Multi Family Investment Properties for Sale in Bellingham, WA
407- 8 Bed
- 4 Bath
- 3168 sft
2505- 4 Bed
- 4 Bath
- 1872 sft
2655- 8 Bed
- 4 Bath
- 3222 sft
149- 2 Bed
- 1 Bath
- 840 sft
185- 2 Bed
- 2 Bath
- 1188 sft
171- 3 Bed
- 1 Bath
- 924 sft
195- 4 Bed
- 2 Bath
- 1887 sft
152- 2 Bed
- 2 Bath
- 1338 sft
195- 2 Bed
- 2 Bath
- - sft
202- 3 Bed
- 3 Bath
- 1728 sft
172- 3 Bed
- 2 Bath
- 924 sft
171- 3 Bed
- 2 Bath
- 1248 sft
151- 3 Bed
- 2 Bath
- 1172 sft
177- 2 Bed
- 2 Bath
- 1440 sft
1616- 2 Bed
- 2 Bath
- 1276 sft
188- 2 Bed
- 1 Bath
- 918 sft
192- 2 Bed
- 2 Bath
- 1120 sft
162- 2 Bed
- 2 Bath
- 924 sft
160- 3 Bed
- 2 Bath
- 1269 sft
157- 2 Bed
- 1 Bath
- 720 sft
162- 4 Bed
- 1 Bath
- 1197 sft
159- 1 Bed
- 1 Bath
- 100 sft
188- 2 Bed
- 1 Bath
- 884 sft
162- 3 Bed
- 2 Bath
- 1344 sft
195- 2 Bed
- 2 Bath
- 932 sft
197- 2 Bed
- 2 Bath
- 1248 sft
2042- 3 Bed
- 2 Bath
- 1188 sft
Why Invest in Bellingham, Washington?
Multi-family properties in Bellingham, WA offer strong investment potential amid steady demand and limited inventory. Rental yields average around 5-6% with cap rates holding at 6%, driven by a renter-occupied rate near 40%. Appreciation remains positive at 0.5% annually, while average rents support solid cash flow for investors. The market's tight supply favors multi-family assets as a hedge against inflation and population growth. Investors benefit from proximity to Western Washington University and a diversifying economy.
Frequently Asked Questions
High renter demand from students and professionals, combined with low vacancy rates around 4%, drives steady cash flow. Limited inventory keeps cap rates attractive at 6% while appreciation adds long-term value. Proximity to universities and employers ensures resilient occupancy.
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