Bellingham, WA Multifamily Properties for Sale

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Updated: Aug 3

Mixed-Use Property with Shop Buildings

3092 Mt Baker, Bellingham, WA 98226

$1,185,000

3,505 sqft 5.00 AC lot

Approximately 5 acres along the Mount Baker Highway corridor
Three‑bedroom residence set back from the road
Lower‑level living areas with multiple bedrooms, kitchens, baths, and separate entrances
Manufactured home located near the highway frontage
Private RV area with septic, power, and water

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This listing looks promising.

Here's a quick look at some key insights for

3092 Mt Baker, Bellingham, WA 98226

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Est. Cap Rate

3.8%
NOI ÷ price
Est. NOI

$44K
Annual
Price @ 7% Cap

$635K
Suggested
Property Type

Single Family Residence
Built 1956

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Updated: Jun 5

Renovated Duplex with Townhouse Units

1100 23RD, Bellingham, WA 98225

$1,150,000

1,848 sqft

1,848 SF duplex with two fully renovated two‑bedroom townhouse‑style units
Both residences include covered decks, quartz countertops, fireplaces, and in‑unit washers and dryers
Stainless steel appliances and luxury vinyl plank flooring in each unit
Fully leased property with consistently low vacancy
Built in 1975 at 1100 23RD, Bellingham, WA 98225

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Duplex with Recent Roof

1826 Valencia St, Bellingham, WA 98229

$825,000

0.19 AC lot

Matching two-story units combine residential layouts with private laundry, fireplaces, and outdoor living areas.

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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.

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Fourplex With Bay-View One-Bedrooms

1408 G, Bellingham, WA 98225

$915,000

2,352 sqft

Well-maintained fourplex with four 1-bedroom, 1-bath units, on-site parking, and a community laundry room.

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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.

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Modern Townhome Community

201 Tull, Bellingham, WA 98226

$10,995,000

30,104 sqft

Recently built 32-unit townhome community offering 2- and 3-bedroom layouts with in-unit laundry.

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Refreshed Two-Story Victorian Duplex

1416 Humboldt Street, Bellingham, WA 98225

$659,000

Vacant legal duplex with updated systems, appliances, windows, finishes, and flexible unit configuration.

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Duplex with One-Bedroom ADU

3216 Edwards Street, Bellingham, WA 98229

$900,000

Two residences include an updated main home and a zero-step-entry accessory dwelling unit.

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Duplex with Private Patios

2210 Wilson Avenue, Bellingham, WA 98225

$725,000

Two-bedroom units feature gas stoves, in-unit laundry, private storage, and fenced outdoor areas.

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Four-Unit Apartment Property with Laundry

2312 Orleans, Bellingham, WA 98229

$1,099,000

3,456 sqft

Four residential units include an on-site coin-operated laundry facility and access to nearby shopping, dining, parks, and freeways.

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11-Unit Mobile Home Park

2625 W MAPLEWOOD AVE TRLR 2, Bellingham, WA 98225

Contact for pricing

1,596 sqft

Eleven-site mobile home park with one duplex and four space rents, reporting net income over $131,000 annually.

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Historic Downtown Apartment Building

201 N Commercial St, Bellingham, WA 98225

$2,250,000

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

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Updated Duplex

3261 Hollywood Ave, Bellingham, WA 98225

$615,000

Extensive recent improvements include roofing, appliances, flooring, insulation, paint, and crawl-space work.

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Duplex with Detached Garage

927 Jersey Street, Bellingham, WA 98225

$775,000

Updated duplex with basement space and a detached garage that may support future accessory dwelling use.

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Duplex with Detached Garage-Shop

5331 Evergreen Dr, Bellingham, WA 98226

$750,000

Attached two-bedroom unit, expansive grounds, and a separate garage-shop provide residential flexibility and substantial storage.

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Residential Income

3902 Idaho St, Bellingham, WA 98229

$595,000

Duplexes

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Duplex with Two-Car Garages

2316 Xenia Street, Bellingham, WA 98229

$795,000

Two residential units each provide three bedrooms, two bathrooms, and a two-car garage.

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Multifamily Redevelopment Site

4200 Meridian St, Bellingham, WA 98226

Contact for pricing

3.90 AC lot

3.9-acre site in a general commercial zone with five existing buildings and 30+ tenants generating NOI until redevelopment begins.

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Redevelopment Site for Apartment Units

110 Samish, Bellingham, WA 98225

$2,600,000

1.07-acre Samish Urban Village site supports 70+ units and includes an east-corner cell tower.

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Residential Income 4-Plex

1615 James St, Bellingham, WA 98225

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Four-unit income property with a newer roof and some interior remodeling completed in the past three years.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Bellingham, WA, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

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.

BOARDING/ROOMING HOUSE

1511 Edwards St, Bellingham, WA 98229-2151

$275,000

Estimated value

1,768 sqft 0.28 AC lot

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BOARDING/ROOMING HOUSE

1212 22nd St, Bellingham, WA 98225-6823

$300,000

Estimated value

1,484 sqft

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BOARDING/ROOMING HOUSE

223 Bakerview Rd, Bellingham, WA 98226-7757

$13,100,000

Estimated value

150,532 sqft 6.06 AC lot

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Bellingham, WA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Bellingham, WA, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 69,972 square feet of properties for sale, with an estimated market value of $36,733,000.

Sale prices for multifamily properties in Bellingham, WA start at $595,000, averaging $2,040,722, and reaching up to $10,995,000 — 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
98225	$3.5M
98226	$6.2M

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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