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Financial
Distress signals
Property profile

2728 Maplewood Ave Bellingham, WA 98225

OFF-MARKET
Commercial real estate
Property ID
US90-1141771
42,358 SF 1.98 ac lot Built 1980
Last sale Mar 2025 · $8,104,060
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 51-unit apartment complex presents a compelling investment opportunity in Bellingham, WA. Priced at $9,180,000, this property boasts a substantial 42,358 square feet of space across five buildings, situated on an 86,249 square foot lot. The complex comprises 37 two-bedroom and 13 one-bedroom units, with 75 parking spaces available. Built in phases between 1961 and 1991, the buildings are classified as Class D and feature a mix of 6-unit, 14-unit, and 16-unit structures,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$31k
Tax billed · 2021
Assessed value · 2022$4.24M
Assessed land$1.28M
Assessed improvement$2.97M
Effective rate0.73%

Value estimate

· Oct 2026
$7.84M
$7.05M – $8.62M
CAP approach$8.27M
Submarket $/SF estimate$6.86M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$278/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$162 – $451

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM2.5
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.2
Building Supply12.1
HVAC Service11.7

Location

2728 Maplewood Ave Bellingham, WA 98225-1205
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
333 32nd, Bellingham, WA 98225-0935 $8,056,584 Feb 2026 29,992 SF
3528 Nwnw, Bellingham, WA 98225-1239 $9,350,000 Jul 2025 34,528 SF
702 32nd, Bellingham, WA 98225-6963 $4,900,000 Mar 2025 37,138 SF
621 32nd, Bellingham, WA 98225-6950 $6,663,700 Dec 2024 30,191 SF
900 Frst, Bellingham, WA 98225-5572 $54,850,000 Dec 2024 95,444 SF
2305 Douglas, Bellingham, WA 98225-8640 $800,000 Jan 2024 31,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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