2312 Orleans St

Bellingham, WA 98229

$1,099,000
Price
7
Beds
4
Baths
3,456 Sq. Ft.
$318 / Sq. Ft.
3,456
Sq. Ft.
$318
per Sq. Ft.
Listing provided courtesy of Keller Williams Western Realty

Description

Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for investors seeking steady returns and long-term upside. Current rents are below market, creating immediate value-add...Prime investment opportunity in Bellingham! This well-maintained fourplex offers strong income potential and future development options on the back portion of the lot. The property features three spacious 2BD/1BA units and one 1BD/1BA unit, plus an on-site coin-op laundry for added income. Located in a central area close to shopping, restaurants, parks, and freeway access, it’s ideal for investors seeking steady returns and long-term upside. Current rents are below market, creating immediate value-add potential with rent adjustments or upgrades. Whether you’re entering the investment market or expanding your portfolio, this property offers solid cash flow today and room to grow tomorrow. Buyer to verify development potential.
  1. Listed by Anthony Zapata • Keller Williams Western Realty
  2. Listed by Ben Kinney • Keller Williams Western Realty

Property Details for 2312 Orleans Street

Community Name
Bellingham
School District
Bellingham
View
Territorial
Number of Assigned Spaces
5
Total Covered Parking
0
Entry Date
10-30-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/19/2025 09:48 AM

Property Details for 2312 Orleans Street

StatusActive
MLS #2449566
Days on Market68
Cumulative Days on Market68
Taxes$6,915 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.23 AC / 10,019 SF
CountyWhatcom County

Location

Listing Courtesy of Keller Williams Western Realty
Add your commute

Building Information for 2312 Orleans Street

Stories2Residences4Year Built1973Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$5,933 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,356

Property Taxes

$576

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2312 Orleans Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet
  • Area: 860 - Bellingham
  • Directions: West on Alabama St. Left on Orleans. Building is near end of street on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Amenities: Coin Op Laundry,See Remarks
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Company: Puget Sound Energy
  • Sewer Company: City of Bellingham
  • Water Company: City of Bellingham
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 19
Lot Information
  • Lot Details: Alley, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 3803201680080000
  • Building Condition: Good
  • Calculated Square Footage: 3456
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3456.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 10415.42
  • Gross Adjusted Income: 70656
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $70,656
  • Insurance Expense: $3,500
  • Net Operating Income: $60,240
  • Other Expenses: $0
  • Total Monthly Income: 5888
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 864
  • Rent Unit 1: $1,338.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 864
  • Rent Unit 2: $1,500.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 864
  • Rent Unit 3: $1,500.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: D
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 864
  • Rent Unit 4: $1,425.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3456.0

Property History for 2312 Orleans Street

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Listed (Active)

NWMLS #2449566

$1,099,000—
Jun 24, 2021

Sold

NWMLS #1751742

$901,000—
May 13, 2021

Pending

NWMLS #1751742

—
Apr 8, 2021

Listed (Active)

NWMLS #1751742

$979,000—
Feb 2, 2005

Sold (Public Record)

Public Record #151277349

$350,000

+10.4% / yr

Dec 12, 2002

Listed (Active)

NWMLS #22907897

$279,500—
Mar 14, 1997

Sold (Public Record)

Public Record #54779822

$160,000—
DateEvent & SourcePrice
10/30/2025

Listed (Active)

NWMLS #2449566

$1,099,000
06/24/2021

Sold

NWMLS #1751742

$901,000
05/13/2021

Pending

NWMLS #1751742

—
04/08/2021

Listed (Active)

NWMLS #1751742

$979,000
02/02/2005

Sold (Public Record)

Public Record #151277349

$350,000

+10.4% / yr

12/12/2002

Listed (Active)

NWMLS #22907897

$279,500
03/14/1997

Sold (Public Record)

Public Record #54779822

$160,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2312 Orleans Street

Taxable ValueLand$323,593Additions$542,810Total$866,403
Tax Record2024$7,086 ($590 / month)
Home Facts
Baths1Total Finished SqFt3,456 SqFtAbove Ground SqFt3,456 SqFtLot Size10,001 SqFtStyleQuadraplexYear Built1973ZoningRM2L5CountyWHATCOMAPN380320 168008 0000

Schools near 2312 Orleans Street

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Sunnyland Elementary School
Public - PK to 5
Whatcom Middle School
Public - 6 to 8
Bellingham High School
Public - 9 to 12
Whatcom Discovery
Public - 2 to 9
Rating
School
Distance
Sunnyland Elementary School
PublicPK to 5

Whatcom Middle School
Public6 to 8

Bellingham High School
Public9 to 12

Whatcom Discovery
Public2 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2312 Orleans Street, Bellingham, WA 98229

2312 Orleans Street is a multi-family home for sale in Bellingham, WA 98229. This property was listed for sale on October 30, 2025 by Keller Williams Western Realty, it's currently listed at $1,099,000. It has been on the market for a total of 68 days and was last sold on June 24, 2021. This listing's school district is Bellingham Public Schools. Nearby schools include Sunnyland Elementary School, Whatcom Middle School and Bellingham High School. 2312 Orleans Street is a 7-bed, 4-bath, 3,456 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Western Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/06/2026 12:20 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.