Based on Northwest Multiple Listing Service and Commercial Brokers Association data through August 10, 2026.
Written by Jolene Baijot, Designated Broker
Jolene Baijot and Josh Baijot are Bellingham real estate brokers helping buyers and sellers with residential, multifamily, investment, and commercial real estate throughout Bellingham and Whatcom County.
Bellingham Multifamily Market at a Glance
Bellingham’s multifamily market remained active but selective heading into August 2026.
As of August 10, there were 27 active multifamily listings on the Northwest Multiple Listing Service. Eight new properties came to market during the previous 30 days, while seven properties moved into pending status.
The Northwest MLS, however, does not show the entire multifamily market.
When listings marketed through the Commercial Brokers Association are included, the number of active multifamily and apartment properties in Bellingham rises to 31.
Current asking prices across the two listing sources range from $595,000 to $14,750,000, giving buyers options ranging from smaller multifamily properties to larger apartment communities.
August 2026 Market Snapshot
As of August 10, 2026, Bellingham had 27 active multifamily listings on the Northwest MLS.
Eight new listings entered the market during the previous 30 days, while seven properties moved into pending status.
Northwest MLS asking prices currently range from $595,000 to $10,995,000.
When the Commercial Brokers Association feed is added, the combined active count rises to 31 listings, with asking prices reaching $14,750,000.
The highest priced property is currently Parkside, a large apartment community near Costco on Traverse Drive.
Newest Bellingham Area Multifamily Listings
Eight multifamily properties came to market in the Bellingham area within the past 30 days, spanning Bellingham, Everson, and Blaine.
The most recent is a property at 1914 McKenzie Ave in Bellingham, listed at $625,000. A large multifamily property at 610 Mead Ave in Everson followed closely behind at $3,871,669, along with a property at 3261 Hollywood Ave in Bellingham listed at $615,000. Other recent additions include 927 Jersey St in Bellingham at $775,000, 541 545 D St in Blaine at $525,000, and 517 Colton Lane in Everson at $865,000. Rounding out the newest listings are 522 12th St in Bellingham at $799,000 and 1826 Valencia St in Bellingham at $825,000.
This steady flow of new inventory across Bellingham and the surrounding Whatcom County communities reflects continued investor interest in the local multifamily market.
Bellingham Multifamily Properties Currently Pending
Several Bellingham multifamily properties have recently gone under contract, another sign that buyer activity remains steady.
Properties currently pending include 5331 Evergreen Dr, listed at $750,000, 2024 21st St at $675,000, 631 N Forest St at $1,000,000, 2720 Patton St at $685,000, and 2413 Peabody St at $849,000.
These pending sales span a range of price points, from smaller multifamily properties near $675,000 to larger properties over $1,000,000, reflecting demand across different segments of the Bellingham multifamily market.
What the August Numbers Tell Us
Bellingham’s multifamily market is moving, but it remains a relatively small and specialized segment of the broader real estate market.
Eight properties entered the Northwest MLS during the previous 30 days while seven moved into pending status. That shows buyers are still making offers and putting properties under contract, even with a limited number of new multifamily opportunities reaching the market.
Buyers are also being selective.
Rental income, operating expenses, leases, deferred maintenance, financing costs, property condition, and future rent potential can all influence what an investor is willing to pay.
For sellers, accurate pricing and organized financial information remain important. Buyers want to understand how a property performs before deciding what they are willing to pay for it.
Why We Track Both NWMLS and CBA
Josh and Jolene track both the Northwest MLS and Commercial Brokers Association because Bellingham multifamily inventory can be divided between the two listing sources.
Many duplexes, triplexes, fourplexes, and smaller apartment properties are marketed through the Northwest MLS, while some larger apartment buildings and commercial multifamily investments are marketed through the Commercial Brokers Association.
Those properties do not always appear in the same searches.
Looking at both sources gives buyers and sellers a broader view of the Bellingham multifamily market and helps identify opportunities that may not appear through a standard residential property search.
What Buyers Should Be Watching
Price is only one part of evaluating a Bellingham multifamily property.
Buyers should also consider current rents, vacancy history, lease terms, operating expenses, property taxes, utilities, maintenance history, financing, and potential capital improvements.
Location matters as well.
A duplex near Western Washington University may perform differently from a fourplex in Sunnyland or an apartment building closer to downtown Bellingham. Rental demand, walkability, transportation, nearby employment, redevelopment potential, and surrounding residential property values can all influence long term performance.
Understanding the residential market is particularly useful when evaluating smaller multifamily properties because many are located within established Bellingham neighborhoods.
Explore our Bellingham neighborhood guide for a closer look at the individual areas that make up the city.
What Sellers Should Know
Seven pending multifamily properties show that buyers are still active, but today’s investors tend to look closely at both the property and the numbers.
Owners considering selling should be prepared with accurate rent rolls, lease information, operating expenses, utility information, recent improvements, and details about deferred maintenance.
The easier it is for a buyer to understand the property’s current performance, the easier it is to evaluate the opportunity.
Pricing also matters. Buyers are comparing properties based on income, condition, location, financing costs, surrounding property values, and potential future returns.
Local Bellingham Real Estate Experience
Jolene Baijot and Josh Baijot are Bellingham real estate brokers helping buyers and sellers throughout Bellingham and Whatcom County.
Our work spans residential homes, waterfront properties, duplexes, triplexes, fourplexes, apartment buildings, investment properties, and commercial real estate.
That broader experience is especially valuable in multifamily real estate. Neighborhood home values, rental demand, property condition, development patterns, and the surrounding residential market can all influence the value and potential of an investment property.
For multifamily buyers and sellers, we also follow properties through both the Northwest MLS and Commercial Brokers Association to provide a broader view of available inventory.
Whether you’re buying a home, selling a residential property, purchasing your first duplex, or evaluating a larger investment property, our goal is to provide clear local market information and experienced representation.
Frequently Asked Questions
How many multifamily properties are currently for sale in Bellingham?
As of August 10, 2026, there were 27 active multifamily listings on the Northwest MLS. When active properties marketed through the Commercial Brokers Association are included, the combined total rises to 31 multifamily and apartment properties.
What is the current price range for Bellingham multifamily properties?
Northwest MLS listings currently range from $595,000 to $10,995,000. Across the Northwest MLS and Commercial Brokers Association combined, asking prices reach as high as $14,750,000.
Why are some Bellingham apartment buildings not on the MLS?
Some larger apartment buildings and commercial multifamily investments are marketed through the Commercial Brokers Association rather than the Northwest MLS. Looking at both sources provides a broader picture of available inventory.
Is now a good time to sell a multifamily property in Bellingham?
There are still active buyers in the market, with seven Northwest MLS multifamily properties pending as of August 10. Whether it is the right time to sell depends on the property’s income, condition, location, current market value, and the owner’s individual goals.
Who are Bellingham multifamily real estate agents?
Jolene Baijot, Designated Broker, and Josh Baijot are Bellingham real estate brokers who help buyers and sellers with residential, multifamily, investment, and commercial properties throughout Bellingham and Whatcom County. Their multifamily work includes duplexes, triplexes, fourplexes, apartment buildings, and other investment properties.
Bottom Line
Bellingham’s multifamily market continues to show steady but selective activity in August 2026.
There are 27 active properties on the Northwest MLS and 31 when active Commercial Brokers Association listings are included. Eight new NWMLS listings came to market during the previous 30 days while seven properties moved into pending status.
For buyers, the market offers opportunities ranging from smaller duplexes and fourplexes to larger apartment properties, but careful evaluation of income, expenses, condition, location, and financing remains important.
For sellers, buyers are still putting properties under contract, but realistic pricing and clear financial information can make a significant difference.
If you’re considering buying or selling real estate in Bellingham or Whatcom County, whether it’s a home, duplex, apartment building, investment property, or commercial property, Josh and Jolene would be happy to discuss the current market and help you evaluate your next move.
Jolene Baijot and Josh Baijot are Bellingham real estate brokers working with residential, multifamily, investment, and commercial real estate throughout Bellingham and Whatcom County.
