2124 Woburn Street, Bellingham, WA 98229

Bellingham
Local realty services provided by:Imagine Realty ERA Powered
Listed by: rachael wilson, tessa jarvis
Office: re/max whatcom county, inc.
MLS#:2491727
Source:NWMLS
2124 Woburn Street,Bellingham, WA 98229
$875,000
  • - Beds
  • 2 Baths
  • 2,312 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$875,000
  • Price per sq. ft.:$378.46

About this home

Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. The property includes a recently updated 3-bedroom, 1-bath home renting for $2,500/month and a fully remodeled 2-bedroom, 1-bath apartment bringing $1,600/month. Tenants pay all utilities, and both units feature fully fenced yards and ample off-street parking, creating a low-maintenance investment with a cap rate exceeding 5% at current rents. An unfinished space ready to be built out into a studio apartment provides an immediate value-add opportunity to increase income. The real upside is the development potential. Zoning aligned with the city’s Middle Housing Ordinance allows for 16+ units, ideal for clusters of fourplex-style buildings. With improved street frontage and alley access, the property offers flexibility for phased redevelopment or a larger future project. The large grassy area north of the home may even provide the...

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Home facts

  • Year built:1916
  • Listing ID #:2491727
  • Updated:May 08, 2026 at 11:01 AM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Carpet, Ceramic Tile Floor, Softwood, Vinyl Floor
  • Living area:2,312 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1916
  • Building area:2,312 sq. ft.
  • Lot area:0.35 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Fully, Patio

Schools

  • High school:Bellingham High
  • Middle school:Kulshan Mid
  • Elementary school:Roosevelt Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$875,000
  • Price per sq. ft.:$378.46
  • Tax amount:$4,804 (2026)

Features and amenities

  • Amenities:High Speed Internet

Parking

  • Total parking spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 8, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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