Listing provided courtesy of RE/MAX Whatcom County, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2540094
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Request Info2701 Northwest AvenueBellingham, WA 98225
Multi-Family · 3 Beds · 2,376 Sq. ft. | 0.21 Acres$995,000
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2701 Northwest Avenue Overview
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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.
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2701 Northwest Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 2,376
- Price/Sq.ft. $419
- Lot 0.21 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Bellingham
- Elementary School: Columbia Elem
- Middle Or Junior School: Shuksan Mid
- High School: Bellingham High
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 0
- Insurance Expense: 0
- Net Operating Income: 0
- Total Expenses: 0
- Total Monthly Income: 5925
- Water/Sewer/Garbage: 0
Building Information
- New Construction: No
- Year Built: 1925
Location/Region
- Country: US
- County Or Parish: Whatcom
- MLS Area Major: 860 - Bellingham
- Subdivision Name: Bellingham
Tax Information
- Tax Annual Amount: $0.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, Owner Will Carry, See Remarks
- Parcel Number: 3802244781850000
- Possible Use: Commercial
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 2376
- Building Area Units: Square Feet
- Calculated Square Footage: 2376
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate, See Remarks, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 2376
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 12
- Parking Uncovered Total: 12
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.21
- Lot Size Square Feet: 9148
- Lot Size Units: Square Feet
- Site Features: Cable TV, High Speed Internet, Patio
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Methods: Standard Frame
- Roof: Flat
- Structure Type: Triplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Cement/Concrete
- Number Of Units Total: 3
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 1200
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1625
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 3125
- Baths Total: 1
2701 Northwest Avenue Neighborhood
Community
98225 (Bellingham) Demographics
29
Median Age
3,455
Population Density (per sq. mile)
56%
College Educated
$53,093
Estimated Median Income
9,008
Estimated Total Home Owners
12,804
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2701 Northwest Avenue Monthly Cost
2701 Northwest Avenue Market Data
Based on the last 30 days in this zip code
$796,890
Average List Price
$502
Average Price per Square Foot
26
Properties Sold
90
Average Days on Market
172
Properties for Sale
2701 Northwest Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: NWMLS | June 15, 2026 |
|
| 6/15/2026Source: NWMLS | June 15, 2026 |