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    Bellingham, WA Apartment Buildings for Sale

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    Ferndale, WA Lummi Island, WA Lynden, WA
    Historic Downtown Apartment Building
    $2,500,000

    Historic Downtown Apartment Building

    201 N Commercial St, Bellingham, WA 98225

    Two-story, sixteen-unit apartment community in downtown Bellingham.

    • 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.
    Updated: Apr 8
    View details
    Multifamily Property Near WWU Campus
    $8,400,000
    25,265 SF

    Multifamily Property Near WWU Campus

    1011 21st Street, Bellingham, WA 98225

    19-unit multifamily property near Western Washington University.

    • 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.
    Updated: Nov 21, 2025
    View details
    Corner Retail with Apartment Above
    $745,000
    2,448 SF

    Corner Retail with Apartment Above

    Leased retail and apartment building with parking and storage.

    2731 Meridian St, Bellingham, WA
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 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.

    Mount Vernon Six-Unit Apartment Building
    $925,000
    0.21 Acres

    Mount Vernon Six-Unit Apartment Building

    Six-unit apartment building in central Mount Vernon, Washington.

    520 North 1st Street, Mount Vernon, WA 98273
    View details
    Oak Harbor Multifamily Investment Opportunity
    $1,450,000
    4,704 SF

    Oak Harbor Multifamily Investment Opportunity

    8-unit apartment building in Oak Harbor with bay views.

    1475 9th Ave, Oak Harbor, WA 98277
    View details
    New Construction Multifamily Investment Property
    $4,350,000

    New Construction Multifamily Investment Property

    New 10-unit complex plus adjacent 4-plex near amenities.

    403 21st St, Mount Vernon, WA 98273
    View details
    Oak Harbor Mixed-Use Building
    $699,999

    Oak Harbor Mixed-Use Building

    Mixed-use building with bar, restaurant, and residential income potential.

    880 SE Pioneer Way, Oak Harbor, WA 98277
    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.

    Entitled Multifamily Development Opportunity
    $3,250,000
    0.83 Acres

    Entitled Multifamily Development Opportunity

    Permitted 50-unit multifamily development with retail space for sale.

    403 N River St lot: 403, 417, & 419, Hailey, ID 83333
    View details
    Pahrump Land Investment Opportunity
    Contact for pricing
    0.31 Acres

    Pahrump Land Investment Opportunity

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

    2001 Casino Street, Pahrump, NV 89048
    View details
    Lancaster Corner Lot Investment Opportunity
    $350,000
    7,509.00 Acres

    Lancaster Corner Lot Investment Opportunity

    0.17-acre corner lot in Lancaster with development potential.

    0 Newgrove Street, Lancaster, CA 93534
    View details
    Prime Commercial Land Opportunity
    $2,250,000
    89,438.00 Acres

    Prime Commercial Land Opportunity

    2+ acres of commercially zoned land with freeway exposure.

    31426 The Old Road N, Castaic, CA 91384
    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
    Lot: 0.20 Acres
    Value Estimation by Request

    2603 Elm St, Bellingham, WA 98225

    View details
    4149 Northwest Ave
    Multifamily properties
    1,846 SF Lot: 1.63 Acres
    Value Estimation by Request

    4149 Northwest Ave, Bellingham, WA 98226

    View details
    1610 Lincoln St
    Multifamily properties
    3,096 SF
    Value Estimation by Request

    1610 Lincoln St, Bellingham, WA 98229

    View details

    Bellingham, WA Apartment Buildings Investment Opportunities Market Analysis

    Explore 6 apartment buildings for sale in Bellingham, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 27,713 square feet of properties for sale, with an estimated market value of $9,145,000.

    Sale prices for two-family homes in Bellingham, WA start at $745,000, averaging $4,572,500, 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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    Property Size Breakdown

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

    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 median 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 sq ft
    Average Loan-to-Value 65.0%

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