1512 I Street
1512 I Street
Bellingham, WA 98225
$1,313,000
Price
4
Beds
4
Baths
2,400 Sq. Ft.
$547 / Sq. Ft.
2,400
Sq. Ft.
$547
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
Here is an incredible opportunity to own a well cared for 4-plex in the desirable Lettered Streets neighborhood! Situated perfectly with trail access out the front door, a great walk & bike score + 4 parking spots! Two 2 bedroom, 1 bath units and two Studios with shared deck access. Many thoughtful updates throughout such as a newer roof, interior and exterior paint, updated bathrooms, newer carpet, and new appliances, as well as new recessed lighting and wall heaters throughout. All units include...Here is an incredible opportunity to own a well cared for 4-plex in the desirable Lettered Streets neighborhood! Situated perfectly with trail access out the front door, a great walk & bike score + 4 parking spots! Two 2 bedroom, 1 bath units and two Studios with shared deck access. Many thoughtful updates throughout such as a newer roof, interior and exterior paint, updated bathrooms, newer carpet, and new appliances, as well as new recessed lighting and wall heaters throughout. All units include dishwashers and in-unit laundry! WOW! Proximity to restaurants, a yoga studio, parks, and more! An overall great building with excellent rental history!
Listing Agent
![Alana Mey]()
alana.mey@compass.comP: 360.421.0733
Property Details for 1512 I Street
Community Name
Lettered Streets
School DistrictBellingham
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking0
Entry Date03-29-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of COMPASS![]()
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LISTING UPDATED: 04/27/2024 10:17 PM
Property Details for 1512 I Street
| Status | Active |
|---|---|
| MLS # | 2216478 |
| Days on Market | 37 |
| Cumulative Days on Market | 37 |
| Taxes | $6,452 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1994 |
| Lot Size | 0.11 AC / 4,792 SF |
| County | Whatcom County |
Location
Listing Courtesy of COMPASS![]()
Add your commute
Building Information for 1512 I Street
Stories2Residences4Year Built1994Building Size-Lot Size0.11 AC / 4,792 SF
Payment Calculator
$7,703 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,166
Property Taxes
$538
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1512 I Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, High Speed Internet
- Area: 860 - Bellingham
- Block: 49
- Elementary School: Parkview Elem
- Middle Or Junior School: Whatcom Mid
- High School: Bellingham High
- Directions: From I-5 take Exit 253 and head West on Lakeway Dr. Soft right onto Holly St. Right on I St. Property is on your right (parking behind building).
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3939
- Power Company: PSE
- Sewer Company: COB
- Water Company: COB
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Construction Methods: Standard Frame
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 36
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Dimensions: 50x100
- Lot Number: 8
- Lot Size Source: Realist
- Parcel Number Free Text: 380225-529463
- Calculated Square Footage: 2400
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2400.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- 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: 12591
- Gross Adjusted Income: 81300
- Gross Rent Multiplier: 16.15
- Gross Scheduled Income: $81,300
- Insurance Expense: $2,200
- Net Operating Income: $68,709
- Other Expenses: $0
- Total Monthly Income: 6775
- Fuel Expense: $0
Unit 1
- Name Unit 1: 101
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 500
- Rent Unit 1: $1,515.00
- Bedrooms Unit 1: 0
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 102
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 700
- Rent Unit 2: $2,005.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 201
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 500
- Rent Unit 3: $1,505.00
- Bedrooms Unit 3: 0
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 202
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 700
- Rent Unit 4: $1,750.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2400.0
- Leasable Area Units: Square Feet
Property History for 1512 I Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1512 I Street
Taxable ValueLand$231,336Additions$483,504Total$714,840
Tax Record2021$5,170 ($431 / month)
Home Facts
Baths1Total Finished SqFt2,400 SqFtAbove Ground SqFt2,400 SqFtLot Size5,001 SqFtStyleQuadraplexYear Built1994ZoningRM/OFFCountyWHATCOMAPN380225 529463 0000
Schools near 1512 I Street
This home is within Bellingham Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Parkview Elementary School PublicPK to 5 | ||
Whatcom Middle School Public6 to 8 | ||
Bellingham High School Public9 to 12 | ||
Bellingham Re-Engagement Program Public9 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.