201 N Commercial Street, Bellingham, WA 98225 (MLS # 2553317)
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Listing provided courtesy of Northwest MLS; John L. Scott, Inc
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Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as "the leading fashionable apartment house in the city and the most modern." Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that's been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term.
| LAST UPDATED | 7/10/2026 | TRACT | Bellingham |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Bellingham |
| COUNTY | Whatcom | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 860 - Bellingham |
| BASEMENT | Yes |
| CONSTRUCTION | Wood Siding |
| HEAT | Electric, Natural Gas |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Alley, Corner Lot, Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Bellingham |
| TAXES | 21170 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| 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 7/11/26 10:35 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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