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  • Listed by: Bellwether Real Estate • Renae Ingraham
    Price cut: $50K (7/10)
    $915,000

    1408 G Street, Bellingham, WA 98225

    4beds
    4baths
    2,352sqft
    : 
    $5,572/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1980
    -- sqft lot
    $863,400 Zestimate®
    $389/sqft
    $-- HOA

    What's special

    Views of bellingham bayNewer roof
    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
    |
    462
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Renae Ingraham,

    Bellwether Real Estate

    Source: NWMLS as distributed by MLS GRID,MLS#: 2532842MLS Logo

      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

        $863,400

        $820,000 - $907,000

        $2,199/mo

        Price history

        DateEventPrice
        7/10/2026Price change$915,000-5.2%$389/sqft
        Source: NWMLS as distributed by MLS GRID #2532842 Report a problem
        6/2/2026Listed for sale$965,000+179.7%$410/sqft
        Source: NWMLS as distributed by MLS GRID #2532842 Report a problem
        12/7/2004Sold$345,000$147/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lettered Streets

        Getting around

        90 / 100
        Very Walkable
        51 / 100
        Good Transit
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        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.

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