2124 Woburn Street, Bellingham, WA 98229 (MLS # 2490486)

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Listing provided courtesy of Northwest MLS; RE/MAX Whatcom County, Inc.

PRICE $875,000 dsIDX morgage calculator
BEDS 5
BATHS 2
HOME SIZE 2,312 sqft
LOT SIZE 15,246 sqft
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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.

LAST UPDATED 3/11/2026 TRACT Roosevelt
YEAR BUILT 1916 COMMUNITY Roosevelt
COUNTY Whatcom STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Roosevelt Elementary
Jr. High School Kulshan Mid
High School Bellingham High


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Dryer, Microwave, Refrigerator, Washer
AREA 860 - Bellingham
BASEMENT None
CONSTRUCTION Wood Siding
HEAT Electric, Forced Air, Natural Gas
INTERIOR Dbl Pane/Storm Window
LOT 0.35 acre(s)
LOT DESCRIPTION Alley, Curbs, Paved, Sidewalk
LOT DIMENSIONS 120x126x120x127
MLS STATUS Active
PARKING Driveway, Off Street
STORIES 1
STYLE 10 - 1 Story
SUBDIVISION Roosevelt
TAXES 4803.94
UTILITIES Sewer Connected
WATER Public
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/11/26 4:23 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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