Property Details
4121 Deemer Road
Bellingham, WA 98226
$1,950,000
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Property Overview
Sophisticated newer construction offering three luxury residences on one parcel in a prime Bellingham location. Built in 2022, each beautifully designed residence offers approximately 1,650 square feet with 3 bedrooms, 2.5 bathrooms, and attached 2 car garages, creating the comfort and functionality of standalone homes with the convenience of low maintenance living. Thoughtfully finished with quartz countertops, air conditioning, spacious primary suites with en-suite baths, full size washer and dryer, air exchangers, and wired alarm systems. Private fenced grassy front areas provide additional outdoor enjoyment for each residence. All three residences are currently leased, providing immediate income and long term investment stability. Ideal for investors seeking newer construction, low maintenance ownership, and a property that offers a compelling alternative to traditional multifamily assets. Rare opportunity to own a high quality luxury multi residence property in one of Bellingham’s most desirable markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Whatcom
Neighborhood
Bakerview
Listed
May 19, 2026
Structure Type
Triplex
Parcel Number
3803071650400000
Tax & HOA
Annual Property Tax
$9,487 (2026)
Est. Monthly Tax
$791/mo
Financial Summary
Cap Rate
4.90%
Net Operating Income
$95,314
Gross Scheduled Income
$107,940
Gross Rent Multiplier
20.46
Total Expenses
$12,626
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
4,997
Leasable Area
4,997 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
9,696 sqft
Year Built
2022
Exterior & Lot
Lot Size
0.22 sqft
Year Built
2022
Garage
6 spaces
Exterior Materials
Cement Plank
Sewer
Available
Lot Features
Paved
Exterior Features
Cement Planked
Community & Access
Directions
I-5 exit 256, head north on Guide Meridian. Turn right on E. Bakerview, left on Deemer Rd. and the tri-plex is on the left.
Location
City
Bellingham
County
Whatcom
Coordinates
48.79067, -122.47896
Additional Information
Tax Year
2026
Annual Taxes
$9,487
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.
