500 Gladstone St

Bellingham, WA 98225

$895,000
Price
4
Beds
4
Baths
1,872 Sq. Ft.
$478 / Sq. Ft.
1,872
Sq. Ft.
$478
per Sq. Ft.
a view of a house with a house in the background
a view of backyard of house
an empty room with wooden floor and windows
a kitchen with a sink stove and cabinets
a view of room with window and hardwood floor
a bathroom with a sink a toilet and shower
an empty room with windows
an empty room with a window
a bathroom with a toilet a sink and bathtub
a bathroom with a sink and a mirror
an empty room with windows
a view of room with window
a bathroom with a sink a toilet and tub
a bathroom with a toilet and a sink
a kitchen with a stove a sink and a refrigerator
Listing provided by Northwest MLS

Description

This rare property offers exceptional flexibility—operate it as a 4-plex or as two separate duplexes. Each apartment features 1 bdrm and 1 bath, along with an equal amount of square footage in a daylight basement that can function as a garage, storage area, or workspace. Ideally located just a short distance from Nelson’s Market and Café, offering walkability and long-term rental appeal. All units are vacant preparing for sale, one long term tenant in 504 recently signed a new lease at $1,400 per...This rare property offers exceptional flexibility—operate it as a 4-plex or as two separate duplexes. Each apartment features 1 bdrm and 1 bath, along with an equal amount of square footage in a daylight basement that can function as a garage, storage area, or workspace. Ideally located just a short distance from Nelson’s Market and Café, offering walkability and long-term rental appeal. All units are vacant preparing for sale, one long term tenant in 504 recently signed a new lease at $1,400 per month, providing a reliable benchmark for rental potential. Property updates include a new roof (500), gas ranges and heat throughout, new LVP flooring in 500 Gladstone, and a newly installed sewer line in 508.
  1. Listed by David Hovde • Windermere Real Estate Whatcom

Property Details for 500 Gladstone Street

Community Name
York
School District
Bellingham
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
4
Entry Date
12-02-2025
Energy Source
Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 01/02/2026 04:13 PM

Property Details for 500 Gladstone Street

StatusActive
MLS #2458203
Days on Market58
Cumulative Days on Market46
Taxes$8,716 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.10 AC / 4,356 SF
CountyWhatcom County

Location

Listing Courtesy of Windermere Real Estate Whatcom
Add your commute

Building Information for 500 Gladstone Street

Stories2Residences4Year Built1925Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$5,088 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,362

Property Taxes

$726

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 Gladstone Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Gas Available
  • Area: 860 - Bellingham
  • Block: 7
  • Elementary School: Lowell Elem
  • Middle Or Junior School: Fairhaven Mid
  • High School: Sehome High
  • Effective Year Built Source: Public Records
  • Directions: On the corner of Grant and Gladstone.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl, Carpet
  • Amenities: Basement
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5040
  • Power Company: PSE
  • Sewer Company: COB
  • Water Company: COB
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • MLS Square Footage Source: Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: See Remarks
  • Year Built Effective: 1925
  • Photos Count: 16
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 55 x 40
  • Lot Number: 1
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3803304580990000
  • Building Condition: Good
  • Calculated Square Footage: 1872
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1872.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 16905
  • Gross Adjusted Income: 67200
  • Gross Rent Multiplier: 13.32
  • Gross Scheduled Income: $67,200
  • Insurance Expense: $3,149
  • Net Operating Income: $50,295
  • Other Expenses: $0
  • Total Monthly Income: 5600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 500
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 468
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 504
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 468
  • Rent Unit 2: $1,400.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 508
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 468
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 512
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 468
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 3744.0

Property History for 500 Gladstone Street

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Price Change

NWMLS #2458203

$895,000—
Dec 2, 2025

Listed (Active)

NWMLS #2458203

$925,000—
DateEvent & SourcePrice
12/16/2025

Price Change

NWMLS #2458203

$895,000
12/02/2025

Listed (Active)

NWMLS #2458203

$925,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 500 Gladstone Street

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Fairhaven Middle School
Public - 6 to 8
Sehome High School
Public - 9 to 12
Bellingham Family Partnership Program
Public - K to 12
Rating
School
Distance
Lowell Elementary School
PublicPK to 5

Fairhaven Middle School
Public6 to 8

Sehome High School
Public9 to 12

Bellingham Family Partnership Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 500 Gladstone Street, Bellingham, WA 98225

500 Gladstone Street is a multi-family home for sale in Bellingham, WA 98225. This property was listed for sale on December 2, 2025 by Windermere Real Estate Whatcom, it's currently listed at $895,000. This listing's school district is Bellingham Public Schools. Nearby schools include Lowell Elementary School, Fairhaven Middle School and Sehome High School. 500 Gladstone Street is a 4-bed, 4-bath, 1,872 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Whatcom

Based on information submitted to the MLS GRID as of 01/02/2026 04:13 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.