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.
74 days
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462
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14
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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: $877,340
Annual tax amount: $7,502
Date on market: 6/1/2026
Cumulative days on market: 76 days
Listing terms: Conventional,VA Loan
Estimated market value
Zestimate®
$863,400
Estimated sales range
$820,000 - $907,000
Rent Zestimate®
$2,199/mo
Price history
Date
Event
Price
7/10/2026
Price change
$915,000-5.2%$389/sqft
Source: NWMLS as distributed by MLS GRID #2532842Report a problem
6/2/2026
Listed for sale
$965,000+179.7%$410/sqft
Source: NWMLS as distributed by MLS GRID #2532842Report a problem
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.