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ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by:RE/MAX Whatcom County, Inc. • Rachael Wilson

$ 875,000

Est. payment -/mo

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Active

2124 Woburn ST Bellingham, WA 98229

5 Beds

2 Baths

1,272 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,272 sqft

Price per Sqft $687

Subdivision Roosevelt

MLS Listing ID 2538986

Style 52 - Duplex

Bedrooms 5

Year Built 1916

Annual Tax Amount $4,803

Lot Size 0.350 Acres

Property Sub-Type Multi Family

Property Description

Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. This property includes TWO homes: 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 opportunity to subdivide, build another home, or pursue a smaller development project down the road. Located just minutes from Whatcom Falls Park and the Interurban Trail, the location supports strong rental demand from residents who value Bellingham's outdoor lifestyle. Hold for income, add a third unit, subdivide, or plan future redevelopment—this is an investment with immediate performance and long-term upside.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Ceramic Tile, Softwood, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Fenced-Fully, High Speed Internet, Outbuildings, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Alley, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

High Schools Bellingham High

School District Bellingham

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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ONE Real Estate

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+1(360) 201-0908

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