$875,000
2124 Woburn Street, Bellingham, WA 98229
2,312 Sq Ft
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Main House - Matterport Tour ADU - Matterport Tour

MLS #2491727 / Listing provided by NWMLS & RE/MAX Whatcom County, Inc..

$875,000

2124 Woburn Street
Bellingham, WA 98229

Active 2 days ago · 2 Days
2,312
Sq Ft
$378
Per Sq Ft
1916
Year Built

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 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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Total Uncovered Parking Spaces: 8

Structure

  • Roof: Composition
  • Exterior Features: Wood, Wood Products
  • Foundation: Concrete Ribbon, Slab

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.35
  • Foundation: Concrete Ribbon, Slab
Area Features

Schools

  • High School District: Bellingham
  • High School: Bellingham High
  • Middle School: Kulshan Mid
  • Elementary School: Roosevelt Elementary

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.35
  • Foundation: Concrete Ribbon, Slab
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer Company: City of Bellingham
  • Sewer: Sewer Connected
  • Water Company: City of Bellingham
  • Water Source: Public
  • Water, Sewer, and Garbage: 0
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Cindi Squance

Cindi Squance
Broker | REALTOR®

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