Listed by COMPASS
$1,349,000

Estimated payment $7,851/month

8 Beds
4 Baths
3,504 Sq Ft
$385 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Fairhaven Middle School Rated A-

About This Home

Excellent investment opportunity close to Western Washington University! This 4-plex offers four spacious 2-bedroom, 1-bath units with strong rental appeal near campus, shopping, transit, and downtown Bellingham. Each unit has a private entrance with front porch, and private balcony. Shared coin-op laundry and storage space for all units. Rent all or live in 1, rent the others! The property sits on a generous lot with convenient parking and easy access to I-5. Development potential for additional units — up to approximately 12 total on this parcel. A solid income property today with room to explore future options. Newer TPO roof.

Listing Agent

Jenn Ryan

COMPASS License #21013230 Listed on: 10/09/2025

COMPASS

Co-Listing Agent

Erika Buse

COMPASS License #125354

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2442331

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,385

Year Built

  • Built in 1972

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Stone Siding
  • Stone

Interior Spaces

  • 3,504 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Gises Add To Sehome Condos
  • Fairhaven Subdivision

Listing and Financial Details

  • Legal Lot and Block 15-16 / 3
  • Assessor Parcel Number 3702014902050000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,385

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1972
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Gises Add To Sehome
  • New Construction: No
  • CalculatedSquareFootage: 3504
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Seller's Offer of Compensation
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat, See Remarks
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Stone
  • Exterior Features: Stone
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3702014902050000
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Whatcom County Tax Records
  • LotNumber: 15-16

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.8
  • LeasedItems: None
  • TotalMonthlyIncome: 6253

Tax Info

  • Year: 2025
  • Tax Annual Amount: 8385

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,257 $1,024,733 $439,244 $585,489
2023 $8,257 $1,061,369 $454,948 $606,421
2022 $6,800 $903,298 $387,192 $516,106
2021 $6,460 $728,486 $312,260 $416,226
2020 $6,348 $639,017 $273,910 $365,107
2019 $5,123 $606,566 $260,000 $346,566
2018 $5,297 $490,859 $282,100 $208,759
2017 $4,672 $435,705 $250,400 $185,305
2016 $4,253 $401,137 $230,400 $170,737
2015 $4,186 $380,396 $218,400 $161,996
2014 -- $362,275 $208,000 $154,275
2013 -- $345,680 $200,000 $145,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2025 10/09/25 For Sale $1,349,000 +239.4% $385 / Sq Ft
11/07/2012 11/07/12 Sold $397,500 -6.5% -- View Prior Sale
09/04/2012 09/04/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $425,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $397,780 Chicago Title Company
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2442331

Northwest Multiple Listing Service (NWMLS)

APN: 370201-490205-0000