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1512 I St

Bellingham, WA 98225

4 bd 4 ba 2,400 sqft Built 1994 Lot 4,792 sqft multi_family
Most recent sale
$1,120,000
Jul 7, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 29, 2024 Listed $1,313,000 NWMLS
Jul 7, 2022 Sold $1,120,000 Public Record
Jul 7, 2022 Sold $1,120,000 MLS #1944269
Jun 3, 2022 Listed $999,000 MLS #1944269
Sep 30, 1996 Sold $216,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $483,504 $231,336 $714,840 $6,045
2022 $383,734 $183,600 $567,334 $5,269
2021 $355,309 $170,000 $525,309 $5,170
2020 $321,398 $149,733 $471,131 $4,797
2019 $288,464 $134,433 $422,897 $4,294
2018 $248,362 $115,740 $364,102 $4,324
2017 $224,533 $103,860 $328,393 $3,732
2016 $204,191 $94,860 $299,051 $3,264
2015 $193,730 $90,000 $283,730 $3,201
2014 $192,771 $89,250 $282,021 $3,235
2013 $184,470 $85,000 $269,470 $2,939
2012 $184,470 $85,000 $269,470 $2,711
2011 $184,470 $85,000 $269,470 $2,629
2010 $184,470 $85,000 $269,470 $2,407
2009 $173,520 $85,000 $258,520 $2,330
2008 $173,520 $85,000 $258,520 $2,544

Property facts

Year built
1994
Property type
multi_family
Stories
Beds
4
Baths
4
Living area
2,400 sqft
Lot size
4,792 sqft
ZIP code
98225
City
Bellingham
Street
I St
Coordinates
48.75797, -122.48752

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$5,520
Gross rental yield
5.91%
Implied cap rate
3.84%
Trend-extrapolated value

Frequently asked questions

When did 1512 I St last sell?
1512 I St most recently sold on Jul 7, 2022 for $1,120,000.
What is the current tax assessment for 1512 I St?
The most recent total assessment for 1512 I St (year 2023) is $714,840 with $6,045 in property tax.
How does 1512 I St's assessment compare to its last sale price?
The current assessment is 36.2% below the last sale price of $1,120,000.
When was 1512 I St built?
1512 I St was built in 1994.
How does 1512 I St compare to others on I St?
We track 8 other properties on I St. Browse the list under "Other properties on I St" to compare beds, baths, and sale history.
What are the property facts for 1512 I St?
1512 I St is a 4 bed, 4 bath, 2,400 sqft, 4,792 sqft lot multi_family.
Is 1512 I St a flip candidate?
No — 1512 I St does not appear in our flips dataset.
Is 1512 I St a tax-appeal candidate?
No — 1512 I St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.5%
Implied 1-yr
+13.8%
2026 Q3
$1.11M
2026 Q4
$1.14M
ZIP 98225 — Median Price History + Forecast

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