2701 Northwest Avenue, Bellingham, WA 98225
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: rebecca heathcock
Office: re/max whatcom county, inc.
MLS#:2540094
Source:NWMLS
2701 Northwest Avenue,Bellingham, WA 98225
$950,000
- - Beds
- - Baths
- 2,376 sq. ft.
- Multi-family
- Pending Feasibility
Price summary
- Price:$950,000
- Price per sq. ft.:$399.83
About this home
Two-story mixed-use triplex on sunny corner lot in sought-after Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). 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 3 separate offices (or treatment rooms) and a 4th 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. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. 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, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates....
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Home facts
- Year built:1925
- Subdivision & Development:Bellingham
- Listing ID #:2540094
- Updated:September 27, 2026 at 08:26 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:2,376 sq. ft.
Structure and exterior
- Roof:Flat Roof
- Year built:1925
- Building area:2,376 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Corner
- Construction Materials:Cement/Concrete Exterior Finish
- Exterior Features:Patio
Schools
- High school:Bellingham High
- Middle school:Shuksan Mid
- Elementary school:Columbia Elem
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$399.83
Features and amenities
- Amenities:Cable TV, High Speed Internet
Parking
- Total parking spaces:12
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