Bellingham, WA Residential Income Properties for Sale

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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

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$8,400,000

25,265 SF

Multifamily Property Near WWU Campus

1011 21st Street, Bellingham, WA 98225

19-unit multifamily property near Western Washington University.

Assumable debt at 3.1% provides a +5% cash‑on‑cash return in year 1.
Located just two blocks from Western Washington University (WWU) campus.
Potential to boost income by 11.8% in year 1 by implementing RUBS, laundry, and parking fees.
Historically low vacancy rates.
Desirable mix of large 3 & 4 bedroom units.

Updated: Nov 21, 2025

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$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

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Mixed-Use Building in Historic Fairhaven

$2,200,000

0.06 Acres

Mixed-Use Building in Historic Fairhaven

Four-unit, fully leased building with commercial and residential spaces.

1006 Harris Avenue, Bellingham, WA

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$745,000

2,448 SF

Corner Retail with Apartment Above

Leased retail and apartment building with parking and storage.

2731 Meridian St, Bellingham, WA

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Based on your search, we've compiled 67 Potential Opportunities for your consideration. Besides 5 Active listings in Bellingham, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 54 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mount Vernon Six-Unit Apartment Building

$999,999

0.21 Acres

Mount Vernon Six-Unit Apartment Building

Multi-family investment property with low tenant turnover and 100% occupancy.

520 North 1st Street, Mount Vernon, WA 98273

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$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

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$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

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$349,000

0.70 Acres

Downtown Oak Harbor Waterview Property

Mixed-use property with retail and residential potential in developing area.

945 SE Pioneer Way #34,35,36,53, Oak Harbor, WA 98277

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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.

$365,000

9.93 Acres

Commercial Land in Lyman, WA

Commercial zoned property suitable for multiple uses and investment.

31434 Prevedell Road, Lyman, WA 98263

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$240,000

2.00 Acres

Residential Land Parcel Ready to Build

2-acre residential parcel with utilities ready for development.

505 N Barr Rd, Port Angeles, WA 98362

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$239,000

2.08 Acres

Mountain-View Parcel in Agnew

Two-acre parcel with mountain views, ready for your vision.

114 Leprechaun Lane, Port Angeles, WA 98362

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$59,000

1.19 Acres

Port Angeles Vacant Land Parcel

1.19 acre vacant land parcel in Port Angeles, WA.

BOARDING/ROOMING HOUSE • 150,532 SF

Value Estimation

$13,100,000

223 Bakerview Rd, Bellingham, WA 98226-7757

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4915 Samish Way

MOBILE HOME PARK, TRAILER PARK • 86 SF

Value Estimation by Request

4915 Samish Way, Bellingham, WA 98229-6904

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601 Gdn St

BOARDING/ROOMING HOUSE • 2,114 SF

Value Estimation

$920,000

601 Gdn St, Bellingham, WA 98225-5404

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BOARDING/ROOMING HOUSE • 3,670 SF

Value Estimation by Request

1212 High St, Bellingham, WA 98225-5100

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1201 Gdn St

BOARDING/ROOMING HOUSE • 4,327 SF

Value Estimation

$1,435,000

1201 Gdn St, Bellingham, WA 98225-5125

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3212 Mt Baker Hwy

MOBILE HOME PARK, TRAILER PARK • 3.29 Acres

Value Estimation by Request

3212 Mt Baker Hwy, Bellingham, WA 98226-9599

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Bellingham, WA 98226

MOBILE HOME PARK, TRAILER PARK • 0.21 Acres

Value Estimation by Request

Bellingham, WA 98226

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Cordata Pkwy

BOARDING/ROOMING HOUSE • 1,000 SF

Value Estimation by Request

Cordata Pkwy, Bellingham, WA 98226

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4400 Columbine Dr

BOARDING/ROOMING HOUSE • 14,582 SF

Value Estimation

$2,165,000

4400 Columbine Dr, Bellingham, WA 98226-8201

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Samish Way

MOBILE HOME PARK, TRAILER PARK • 1.09 Acres

Value Estimation by Request

Samish Way, Bellingham, WA 98229

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Samish Way

MOBILE HOME PARK, TRAILER PARK • 0.33 Acres

Value Estimation by Request

Samish Way, Bellingham, WA 98229

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1124 Gdn St

BOARDING/ROOMING HOUSE • 2,232 SF

Value Estimation by Request

1124 Gdn St, Bellingham, WA 98225-5124

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Bellingham, WA Residential Income Properties Investment Opportunities Market Analysis

Explore 59 residential income properties for sale in Bellingham, WA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 2,649,693 square feet of properties for sale, with an estimated market value of $11,475,000.

Sale prices for residential income properties in Bellingham, WA start at $255,000, averaging $573,750, and reaching up to $1,935,000 — 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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Bellingham, WA Residential Income Properties for Sale

Old Town Bellingham Development Opportunity

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

Multifamily Property Near WWU Campus

19-unit multifamily property near Western Washington University.

Commercial Land Near I-5 Freeway

Mixed-Use Building in Historic Fairhaven

Corner Retail with Apartment Above

Explore Opportunities in Nearby Cities

Mount Vernon Six-Unit Apartment Building

New Construction Multifamily Investment Property

Income-Producing Property in Oak Harbor

Downtown Oak Harbor Waterview Property

Potential Development Sites for Consideration

Commercial Land in Lyman, WA

Residential Land Parcel Ready to Build

Mountain-View Parcel in Agnew

Port Angeles Vacant Land Parcel

Explore 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 Residential Income Properties Investment Opportunities Market Analysis

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