500 Gladstone Street Bellingham, WA $ 474,999
500 Gladstone Street
$ 474,999
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500 Gladstone Street

Bellingham, WA, 98225
$ 474,999
Baths0.0 Sq 936

Monthly Estimate*

$ 2,963

Listed by Windermere Real Estate Whatcom
500 Gladstone Street, Bellingham, WA 98225 - Image 1
500 Gladstone Street, Bellingham, WA 98225 - Image 2
500 Gladstone Street, Bellingham, WA 98225 - Image 3
500 Gladstone Street, Bellingham, WA 98225 - Image 4
500 Gladstone Street, Bellingham, WA 98225 - Image 5
500 Gladstone Street, Bellingham, WA 98225 - Image 6
Studio

Multi-Family Home for sale in Bellingham, WA

for $474,999. This 936 square foot home was built in 1925 on a lot size of 0.05.

This rare duplex opportunity features two 1-bedroom, 1-bathroom apartments, each with an equal amount of square footage in a daylight basement—ideal for garage use, storage, or a personal workspace. The property sits just a short distance from Nelson’s Market and Café, offering the charm and convenience of this beloved neighborhood. The long-term tenant in 504 recently signed a new lease at $1,400 per month, underscoring the property’s rental income potential. Recent updates include a new roof, gas ranges and heat, and fresh LVP flooring and interior paint in 500 Gladstone. With both functionality and flexibility, this duplex is an ideal opportunity for an owner-occupant: live in one unit and rent out the other.

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Multi-Family Active

Price

$ 474,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,358

Style

Duplex

Lot Size

0.05

Year Built

1925

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2458211

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 24975
Insurance Expense 1627
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 2
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 2178
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Lowell Elem
Tax Annual Amount 4358
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Fairhaven Mid
Property Condition Good
Public Remarks This rare duplex opportunity features two 1-bedroom 1-bathroom apartments each with an equal amount of square footage in a daylight basementideal for garage use storage or a personal workspace. The p
Leasable Area 1872
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company COB
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2640
Property Style 52 - Duplex
Cap Rate 5
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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 936
Lot Dimensions 55 x 40
Lot Size Acres 0.05
Waterfront Y/N N
Covered Spaces 2
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 Vinyl Vinyl Plank 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 NWM2458211
Street Number 1 500
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* Excluded Features
List By
David Hovde

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$3,327
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$363
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$474,999 Listed Price

Map


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500 Gladstone Street, Bellingham, WA, 98225 is a Multi-Family Home for sale at $474,999 with 936 sqft and a lot size of 0.05. 500 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