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2124 Woburn StreetBellingham, WA 98229Price: $875,000

  • Price: $875,000
  • Est. Mortgage of $/month
  • 73 Days on Market
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $875,000List Price
  • 5Bedrooms
  • 2Bathrooms
  • 0.35Acreage
  • 2,312Square Feet
Listed by Rachael Wilson of RE/MAX Whatcom County,Inc.
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2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229
2124 Woburn Street Bellingham WA 98229

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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.

Property Details of 2124 Woburn Street

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Listing data courtesy of NWMLS as provided by MLS Grid as of May 22, 2026 6:18 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. Supplied Open House Information is subject to change without notice. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Listing data shown with the three tree icon are provided courtesy of NWMLS. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed.

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