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Bellingham, WA

Multifamily

Bellingham, WA Multifamily Properties for Sale

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Ferndale, WA Lynden, WA Lummi Island, WA

Two-Story Mixed-Use Triplex with Commercial Suite

Updated: Jun 15

Two-Story Mixed-Use Triplex with Commercial Suite

2701 Northwest Ave, Bellingham, WA 98225

$995,000

2,376 sqft

Updated two‑story mixed‑use triplex with a remodeled commercial suite plus two residential units on a sunny corner lot
Commercial suite remodeled in 2018 with front reception, 4 treatment rooms, and a 5th room with sink for treatments or break room
Upper 2‑bedroom apartment remodeled in 2025 with new carpet, paint, and fixtures; includes a full bathroom with clawfoot tub
Downstairs apartment remodeled in 2015 with new flooring installed in 2020; includes a 3/4 bathroom
Commercial and residential income property delivering a stated 6% cap rate with 2,376 sqft on the interior and 12 parking spots on a large graveled lot

Old Town Bellingham Development Opportunity

Updated: Nov 26, 2025

Old Town Bellingham Development Opportunity

1310 G St, Bellingham, WA

$799,950

10,019 sqft · 0.23 AC lot

Qualifies for Multi‑Family Housing Tax Exemption, offering strong financial upside.
Prime location in historic Old Town Bellingham, a highly desirable and rapidly revitalizing corridor.
Supports a wide range of commercial uses (retail, office, studio, etc.) for immediate income potential.
Previously held permits for a 50‑unit multifamily project.
Minutes from Downtown, Waterfront District, WWU, and major transit routes.

Historic Downtown Apartment Building

Historic Downtown Apartment Building

201 N Commercial St, Bellingham, WA 98225

$2,250,000

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

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Commercial Land Near I-5 Freeway

Commercial Land Near I-5 Freeway

4149 Northwest Avenue, Bellingham, WA 98226

$1,500,000

1,846 sqft

Commercial zoned 1.63 acres near I-5, shopping, and schools.

Multifamily Property Near WWU Campus

Multifamily Property Near WWU Campus

1011 21st Street, Bellingham, WA 98225

$8,400,000

25,265 sqft

19-unit multifamily property near Western Washington University.

Based on your search, we've compiled 64 Potential Opportunities for your consideration. Besides 5 Active listings in Bellingham, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 51 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.

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 dedicated rear parking and a mix of 1- and 2-bedroom units.

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.

Income-Producing Property in Oak Harbor

Income-Producing Property in Oak Harbor

3100 Taylor Rd, Oak Harbor, WA 98277

$1,300,000

4,350 sqft

Two duplexes and a house with great rental history.

Oak Harbor Mixed-Use Building

Oak Harbor Mixed-Use Building

880 SE Pioneer Way, Oak Harbor, WA 98277

$699,999

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

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.

Sequim Land with Panoramic Views

Sequim Land with Panoramic Views

463 Miller Road, Sequim, WA 98382

$1,199,000

9.90 AC lot

9.9 acres with saltwater, mountain, and city views.

Recreational Land Near Mount Rainier

Recreational Land Near Mount Rainier

55912 317th Avenue E, Ashford, WA 98304

$80,000

Recreational land with RV hookups near Mount Rainier National Park.

Secluded RV Lot with Mountain Views

Secluded RV Lot with Mountain Views

1769 Naches Wenas Road, Unit 12, Selah, WA 98942

$164,000

0.12 AC lot

Private RV lot with full hookups and resort amenities.

Naches RV Resort Bluff-Top Lot

Naches RV Resort Bluff-Top Lot

62-1769 Naches Wenas Rd, Selah, WA 98942

$110,000

Bluff-top RV lot with full hookups and resort amenities.

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.

1511 Edwards St

BOARDING/ROOMING HOUSE

1511 Edwards St, Bellingham, WA 98229-2151

Value Estimation by Request

1,768 sqft · 0.28 AC lot

BOARDING/ROOMING HOUSE

1212 22nd St, Bellingham, WA 98225-6823

Value Estimation by Request

1,484 sqft

223 Bakerview Rd

BOARDING/ROOMING HOUSE

223 Bakerview Rd, Bellingham, WA 98226-7757

$13,100,000

Estimated value

150,532 sqft · 6.06 AC lot

4915 Samish Way

MOBILE HOME PARK, TRAILER PARK

4915 Samish Way, Bellingham, WA 98229-6904

Value Estimation by Request

86 sqft · 23.68 AC lot

BOARDING/ROOMING HOUSE

601 Gdn St, Bellingham, WA 98225-5404

$920,000

Estimated value

2,114 sqft · 0.16 AC lot

CAMPGROUND, RV PARK

2222 Nulle Rd, Bellingham, WA 98229-9329

Value Estimation by Request

1,800 sqft · 4.26 AC lot

BOARDING/ROOMING HOUSE

1200 High St, Bellingham, WA 98225-5108

$845,000

Estimated value

3,530 sqft · 0.16 AC lot

511 Chestnut St

BOARDING/ROOMING HOUSE

511 Chestnut St, Bellingham, WA 98225-5114

$1,000,000

Estimated value

3,900 sqft · 0.29 AC lot

MOBILE HOME PARK, TRAILER PARK

2041 Yew St Rd, Bellingham, WA 98229-8937

$940,000

Estimated value

2.85 AC lot

MOBILE HOME PARK, TRAILER PARK

Yew St Rd, Bellingham, WA 98229

$935,000

Estimated value

5.00 AC lot

BOARDING/ROOMING HOUSE

1212 High St, Bellingham, WA 98225-5100

Value Estimation by Request

3,670 sqft · 0.16 AC lot

BOARDING/ROOMING HOUSE

1201 Gdn St, Bellingham, WA 98225-5125

$1,435,000

Estimated value

4,327 sqft · 0.47 AC lot

3212 Mt Baker Hwy

MOBILE HOME PARK, TRAILER PARK

3212 Mt Baker Hwy, Bellingham, WA 98226-9599

Value Estimation by Request

3.29 AC lot

Bellingham, WA 98226

MOBILE HOME PARK, TRAILER PARK

Bellingham, WA 98226

Value Estimation by Request

0.21 AC lot

BOARDING/ROOMING HOUSE

Cordata Pkwy, Bellingham, WA 98226

Value Estimation by Request

1,000 sqft · 1.21 AC lot

4400 Columbine Dr

BOARDING/ROOMING HOUSE

4400 Columbine Dr, Bellingham, WA 98226-8201

$2,165,000

Estimated value

14,582 sqft · 3.83 AC lot

MOBILE HOME PARK, TRAILER PARK

Samish Way, Bellingham, WA 98229

Value Estimation by Request

1.09 AC lot

MOBILE HOME PARK, TRAILER PARK

Samish Way, Bellingham, WA 98229

Value Estimation by Request

0.33 AC lot

BOARDING/ROOMING HOUSE

1124 Gdn St, Bellingham, WA 98225-5124

Value Estimation by Request

2,232 sqft · 0.16 AC lot

Bellingham, WA Multifamily Properties Market Trends and Statistics

Explore 56 multifamily properties for sale in Bellingham, WA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 39,506 square feet of properties for sale, with an estimated market value of $11,694,950.

Sale prices for multifamily properties in Bellingham, WA start at $799,950, averaging $2,923,737, 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
98226	$1.5M
98225	$4M

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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