631 N forest Street, Bellingham, WA 98225

Property Description

Rare Sehome Hill investment and development opportunity! Situated on a 12,056 sq. ft. lot with stunning bay and city views, this property features an existing triplex plus a detached carriage house just two blocks from WWU. Remodeled carriage house in 2025 which offers 2 bedrooms, 2 bathrooms, private laundry, and dedicated parking below. Triplex features three units full of timeless character, including original fir floors and shared laundry, with a strong rental history and consistent demand due to its prime location. Five total designated parking spaces provide added convenience for tenants. True value lies in the land. Zoned High Density with no maximum unit count, this property offers incredible infill development potential. Retain the existing income-producing structures while adding additional units or explore redevelopment options to maximize the site's density and breathtaking views. Located near Forest & Cedar Park, downtown Bellingham, and Western Washington University, opportunities like this are increasingly rare. Buyer to verify all development potential and zoning requirements. Don't miss your chance to own a premier investment property in one of Bellingham's most sought-after neighborhoods.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 8:22PM

Listing Office:

Hansen Group Real Estate Inc : 360-223-2083

Listing Agent:

Ashleigh Abhold : 360-223-2083

MLS ID:

2540060

Interior

• Flooring: SoftwoodVinyl PlankCarpet
• A/C: Insert
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: Parking spaces: 9

Construction

• Roofing: Shake
• General: 54 - 4-PlexPoured Concrete

Location

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

Lot

• Zoning: 380331012397
• View: BayView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls