2701 Northwest Avenue, Bellingham, WA 98225
Local realty services provided by:Knipe Realty ERA Powered
Listed by: rebecca heathcock
Office: re/max whatcom county, inc.
MLS#:2540094
Source:NWMLS
2701 Northwest Avenue,Bellingham, WA 98225
$995,000
- - Beds
- - Baths
- 2,376 sq. ft.
- Multi-family
- Active
Price summary
- Price:$995,000
- Price per sq. ft.:$418.77
About this home
Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down....
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Home facts
- Year built:1925
- Subdivision & Development:Bellingham
- Listing ID #:2540094
- Updated:July 31, 2026 at 11:40 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:2,376 sq. ft.
Structure and exterior
- Roof:Flat Roof
- Year built:1925
- Building area:2,376 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Corner
- Construction Materials:Cement/Concrete Exterior Finish
- Exterior Features:Patio
Schools
- High school:Bellingham High
- Middle school:Shuksan Mid
- Elementary school:Columbia Elem
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$418.77
Features and amenities
- Amenities:Cable TV, High Speed Internet
Parking
- Total parking spaces:12
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