Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom—all in excellent shape. A unique chance to invest now and shape what’s next.
101 days
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112
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5
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Zillow last checked:
Listing updated:
Listed by:
Lorrie M. Dujmovich,
Windermere RE Whatcom, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2511002
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Forced Air, Heat Pump, Electric, Propane
Cooling
None
Features
Flooring: Vinyl Plank, Carpet
Has fireplace: No
Interior area
Total structure area: 12,255
Total interior livable area: 12,255 sqft
Property
Parking
Total spaces: 2
Parking features: RV Parking
Garage spaces: 2
Features
Has view: Yes
View description: Territorial
Lot
Size: 9.6 Acres
Dimensions: 331 x 1272
Features: Paved, Value In Land, Deck, Outbuildings, Propane, RV Parking, Shop
Details
Parcel number: 3802014683840002
Zoning description: Industrial,Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family
Materials
Metal/Vinyl, Stucco, Wood Siding
Foundation: Slab
Roof: Composition,Metal
Condition
Average
Year built: 1973
Major remodel year: 1976
Utilities & green energy
Electric: Company: PSE
Sewer: Septic Tank, Company: Septic
Water: Private, Company: Deer Creek
Utilities for property: Ziply Fiber
Community & HOA
Community
Subdivision: Cordata
Location
Region: Bellingham
Financial & listing details
Price per square foot: $180/sqft
Annual tax amount: $13,968
Date on market: 10/30/2025
Cumulative days on market: 275 days
Listing terms: Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,973/mo
Price history
Date
Event
Price
4/21/2026
Listed for sale
$2,200,000$180/sqft
Source: NWMLS as distributed by MLS GRID #2511002Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.