5 XX Gladstone Street Bellingham, WA $ 925,000
5 XX Gladstone Street
$ 925,000
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5 XX Gladstone Street

Bellingham, WA, 98225
$ 925,000
Baths0.0 Sq 1,872

Monthly Estimate*

$ 5,771

Listed by Windermere Real Estate Whatcom
5 XX Gladstone Street, Bellingham, WA 98225 - Image 1
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5 XX Gladstone Street, Bellingham, WA 98225 - Image 16
Studio

Multi-Family Home for sale in Bellingham, WA

for $925,000. This 1,872 square foot home was built in 1925 on a lot size of 0.1.

This rare property offers exceptional flexibility—operate it as a 4-plex or as two separate duplexes. Each apartment features 1 bdrm and 1 bath, along with an equal amount of square footage in a daylight basement that can function as a garage, storage area, or workspace. Ideally located just a short distance from Nelson’s Market and Café, offering walkability and long-term rental appeal. All units are vacant preparing for sale, one long term tenant in 504 recently signed a new lease at $1,400 per month, providing a reliable benchmark for rental potential. Property updates include a new roof (500), gas ranges and heat throughout, new LVP flooring in 500 Gladstone, and a newly installed sewer line in 508.

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Multi-Family Active

Price

$ 925,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,716

Style

4-Plex

Lot Size

0.1

Year Built

1925

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2458203

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling Forced Air
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 1925
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name York Add to New Whatcom
County Whatcom
Net Operating Income 50295
Insurance Expense 3149
New Construction N
Property Type Residential Income
HOA N
Subdivision Name York
Possible Use Residential
Special Listing Conditions See Remarks
Status Active
Directions On the corner of Grant and Gladstone.
High School Sehome High
City Bellingham
Senior Community Y/N N
High School District Bellingham
Zoning Description Residential
Open Parking Spaces 0
Number Of Units Total 4
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 4356
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Lowell Elem
Tax Annual Amount 8716
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Fairhaven Mid
Property Condition Good
Public Remarks This rare property offers exceptional flexibilityoperate it as a 4-plex or as two separate duplexes. Each apartment features 1 bdrm and 1 bath along with an equal amount of square footage in a daylig
Leasable Area 3744
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company COB
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5040
Property Style 54 - 4-Plex
Cap Rate 5.15
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Exterior
Exterior Amenities Stucco
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 1872
Lot Dimensions 55 x 40
Lot Size Acres 0.1
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Gas Available
Parking Uncovered Spaces 0
Lot Number 1
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Interior
Flooring Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2458203
Street Number 1 5
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* Excluded Features
List By
David Hovde

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$6,497
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,771
Monthly Property Taxes
$726
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257680 Elementary School
256837 Middle School
Sehome High High School
Pricing History
DatePricePrice ChangeDescription
12/2/2025$925,000 Listed Price

Map


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5 XX Gladstone Street, Bellingham, WA, 98225 is a Multi-Family Home for sale at $925,000 with 1,872 sqft and a lot size of 0.1. 5 XX Gladstone Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 98225 which is in Bellingham, WA