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$875,000

For Sale

A day ago

2124 Woburn St, Bellingham, WA

House

MLS® 2490486

5 Bed

2 Bath

2312 sqft

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  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2312 sqft
Garage No
Taxes $4,804
Days Active 1
Lot Size 0.35 acres
Approx. Age 1916
Avg. Price Per Sqft $378
MLS® Number 2490486

Property Address: 2124 Woburn St, Bellingham, WA, 98229-3882

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2490486
Laundry Level
Central VacNo
FireplaceNo
Acreage0.35
Exterior
GarageNo
Approx. Age1916
BasementNone
DrivewayDriveway, Off Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)

Rooms

Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Living Room:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Utility Room:Main FloorNot available
Other:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
2124 Woburn St, Bellingham, WA

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