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    Bellingham, WA
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    Bellingham, WA Apartment Buildings for Sale

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    Ferndale, WA Lynden, WA Lummi Island, WA Everson, WA Bow, WA Deming, WA Custer, WA Olga, WA
    Multifamily Property Near WWU Campus
    Updated: Nov 21, 2025
    Multifamily Property Near WWU Campus

    1011 21st Street, Bellingham, WA 98225

    $8,400,000
    25,265 sqft
    Assumable debt at 3.1% provides a +5% cash‑on‑cash return in year 1.
    Located just two blocks from Western Washington University (WWU) campus.
    Potential to boost income by 11.8% in year 1 by implementing RUBS, laundry, and parking fees.
    Historically low vacancy rates.
    Desirable mix of large 3 & 4 bedroom units.
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    Historic Downtown Apartment Building
    Updated: Apr 8
    Historic Downtown Apartment Building

    201 N Commercial St, Bellingham, WA 98225

    $2,250,000
    Excellent price‑per‑unit ($146,875) and price‑per‑square‑foot ($210) metrics.
    Strong going‑in return of 6.9% with potential to exceed 7% pro forma.
    Historic building (built 1900‑1906) with original trim and some original fir flooring.
    Located in downtown Bellingham.
    Spacious units with nine‑foot ceilings and ample natural light.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Bellingham, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    45-Unit Apartment Complex For Sale
    45-Unit Apartment Complex For Sale

    401 Stanford Dr, Mount Vernon, WA 98273

    $7,895,000
    23,922 sqft 1.95 AC lot

    Large apartment complex near schools and hospital.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    520 North 1st Street, Mount Vernon, WA 98273

    $899,000
    0.21 AC lot

    Six-unit multifamily property with four 1-bedroom units and two 2-bedroom units and dedicated rear off-street parking.

    View details
    Multifamily Property with 28 Units
    Multifamily Property with 28 Units

    21125 81st Dr NE, Arlington, WA 98223

    $7,300,000
    28,247 sqft

    Multifamily property featuring 28 units in Arlington, Washington.

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    Arlington Multifamily Investment Opportunity
    Arlington Multifamily Investment Opportunity

    17820 Smokey Point Blvd, Arlington, WA 98223

    $1,650,000
    6,084 sqft

    Six-unit multifamily property in Arlington with strong in-place income.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Off-Market Properties in Bellingham, WA

    Consider similar Off-Market properties in Bellingham, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2603 Elm St
    Multifamily properties

    2603 Elm St, Bellingham, WA 98225

    Value Estimation by Request
    0.20 AC lot
    View details
    4149 Northwest Ave
    Multifamily properties

    4149 Northwest Ave, Bellingham, WA 98226

    Value Estimation by Request
    1,846 sqft 1.63 AC lot
    View details
    1610 Lincoln St
    Multifamily properties

    1610 Lincoln St, Bellingham, WA 98229

    Value Estimation by Request
    3,096 sqft
    View details

    Bellingham, WA Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Bellingham, WA on our real estate platform. These investment opportunities span a total of 25,265 square feet of properties for sale, with an estimated market value of $8,400,000.

    Sale prices for two-family homes in Bellingham, WA start at $8,400,000, averaging $8,400,000, and reaching up to $8,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 130K
    Population Growth (5Y) +3.1%
    Median Household Income $75,629
    College Educated 38.9%

    High-Yield Neighborhoods for Investment

    Identify Bellingham submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98225 $5.5M

    Taxes & Financing

    Tax Rate (average for all types) 0.81%
    Property Tax per SF $4.17 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Bellingham fall within the 100,000+ square foot range.

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