Pending FeasibilityPrice drop

2701 Northwest Avenue, Bellingham, WA 98225

Bellingham, WA 98225 · Bellingham
— bd3 ba2,376 sqft0.21 ac lotBuilt 1925Multi-family
$950,000 $400 / sqft · Cumulative Days Active: 102 Estimate your monthly payment ↓
Multi-family, Bellingham Listing by RE/MAX Whatcom County, Inc. 1 / 36
Price / sqft$400
Lot0.21 acres
Year built1925
TypeMulti-family
HOANone
Cumulative Days Active102

About this home

Two-story mixed-use triplex on sunny corner lot in sought-after Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). 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 3 separate offices (or treatment rooms) and a 4th 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. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. 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, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates.

NWMLS logoListing courtesy of the Northwest Multiple Listing Service (NWMLS).

Price drop
Listed Jun 15, 2026MLS# 2540094

Facts & features

3Baths
2,376 sqftLiving area
$400Price / sqft
1925Year built
0.21 acLot
Interior
Bathrooms3
Living area2,376 sqft
FlooringLaminate, See Remarks, Carpet
Building
TypeMulti-family
Year built1925
RoofFlat
FoundationPoured Concrete
Lot & exterior
Lot size0.21 acres (9,148 sqft)
ViewTerritorial
WaterfrontNo
ZoningCommercial
Utilities
HeatingElectric, Natural Gas
SewerSewer Connected
HOA & taxes
HOA duesNone
Interior features
Exterior & lot
Cement/Concrete

Monthly payment

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Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term
Down payment$20%
Interest rate%
Est. total / month$5,66630-year fixed · 6.5%
P&I $4,804Taxes $752Insurance $110
Plus ~$28,500 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →
Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Jun 15, 2026Listed for sale $995,000

Tax history

YearAssessed valueProperty tax
Source: Whatcom County Assessor. Assessed value is not a market value.

Schools

Bellingham School District
ElementaryColumbia Elem
MiddleShuksan Mid
HighBellingham High
School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.
⬤ Street view ↗
Downtown Bellingham5 min
WWU7 min
St. Joseph Hospital6 min
Peace Arch border31 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Listing details

StatusPending Feasibility
MLS #2540094
ListedJun 15, 2026
List price$950,000
Cumulative Days Active102
Property typeMulti-family
Listing brokerageRE/MAX Whatcom County, Inc.
SourceNWMLS as distributed by MLS GRID
Listing courtesy of RE/MAX Whatcom County, Inc.. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:46 PM (date and time MLS GRID Data was obtained). 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. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.
$950,000Tour this home