Property Details
2701 Northwest Avenue
Bellingham, WA 98225
$995,000
Active
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Property Overview
Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6+ cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options – but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Bellingham
Listed
Jun 15, 2026
Structure Type
Triplex
Parcel Number
3802244781850000
Financial Summary
Cap Rate
6.50%
Building & Use
Building Sq Ft
2,376
Leasable Area
2,376 sqft
Total Units
3
Zoning
Commercial
Possible Use
Commercial
Lot Size
9,148 sqft
Year Built
1925
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1925
Exterior Materials
Cement
Sewer
Sewer Connected
Lot Features
Corner Lot
Exterior Features
Cement/Concrete
Community & Access
Directions
from I5, exit Bellis Fair Mall / Meridian Street, left on Meridian. Right at Birchwood Street, left at Northwest. Property will be on your right.
Location
City
Bellingham
County
Whatcom
Coordinates
48.76575, -122.48943
Additional Information
Tax Year
2026
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
