2124 Woburn Street

Bellingham, WA 98229

  • 5 Bed

  • 2 Bath

  • 2312 SqFt

  • 1 DOM

  • Built: 1916

  • Status: Active

$875,000

X

2124 Woburn Street

Bellingham 98229

$875000

  • 5 Bed

  • 2 Bath

  • 2312 SqFt

  • 1 DOM

  • Built: 1916

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. The property includes a recently updated 3-bedroom, 1-bath home renting for $2,500/month and a fully remodeled 2-bedroom, 1-bath apartment bringing $1,600/month. Tenants pay all utilities, and both units feature fully fenced yards and ample off-street parking, creating a low-maintenance investment with a cap rate exceeding 5% at current rents. An unfinished space ready to be built out into a studio apartment provides an immediate value-add opportunity to increase income. The real upside is the development potential. Zoning aligned with the city’s Middle Housing Ordinance allows for 16+ units, ideal for clusters of fourplex-style buildings. With improved street frontage and alley access, the property offers flexibility for phased redevelopment or a larger future project. The large grassy area north of the home may even provide the opportunity to subdivide, build another home, or pursue a smaller development project down the road. Located just minutes from Whatcom Falls Park and the Interurban Trail, the location supports strong rental demand from residents who value Bellingham’s outdoor lifestyle. Hold for income, add a third unit, subdivide, or plan future redevelopment—this is an investment with immediate performance and long-term upside.

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Residence Information

  • 2312

  • 5

  • 2

  • 0

  • 2

  • Composition

  • 10 - 1 Story

  • 1916

  • None

  • None

  • Concrete Ribbon, Sla

Features and Utilities

  • Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)

  • Dbl Pane/Storm Window

  • Wood, Wood Products

  • Public

  • Sewer Connected

Financial

  • 4803.94

  • Cash, Conventional

  • 03-11-2026

  • 4100

Comparable Information

  • 1

  • 1

  • Cash, Conventional

  • $875,000

  • $875,000

  • Mar 12, 2026 16:44

Schools

Elementary : Roosevelt Eleme N/A Ratings
Middle : Kulshan Mid N/A Ratings
High : Bellingham High N/A Ratings

Map

Listing courtesy of RE/MAX Whatcom County, Inc..

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Mar 14, 2026 09:19 | Listing last modified Mar 12, 2026 16:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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