$649,000
Est. $3,278/mo3 bd•1,808 sq ft
3138 Alderwood, Bellingham, WA 98229
• Listed 2026-06-19•5 days on market
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Based on information submitted to the MLS GRID as of June 21, 2026 at 12:41pm (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.
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Rare opportunity to acquire over an acre in Bellingham's Alderwood neighborhood. The property includes a rambler ready for your vision or redevelopment, a detached living space, detached garage, and a large shop building. Recent upgrades include a newer heat pump and improved insulation, adding value while leaving room for future improvements. With multiple existing structures, abundant parking, and a lot size that is increasingly difficult to find within the city, this property presents a unique opportunity for investors, builders, contractors, or buyers seeking space and versatility. Explore the possibilities afforded by the zoning and expansive parcel size. Buyer to verify all development potential, permitted uses, and subdivision opportunities. Conveniently located near shopping, schools, parks, and major commuter routes, this is a rare chance to secure a large in-city property with significant upside potential.
Listed by Erika Buse • COMPASS
Listing updated: June 21, 2026 at 12:41pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542964
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Sat, Jun 27 +1$682,000
+$33,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $597K and $960K.
Rental earnings
$2,050/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$600,000Last sold price
1160 St Paul Street, Bellingham, WA 98229
$730,000Last sold price
805 Bennett Court, 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.
3138 Alderwood, 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.
$3,834 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Bellingham 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.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
