footage and potential ADU permitting/use. Main house and potential ADU on separate electrical meters. One RV parking space with full service hook ups, one with sewer hook up only and one RV storage area.

2001 30th Street, Bellingham

Listing Broker: Keller Williams Western Realty; Stacy LaCount; ;

$970,000
2571773 MLS ⋅ ACTIVE Status
NEW CONSTRUCTION DUPLEX in the heart of Bellingham’s sought-after Fountain District! Zoned Urban Village, offering flexible investment potential. This thoughtfully designed duplex features two spacious 2BD/2BA units, each just under 1,000 sqft, making it an excellent opportunity for investors, owner-occupants, or multigenerational living. Each unit offers a private entrance, comfortable living spaces with fireplace and live edge mantel, well-appointed kitchens, and quality finishes throughout. The efficient layouts are designed for low-maintenance living while providing excellent separation and privacy between units. Enjoy the benefits of a brand-new property with modern construction and minimal maintenance, all just moments from Fountain District restaurants, breweries, parks, and downtown Bellingham.

2511 Peabody Street, Bellingham

Listing Broker: Bellwether Real Estate; Kimberly Secord; ;

$970,000
2571775 MLS ⋅ ACTIVE Status
NEW CONSTRUCTION DUPLEX in the heart of Bellingham's sought-after Fountain District! Zoned Urban Village, this thoughtfully designed home offers exceptional flexibility for investors. The upper residence features nearly 1,500 sqft, 3 bedrooms, 2.5 baths, two separate entrances, a spacious kitchen with walk-in pantry, inviting living space with an electric fireplace, a primary suite complete with an ensuite bath, and balcony for outdoor enjoyment. A 631 sqft lower-level unit has its own private entrance and provides built-in income potential or the perfect space for tenants, multigenerational living, or short-term rental guests. Enjoy the benefits of brand-new construction with modern finishes, quality craftsmanship, and low-maintenance living, all just moments from Fountain District restaurants, breweries, parks, and downtown Bellingham.

2509 Peabody Street, Bellingham

Listing Broker: Bellwether Real Estate; Kimberly Secord; ;

$699,000
2567323 MLS ⋅ ACTIVE Status
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.

927 Jersey Street, Bellingham

Listing Broker: COMPASS; Erika Buse; 360-303-3429; erika.buse@gmail.com

$799,000
2560052 MLS ⋅ ACTIVE Status
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.

522 12th Street, Bellingham

Listing Broker: Coldwell Banker Bain; Wayne Kwiatkowski; 360-961-1169; waynekwiatkowski@cbbain.com

$695,000
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 Broker: COMPASS; Michelle R Harrington; 360-510-0638; michelle.harrington@compass.com

$599,000
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. Recent upgrades include Mini-split heat pump heating and cooling upstairs, newer water heaters and appliances, new floor coverings, (More new work on main level floors 9/22/26) new double pane windows, new double sink in main level kitchen, new pipes for both drainage and water supply, fresh paint inside and exterior trim. Deep cleaning, including ducts, now complete. This is a partial list of improvements! 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 with great prospects for continued long-term value appreciation. Now vacant and easy to view!

1416 Humboldt Street, Bellingham

Listing Broker: Rainshine Realty; Glen Whitfield; 360-303-7339; glenswhitfield@gmail.com

$899,000
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 Broker: Muljat Group; Kena Greer Brashear; 360-920-3210; kena@muljatgroup.com

$2,100,000
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 Broker: John L. Scott, Inc; Jonathan D. Bye; 206-400-7586; transactions@jonbye.com

$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 Broker: Muljat Group; Troy C. Muljat; 360-820-2000; troy@muljat.com

$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 Broker: COMPASS; Michelle R Harrington; 360-510-0638; michelle.harrington@compass.com

$950,000
2540094 MLS ⋅ ACTIVE Status
Two-story mixed-use triplex on sunny corner lot in sought-after Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). 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 3 separate offices (or treatment rooms) and a 4th 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. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. 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, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates.

2701 Northwest Avenue, Bellingham

Listing Broker: RE/MAX Whatcom County, Inc.; Rebecca Heathcock; 360-306-0786; heathcock@gmail.com

$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 Broker: COMPASS; Brandon Nelson; 360-319-0696; brandon@brandonnelson.com

$2,900,000
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 Broker: Windermere RE Whatcom, Inc.; Jeff Johnson; ; jajohnson@windermere.com

$1,769,000
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 Broker: RE/MAX Whatcom County, Inc.; Ronda Karn; 360-202-6445; karnronda@gmail.com

$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 Broker: Bellwether Real Estate; Renae Ingraham; 360-319-0164; renae@bellwetherrealestate.com

$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 Broker: Birch Bay Realty Inc.; Ron Kulman; 360-303-1459; ronkulman@live.com

$750,000
2519154 MLS ⋅ ACTIVE Status
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

5331 Evergreen Drive, Bellingham

Listing Broker: eXp Realty; Art Sheyko; 360-961-6646; art@blu.ink

$1,999,999
2511002 MLS ⋅ ACTIVE Status
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.

4777 Guide Meridian, Bellingham

Listing Broker: Windermere RE Whatcom, Inc.; Lorrie M. Dujmovich; 360-920-8952; lorriedujmovich@windermere.com

$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 Broker: Gage CRE; Greg Martineau; 360-820-4645; Greg@GageCRE.com

$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 Broker: Muljat Group; Julian Friedman; 360-820-3698; julian@muljatgroup.com

$1,189,000
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 Broker: COMPASS; Jenn Ryan; 360-393-7063; jennryanhomes@gmail.com

$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 Broker: Windermere RE Whatcom, Inc.; Jason Lee; 360-961-3547; jasonlee@windermere.com

$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 Broker: Windermere RE Whatcom, Inc.; Jason Lee; 360-961-3547; jasonlee@windermere.com

$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 Broker: Keller Williams Western Realty; Anthony Zapata; 360-739-1995; anthonyz@benkinneyteam.com

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