Bellingham, WA Multifamily Properties for Sale

List

Map

Ferndale, WA Lummi Island, WA Lynden, WA

Old Town Bellingham Development Opportunity

$900,000

10,019 SF

Old Town Bellingham Development Opportunity

1310 G St, Bellingham, WA

Prime site in revitalizing corridor, ideal for development/commercial use.

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.

Updated: Nov 26, 2025

View details

$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

$8,400,000

25,265 SF

Multifamily Property Near WWU Campus

19-unit multifamily property near Western Washington University.

1011 21st Street, Bellingham, WA 98225

View details

$1,500,000

1,846 SF

Commercial Land Near I-5 Freeway

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

4149 Northwest Avenue, Bellingham, WA 98226

View details

$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 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.

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

$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

$1,300,000

4,350 SF

Income-Producing Property in Oak Harbor

Two duplexes and a house with great rental history.

3100 Taylor Rd, 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.

$80,000

Recreational Land Near Mount Rainier

Recreational land with RV hookups near Mount Rainier National Park.

55912 317th Avenue E, Ashford, WA 98304

View details

$500,000

6.50 Acres

Centralia Commercial Land with Income

6.5+ acre commercial land with income and development potential.

1535 S Gold Street, Centralia, WA 98531

View details

$39,000

0.30 Acres

Land Ready for Development

13,000 sq ft lot near state land in Raymond, WA.

1420 Raymond-South Bend Rd, Raymond, WA 98577

View details

$149,000

RV Lot with Canal Frontage

Equipped RV lot with canal frontage and beach access.

BOARDING/ROOMING HOUSE • 150,532 SF

Value Estimation

$13,100,000

223 Bakerview Rd, Bellingham, WA 98226-7757

View details

4915 Samish Way

MOBILE HOME PARK, TRAILER PARK • 86 SF

Value Estimation by Request

4915 Samish Way, Bellingham, WA 98229-6904

View details

601 Gdn St

BOARDING/ROOMING HOUSE • 2,114 SF

Value Estimation

$920,000

601 Gdn St, Bellingham, WA 98225-5404

View details

BOARDING/ROOMING HOUSE • 3,670 SF

Value Estimation by Request

1212 High St, Bellingham, WA 98225-5100

View details

1201 Gdn St

BOARDING/ROOMING HOUSE • 4,327 SF

Value Estimation

$1,435,000

1201 Gdn St, Bellingham, WA 98225-5125

View details

3212 Mt Baker Hwy

MOBILE HOME PARK, TRAILER PARK • 3.29 Acres

Value Estimation by Request

3212 Mt Baker Hwy, Bellingham, WA 98226-9599

View details

Bellingham, WA 98226

MOBILE HOME PARK, TRAILER PARK • 0.21 Acres

Value Estimation by Request

Bellingham, WA 98226

View details

Cordata Pkwy

BOARDING/ROOMING HOUSE • 1,000 SF

Value Estimation by Request

Cordata Pkwy, Bellingham, WA 98226

View details

4400 Columbine Dr

BOARDING/ROOMING HOUSE • 14,582 SF

Value Estimation

$2,165,000

4400 Columbine Dr, Bellingham, WA 98226-8201

View details

Samish Way

MOBILE HOME PARK, TRAILER PARK • 1.09 Acres

Value Estimation by Request

Samish Way, Bellingham, WA 98229

View details

Samish Way

MOBILE HOME PARK, TRAILER PARK • 0.33 Acres

Value Estimation by Request

Samish Way, Bellingham, WA 98229

View details

1124 Gdn St

BOARDING/ROOMING HOUSE • 2,232 SF

Value Estimation by Request

1124 Gdn St, Bellingham, WA 98225-5124

View details

Bellingham, WA Multifamily Properties Investment Opportunities Market Analysis

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 39,578 square feet of properties for sale, with an estimated market value of $11,545,000.

Sale prices for multifamily properties in Bellingham, WA start at $745,000, averaging $2,886,250, 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.

List

Map

Top Commercial Asset Segments

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 Strategic 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
98226	$1.5M
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%

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Bellingham, WA Multifamily Properties for Sale

Old Town Bellingham Development Opportunity

Prime site in revitalizing corridor, ideal for development/commercial use.

Historic Downtown Apartment Building

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

Multifamily Property Near WWU Campus

Commercial Land Near I-5 Freeway

Corner Retail with Apartment Above

Opportunities in Nearby Cities

Mount Vernon Six-Unit Apartment Building

Oak Harbor Multifamily Investment Opportunity

New Construction Multifamily Investment Property

Income-Producing Property in Oak Harbor

Potential Development Sites for Consideration

Recreational Land Near Mount Rainier

Centralia Commercial Land with Income

Land Ready for Development

RV Lot with Canal Frontage

Off-Market Properties in Bellingham, WA

1511 Edwards St

1212 22nd St

223 Bakerview Rd

4915 Samish Way

601 Gdn St

2222 Nulle Rd

1200 High St

511 Chestnut St

2041 Yew St Rd

Yew St Rd

1212 High St

1201 Gdn St

3212 Mt Baker Hwy

Bellingham, WA 98226

Cordata Pkwy

4400 Columbine Dr

Samish Way

Samish Way

1124 Gdn St

Bellingham, WA Multifamily Properties Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

Need Help?

Popular Searches in Bellingham, WA

Popular Categories

Most Searched ZIP Codes in Bellingham, WA

All Filters

Select Neighborhood

Create a Task for Rey

Enter Input Criteria

Add Property Characteristics

Select Report Frequency

Create New Password