4781 Guide Meridian

Bellingham, WA 98226

$2,800,000
Price
8
Beds
4
Baths
12,255 Sq. Ft.
$228 / Sq. Ft.
12,255
Sq. Ft.
$228
per Sq. Ft.
Listing provided courtesy of NextHome Northwest Living

Description

Rare investment opportunity with endless potential! This unique property blends the feel of multi-family, commercial, and future development prospects. Zoning is set to shift to commercial/industrial this fall, opening doors for redevelopment—think storage units, commercial, residential, or your vision in collaboration with the city. Currently generating approximately $160K in gross annual income, it features two curb cutouts along Meridian, three up-to-date septic systems & Deer Creek Water Association...Rare investment opportunity with endless potential! This unique property blends the feel of multi-family, commercial, and future development prospects. Zoning is set to shift to commercial/industrial this fall, opening doors for redevelopment—think storage units, commercial, residential, or your vision in collaboration with the city. Currently generating approximately $160K in gross annual income, it features two curb cutouts along Meridian, three up-to-date septic systems & Deer Creek Water Association rights. Sewer is dry-lined for future city connection. The site boasts seven well-maintained leasable buildings, including three homes, two shop spaces, a barn, and a showroom. It's hard to find property with this kind of upside potential.
  1. Listed by Sean Ryan • NextHome Northwest Living

Property Details for 4781 Guide Meridian

Community Name
Cordata
School District
Meridian
Number of Assigned Spaces
27
Total Covered Parking
4
Entry Date
01-27-2025
Energy Source
Electric,Propane
Sewer
Septic Tank

Location

Listing Courtesy of NextHome Northwest Living
Add your commute
LISTING UPDATED: 03/26/2025 09:59 AM

Property Details for 4781 Guide Meridian

StatusActive
MLS #2340085
Days on Market135
Cumulative Days on Market90
Taxes$12,068 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size9.60 AC / 418,176 SF
CountyWhatcom County

Building Information for 4781 Guide Meridian

Stories2Residences5Year Built1973Building Size-Lot Size9.60 AC / 418,176 SF

Payment Calculator

$15,676 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,670

Property Taxes

$1,006

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4781 Guide Meridian

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Outbuildings, Propane, RV Parking, Shop
  • Area: 860 - Bellingham
  • Elementary School: Irene Reither Primar
  • Middle Or Junior School: Meridian Mid
  • High School: Meridian High
  • Directions: Driving north on Meridian St. past the Walmart, on the left where the sign will read "countertops for less". Use GPS
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 3.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 20.0
  • Open Parking: Yes
  • Parking Features: RV Parking
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
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Features: Laminate, Wall to Wall Carpet
  • Amenities: See Remarks,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Stucco, Wood
  • Roof: Composition, Metal
Property
Utilities
  • Water Source: Private
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: Deer Creek
  • Power Production Type: Electric, Propane
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Remarks: Industrial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Industrial, Multi-Family
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Paved, Value In Land
  • Lot Size Dimensions: 331x1272
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 820709707
  • Building Condition: Average
  • Calculated Square Footage: 12255
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 12255.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 20
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 17568
  • Gross Adjusted Income: 142000
  • Gross Rent Multiplier: 17.5
  • Gross Scheduled Income: $160,000
  • Insurance Expense: $5,500
  • Net Operating Income: $142,000
  • Other Expenses: $0
  • Total Monthly Income: 13200
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 4781
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 3416
  • Rent Unit 1: $3,500.00
  • Bedrooms Unit 1: 4
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 4777
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 2100
  • Rent Unit 2: $2,200.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 4779
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1056
  • Rent Unit 3: $2,000.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: Fab
  • Square Feet Unit 4: 2710
  • Rent Unit 4: $2,500.00
Unit 5
  • Name Unit 5: Show
  • Square Feet Unit 5: 2000
  • Rent Unit 5: $3,000.00
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 5510.0
  • Leasable Area Units: Square Feet

Property History for 4781 Guide Meridian

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4781 Guide Meridian

Taxable ValueLand$1,138,484Additions$18,918Total$1,157,402
Tax Record2024$158 ($13 / month)
Home Facts
Baths4Total Finished SqFt2,250 SqFtAbove Ground SqFt2,250 SqFtStories2Lot Size418,176 SqFtStyleMiscellaneous CommercialYear Built1979ZoningPIM2.5CountyWHATCOMAPN380201 468384 0000Fireplace TypeHas Fireplace

Schools near 4781 Guide Meridian

This home is within Meridian School District.
Rating
School
Type
Grades
Distance
Irene Reither Primary School
Public - PK to 5
Meridian Middle School
Public - 6 to 8
Meridian High School
Public - 9 to 12
Meridian Parent Partnership Program
Public - K to 8
Rating
School
Distance
Irene Reither Primary School
PublicPK to 5

Meridian Middle School
Public6 to 8

Meridian High School
Public9 to 12

Meridian Parent Partnership Program
PublicK to 8

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 4781 Guide Meridian, Bellingham, WA 98226

4781 Guide Meridian is a multi-family home for sale in Bellingham, WA 98226. This property was listed for sale on January 27, 2025 by NextHome Northwest Living, it's currently listed at $2,800,000. This listing's school district is Meridian School District. Nearby schools include Irene Reither Primary School, Meridian Middle School and Meridian High School. 4781 Guide Meridian is a 8-bed, 4-bath, 12,255 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 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 NextHome Northwest Living

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/11/2025 08:01 AM. 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.