2701 Northwest Avenue, Bellingham, WA 98225 (MLS # 2540094)
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Two-story mixed-use triplex on sunny corner lot in sought-after Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 3 separate offices (or treatment rooms) and a 4th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates.
| LAST UPDATED | 9/9/2026 | TRACT | Bellingham |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | Bellingham |
| COUNTY | Whatcom | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Columbia Elem |
|---|---|
| Jr. High School | Shuksan Mid |
| High School | Bellingham High |
| PRICE HISTORY | |
| Prior to Sep 9, '26 | $995,000 |
|---|---|
| Sep 9, '26 - Today | $950,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 860 - Bellingham |
| HEAT | Electric, Natural Gas, Wall Furnace |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Corner Lot |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Bellingham |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| ZONING | Commercial |
| SATELLITE VIEW |
| / | |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/11/26 7:22 AM PDT. 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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