$875,000
Est. $4,434/mo3 bd•1 ba•1,272 sq ft
2124 Woburn Street, Bellingham, WA 98229
• Listed 2026-06-11•1 day on market
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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.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
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Open Sun, Jun 14$613,000
-$262,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $537K and $697K.
Rental earnings
$1,850/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.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of June 12, 2026 at 05:03am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Rachael Wilson • RE/MAX Whatcom County, Inc.
Listing updated: June 12, 2026 at 05:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2537317
Open Sun, Jun 14 +1
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Open Sun, Jun 14Bellingham is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$379,000 Sold
5 months ago
2 bd•1 ba•~722 sq ft•Single Family
2325 Valencia Street, Bellingham, WA 98229
0%
Over list
—
Days on market
0.2 mi
Distance
$575,000 Sold
6 months ago
•Single Family
2409 Xenia Street, Bellingham, WA 98229
8%
Under list
—
Days on market
0.2 mi
Distance
$679,000 Sold
6 months ago
3 bd•1 ba•~1,320 sq ft•Single Family
2209 W Birch Street, Bellingham, WA 98229
1%
Over list
—
Days on market
0.8 mi
Distance
$600,000 Sold
6 months ago
4 bd•2.5 ba•~2,450 sq ft•Single Family
2321 Crestline, Bellingham, WA 98229
8%
Under list
—
Days on market
0.7 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 Jun 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.
