$875,000
Est. $4,448/mo3 bd•1 ba•1,272 sq ft
2124 Woburn Street, Bellingham, WA 98229
• Listed 2026-06-11•26 days on market
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Based on information submitted to the MLS GRID as of June 25, 2026 at 10:40am (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. This property includes TWO homes: 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.
Listed by Rachael Wilson • RE/MAX Whatcom County, Inc.
Listing updated: June 25, 2026 at 10:40am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2537317
Open houses
No upcoming open houses scheduled for this property.
$858,000
-$17,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $600K and $755K.
Rental earnings
$2,575/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$615,000Last sold price
2016 Ponderosa Court, Bellingham, WA 98229
$697,000Last sold price
3536 Arbor Street, Bellingham, WA 98229
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
2124 Woburn Street, Bellingham, WA 98229
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$5,067 per month
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Bellingham is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 14 days.
$713,000 Sold
7 weeks ago
3 bd•1.5 ba•~2,064 sq ft•Single Family
2109 Ontario Street, Bellingham, WA 98229
2%
Under list
—
Days on market
0.3 mi
Distance
$1,028,390 Sold
2 months ago
3 bd•1.5 ba•~2,251 sq ft•Single Family
1321 Roland Street, Bellingham, WA 98229
0%
Over list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Bellingham School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
