$799,000
Est. $4,129/mo3 bd•1.5 ba•968 sq ft
522 12th Street, Bellingham, WA 98225
• Listed 2026-07-24•4 days on market
Talk to a local RexMont expert
Avg response under 5 mins
The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Listed by Wayne Kwiatkowski • Coldwell Banker Bain
Listing updated: September 5, 2026 at 12:01pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2560051
Open houses
No upcoming open houses scheduled for this property.
522 12th Street, 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
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.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,925 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%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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 for about 1% below list price.
Time on market: The average home goes pending in around 18 days.
$1,200,000 Sold
3 weeks ago
4 bd•3.25 ba•~4,591 sq ft•Single Family
240 S Forest Street, Bellingham, WA 98225
7%
Under list
—
Days on market
0.5 mi
Distance
$885,000 Sold
8 weeks ago
4 bd•2 ba•~2,084 sq ft•Single Family
1315 Mill Avenue, Bellingham, WA 98225
7%
Under list
—
Days on market
0.5 mi
Distance
$985,000 Sold
3 months ago
2 bd•0.75 ba•~1,112 sq ft•Single Family
917 13th Street, Bellingham, WA 98225
14%
Under list
—
Days on market
0.3 mi
Distance
$899,000 Sold
4 months ago
3 bd•2.5 ba•~1,620 sq ft•Single Family
805 11th Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.2 mi
Distance
$770,000 Sold
4 months ago
3 bd•2 ba•~1,970 sq ft•Single Family
206 Bayside Place, Bellingham, WA 98225
2%
Over list
—
Days on market
0.9 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 5, 2026 at 12:01pm (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.
$784,000
-$15,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $425K and $985K.
Rental earnings
$2,350/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$985,000Last sold price
917 13th Street, Bellingham, WA 98225
$565,000Last sold price
1027 21st Street, 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.
More homes in this area that match your range.
$460,000
700 11th Street #c-1, Bellingham, WA 98225
Jay Reilly · Windermere RE Whatcom, Inc.
$450,000
700 11th Street #c4, Bellingham, WA 98225
Max Burrage · Bellingham Real Estate Company
$499,950
924 N Garden Street #201, Bellingham, WA 98225
Kyle R. Brown · John L. Scott Skagit
$475,000
1015 Railroad Avenue #512, Bellingham, WA 98225
Todd E. Peed · RE/MAX Whatcom County, Inc.
$541,000
1025 Granary Avenue #307, Bellingham, WA 98225
Christopher Erdmann · Realogics Sotheby's Int'l Rlty
$561,000
1025 Granary Avenue #407, Bellingham, WA 98225
Christopher Erdmann · Realogics Sotheby's Int'l Rlty
$854,900
1201 11th Street #303, Bellingham, WA 98225
Jay Reilly · Windermere RE Whatcom, Inc.
$599,900
1007 22nd Street, Bellingham, WA 98225
Michelle R Harrington · COMPASS
$675,000
715 N Garden Street #303, Bellingham, WA 98225
Kevin Geraghty · Windermere RE Whatcom, Inc.
$775,000
619 Willow Road, Bellingham, WA 98225
Gretchen Johnson · HomeSmart One Realty
$730,000
820 N State Street #412, Bellingham, WA 98225
Elizabeth Wolfe · Windermere RE Whatcom, Inc.
$635,000
820 N State Street #614, Bellingham, WA 98225
Elizabeth Wolfe · Windermere RE Whatcom, Inc.
