Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to do—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next.
Multi-familyProperty Type
1973Year Built
9.6 acresLot Size
$163Price/Sq.Ft.
2 car garageParking
Listed by Lorrie Dujmovich• Windermere RE Whatcom, Inc.
Meridian, located between Downtown Bellingham and the Cordata area, is a residential and commercial Bellingham neighborhood with big-box corridors and pockets of older side streets. The neighborhood’s energy concentrates around the Guide Meridian (WA-539) and W Bakerview Rd junction, where grocery plazas, casual eateries, and service storefronts line wide arterials. Retail anchors shape daily routines, while nearby greenbelts and small parks soften the built landscape. Housing ranges from mid-century ranch homes to newer subdivisions and apartment communities. Whatcom Falls Park and the Bay to Baker Trail add a nature-and-commute thread through the area. Community touchstones include the Pickford Film Center, Boundary Bay Brewery, and the Whatcom Museum downtown.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Has heating
Forced air heating
Heat pump
Vinyl plank flooring
Carpet flooring
Has view
Bedrooms
Unit types include 4-bedroom and 2-bedroom units (various units across building)
Bathrooms
Units include 1- and 2-bathroom configurations
Kitchen
Range/oven included in units
Refrigerator included in units
Dishwasher included in units
Laundry & utility
Washer and dryer included in units
Flooring
Vinyl plank
Carpet
Heating & cooling
Forced air heating
Heat pump
No central cooling
Exterior features
Deck
Outbuildings
Shop
RV parking
Paved site
Value in land
Home design
Multi-family property
Residential income property
2 stories
Originally built in 1976 (effective year)
Average condition
Parking
RV parking available
2-car garage
Construction
Metal, vinyl, stucco and wood exterior materials
Composition and metal roofs
Slab foundation
Effective year built 1976
Utilities
Electric and propane energy sources
Private water (Deer Creek)
Septic sewer
Power by PSE
Ziply Fiber internet
HOA & community
Storage available (see remarks)
Financial info
Listing terms: Cash or Conventional
Total monthly income reported: $13,700
Total expenses reported: $13,968
Multiple rentable units with varied actual rents across units
Other
Property identified as suitable for industrial or multi-family use
Located in city zoning jurisdiction
Electricity and solar
View estimated energy costs and solar savings for this home
The industrial I general use type is primarily intended to reserve land exclusively for industrial, and industrial-related uses. In order to lessen traffic congestion, industrial areas should be located in areas with direct accessibility to arterial, railroad, or salt water transportation systems.
Permitted uses
Include but are not limited to:
Automotive repair garage
Gas station
Restaurant
Manufacturing
Processing
Warehouse
Infrastructure
Office
Public service
Transportation
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
6 days above 85° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Bellingham, WA • 98226
Average low and high temperatures (°F)
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39
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
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Redfin Estimate for 4777 Guide Meridian
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