Property Details
2625 Maplewood Avenue
Bellingham, WA 98225
$2,200,000
Active
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Property Overview
Take advantage of this rare opportunity to own a high-performing 11-unit mobile home park in the desirable Bellingham market. Offering a solid 6% cap rate and low operating expenses, this property delivers strong, reliable returns with a net income exceeding $131,000 annually. The park features a well-balanced unit mix, including one duplex, five park-owned homes, and four space rents. This diversified setup provides multiple income streams while allowing for continued upside through rent adjustments or operational efficiencies. With low expenses and consistent cash flow, this is an ideal asset for investors seeking stability and long-term growth. Located in a high-demand area with limited affordable housing supply, the property benefits from strong occupancy trends and continued appreciation potential. Bellingham’s thriving economy, proximity to major employment hubs, and quality of life make this a highly attractive rental market. Whether you're expanding your portfolio or entering the mobile home park space, this investment offers both immediate income and future upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Birchwood
Listed
Apr 1, 2026
Financial Summary
Cap Rate
6.00%
Net Operating Income
$131,708
Gross Scheduled Income
$161,220
Gross Rent Multiplier
13.65
Total Expenses
$29,512
Building & Use
Building Sq Ft
1,596
Leasable Area
4,096 sqft
Total Units
11
Zoning
Commercial,Multi-Family
Possible Use
Commercial, Multi-Family
Lot Size
31,799 sqft
Year Built
1974
Exterior & Lot
Lot Size
0.73 sqft
Year Built
1974
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Metal/Vinyl, Wood Products
Location
City
Bellingham
County
Whatcom
Coordinates
48.77543, -122.49957
Additional Information
Tax Year
2025
Annual Taxes
$9,462
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
