Build your portfolio with this Bellingham fourplex offering rental income potential, recent improvements and room for future growth. With three 2BD/1BA units and one 1BD/1BA unit, the property offers options for an investor expanding a portfolio or a buyer looking to live in one unit and build a rental portfolio with the others. The mix of one- and two-bedroom homes provides flexibility for a long-term investment plan, while on-site coin-op laundry adds another income source. Recent improvements include fresh paint in two units, new carpet in Unit B, a new refrigerator in Unit D, and refreshed paint and caulking in the common areas. These updates support the property's rental appeal and give the next owner a starting point for future opportunities. Located in a central Bellingham area near shopping, restaurants, parks and freeway access, the property combines everyday convenience with long-term investment possibilities. Beyond the existing fourplex, the back portion of the lot offers potential for future development, creating another avenue to explore as part of a broader investment strategy. Focus on the existing rental income potential, consider an owner-occupied approach, or explore how the property could fit your plans for future growth. 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
$1,049,700 Zestimate®
$318/sqft
$-- HOA
What's special
On-site coin-op laundry
- --
- on Zillow
- 159
- views
- 10
- saves
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 structure area: 3,456
- 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: $870,299
- Annual tax amount: $6,915
- Date on market: 10/30/2025
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$1,049,700
$997,000 - $1.10M
$2,277/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Listed for sale | $1,099,000+22%$318/sqft |
Source: | ||
| 6/24/2021 | Sold | $901,000+157.4%$261/sqft |
Source: | ||
| 2/2/2005 | Sold | $350,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,227 +4.5% | $870,299 +3% |
| 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






