The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham's highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer's Market, WWU, and access to Bellingham's scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong - and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.
Details
MLS #
2560051
Listing Type
For Sale
Style
House
Building Name
City of Bellingham
Sub-Type
Resale
Status
Active
Year
1938
Days On Site
64
Listing Provided By
Coldwell Banker Bain | Wayne Kwiatkowski
Features
Bed(s)
3
Bath(s)
2 Total
SQ Feet
968
Story(s)
2
Zoning
RM2
Acreage
0.07
Property View
Yes
Taxes
Property
7147
Area Information
State
WA
County
Whatcom
City
Bellingham
Zip Code
98225
Area
860 Bellingham
Community Name
South Hill
School District
Sehome High
Elementary School
Lowell Elem
High School
Sehome High
Listing VS Median (in South Hill)
Price: $799,000
low | high
Med: $585,000
76.783479349186% of Average
sqft: 968
low | high
Med: 1,702
25.826446280992% of Average
$ / sqft: $825
low | high
Med: $344
100% of Average
On site: 64
low | high
Med: 3
100% of Average
Sourced by Back At You
Market Activity 98225
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 18
Avg $ Per SqFt: $505.63
Min Sale Price: $423,200
Max Sale Price: $1,876,000
Med Sale Price: $740,000
Date: Jul 2026
Sales: 34
Avg $ Per SqFt: $424.62
Min Sale Price: $127,000
Max Sale Price: $1,125,000
Med Sale Price: $669,500
Date: Jun 2026
Sales: 41
Avg $ Per SqFt: $510.92
Min Sale Price: $77,000
Max Sale Price: $2,365,000
Med Sale Price: $615,000
Date: May 2026
Sales: 36
Avg $ Per SqFt: $501.88
Min Sale Price: $200,000
Max Sale Price: $2,500,000
Med Sale Price: $700,000
Date: Apr 2026
Sales: 44
Avg $ Per SqFt: $483.35
Min Sale Price: $4,000
Max Sale Price: $3,650,000
Med Sale Price: $572,500
Date: Mar 2026
Sales: 27
Avg $ Per SqFt: $453.59
Min Sale Price: $50,000
Max Sale Price: $2,025,000
Med Sale Price: $575,000
Date: Feb 2026
Sales: 24
Avg $ Per SqFt: $476.06
Min Sale Price: $83,000
Max Sale Price: $1,900,000
Med Sale Price: $760,000
Date: Jan 2026
Sales: 25
Avg $ Per SqFt: $518.11
Min Sale Price: $232,500
Max Sale Price: $3,300,000
Med Sale Price: $699,000
Date: Dec 2025
Sales: 32
Avg $ Per SqFt: $324.47
Min Sale Price: $13,000
Max Sale Price: $2,050,000
Med Sale Price: $462,500
Date: Nov 2025
Sales: 17
Avg $ Per SqFt: $448.84
Min Sale Price: $230,000
Max Sale Price: $2,100,000
Med Sale Price: $520,000
Date: Oct 2025
Sales: 31
Avg $ Per SqFt: $441.01
Min Sale Price: $260,000
Max Sale Price: $1,350,000
Med Sale Price: $645,000
Date: Sep 2025
Sales: 28
Avg $ Per SqFt: $400.85
Min Sale Price: $235,000
Max Sale Price: $2,200,000
Med Sale Price: $667,000
Sourced by Back At You
Aug 2026
Sales:
18
Avg $ Per SqFt:
$505.63
Min Sale Price:
$423,200
Max Sale Price:
$1,876,000
Med Sale Price:
$740,000
Jul 2026
Sales:
34
Avg $ Per SqFt:
$424.62
Min Sale Price:
$127,000
Max Sale Price:
$1,125,000
Med Sale Price:
$669,500
Jun 2026
Sales:
41
Avg $ Per SqFt:
$510.92
Min Sale Price:
$77,000
Max Sale Price:
$2,365,000
Med Sale Price:
$615,000
May 2026
Sales:
36
Avg $ Per SqFt:
$501.88
Min Sale Price:
$200,000
Max Sale Price:
$2,500,000
Med Sale Price:
$700,000
Apr 2026
Sales:
44
Avg $ Per SqFt:
$483.35
Min Sale Price:
$4,000
Max Sale Price:
$3,650,000
Med Sale Price:
$572,500
Mar 2026
Sales:
27
Avg $ Per SqFt:
$453.59
Min Sale Price:
$50,000
Max Sale Price:
$2,025,000
Med Sale Price:
$575,000
Feb 2026
Sales:
24
Avg $ Per SqFt:
$476.06
Min Sale Price:
$83,000
Max Sale Price:
$1,900,000
Med Sale Price:
$760,000
Jan 2026
Sales:
25
Avg $ Per SqFt:
$518.11
Min Sale Price:
$232,500
Max Sale Price:
$3,300,000
Med Sale Price:
$699,000
Dec 2025
Sales:
32
Avg $ Per SqFt:
$324.47
Min Sale Price:
$13,000
Max Sale Price:
$2,050,000
Med Sale Price:
$462,500
Nov 2025
Sales:
17
Avg $ Per SqFt:
$448.84
Min Sale Price:
$230,000
Max Sale Price:
$2,100,000
Med Sale Price:
$520,000
Oct 2025
Sales:
31
Avg $ Per SqFt:
$441.01
Min Sale Price:
$260,000
Max Sale Price:
$1,350,000
Med Sale Price:
$645,000
Sep 2025
Sales:
28
Avg $ Per SqFt:
$400.85
Min Sale Price:
$235,000
Max Sale Price:
$2,200,000
Med Sale Price:
$667,000
MLS Number: 2560051
Wayne Kwiatkowski – (360) 961-1169 – waynekwiatkowski@cbbain.com
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MLS Number: 2560051
Wayne Kwiatkowski – (360) 961-1169 – waynekwiatkowski@cbbain.com