5 XX Gladstone Street, Bellingham, WA, 98225 | $2,054/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Bellingham at 5 XX Gladstone Street, Bellingham, WA, 98225 with 5% annual appreciation on a $925,000 basis while $7,614/mo rent supports operations. Total monthly income totals $7,614/mo and a $4,527/mo payment preserves $2,054/mo for cash returns. Annual cash flow comes to $24,649/yr on $304,325 deployed, and return on cash invested reaches 28.16% in year one. Equity gained on principal adds $5,969/yr, and five-year appreciation sums $255,560 alongside rental yield of 9.88%. Five-year ROI measures 146.82% and total cumulative return in cash totals $446,821.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,614/mo property income versus a $4,527/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1925

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

This rare property offers exceptional flexibilityoperate 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 Nelsons Market and Caf, 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.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98225, Bellingham, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,865 (100%)
Owner Occupied HU	9,090 (38.1%)
Renter Occupied HU	13,336 (55.9%)
Vacant Housing Units	1,439 ( 6.0%)
Median Home Value	$726,050
Average Home Value	$791,333