1408 G Street Bellingham, WA $ 965,000
1408 G Street
$ 965,000
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1408 G Street

Bellingham, WA, 98225
$ 965,000
Baths0.0 Sq 2,352

Monthly Estimate*

$ 5,942

Listed by Bellwether Real Estate
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Studio

Multi-Family Home for sale in Bellingham, WA

for $965,000. This 2,352 square foot home was built in 1980 on a lot size of 0.11.

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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Multi-Family Active

Price

$ 965,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,502

Style

4-Plex

Lot Size

0.11

Year Built

1980

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2532842

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1980
View Bay Islands
Property Subtype Multi Family
Tax Year 2026
County Whatcom
Net Operating Income 37994
Insurance Expense 2243
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lettered Streets
Special Listing Conditions None
Status Active
Directions I-5 Northwest exit #257 Northwest Ave to Elm Street right onto G Street building on your left.
High School Bellingham High
City Bellingham
Senior Community Y/N N
High School District Bellingham
Number Of Units Total 4
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 4792
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional VA Loan
Elementary School Parkview Elem
Tax Annual Amount 7502
Electric Expense 741
Fuel Expense 0
Middle/Junior High School Whatcom Mid
Property Condition Very Good
Public Remarks 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-bedroo
Leasable Area 2352
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Bellingham
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 4413
Property Style 54 - 4-Plex
Cap Rate 3.94
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Exterior
Exterior Amenities Metal/Vinyl Wood Products
Lot Features Paved
Water Source Public
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 2352
Lot Dimensions 100x50
Lot Size Acres 0.11
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features High Speed Internet
Parking Uncovered Total 7
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2532842
Street Number 1 1408
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* Excluded Features
List By
Renae Ingraham

Listing Agent

Bellwether Real Estate

Broker

Affordability Calculator

$6,567
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,942
Monthly Property Taxes
$625
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
258685 Elementary School
257744 Middle School
Bellingham High High School
Pricing History
DatePricePrice ChangeDescription
6/2/2026$965,000 Listed Price

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1408 G Street, Bellingham, WA, 98225 is a Multi-Family Home for sale at $965,000 with 2,352 sqft and a lot size of 0.11. 1408 G Street is a studio with 0.0 baths and was built in 1980. The property's zip code is 98225 which is in Bellingham, WA