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.
Active
Listed by: Bellwether Real Estate • Renae Ingraham
Price cut: $50K (7/10)
$915,000
1408 G Street, Bellingham, WA 98225
4beds
4baths
2,352sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$880,300 Zestimate®
$389/sqft
$-- HOA
What's special
Views of bellingham bayNewer roof
- --
- on Zillow
- 307
- views
- 21
- saves
Zillow last checked:
Listing updated:
Listed by:
Renae Ingraham,
Bellwether Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2532842
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,352
- Total interior livable area: 2,352 sqft
Property
Parking
- Total spaces: 7
- Uncovered spaces: 7
Features
- Has view: Yes
- View description: Bay, Islands
- Has water view: Yes
- Water view: Bay
Lot
- Size: 4,791 Square Feet
- Dimensions: 100 x 50
- Features: Paved, High Speed Internet
Details
- Parcel number: 3802255414020000
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Metal/Vinyl, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1980
- Major remodel year: 1980
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: PSE
- Water: Public, Company: City of Bellingham
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Lettered Streets
Location
- Region: Bellingham
Financial & listing details
- Price per square foot: $389/sqft
- Tax assessed value: $903,670
- Annual tax amount: $7,502
- Date on market: 6/2/2026
- Listing terms: Conventional,VA Loan
Estimated market value
$880,300
$836,000 - $924,000
$2,367/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Price change | $915,000-5.2%$389/sqft |
Source: | ||
| 6/2/2026 | Listed for sale | $965,000+179.7%$410/sqft |
Source: | ||
| 12/7/2004 | Sold | $345,000$147/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,504 +4.5% | $903,670 +3% |
| 2024 | $7,180 +2.6% | $877,340 -2.5% |
| 2023 | $7,000 +6.7% | $899,623 +16% |
| 2022 | $6,558 +14.7% | $775,551 +26% |
| 2021 | $5,717 +1.9% | $615,517 +8% |
| 2020 | $5,609 | $569,923 +5.4% |
| 2019 | $5,609 +1.9% | $540,841 +11.4% |
| 2018 | $5,507 +11.7% | $485,469 +16.1% |
| 2017 | $4,930 -0.7% | $417,974 +10.9% |
| 2016 | $4,965 +32.5% | $377,011 +9.8% |
| 2015 | $3,748 | $343,310 +5.4% |
| 2014 | $3,748 +2% | $325,721 +3.6% |
| 2013 | $3,675 | $314,489 +4.6% |
| 2012 | -- | $300,540 |
| 2009 | $2,564 -8.4% | $300,540 +5.7% |
| 2008 | $2,799 | $284,390 |
| 2007 | $2,799 +19.9% | $284,390 |
| 2005 | $2,335 | $284,390 +38.8% |
| 2004 | $2,335 -5.9% | $204,920 |
| 2003 | $2,480 +2.8% | $204,920 |
| 2002 | $2,412 -0.4% | $204,920 |
| 2001 | $2,421 | $204,920 +10.1% |
| 2000 | -- | $186,180 |
| 1999 | -- | $186,180 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lettered Streets
Nearby schools
Schools provided by the listing agent
- Elementary: Parkview Elem
- Middle: Whatcom Mid
- High: Bellingham High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






