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Rachael Wilson & Associates

Rachael Wilson & Associates
RE/MAX Whatcom County, Inc.
Bellingham, WA 98229

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Listing 16 out of 241
$430,000 Pending

401 Gladstone St
Bellingham, WA 98225

2 units | Multi Family Home
3920 sq ft lot - MLS# 1487222 Courtesy of Hoppis Real Estate LLC
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Desirable multi-family residence in prime York location, blocks away from downtown and WWU. Two units with 2 bedrooms each. Basement has potential for additional income. Whether you are a first-timer or savvy investor this is the opportunity you don't want to miss. Current owners have kept on top of maintenance over the past decade and this amazing duplex is ready for new ownership!


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1900
  • School District: Bellingham
  • Sq.Ft.: 2,927 sq ft
  • Stories: Duplex
  • Units: 2 units
  • # of Parking Spaces: 4
  • Lot Size: 3920 sq ft lot
  • View: City, Territorial
  • Area: York
  • Amenities: Basement
  • Area Number: 860
  • Bathrooms Unit 1: 0.75
  • Bathrooms Unit 2: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Cap Rate - NOI div LP: 4.00
  • Energy Source(heat): Natural Gas
  • Floor Covering: Hardwood, Wall to Wall Carpet
  • Foundation: Concrete Block
  • General Zoning Class: Multi-Family, Residential
  • Gross Adjusted Income: $25450
  • Gross Rent Multiplier: $15
  • Gross Scheduled Income: $27900
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $1079
  • Lot Details: Corner Lot, Paved Street
  • Net Operating Income: $17608
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Rent Unit 1: $1300
  • Rent Unit 2: $1100
  • Roof: Composition
  • Site Features: Cable TV, Deck, Gas Available
  • Total Expenses: $7842, $7842
  • Total Monthly Income: $2400
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 2556
Courtesy of Hoppis Real Estate LLC
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-18

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Rachael Wilson & Associates

Rachael Wilson & Associates 
RE/MAX Whatcom County, Inc. 
913 Lakeway Drive
Bellingham, WA 98229

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