This listing courtesy of Wayne Kwiatkowski , Coldwell Banker Bain

$799,000

522 12th Street, Bellingham, WA 98225

Multi-Family Home
Built in 1938
3,049sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: September 5, 2026 at 2:22PM
Listing Office:: Coldwell Banker Bain : 360-734-3420
Listing Agent:: Wayne Kwiatkowski : 360-734-3420
MLS ID:: 2560052

Flooring: Laminate
A/C: None
Heating: Fireplace Insert
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 2

Roofing: Composition
General: 52 - DuplexPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Bellingham
County: Whatcom

Zoning: 3702011174480000
View: BayOceanSeaSoundStraitView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Wayne Kwiatkowski , Coldwell Banker Bain

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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