2124 Woburn ST, Bellingham, WA 98229
2124 Woburn ST, Bellingham, WA 98229,Video Tour
2124 Woburn ST, Bellingham, WA 98229
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Listed by:RE/MAX Whatcom County, Inc. • Rachael Wilson
$875,000
Est. payment /mo
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5 Beds
2 Baths
2,312 SqFt
Active

2124 Woburn ST Bellingham, WA 98229

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RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

+1(360) 647-1313

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,312 sqft

Price per Sqft $378

Subdivision Roosevelt

MLS Listing ID 2491727

Style 52 - Duplex

Bedrooms 5

Year Built 1916

Annual Tax Amount $4,804

Lot Size 0.350 Acres

Lot Dimensions 120x126x120x127

Property Sub-Type Multi Family

Property 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.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Ceramic Tile, Softwood, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Fenced-Fully, High Speed Internet, Outbuildings, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Roosevelt Elementary

Middle Schools Kulshan Mid

High Schools Bellingham High

School District Bellingham

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

Broker/Owner | License ID: 14060

+1(360) 647-1313

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2124 Woburn ST