$995,000
Est. $5,073/mo2701 Northwest Avenue, Bellingham, WA 98225
• Listed 2026-06-15•22 days on market
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Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.
Listed by Rebecca Heathcock • RE/MAX Whatcom County, Inc.
Listing updated: July 1, 2026 at 09:55am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2540094
Open houses
No upcoming open houses scheduled for this property.
$976,000
-$19,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $513K and $535K.
Rental earnings
$2,925/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$535,000Last sold price
1210 Logan Street, Bellingham, WA 98225
$530,000Last sold price
2739 Sunset Drive, Bellingham, WA 98225
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.
2701 Northwest Avenue, Bellingham, WA 98225
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.
$6,068 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: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 16 days.
$2,950,000 Sold
3 weeks ago
•Single Family
1306 Dupont Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.5 mi
Distance
$575,000 Sold
4 weeks ago
•Single Family
909 Squalicum Way #101, Bellingham, WA 98225
4%
Under list
—
Days on market
0.6 mi
Distance
$773,000 Sold
6 weeks ago
3 bd•1.5 ba•~1,768 sq ft•Single Family
1315 Astor Street, Bellingham, WA 98225
3%
Under list
—
Days on market
0.6 mi
Distance
$570,000 Sold
2 months ago
•Single Family
521 W Holly Street, Bellingham, WA 98225
19%
Under list
—
Days on market
0.9 mi
Distance
$510,000 Sold
3 months ago
2 bd•1 ba•~815 sq ft•Single Family
2609 Jaeger Street, Bellingham, WA 98225
3%
Under list
—
Days on market
0.4 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.
