1408 G Street, Bellingham, WA 98225
- $915,000
- 2,352
- SqFt
Listing courtesy of Bellwether Real Estate.
- List Price
- $915,000
- Status
- ACTIVE
- MLS#
- 2532842
- Price Change
- ▼ $50,000 1783725094
- Days on Market
- 57
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 2,352
- Area Total SqFt
- 2352
- Annual Tax Ammount
- 7502
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,792
- Sewer
- Sewer Connected
Property Description
Exceptional investment opportunity located in Bellingham's waterfront Old Town District and the highly sought-after Lettered Streets neighborhood. This well-maintained fourplex features four 1-bedroom, 1-bath units, each offering views of Bellingham Bay. Ideally situated near downtown Bellingham, Western Washington University, the waterfront, shopping, dining, parks, and public transportation, this property benefits from strong rental demand and a highly convenient location. Features include a newer roof, a dedicated on-site parking lot with ample off-street parking, a community laundry room for tenant convenience, and a dedicated storage locker for each unit. Consistent occupancy and potential for future income growth through rent adjustments offer investors an opportunity to enhance returns over time. Multifamily opportunities in this location are rarely available. Combining bay views, walkability to the waterfront redevelopment district, and proximity to major employment, education, and recreation hubs, this property offers an attractive blend of stability and upside potential. Whether you're looking to expand an existing portfolio or acquire a quality multifamily asset in one of Bellingham's most desirable neighborhoods, this fourplex presents a compelling investment opportunity.
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Additional Information
- List Date
- 2026-06-02 18:01:19
- Community
- Lettered Streets
- Net Operating Income
- $37,994
- Gross Adjusted Income
- $65,400
- Gross Scheduled Income
- $65,400
- Total Monthly Income
- $5,450
- Insurance Expenses
- $2,243
- Water/Sewer/Garbage Expenses
- $4,413
- Gross Rent Multiplier
- 13.99
- Total Expenses
- $27,406
- Cap Rate
- 4.15
- Total Number of Units
- 4
- Unit Name
- 1408
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1980
- View
- Bay, Islands
- Roof
- Composition
- Site Features
- High Speed Internet
- Electric Expenses
- 741
- Other Expenses
- 12507
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Parkview Elem
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $5,450
- Gross Scheduled Income
- $65,400
- Gross Adjusted Income
- $65,400
- Tax Year
- 2026
- Insurance Expense
- $2,243
- W/S/G Expenses
- $4,413
- Total Expenses
- $27,406
- Net Operating Income
- $37,994
- Gross Rent Multiplier
- 13.99
- Cap Rate
- 4.15
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.