Listing provided courtesy of Coldwell Banker BainNWMLSas Distributed by MLSGrid- MLS# NWM2500339MLS Provider

2625 Maplewood AvenueBellingham, WA 98225

Multi-Family · 2 Beds · 1,596 Sq. ft. | 0.73 Acres
$2,200,000 Active

2625 Maplewood Avenue Overview

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Take advantage of this rare opportunity to own a high-performing 11-unit mobile home park in the desirable Bellingham market. Offering a solid 6% cap rate and low operating expenses, this property delivers strong, reliable returns with a net income exceeding $131,000 annually. The park features a well-balanced unit mix, including one duplex, five park-owned homes, and four space rents. This diversified setup provides multiple income streams while allowing for continued upside through rent adjustments or operational efficiencies. With low expenses and consistent cash flow, this is an ideal asset for investors seeking stability and long-term growth. Located in a high-demand area with limited affordable housing supply, the property benefits from strong occupancy trends and continued appreciation potential. Bellingham’s thriving economy, proximity to major employment hubs, and quality of life make this a highly attractive rental market. Whether you're expanding your portfolio or entering the mobile home park space, this investment offers both immediate income and future upside.

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2625 Maplewood Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,596
  • Price/Sq.ft. $1,378
  • Lot 0.73 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Bellingham

Income/Expenses

  • Other Expense: 6000
  • Electric Expense: 420
  • Fuel Expense: 0
  • Gross Scheduled Income: 161220
  • Insurance Expense: 850
  • Net Operating Income: 131708
  • Total Expenses: 29512
  • Total Monthly Income: 13435
  • Water/Sewer/Garbage: 12780

Building Information

  • New Construction: No
  • Year Built: 1974

Location/Region

  • Country: US
  • County Or Parish: Whatcom
  • MLS Area Major: 860 - Bellingham
  • Subdivision Name: Birchwood

Tax Information

  • Tax Annual Amount: $9,462.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 3802132080100000
  • Possible Use: Commercial,Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1596
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1596
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 4096
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 10

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 15
  • Parking Uncovered Total: 15

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.73
  • Lot Size Square Feet: 31799
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition, See Remarks
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Metal/Vinyl, Wood Products
  • Number Of Units Total: 11
  • Sewer: Sewer Connected

Unit Information

Unit 7 Details

  • Actual Rent: 1050

Unit 4 Details

  • Actual Rent: 1075

Unit 6 Details

  • Actual Rent: 1275

Unit 11 Details

  • Actual Rent: 1400

Unit 9 Details

  • Actual Rent: 1485

Unit 1 Details

  • Actual Rent: 1585
  • Beds Total: 2
  • Baths Total: 1

Unit 10 Details

  • Actual Rent: 1700

Unit 8 Details

  • Actual Rent: 975

Unit 2 Details

  • Actual Rent: 975

Unit 3 Details

  • Actual Rent: 975

Unit 5 Details

  • Actual Rent: 975

2625 Maplewood Avenue Neighborhood

Community

98225 (Bellingham) Demographics

29
Median Age
3,455
Population Density (per sq. mile)
56%
College Educated
$53,093
Estimated Median Income
9,008
Estimated Total Home Owners
12,804
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2625 Maplewood Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2625 Maplewood Avenue Market Data

Based on the last 30 days in this zip code

$796,890
Average List Price
$502
Average Price per Square Foot
26
Properties Sold
90
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

2625 Maplewood Avenue History

Date Event Value Agent
4/1/2026Source: NWMLS Added to Database
April 01, 2026