Listing provided courtesy of COMPASSNWMLSMLS# NWM2542964MLS Provider
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Rare opportunity to acquire over an acre in Bellingham's Alderwood neighborhood. The property includes a rambler ready for your vision or redevelopment, a detached living space, detached garage, and a large shop building. Recent upgrades include a newer heat pump and improved insulation, adding value while leaving room for future improvements. With multiple existing structures, abundant parking, and a lot size that is increasingly difficult to find within the city, this property presents a unique opportunity for investors, builders, contractors, or buyers seeking space and versatility. Explore the possibilities afforded by the zoning and expansive parcel size. Buyer to verify all development potential, permitted uses, and subdivision opportunities. Conveniently located near shopping, schools, parks, and major commuter routes, this is a rare chance to secure a large in-city property with significant upside potential.

Source: NWMLS, MLS#: NWM2542964

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  • Property Type
    Residential
  • Lot
    1.14 acres

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  • Median Age
    40
  • Population Density
    619
  • College Educated
    57%
  • Estimated Median Income
    $75,099
  • Estimated Total Home Owners
    9,521
  • Estimated Total Renters
    3,744
  • Owner / Renter Divide
    72% / 28%
  • Estimated Average Household Size
    3
  • Total Population
    33,548
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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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.

Life at 3138 Alderwood


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/27/2026Source: NWMLS Status Change
Pending
6/19/2026Source: NWMLS Added to Database
June 19, 2026