Property Details
2909 Walnut Street
Bellingham, WA 98225
$1,050,000
Active
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Property Overview
Charming 1928 Tudor in the highly desirable Columbia neighborhood. This character-filled property is currently operated as a 3-unit investment, offering flexible living options and strong rental potential. Thoughtful layouts in each unit maximize space while preserving the home’s classic Tudor lines, vintage details, and timeless curb appeal.With 5 bedrooms and 3 full baths, the property blends historic charm with functional living that appeals to both long-term tenants and owner-occupants. Ideal opportunity to live in one unit and rent the other two for income or reduced housing costs.Located in one of Bellingham’s most sought-after neighborhoods, residents enjoy close proximity to downtown, parks, schools, shopping, dining, and everyday amenities. Consistently high rental demand and a prime location make this a standout investment with long-term upside.A rare chance to own a piece of Columbia history while generating reliable income.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Bellingham
Listed
May 21, 2026
Structure Type
Triplex
Parcel Number
3802244173210000
Tax & HOA
Annual Property Tax
$7,703 (2026)
Est. Monthly Tax
$642/mo
Financial Summary
Cap Rate
5.12%
Net Operating Income
$53,800
Gross Scheduled Income
$66,000
Gross Rent Multiplier
15.90
Total Expenses
$12,200
Building & Use
Building Sq Ft
3,088
Leasable Area
3,088 sqft
Total Units
4
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
4,792 sqft
Year Built
1928
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1928
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From Guide Meridian East W. Illinois Street to Walnut Street take a right home on left hand side.
Location
City
Bellingham
County
Whatcom
Coordinates
48.76862, -122.49212
Additional Information
Tax Year
2026
Annual Taxes
$7,703
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 AM. 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.
