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Listed by:Coldwell Banker Bain • Nav Narwal

$2,200,000

Est. payment - /mo

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2 Beds

1 Bath

1,596 SqFt

Active

2625 Maplewood AVE Bellingham, WA 98225

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Ryan Born

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

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,596 sqft

Price per Sqft $1,378

Subdivision Birchwood

MLS Listing ID 2500339

Style 56 - 10+ Units

Bedrooms 2

Year Built 1974

Annual Tax Amount $9,462

Lot Size 0.730 Acres

Property Sub-Type Multi Family

Property Description

Take advantage of this rare opportunity to own a high-performing 11-unit mobile home park in the desirable Bellingham market. Offering a solid 6% cap rate and low operating expenses, this property delivers strong, reliable returns with a net income exceeding $131,000 annually. The park features a well-balanced unit mix, including one duplex, five park-owned homes, and four space rents. This diversified setup provides multiple income streams while allowing for continued upside through rent adjustments or operational efficiencies. With low expenses and consistent cash flow, this is an ideal asset for investors seeking stability and long-term growth. Located in a high-demand area with limited affordable housing supply, the property benefits from strong occupancy trends and continued appreciation potential. Bellingham's thriving economy, proximity to major employment hubs, and quality of life make this a highly attractive rental market. Whether you're expanding your portfolio or entering the mobile home park space, this investment offers both immediate income and future upside.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood Products

View Y/N No

Roof Type Composition,See Remarks

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bellingham

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

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Local Services

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Arts & Entertainment

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Event Planning & Services

Automotive

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Local Media

Morrie’s Drive In

2601 Birchwood Ave, Bellingham, WA 98225

Fast Food Phone: 360-733-8812
Papa Murphy’s

1701 Birchwood Ave, Bellingham, WA 98225

Pizza Phone: 360-715-3794
Luis’s Mexican

1538 Birchwood Ave, Bellingham, WA 98225

Mexican Phone: 360-756-8973
Little Caesars Pizza

3212 Northwest Ave Ste A5, Bellingham, WA 98225

Pizza Phone: 360-738-4881
Cafe Culinaire

3028 Lindbergh Ave, Bellingham, WA 98225

Buffets Phone: 360-752-8399
Hawaii BBQ & Noodle House

3212 Northwest Ave, Bellingham, WA 98225

Chinese Phone: 360-527-2333

Educational Environment

Middle Schools (1)Elementary Schools (1)

Name

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