3223 Greenwood Ave, Bellingham, WA 98225 (MLS # 2471672)
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Listing provided courtesy of Northwest MLS; RE/MAX Whatcom County, Inc.
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Rare Multi-Home Investment Opportunity in Birchwood. Exceptional opportunity to acquire a four-home investment property just outside city limits on a quiet residential street in the desirable Birchwood neighborhood. Zoned URMX in Whatcom County, this property offers strong long-term holding value with meaningful redevelopment and rent-growth potential. The homes have historically been rented to long-term, respectful tenants, providing consistent occupancy. With turnover, the properties will benefit from targeted upgrades"”presenting a clear value-add opportunity and upside through rent normalization. Seller financing may be available with 50% down and credit verification, creating additional flexibility for qualified buyers. Please note: No signage or lockboxes. Do not disturb tenants without a scheduled tour. Photos are from prior years. A compelling opportunity for investors seeking steady income today with significant upside over time.
| LAST UPDATED | 1/24/2026 | TRACT | Birchwood |
|---|---|---|---|
| YEAR BUILT | 1928 | COMMUNITY | Birchwood |
| COUNTY | Whatcom | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 860 - Bellingham |
| CONSTRUCTION | See Remarks |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 0.57 acre(s) |
| LOT DESCRIPTION | Paved, Value In Land |
| MLS STATUS | Active |
| STORIES | 1 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Birchwood |
| TAXES | 7641 |
| UTILITIES | Sewer Connected |
| ZONING | See Remarks |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/25/26 12:33 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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