Located within a designted OPPORTUNITY ZONE which allows for many long term tax benefits (BUYER TO VERIFY) Great Mutli Family Property with Three -3 BEDROOM units AND 1 Studio and 2 Garages. Right next the Park above South Hill Apartments. Amazing Bays Views, Updated Electrical Breaker w 4 subpanels. Gas Heat. Locking Mailboxes. Good rental income currently with room for growth Very Close to WWU and conveniently located just minutes from Fairhaven and Downtown Bellingham Appraisal of $1.4M gives instatnt equity
Utopia Management IncLicense #20109729Listed on: 05/07/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2364829
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,232
Year Built
Built in 1908
Lot Details
5,663 Sq Ft Lot
Lot Dimensions are 48x110
Corner Lot
Property is in good condition
Home Design
Quadruplex
Block Foundation
Composition Roof
Wood Siding
Stucco
Wood Composite
Interior Spaces
4,269 Sq Ft Home
3-Story Property
Thermal Windows
Bay Views
Flooring
Softwood
Carpet
Ceramic Tile
Vinyl
Bedrooms and Bathrooms
10 Bedrooms
4 Bathrooms
Parking
2 Parking Spaces
2 Covered Spaces
Open Parking
Utilities
Baseboard Heating
Community Details
No Home Owners Association
Bellingham Subdivision
Listing and Financial Details
Assessor Parcel Number 3802364151840000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,232
Year Built
Built in 1908
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 54 - 4-Plex
Year Built: 1908
MLS Status: Pending
Prev Status: Pending
New Construction: No
CalculatedSquareFootage: 4269
EffectiveYearBuiltSource: Public Records
SOCComments: FORM 17 EXEMPT
Sold AS IS
3604100172
Special Features: VirtualTour
Cumulative Days on Market: 80
Interior Features
Possible Use: Multi-Family
Total Bedrooms: 10
Fireplace: No
Flooring: Ceramic Tile, Softwood, Vinyl, Carpet
Interior Amenities: Ceramic Tile
Stories: 3
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows
Exterior Features
Roof: Composition
View: Bay
Lot Features: Corner Lot, Curbs, Paved, Sidewalk
View: Yes
Waterfront: No
Construction Type: Stucco, Wood
Exterior Features: Stucco, Wood, Wood Products
Foundation Details: Block
Property Condition: Good
Structure Type: Quadruplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 2
Open Parking Spaces: 2
Open Parking: Yes
Total Parking Spaces: 2
ParkingUncoveredSpaces: 2
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling: None
Cooling Y N: No
Heating: Baseboard, Fireplace Insert
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: COB
WaterCompany: COB
WaterSewerGarbage: 5079
Condo/Co-op/Association
Senior Community: No
Association: No
Fee Information
Annual Fuel Expense: 603
Schools
Junior High Dist: Bellingham
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 3802364151840000
Lot Size Acres: 0.13
Lot Size: 48x110
Lot Size Sq Ft: 5663
Zoning Description: Multi-Family
Irrigation Water Rights: No
ShowMapLink: true
MLSLotSizeSource: Realist
MLSSquareFootageSource: Realist
ZoningJurisdiction: City
Green Features
Efficiency: Thermal Windows
Power Production Type: Electric, Natural Gas
Rental Info
GrossRentMultiplier: 11.29
LeasedItems: Washer/Dryer
TotalMonthlyIncome: 7754
Multi Family
Gross Scheduled Income: 88059
Net Operating Income: 63689
Number Of Units Total: 4
Electric Expense: 646
Insurance Expense: 5746
Leasable Area: 4269
EnergySource: Electric,Natural Gas
UnitsInBuildingTotal: 4
UnitsBelowGrade: true
VacancyRate: 4
Tax Info
Year: 2025
Tax Annual Amount: 11232
MLS Schools
Elementary School: Buyer To Verify
Map
Range of Values:
Collateral Analytics
Collateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Not Available
Collateral Analytics does not have data for the current month. Please view the chart for historical values.
ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
Not Available
ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.
First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Not Available
First American does not have data for the current month. Please view the chart for historical values.
Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
Not Available
Quantarium does not have data for the current month. Please view the chart for historical values.
Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$11,060
$1,372,747
$591,290
$781,457
2023
$11,060
$1,421,826
$612,430
$809,396
2022
$9,065
$1,210,072
$521,220
$688,852
2021
$8,425
$975,891
$420,350
$555,541
2020
$8,274
$856,037
$368,725
$487,312
2019
$6,975
$812,565
$350,000
$462,565
2018
$7,241
$686,788
$267,995
$418,793
2017
$6,380
$609,621
$237,880
$371,741
2016
$5,813
$561,396
$218,880
$342,516
2015
$5,722
$532,461
$207,480
$324,981
2014
--
$507,092
$197,600
$309,492
2013
--
$482,249
$190,000
$292,249
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
07/15/202507/15/25
Pending
--
--
--
07/10/202507/10/25
Price Changed
$995,000
-28.9%
$233 / Sq Ft
05/27/202505/27/25
For Sale
$1,400,000
0.0%
$328 / Sq Ft
05/12/202505/12/25
Pending
--
--
--
05/07/202505/07/25
For Sale
$1,400,000
--
$328 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Attention savvy investors! 4plx in secluded county location yet convenient to town, Galbraith, Lk Padden, Wade King elem, I5... Backs up to forested green belt. 2 story building with daylight basement on slab, 2 units up, 2 down. Each unit configured alike with open concept layout, generous room sizes, full baths, private laundry, decent storage, deck/patio, private entry and (2) parking per
Discover a prime investment opportunity with this triplex property. It includes a single-family home alongside a newer built 3-bedroom, 2-bathroom duplex. Each unit comes with dedicated parking. The residents enjoy the tranquility of a dead end street with minimal traffic, as well as the convenience of proximity to Roosevelt Park, Barkley Village, the Railroad trail system, and easy access to
This home is located at 225 N Forest St, Bellingham, WA 98225 and is currently priced at $995,000, approximately $233 per square foot. This property was built in 1908. 225 N Forest St is a home located in Whatcom County with nearby schools including Lowell Elementary School, Fairhaven Middle School, and Sehome High School.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
