Listed By:
Windermere Real Estate Whatcom and NWMLS
1115 N Forest Street, Bellingham, WA
$ 787,500
Property Attributes
  • ID#2039856
  • TypeMulti-Family
  • CountyWHATCOM
  • CityBellingham
  • AreaBellingham
  • NeighborhoodDowntown
  • Zip98225
  • Style4-Plex
  • Year Built1904
  • Taxes$ 5247
  • Price$ 787,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1994
  • Lot Size4,356 SqFt
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

This is a rare find of a 4 plex that is almost 120 years old with good "bones" and character. One unit (#5) has a partial bay view and the others all have tall ceilings and long term tenants. These are all one bed/one bath units and there is off alley parking which is dedicated to the tenants. There is even a small lawn between the building and the parking area. There is asbestos siding which appears to be in good condition. The Seller has had this property for 35 years and it has always had tenants due to its awesome location and proximity to Downtown and WWU, he has not lived in the area for a number of years, however, if the building and units were improved the rental rates could be much higher. All four leases are 1 year.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
2/28/2023 Listed $875,000
7/29/2023 10% - $787,500

General Features

Building Area Units Square Feet
Building Name New Whatcom
Carport Y/N No
City Bellingham
County Whatcom
Directions Between E Maple and E Chestnut on the South side of N Forest. Parking on the street or perhaps the alley.
Electric Expense 182
Elementary School Buyer To Verify
Exterior Features See Remarks
Fuel Expense 1584
High School Buyer To Verify
High School District Bellingham
Insurance Expense 1272
Interior Features Fir/Softwood, Wall to Wall Carpet
Leasable Area 1994
Listing Terms Cash Out, Conventional
Lot Size Square Feet 4356
MLS Area 860 - Bellingham
Middle/Junior High School Buyer To Verify
Net Operating Income 26688
New Construction No
Open Parking Spaces 3
Possession Tenant's Rights
Possible Use Multi-Family
Property Condition Average
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
Public Remarks This is a rare find of a 4 plex that is almost 120 years old with good bones and character. One unit (#5) has a partial bay view and the others all have tall ceilings and long term tenants. These a
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Forest
Structure Type Quadruplex
Subdivision Name Downtown
Tax Annual Amount 5247
Tax Year 2022
Total Units 4
Units Below Grade false
Units In Building Total 4
View Bay, Partial, See Remarks
View Y/N Yes
Water Company City Of Bellingham
Water Sewer Garbage 3427
Waterfront Y/N No
Year Built 1904
Zoning Class Multi-Family

Interior Features

Air Conditioning Y/N No
Fireplace Y/N No
Flooring Softwood, Vinyl Plank, Carpet
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Natural Gas
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 1994
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Dimensions 27' x 125'
Lot Features Paved, Sidewalk
Lot Number 12
Lot Size Acres 0.1
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 3
Site Features High Speed Internet
Total Parking 3
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98225

AVG $5.73M
AVG $7,787
AVG 131
Data Provided by Inside Real Estate®
Year Built
AVG 1965
AVG 72
Data Provided by Walkscore® not using MLS data

Areas We Cover