Property Details
2124 Woburn Street , Bellingham, WA 98229
Bellingham, WA 98229
$875,000
Active
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About This Home
Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. The property includes 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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Whatcom
Neighborhood
Roosevelt
Listed
Mar 11, 2026
Interior Features
Bedrooms
5
Bathrooms
2.0
Living Area
2,312 sq ft
Basement
None
Entry Level
Main
Interior Features
Dbl Pane/Storm Window
Exterior & Lot
Lot Size
0.35 sqft
Year Built
1916
Exterior Materials
Wood
Parking
Driveway, Off Street
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Bellingham
County
Whatcom
Coordinates
48.75861, -122.44494
Schools
School District
Bellingham
Elementary School
Roosevelt Elementary
Middle School
Kulshan Mid
High School
Bellingham High
Additional Information
Tax Year
2026
Annual Taxes
$4,804
Possession
Array
Inclusions
Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Washer(s)
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of March 21, 2026 8:59 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
