344 E Bellis Fair Pkwy

$1,450,000
Price
8
Beds
8
Baths
5,992 Sq. Ft.
$242 / Sq. Ft.
5,992
Sq. Ft.
$242
per Sq. Ft.

Description

Turnkey 4-Plex near Whatcom Community College and Bellis Fair Mall - Prime Investment Opportunity! Located just steps from the grocery store and the major retail corridor of Bellingham, this property offers income and long-term upside potential. Each unit features 2 bedrooms and 2 bathrooms with spacious layouts, fireplace, updated appliances, designated parking, nearby bus lines and in-unit laundry. The private decks and patios offer an escape from the indoors. Strong rental history with less than...Turnkey 4-Plex near Whatcom Community College and Bellis Fair Mall - Prime Investment Opportunity! Located just steps from the grocery store and the major retail corridor of Bellingham, this property offers income and long-term upside potential. Each unit features 2 bedrooms and 2 bathrooms with spacious layouts, fireplace, updated appliances, designated parking, nearby bus lines and in-unit laundry. The private decks and patios offer an escape from the indoors. Strong rental history with less than 1% vacancy rate. Just minutes to I-5, restaurants, parks, and shopping. This is a great opportunity in Bellingham's demanding rental market.
  1. Listed by Ian Steger • Muljat Group

Property Details for 344 East Bellis Fair Parkway

Community Name
Bakerview
School District
Bellingham
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
06-27-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 11/17/2025 11:13 AM

Property Details for 344 East Bellis Fair Parkway

StatusActive
MLS #2397916
Days on Market171
Cumulative Days on Market171
Taxes$12,608 / year
HOA Fees$171 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2002
Lot Size0.32 AC / 13,975 SF
CountyWhatcom County

Location

Listing Courtesy of Muljat Group
Add your commute

Building Information for 344 East Bellis Fair Parkway

Stories2Residences4Year Built2002Building Size-Lot Size0.32 AC / 13,975 SF

Payment Calculator

$8,387 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,165

Property Taxes

$1,051

HOA Dues

$171

The Payment Calculator is for illustrative purposes only.

Property Information for 344 East Bellis Fair Parkway

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Gas Available, Patio
  • Area: 860 - Bellingham
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: North on Meridian St., Right on Telegraph Rd., Left on Deemer Rd., Left on E. Bellis Fair Pkwy, turn left into complex. Follow road to the left and building 344/346 will be straight ahead.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
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: Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4954
  • Power Company: PSE
  • Sewer Company: COB
  • Water Company: COB
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family,Residential
  • Possible Use: Multi-Family, Residential
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Cul-De-Sac, Curbs, Paved
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3803181724800000
  • Building Condition: Very Good
  • Calculated Square Footage: 5992
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5992.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 27774
  • Gross Adjusted Income: 84169
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: $85,020
  • Insurance Expense: $4,149
  • Net Operating Income: $56,395
  • Other Expenses: $6,063
  • Total Monthly Income: 7085
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1493
  • Rent Unit 1: $1,700.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1493
  • Rent Unit 2: $1,700.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 2
Unit 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1493
  • Rent Unit 3: $1,785.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 2
Unit 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1493
  • Rent Unit 4: $1,900.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5972.0

Property History for 344 East Bellis Fair Parkway

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Price Change

NWMLS #2400841

$1,450,000—
Nov 14, 2025

Price Change

NWMLS #2397916

$1,450,000—
Jun 27, 2025

Listed (Active)

NWMLS #2397916

$1,599,000—
Jun 27, 2025

Listed (Active)

NWMLS #2400841

$1,599,000—
Jan 14, 2005

Sold (Public Record)

Public Record #150908591

$585,000

+0.7% / yr

Jan 14, 2005

Sold

NWMLS #24166664

$585,000—
Dec 24, 2004

Pending

NWMLS #24166664

—
Dec 23, 2004

Listed (Active)

NWMLS #24166664

$585,000—
Nov 15, 2002

Sold (Public Record)

Public Record #107073662

$575,882—
DateEvent & SourcePrice
11/17/2025

Price Change

NWMLS #2400841

$1,450,000
11/14/2025

Price Change

NWMLS #2397916

$1,450,000
06/27/2025

Listed (Active)

NWMLS #2397916

$1,599,000
06/27/2025

Listed (Active)

NWMLS #2400841

$1,599,000
01/14/2005

Sold (Public Record)

Public Record #150908591

$585,000

+0.7% / yr

01/14/2005

Sold

NWMLS #24166664

$585,000
12/24/2004

Pending

NWMLS #24166664

—
12/23/2004

Listed (Active)

NWMLS #24166664

$585,000
11/15/2002

Sold (Public Record)

Public Record #107073662

$575,882

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

Public Records for 344 East Bellis Fair Parkway

Taxable ValueLand$248,292Additions$1,360,498Total$1,608,790
Tax Record2024$13,158 ($1,096 / month)
Home Facts
Baths8Total Finished SqFt5,992 SqFtAbove Ground SqFt5,992 SqFtLot Size13,970 SqFtStyleQuadraplexYear Built2003ZoningPRM3.6CountyWHATCOMAPN380318 172480 0000

Schools near 344 East Bellis Fair Parkway

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Parkview Elementary School
PublicPK to 5

Shuksan Middle School
Public6 to 8

Squalicum High School
Public9 to 12

Visions (Seamar Youth Center)
Public6 to 12

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.

Similar Homes

Similar Sold Homes

344 East Bellis Fair Parkway is a multi-family home for sale in Bellingham, WA 98226. This property was listed for sale on June 27, 2025 by Muljat Group, it's currently listed at $1,450,000. It has been on the market for a total of 171 days and was last sold on January 14, 2005. This listing's school district is Bellingham Public Schools. Nearby schools include Parkview Elementary School, Shuksan Middle School and Squalicum High School. 344 East Bellis Fair Parkway is a 8-bed, 8-bath, 5,992 sqft multi-family home built in 2002.

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 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 Muljat Group

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 05:58 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.