Rare Sehome Hill investment and development opportunity! Situated on a 12,056 sq. ft. lot with stunning bay and city views, this property features an existing triplex plus a detached carriage house just two blocks from WWU. Remodeled carriage house in 2025 which offers 2 bedrooms, 2 bathrooms, private laundry, and dedicated parking below. Triplex features three units full of timeless character, including original fir floors and shared laundry, with a strong rental history and consistent demand due to its prime location. Five total designated parking spaces provide added convenience for tenants. True value lies in the land. Zoned High Density with no maximum unit count, this property offers incredible infill development potential. Retain the existing income-producing structures while adding additional units or explore redevelopment options to maximize the site's density and breathtaking views. Located near Forest & Cedar Park, downtown Bellingham, and Western Washington University, opportunities like this are increasingly rare. Buyer to verify all development potential and zoning requirements. Don't miss your chance to own a premier investment property in one of Bellingham's most sought-after neighborhoods.
Active
Listed by: Hansen Group Real Estate Inc • Ashleigh Abhold
$1,200,000
631 N forest Street, Bellingham, WA 98225
7beds
5baths
3,665sqft
Quadruplex
Built in 1908
-- sqft lot
$1,171,000 Zestimate®
$327/sqft
$-- HOA
What's special
Dedicated parking belowShared laundryRemodeled carriage houseOriginal fir floorsPrivate laundry
- 19 days |
- 465 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Ashleigh Abhold,
Hansen Group Real Estate Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2540060
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Baseboard, Electric
Cooling
- Insert
Features
- Flooring: Softwood, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,665
- Total interior livable area: 3,665 sqft
Property
Parking
- Total spaces: 9
- Uncovered spaces: 9
Features
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
Lot
- Size: 0.28 Acres
- Features: Curbs, Paved, Sidewalk, Value In Land, High Speed Internet
Details
- Parcel number: 380331012397
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Poured Concrete
Condition
- Year built: 1908
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Bellingham
- Water: Public, Company: City of Bellingham
Community & HOA
Community
- Subdivision: South Hill
Location
- Region: Bellingham
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $1,080,943
- Annual tax amount: $8,845
- Date on market: 6/18/2026
- Cumulative days on market: 20 days
- Listing terms: Conventional
Estimated market value
$1,171,000
$1.11M - $1.23M
$2,244/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $1,200,000$327/sqft |
Source:  NWMLS as distributed by MLS GRID #2540060 Report a problem | ||
| 12/30/2021 | Sold | $1,200,000+361.5%$327/sqft |
Source: Public Record Report a problem | ||
| 10/11/2002 | Sold | $260,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,846 +2.6% | $1,080,943 -2.5% |
| 2023 | $8,623 +8.6% | $1,108,464 +18% |
| 2022 | $7,943 +16.5% | $939,394 +28% |
| 2021 | $6,817 +1.9% | $733,903 +8% |
| 2020 | $6,688 | $679,539 +29.3% |
| 2019 | $6,688 +25% | $525,403 +5.9% |
| 2018 | $5,350 +6.1% | $496,298 +16.2% |
| 2017 | $5,040 -0.7% | $427,274 +9.9% |
| 2016 | $5,075 +28.1% | $388,766 +7.2% |
| 2015 | $3,961 | $362,782 +3.1% |
| 2014 | $3,961 -0.2% | $351,873 +2.8% |
| 2013 | $3,970 | $342,165 +2.9% |
| 2012 | -- | $332,443 -3% |
| 2010 | -- | $342,751 -7.6% |
| 2009 | $3,343 +5% | $370,780 |
| 2008 | $3,184 | $370,780 +14.6% |
| 2007 | $3,184 -13.6% | $323,510 |
| 2005 | $3,687 | $323,510 |
| 2004 | $3,687 +19.4% | $323,510 +26.8% |
| 2003 | $3,087 +2.8% | $255,050 |
| 2002 | $3,002 +182.3% | $255,050 +183.3% |
| 2001 | $1,063 | $90,025 |
| 2000 | -- | $90,025 +10.3% |
| 1999 | -- | $81,655 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
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Climate risks
Neighborhood: South Hill
Nearby schools
GreatSchools rating
- 8/10Lowell Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 8/10Fairhaven Middle SchoolGrades: 6-8Distance: 2.1 mi
- 9/10Sehome High SchoolGrades: 9-12Distance: 1 mi
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- Washington
- Whatcom County
- Bellingham
- 98225
- South Hill
- 631 N forest Street
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