Listed by Muljat Group
$1,599,000

344 E Bellis Fair Pkwy Bellingham, WA 98226

Meridian Neighborhood

Estimated payment $9,977/month

Total Views 2,490
8 Beds
8 Baths
5,992 Sq Ft
$267 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • Territorial View
  • Patio
  • Squalicum High School Rated A-
  • Cul-De-Sac
  • Property is in very good condition

About This Home

Turnkey 4-Plex near Whatcom Community College and Bellis Fair Mall - Prime Investment Opportunity! Located just steps from the grocery store and the major retail corridor of Bellingham, this property offers income and long-term upside potential. Each unit features 2 bedrooms and 2 bathrooms with spacious layouts, fireplace, updated appliances, designated parking, nearby bus lines and in-unit laundry. The private decks and patios offer an escape from the indoors. Strong rental history with less than 1% vacancy rate. Just minutes to I-5, restaurants, parks, and shopping. This is a great opportunity in Bellingham's demanding rental market.

Listing Agent

Ian Steger

Muljat Group License #118196 Listed on: 06/27/2025

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2397916

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,608

Year Built

  • Built in 2002

Lot Details

  • 0.32 Acre Lot
  • Cul-De-Sac
  • Property is in very good condition

HOA Fees

  • $171 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 5,992 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Walnut Grove Short Condos
  • Bakerview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803181724800000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,608

Year Built

Built in 2002

Lot Details

0

HOA Fees

$171 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2002
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Walnut Grove Short
  • New Construction: No
  • CalculatedSquareFootage: 5992
  • Special Features: VirtualTour
  • Cumulative Days on Market: 47

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COB
  • WaterCompany: COB
  • WaterSewerGarbage: 4954

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 171
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 32

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3803181724800000
  • Lot Size Acres: 0.3208
  • Lot Size Sq Ft: 13975
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 16.66
  • LeasedItems: None
  • TotalMonthlyIncome: 6800

Multi Family

  • Gross Scheduled Income: 81600
  • Net Operating Income: 46745
  • Number Of Units Total: 4
  • Electric Expense: 40
  • Insurance Expense: 5500
  • Leasable Area: 5972
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12608

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,513 $1,541,028 $237,834 $1,303,194
2023 $12,513 $1,608,790 $248,292 $1,360,498
2022 $10,833 $1,411,219 $217,800 $1,193,419
2021 $8,091 $1,166,297 $180,000 $986,297
2020 $7,819 $822,060 $175,241 $646,819
2019 $6,995 $767,947 $163,856 $604,091
2018 $7,239 $688,786 $146,981 $541,805
2017 $6,293 $609,445 $130,050 $479,395
2016 $5,762 $553,729 $118,350 $435,379
2015 $6,107 $527,740 $112,500 $415,240
2014 -- $541,279 $116,100 $425,179
2013 -- $517,336 $112,500 $404,836
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $1,599,000 -- $267 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- First American Title Insuran
Warranty Deed $585,000 First American Title Insuran
Warranty Deed -- Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 Negative Amortization
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2397916

Northwest Multiple Listing Service (NWMLS)

APN: 380318-172480-0000

Washington Whatcom County Bellingham 98226 Meridian

344 E Bellis Fair Pkwy, Bellingham, WA

This home is located at 344 E Bellis Fair Pkwy, Bellingham, WA 98226 and is currently priced at $1,599,000, approximately $266 per square foot. This property was built in 2002. 344 E Bellis Fair Pkwy is a home located in Whatcom County with nearby schools including Parkview Elementary School, Shuksan Middle School, and Squalicum High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Listing Agent
Ian Steger
Section Image
Muljat Group
(360) 295-4764