The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Active
Listed by: Coldwell Banker Bain • Wayne Kwiatkowski
$799,000
522 12th Street, Bellingham, WA 98225
3beds
968sqft
Single Family Residence
Built in 1938
3,049 Square Feet Lot
$789,700 Zestimate®
$825/sqft
$-- HOA
What's special
- 25 days |
- 1,376 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Wayne Kwiatkowski,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2560051
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom three quarter
- Level: Lower
Bathroom three quarter
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, See Remarks, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove(s)/Range(s), Refrigerator(s), Water Heater: gas, Water Heater Location: crawl space
Features
- Flooring: Laminate
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Gas, Lower Level: 1, Upper Level: 1, Fireplace
Interior area
- Total structure area: 968
- Total interior livable area: 968 sqft
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Fireplace, Water Heater
- Has view: Yes
- View description: Bay, City, Ocean, Sea, Sound
- Has water view: Yes
- Water view: Bay,Ocean,Sea,Sound
Lot
- Size: 3,049 Square Feet
- Dimensions: 104' x 35
- Features: Paved, Sidewalk, Cable TV, Deck, Gas Available
- Topography: Partial Slope
Details
- Parcel number: 3702011174480000
- Zoning: RM2
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1938
- Major remodel year: 1938
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: COB
- Water: Community, Company: COB
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: South Hill
Location
- Region: Bellingham
Financial & listing details
- Price per square foot: $825/sqft
- Tax assessed value: $886,908
- Annual tax amount: $7,147
- Date on market: 3/17/2026
- Cumulative days on market: 156 days
- Listing terms: Conventional
- Inclusions: Refrigerator(s), Stove(s)/Range(s)
- Total actual rent: 3000
Estimated market value
$789,700
$750,000 - $829,000
$2,694/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $799,000+83.7%$825/sqft |
Source:  NWMLS as distributed by MLS GRID #2560051 Report a problem | ||
| 5/15/2008 | Listing removed | $435,000$449/sqft |
Source: VLS Homes Report a problem | ||
| 3/2/2008 | Listed for sale | $435,000$449/sqft |
Source: VLS Homes Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,259 +1.6% | $886,908 -3.5% |
| 2023 | $7,147 +7.8% | $918,617 +17.5% |
| 2022 | $6,629 +12.6% | $781,806 +24% |
| 2021 | $5,886 +5.3% | $630,506 +14% |
| 2020 | $5,591 | $553,071 +5.4% |
| 2019 | $5,591 +1.8% | $524,984 +61.3% |
| 2018 | $5,494 +61.7% | $325,496 +12.7% |
| 2017 | $3,397 -3.3% | $288,921 +8.6% |
| 2016 | $3,513 +24.6% | $265,956 +5.5% |
| 2015 | $2,819 | $252,176 +5% |
| 2014 | $2,819 +1.6% | $240,165 +4.6% |
| 2013 | $2,775 | $229,655 -2.5% |
| 2012 | -- | $235,466 -0.1% |
| 2011 | -- | $235,781 -2.6% |
| 2010 | -- | $242,181 -6.8% |
| 2009 | $2,344 +5.9% | $259,980 |
| 2008 | $2,214 | $259,980 +15.6% |
| 2007 | $2,214 -13.6% | $224,880 |
| 2005 | $2,563 | $224,880 |
| 2004 | $2,563 +66.7% | $224,880 +77% |
| 2003 | $1,538 +2.8% | $127,025 |
| 2002 | $1,495 -0.4% | $127,025 |
| 2001 | $1,501 | $127,025 |
| 2000 | -- | $127,025 +19.8% |
| 1999 | -- | $106,030 |
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: South Hill
Nearby schools
GreatSchools rating
- 8/10Lowell Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Fairhaven Middle SchoolGrades: 6-8Distance: 1 mi
- 9/10Sehome High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lowell Elem
- Middle: Fairhaven Mid
- High: Sehome High
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.
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