Investment - Homes for Sale in Bellingham, WA

Prime walkable Fairhaven, South Hill & WWU location with a 2 car garage! Great primary residence or investment with no rental cap. This 3-story, split-level, corner unit is very spacious and quiet, including two bedrooms plus a bonus room that could be used as a bedroom, office or home gym. South facing windows and skylights bring in lots of natural light. Vaulted ceilings and added subflooring

Jennifer Glyzinski Keller Williams Western Realty

Rare opportunity to own a zoned Light Industrial (LI) property with a 2,202 sq. ft. single-story building on .86 level acres in a prime Irongate Rd location. This unique property combines visibility, accessibility, and flexibility — perfect for a small business, contractor, warehouse, office, or investment project. The existing 4-bedroom structure/residence with an office space offers multiple

Crystal O'Neill Windermere Real Estate Whatcom

Ideal house hack / owner-occupied or tenant-occupied investment duplex in one of Bellingham’s prime neighborhoods. This well maintained, spacious duplex is being sold with strong income in place and flexible timing. This thoughtfully designed 2006-built duplex features two mirrored 3-bedroom, 2.5-bath units, each with open-concept main-level living, gas fireplace, spacious kitchen with dining

Alana Mey COMPASS

Investment Opportunity! This large split level home located in popular community of Sudden Valley on Lake Whatcom. Offering has three bedrooms, one bath, large back deck, over-sized replated lot with mature landscaping, large trees, plus a shed. Double car attached garage all located in a very convenient location near community mailboxes and Lake Whatcom Blvd. Excellent rental possibility or

Peter Roberts John L. Scott Bellingham

Prime Development Opportunity! Seize this rare chance to own 16.94 acres of level, dry land in North Bellingham! Priced competitively at just $850k this property is ideal for development, agriculture, or investment. Featuring stunning territorial and mountain views, its strategic location offers a blend of rural serenity and urban convenience. Property Highlights • Electricity and gas reported as

Dave Campbell Keller Williams Western Realty

Charming studio loft condo in Sudden Valley with golf course frontage and stunning views! This well-kept unit offers an open floor plan, in-unit laundry, two full bathrooms, and a private balcony overlooking the fairway. Efficiently designed with vaulted ceilings and cozy interior spaces. Enjoy all the amenities Sudden Valley has to offer—lake access, trails, marina, pool, and more. A great

Olivia Kyles Hansen Group Real Estate Inc

Motivated Seller! 7% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights,

Robert Sandoz Windermere Real Estate Whatcom

Charming 1920 farmhouse with endless potential! This 2 bed, 1 bath home sits on a spacious over 4 acre level lot and includes a barn and multiple outbuildings, perfect for storage, hobbies or small scale farming. Currently tenant-occupied, this property offers immediate rental income from four additional dwellings while you can occupy the main house. The home's vintage character blends with

Bali Kaur RE/MAX Whatcom County, Inc.

Mid-county, one-level home w/ shops, ADU potential & income opportunities! Nicely updated, this 1,944 SF, 3-bed, 1.75-bath home features an open layout, updated kitchen & new windows (2024)! Step outside to enjoy trails winding through the property & to the pond, plus various fruit trees. Fenced field is ideal pasture land & multiple chicken coops & sheds support a sustainable lifestyle. Property

Joshua Shiflett Windermere Real Estate Whatcom

Discover affordable downtown living at Orchard Terrace Condos, perfectly positioned in the heart of Bellingham. This bright unit features warm oak flooring, an open kitchen & living room layout, & a spacious bedroom flooded with natural light from west-facing windows. The building includes a large common basement with separate lockable storage & convenient laundry facilities, plus a rooftop deck

Ann Wark COMPASS

Great Investment. 1 Acre corner lot. Build to your needs. Zoned Commercial. 20,000+ in daily traffic. Bus stop right in front of the property. Excellent location in middle of Ferndale, Bellingham and Lynden.

Charles Vogel Home Haven Real Estate LLC

Step into timeless charm & elegance with this beautifully restored 1904 historical home in the heart of Bellingham. Original millwork, dovetailed wood floors, and soaring ceilings preserve the home’s historic charm, while timeless elegance showcase the craftsmanship of a bygone era, while modern updates—include a chef’s kitchen for functional living. Bay views, abundant natural light, and elegant

Alicia Jansen Pennington John L. Scott Bellingham

Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for

Anthony Zapata Keller Williams Western Realty

Affordable entry into Bellingham homeownership! This 2 bed, 1 bath rambler at 3610 Bennett Dr offers quick access to I-5 and all downtown amenities, shops, parks, and dining. In need of some TLC and updates, priced accordingly with loads of potential to personalize and build equity. Features new windows for energy efficiency and a spacious covered deck perfect for year-round entertaining. Ideal

Robert Davis Integris Real Estate

Prime development opportunity: 4.13 acres of pristine flat terrain bordering the prestigious Bellingham Golf & Country Club. This exceptional parcel comes fully entitled for 67 townhomes with preliminary plat approval already secured. Future residents will enjoy ideal location along 8th and 9th holes in this coveted location offering seamless connectivity—minutes from downtown Bellingham, the

Greg Martineau Gage CRE

This property offers excellent versatility with multiple possibilities: redevelopment potential, live-in investment, or rental income (short-term rentals are permitted) in sought-after Fairhaven. Short walking distance to all of Fairhaven's attractions and easy I-5 access via Old Fairhaven Parkway. The 644-square-foot home sits on a generous 5,662-square-foot lot in the Residential Transition-4

Greg Martineau Gage CRE

Light & bright 2-bedroom condo in the heart of Bellingham at The Atrium! This desirable main floor unit features an open floor plan, private deck, and large windows. Freshly updated with brand new carpet and paint throughout. Just a short walk to shops, restaurants, cafes, parks, trails, the Farmer’s Market, and more, offering a lifestyle of convenience and accessibility. Reserved parking spot

Kena Greer Brashear Muljat Group

Prime Sehome Hill triplex just minutes from WWU—ideal for investors or owner-occupants. Main home offers 3 or 4 bedrooms & 1.5 baths; perfect investment or for living on site while generating income basically at the cost of buying a single home. Two additional units (stand alone duplex style at rear of parcel). These 1 bed/1 bath units provide steady rental potential in a high-demand area.

Nav Narwal Coldwell Banker Bain

Incredible opportunity to build your dream home on this almost 32 acre lot in the desirable Silverado development just off Axton Road. Located on a quiet cul-de-sac, this gated property offers privacy, space, and easy access to Bellingham amenities. The parcel is lightly treed with a level building area, shared well with the lot next to it which is also for sale. With CC&Rs in place to protect

Ronda Karn RE/MAX Whatcom County, Inc.

Tucked away on a quiet street in Sudden Valley, this versatile home offers a rare blend of income potential, modern updates and outdoor adventure. It features a fully separate downstairs apartment estimated to rent for $1,000/month by a reputable property manager—perfect for offsetting your mortgage, hosting guests, or multi-generational living. Step outside and discover and deck perched above

Andrew Shelton BHHS Bayside Realty

With the recent rent increases, the property is now offering a 6% cap rate. Discover a prime investment opportunity with this triplex property. It includes a single-family home alongside a newer built 3-bedroom, 2-bathroom duplex. Each unit comes with dedicated parking. The residents enjoy the tranquility of a dead end street with minimal traffic, as well as the convenience of proximity to

Erika Buse COMPASS

75.97 acres zoned R-5a. Multiple potential uses including development possibly 15 lots. Partially fenced and mostly level acreage. Treed with some open space. Located next to a development of distinguished homes. Approximately 15 minutes to downtown Bellingham. Power at street. Tremendous investment opportunity.

John Sands RE/MAX Whatcom County, Inc.

Excellent investment opportunity in Bellingham’s sought-after Puget Neighborhood. This 4-bedroom, 2-bath home offers over 1,200 sqft of living space on a large corner lot with a fully fenced yard. The property features multiple outbuildings, ample off-street parking, and strong potential for an ADU. Inside, you'll find a functional layout, large kitchen and plenty of storage, plus a daylight

Micah Klemmeck eXp Realty

Fully Renovated 1-Bed Condo with Underground Parking & New Roof – Turnkey Move-In Ready. Step into this beautifully updated 1-bedroom, 1-bath condo at 910 Gladstone Street! At 620 sq ft, this unit has been fully renovated with brand-new floors, freshly painted walls, new kitchen and bathroom tile, new bathroom cabinet and shower and stylish blinds throughout — truly turnkey and move-in ready.

Alison Lundy Keller Williams Western Realty

35.38 acre parcel available near new Costco and new residential developments. Zoned Light Industrial. The Bakerview/Pacific Highway area of Bellingham has seen a significant increase of traffic with the addition of new retailers and homes. Don't miss this investment opportunity. Seller financing available.

Gabrielle Balolia RE/MAX Whatcom County, Inc.

Rare Multi-Home Investment Opportunity in Birchwood. Exceptional opportunity to acquire a four-home investment property just outside city limits on a quiet residential street in the desirable Birchwood neighborhood. Zoned URMX in Whatcom County, this property offers strong long-term holding value with meaningful redevelopment and rent-growth potential. The homes have historically been rented to

Chris Edwards RE/MAX Whatcom County, Inc.

Discover a rare South Hill lot with sweeping westerly views of Bellingham Bay's sunsets, passing weather, sailboats and more. Whether you’re looking for an amazing investment with potential multifamily opportunity or the perfect place to build your dream home, this shy 9,000 sq ft lot offers a rare opportunity in a prime location. Stairway access to the South Bay Trail is just across the street,

Nathan Quessenberry Keller Williams Western Realty