2816 2818 Valencia Street, Bellingham, WA 98226

Bellingham, WA 98226 · Bellingham
4 bd4 ba2,216 sqft0.17 ac lotBuilt 1992Multi-family
$593,750 $268 / sqft · Cumulative Days Active: 56 Estimate your monthly payment ↓
Multi-family, Bellingham Listing by RE/MAX Whatcom County, Inc. 1 / 29
Price / sqft$268
Lot0.17 acres
Year built1992
TypeMulti-family
HOANone
Cumulative Days Active56

About this home

EXCEPTIONAL INVESTMENT OPPORTUNITY – PRICED BELOW RECENT $700,000 APPRAISAL! Outstanding value in a desirable Bellingham location with significant potential for increased rental income! A neighboring identical duplex is generating $4,200 per month, demonstrating the substantial upside potential as rents are adjusted to market levels. This well-maintained duplex features two spacious, two-story units, each offering 2 bedrooms, 1.5 baths, and approximately 1,108 sq ft. Both units include generous laundry/utility rooms with valuable bonus space, private decks and patios, and covered parking. Conveniently located near trails, Barkley Village, Regal Cinema, restaurants, shopping, and everyday amenities. An excellent opportunity to acquire an income-producing property below its recently appraised value, with strong potential for rental growth and long-term appreciation. The adjacent duplex at 2828/2830 Valencia St is also available, creating a rare opportunity to purchase two neighboring investment properties!

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

Listed Nov 6, 2026MLS# 2598340

Facts & features

4Beds
4Baths
2,216 sqftLiving area
$268Price / sqft
1992Year built
0.17 acLot
Interior
Bedrooms4
Bathrooms4
Living area2,216 sqft
FlooringCeramic Tile, Vinyl, Carpet
Building
TypeMulti-family
Year built1992
RoofComposition
FoundationPoured Concrete
Lot & exterior
Lot size0.17 acres (7,405 sqft)
WaterfrontNo
ZoningMulti-Family
Utilities
HeatingElectric
SewerSewer Connected
WaterPublic
HOA & taxes
HOA duesNone
Property tax (2026)$5,793 / yr
Interior features
Exterior & lot
Metal/Vinyl

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$3,59530-year fixed · 6.5%
P&I $3,002Taxes $483Insurance $110
Plus ~$17,813 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 Nov 6, 2026Listed for sale $593,750

Tax history

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

Schools

Bellingham School District
ElementarySunnyland Elem
MiddleWhatcom Mid
HighSqualicum 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 Bellingham6 min
WWU8 min
St. Joseph Hospital5 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$620k586 active listings
Cumulative Days Active83median, active listings
List price per sqft$391this home: $268
Homes for sale586in Bellingham

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

Listing details

StatusActive
MLS #2598340
ListedNov 6, 2026
List price$593,750
Cumulative Days Active56
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 Nov 6, 2026, 11:17 AM (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.
$593,750Tour this home