1440 Franklin Street, Bellingham, WA, 98225
About This Home
Opportunity knocks in one of Bellingham's most sought-after rental locations! Just blocks from the vibrant downtown core and Western Washington University, this 7-bedroom home offers exceptional income-producing potential for investors or those looking to expand their rental portfolio. While the exterior is modest, the true value lies in the generous bedroom count, flexible floor plan, and unbeatable location that continues to attract strong tenant demand. Situated in the heart of the York neighborhood, residents will enjoy easy access to restaurants, coffee shops, parks, shopping, public transit, and all that downtown Bellingham has to offer, with WWU just a short walk away. Whether you're looking to continue operating it as a high-performing rental, explore value-add improvements, or invest in one of the city's most desirable rental corridors, this property presents a rare opportunity to capitalize on location, cash flow potential, and long-term appreciation. Bring your vision and unlock the possibilities!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1918
Materials
- Foundation: Poured Concrete
- Roof: Flat
- Construction materials: Wood Siding,Wood Products
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Entry Hall
- Level: Main
Features
- Flooring: Softwood
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Utility Room
- Level: Lower
Property
Details
- Parcel number: 3803304280650000
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Has view: Yes
- View description: Territorial
- Topography of land: Level
Lot
- Lot size: 4,356 sqft
Parking
- Parking features: Driveway,Off Street
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
- Earthquake
- Inland Flooding
- Ice Storm
- Cold Wave
- 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 | $3,433 | $41,196 |
| Home Insurance * | $107 | $1,284 |
| Property Taxes | $448 | $5,376 |
| Electricity | $155 | $1,871 |
| Total | $4,143 | $49,716 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listed for sale | $679,000 |
View on Zillow