Pending FeasibilityPrice drop

201 N Commercial Street, Bellingham, WA 98225

Bellingham, WA 98225 · Bellingham
20 bd16 ba11,180 sqft0.15 ac lotBuilt 1900Multi-family
$2,100,000 $188 / sqft · Cumulative Days Active: 77 Estimate your monthly payment ↓
Multi-family, Bellingham Listing by John L. Scott, Inc 1 / 23
Price / sqft$188
Lot0.15 acres
Year built1900
TypeMulti-family
HOANone
Cumulative Days Active77

About this home

Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as “the leading fashionable apartment house in the city and the most modern.” Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that’s been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term.

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

Price drop
Listed Jul 10, 2026MLS# 2553317

Facts & features

20Beds
16Baths
11,180 sqftLiving area
$188Price / sqft
1900Year built
0.15 acLot
Interior
Bedrooms20
Bathrooms16
Living area11,180 sqft
FlooringLaminate, Softwood, Vinyl
Building
TypeMulti-family
Year built1900
RoofTorch Down
Lot & exterior
Lot size0.15 acres (6,534 sqft)
WaterfrontNo
Utilities
HeatingElectric, Natural Gas
SewerSewer Connected
WaterPublic
HOA & taxes
HOA duesNone
Property tax (2026)$21,170 / yr
Interior features
Exterior & lot
WoodWood Products

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$12,49330-year fixed · 6.5%
P&I $10,619Taxes $1,764Insurance $110
Plus ~$63,000 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 Jul 10, 2026Listed for sale $2,250,000

Tax history

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

Schools

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 Bellingham4 min
WWU6 min
St. Joseph Hospital6 min
Peace Arch border32 min

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

Median list price$600k600 active listings
Cumulative Days Active74median, active listings
List price per sqft$392this home: $188
Homes for sale600in Bellingham

Area figures compiled by irenakolbert.com from current active NWMLS listings — not part of this listing's data.

This home's list price per square foot is about 52% below the median of current Bellingham listings. Irena can pull recent closed sales on this street before you write an offer.

Listing details

StatusPending Feasibility
MLS #2553317
ListedJul 10, 2026
List price$2,100,000
Cumulative Days Active77
Property typeMulti-family
Listing brokerageJohn L. Scott, Inc
SourceNWMLS as distributed by MLS GRID
Listing courtesy of John L. Scott, Inc. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:48 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.
$2,100,000Tour this home