Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for investors seeking steady returns and long-term upside. Current rents are below market, creating immediate value-add potential with rent adjustments or upgrades. Whether you’re entering the investment market or expanding your portfolio, this property offers solid cash flow today and room to grow tomorrow. Buyer to verify development potential.
Active
Listed by: Keller Williams Western Realty • Anthony Zapata
$1,099,000
2312 Orleans Street, Bellingham, WA 98229
7beds
4baths
3,456sqft
Quadruplex, Multi Family
Built in 1973
-- sqft lot
$1,044,000 Zestimate®
$318/sqft
$-- HOA
What's special
On-site coin-op laundry
- 296 days |
- 150 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Anthony Zapata,
Keller Williams Western Realty,
Ben Kinney,
Keller Williams Western Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2449566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total interior livable area: 3,456 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 5
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,018 Square Feet
- Features: Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, High Speed Internet
Details
- Parcel number: 3803201680080000
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1973
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Bellingham
- Water: Public, Company: City of Bellingham
Community & HOA
Community
- Subdivision: Bellingham
Location
- Region: Bellingham
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $844,941
- Annual tax amount: $6,915
- Date on market: 10/30/2025
- Cumulative days on market: 297 days
- Listing terms: Conventional,FHA
Estimated market value
$1,044,000
$992,000 - $1.10M
$2,015/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Listed for sale | $1,099,000+22%$318/sqft |
Source:  NWMLS as distributed by MLS GRID #2449566 Report a problem | ||
| 6/24/2021 | Sold | $901,000+157.4%$261/sqft |
Source: NWMLS as distributed by MLS GRID #1751742 Report a problem | ||
| 2/2/2005 | Sold | $350,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,915 +2.6% | $844,941 -2.5% |
| 2023 | $6,741 +6.7% | $866,403 +16% |
| 2022 | $6,316 +14.7% | $746,912 +26% |
| 2021 | $5,506 +1.9% | $592,787 +8% |
| 2020 | $5,402 | $548,877 +11.5% |
| 2019 | $5,402 +7.8% | $492,171 +11.4% |
| 2018 | $5,011 +11.7% | $441,786 +16.1% |
| 2017 | $4,487 -0.7% | $380,364 +10.9% |
| 2016 | $4,518 +32.5% | $343,009 +9.8% |
| 2015 | $3,410 | $312,389 +5.4% |
| 2014 | $3,410 +2% | $296,384 +1.1% |
| 2013 | $3,344 | $293,198 +4.7% |
| 2012 | -- | $280,170 |
| 2009 | $2,526 -8.4% | $280,170 |
| 2008 | $2,758 | $280,170 |
| 2007 | $2,758 +66.8% | $280,170 |
| 2005 | $1,653 | $280,170 +93.1% |
| 2004 | $1,653 -5.9% | $145,080 |
| 2003 | $1,756 +2.8% | $145,080 |
| 2002 | $1,708 -0.4% | $145,080 |
| 2001 | $1,714 | $145,080 +1.4% |
| 2000 | -- | $143,070 |
| 1999 | -- | $143,070 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Roosevelt
Nearby schools
GreatSchools rating
- 5/10Sunnyland Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 8/10Whatcom Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Bellingham High SchoolGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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