Investment - Homes for Sale in Bellingham, WA

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

Rachael Wilson RE/MAX Whatcom County, Inc.

Exceptionally upgraded, move-in-ready 950 sq ft top-floor condo within walking distance to Whatcom Community College in Bellingham—ideal for campus living, long-term value, or investment potential. No rental cap at this complex. This quiet 1-bedroom, 1 full bath unit includes a versatile bonus room ideal for a home office or storage, a dedicated utility room with in-unit LG smart washer and dryer

Mark Frye RE/MAX Whatcom County, Inc.

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

Ideal 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 area, and attached 2-car garage.

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

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 RE Whatcom, Inc.

Exceptional opportunity to own a prime piece of vacant land featuring beautiful lake views and endless potential. Whether you’re envisioning a custom dream home, a peaceful weekend retreat, or a long-term investment, this property offers the perfect canvas. Enjoy tranquil surroundings and stunning sunsets over the water. Conveniently located with easy access to nearby amenities, yet tucked away

Corky Booze Keller Williams Western Realty

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 RE Whatcom, Inc.

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

Enjoy the convenience of downtown Bellingham living in this bright and inviting 2-bedroom condo located in a highly walkable area near restaurants, cafés, shopping, and entertainment. Just minutes from Western Washington University, the Bellingham waterfront, parks, and downtown dining, this location makes it easy to experience the best of the city. Inside, the condo features durable bamboo

Jacqy Shook Coldwell Banker Bain

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

Discover your ideal coastal haven in the sought-after Edgemoor neighborhood, where sophistication meets the natural splendor of the Pacific Northwest. Set on nearly an acre of lush, manicured grounds, this stunning home boasts sweeping water views, a complete top-to-bottom remodel, and luxurious modern amenities. Inside, vaulted ceilings, French Oak floors, and walls of windows frame breathtaking

Michelle Harrington COMPASS

"Investment opportunity! This DUPLEX is located in the heart of Bellingham; only a few blocks from Trader Joe's and a short 5 minute drive to downtown. Each unit boasts an open layout with 2 bedrooms & 2 bathrooms. Each has all appliances including washer/dryer, 4 off street parking spaces and detached storage sheds. Upstairs unit recently (December 2025) underwent full renovation including new

Don Oneida eXp Realty

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.

Rare Barkley duplex opportunity tucked away at the end of a quiet dead-end street and immediately adjacent to the City’s trail system - privacy, convenience, and lifestyle all in one. This well maintained duplex offers two spacious units, each approximately 1,100 sq ft with 2 bedrooms and 1.5 baths, providing comfortable and functional living spaces. A large carport accommodates up to four

Chet Kenoyer Windermere RE Whatcom, Inc.

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.

Great opportunity to own a 6 bedroom home near WWU in Bellingham’s desirable Puget neighborhood. Offering exceptional flexibility as either a primary residence or a proven investment property. Located on a quiet cul-de-sac, this spacious 2,500sf home provides the size and layout that are increasingly hard to find near campus. Featuring 6 beds, 3.5 baths this home has operated as a successful

Rom Hirss COMPASS

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 20-plex in fantastic Bellingham location! 3330 Northwest Avenue features twenty 888 SF, 2-bedroom, 2-story townhouse-style units, each with private back patios & in-unit laundry. Continuous low-vacancy & promising future upside potential make this a fantastic investment opportunity. The property, comprised of two 4-plexes & two 6-plexes, backs up to the Bellingham Golf & Country Club,

Elizabeth Wolfe Windermere RE Whatcom, 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