2319 Elm St Bellingham, WA 98225
This exceptional mixed-use property at 2319 Elm St, Bellingham, WA 98225, presents a unique investment opportunity. Built in 1911, this 1,356 square foot building sits on a 4,792 square foot lot and boasts a charming blend of historic character and contemporary upgrades. The two-story structure features original refinished doors, floors, and trim, period fixtures, and high ceilings, creating a unique and inviting atmosphere. Modern conveniences include a recently installed high-efficiency HVAC system with air conditioning and modern air filtration, updated electrical, and high-speed internet access. The property also offers three walk-in closets and ample storage space. Zoned Urban Village, this versatile property allows for a variety of uses, including multifamily development, retail with residential living, personal services, office/business space, or even a single-family residence. Its central location near Elizabeth Park and downtown Bellingham provides excellent accessibility and visibility. Four parking spaces are included. This property offers the perfect combination of historic appeal and contemporary functionality, making it an ideal investment for owner-users seeking a unique and well-located property. The asking price is $875,000. Showings are by appointment only.
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Alexander Law Firm, P.S. Law Firm
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Emery & Andrews | Marketplace Sotheby's International Realty Real Estate Agency
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Woodall Patricia S Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.