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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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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,312 sqft

Price per Sqft $378

Subdivision Roosevelt

MLS Listing ID 2490486

Style 10 - 1 Story

Bedrooms 5

Full Baths 2

Year Built 1916

Annual Tax Amount $4,803

Lot Size 0.350 Acres

Lot Dimensions 120x126x120x127

Property Sub-Type Single Family Residence

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

Rooms

Basement None

Main Level Bedrooms 5

Interior

Interior Features Dbl Pane/Storm Window

Flooring Ceramic Tile, Softwood, Vinyl, Carpet

Fireplace false

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

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

Story One

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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Breakdown

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Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Pets

Education

El Rinconcito 2

2416 Yew St, Bellingham, WA 98229

Mexican Phone: 360-647-9055
KFC

1120 Barkley Boulevard, Bellingham, WA 98225

Chicken Wings Phone: 360-734-4550
Taqueria Tecalitlan

1263 Barkley Blvd, Bellingham, WA 98226

Mexican Phone: 360-676-2767
Little Caesar’s Pizza

2430 Yew St, Bellingham, WA 98229

Pizza Phone: 360-676-6646
Toakom Asian Bistro

1255 Barkley Blvd, Bellingham, WA 98226

Thai Phone: 360-746-8815
A&W

1120 Barkley Blvd, Bellingham, WA 98226

Fast Food Phone: 360-734-4550
Cruisin Coffee Iowa

1506 Iowa St, Bellingham, WA 98229

Sandwiches Phone: 360-756-1688
Little Caesar’s Pizza

3210-A NW, Bellingham, WA 98225

Pizza Phone: 360-738-4881
Pizzazza

2418 Alabama St, Bellingham, WA 98229

Pizza Phone: 360-647-1122
Black Pearl

202 E Holly St, Bellingham, WA 98226

Vietnamese Phone: 360-318-7655
Koffee Klutch & Deli

1263 Barkley Blvd, Bellingham, WA 98226

Sandwiches Phone: 360-676-2606
Little Caesars Pizza

Yew & Alabama St, Bellingham, WA 98225

Pizza Phone: 360-676-6646

Educational Environment

Elementary Schools (2)

Name

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