Property Details

2625 Maplewood Avenue
Bellingham, WA 98225
$2,200,000
MLS# 2500339 courtesy of NWMLS Listing firm: Coldwell Banker Bain

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2625 Maplewood Avenue , Bellingham, WA 98225, Bellingham

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2625 Maplewood Avenue , Bellingham, WA 98225, Bellingham

1 / 25
Multi-Family
Property Type
1,596
Bldg Sq Ft
11
Units
6.00%
Cap Rate
1974
Year Built

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
Listed By
Nav Narwal
Coldwell Banker Bain

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