2701 Northwest Avenue, Bellingham, WA 98225 (MLS # 2540094)
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Listing provided courtesy of Northwest MLS; RE/MAX Whatcom County, Inc.
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Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6% cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. 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 4 separate treatment rooms and a 5th 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. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. 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.
| LAST UPDATED | 6/15/2026 | 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 |
| 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 |
| / | |
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 6/16/26 3:37 PM 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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