2816 2818 Valencia Street Bellingham, WA $ 593,750
2816 2818 Valencia Street
$ 593,750
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2816 2818 Valencia Street

Bellingham, WA, 98226
$ 593,750
Bedrooms4 Baths4.0 Sq 2,216

Monthly Estimate*

$ 4,101

Listed by Keith Cook, RE/MAX Whatcom County, Inc., 360-739-5600, Keith@BuyerMax.com
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Multi-Family Home for sale in Bellingham, WA

for $593,750 with 4 bedrooms and 4 full baths. This 2,216 square foot home was built in 1992 on a lot size of 0.17.

EXCEPTIONAL INVESTMENT OPPORTUNITY – PRICED BELOW RECENT $700,000 APPRAISAL! Outstanding value in a desirable Bellingham location with significant potential for increased rental income! A neighboring identical duplex is generating $4,200 per month, demonstrating the substantial upside potential as rents are adjusted to market levels. This well-maintained duplex features two spacious, two-story units, each offering 2 bedrooms, 1.5 baths, and approximately 1,108 sq ft. Both units include generous laundry/utility rooms with valuable bonus space, private decks and patios, and covered parking. Conveniently located near trails, Barkley Village, Regal Cinema, restaurants, shopping, and everyday amenities. An excellent opportunity to acquire an income-producing property below its recently appraised value, with strong potential for rental growth and long-term appreciation. The adjacent duplex at 2828/2830 Valencia St is also available, creating a rare opportunity to purchase two neighboring investment properties!

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Multi-Family Active

Price

$ 593,750

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,793

Style

Duplex

Lot Size

0.17

Year Built

1992

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2598340

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1992
Property Subtype Multi Family
Tax Year 2026
County Whatcom
Net Operating Income 25692
Insurance Expense 1438
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Roosevelt
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Woburn St to E Illinois St to Valencia - Location is end of cul de sac on the left.
High School Squalicum High
City Bellingham
Senior Community Y/N N
High School District Bellingham
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 7405
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Sunnyland Elem
Tax Annual Amount 5793
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Whatcom Mid
Public Remarks EXCEPTIONAL INVESTMENT OPPORTUNITY PRICED BELOW RECENT $700 000 APPRAISAL! Outstanding value in a desirable Bellingham location with significant potential for increased rental income! A neighboring
Leasable Area 2216
Virtual Tour https://youtu.be/rlUkfVMkNYc
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company COB
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 3857
Property Style 52 - Duplex
Cap Rate 4.33
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Cul-De-Sac Curbs Dead End Street Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2216
Lot Size Acres 0.17
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Deck High Speed Internet Patio
Parking Uncovered Total 2
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Interior
Flooring Ceramic Tile Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2598340
Street Number 1 2816
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* Excluded Features
List By
Keith Cook

Listing Agent

Re/Max Whatcom County, Inc.

Broker

Keith@BuyerMax.com

Email

Affordability Calculator

$4,584
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,101
Monthly Property Taxes
$483
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257067 Elementary School
257744 Middle School
Squalicum High High School
Pricing History
DatePricePrice ChangeDescription
11/6/2026$593,750 Listed Price

Map


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2816 2818 Valencia Street, Bellingham, WA, 98226 is a Multi-Family Home for sale at $593,750 with 2,216 sqft and a lot size of 0.17. 2816 2818 Valencia Street has 4 bedrooms, 4.0 baths, and was built in 1992. The property's zip code is 98226 which is in Bellingham, WA