Fully restored Victorian duplex offering immediate income and major future upside in a convenient in-town Bellingham location. Rebuilt down to the studs, this unique property blends historic character with extensive improvements, creating a rare opportunity for investors or buyers seeking both cash flow and long-term potential. As currently configured, the duplex offers projected rental income of approximately $7,300 per month, making it an attractive income-producing asset from day one. Included in the package is the adjacent vacant lot, which previously had a full set of plans for a 4-plex. Together, the restored duplex and additional lot create the potential for a 6-unit overall project, combining current income with future development opportunity. The home itself offers the charm, presence, and architectural detail that only a classic Victorian can provide, while the package as a whole presents a compelling hybrid of existing rental performance and additional build potential. Rare chance to acquire a beautifully restored duplex with flexibility for owner-occupants, investors, or multigenerational living, conveniently located near downtown amenities, shopping, dining, and everyday services.