1408 G Street, Bellingham, WA, 98225
About This Home
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.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1980
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Metal/Vinyl,Wood Products
Notable Dates
- Major remodel year: 1980
Type & Style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subType: Quadruplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Vinyl,Carpet
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 2,352
- Total interior livable area: 2,352 sqft
Property
Details
- Parcel number: 3802255414020000
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Bay,Islands
- Has water view: Yes
- Water view: Bay
Lot
- Lot size: 4,791 sqft
- Features: Paved,High Speed Internet
- Lot size dimensions: 100 x 50
Parking
- Total spaces: 7
- Uncovered spaces: 7
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Coastal Flooding
- Cold Wave
- Earthquake
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Whatcom County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,626 | $55,512 |
| Home Insurance * | $145 | $1,740 |
| Property Taxes | $604 | $7,248 |
| Electricity | $160 | $1,930 |
| Total | $5,535 | $66,420 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Price change | $915,000 |
| 2026-06-02 | Listed for sale | $965,000 |
| 2004-12-07 | Sold | $345,000 |
View on Zillow