0 Byron Avenue #LOTS 22-23-24, Bellingham, WA 98225
Local realty services provided by:RSVP Brokers ERA
Listed by: michelle r harrington
Office: compass
MLS#:2494767
Source:NWMLS
0 Byron Avenue #LOTS 22-23-24,Bellingham, WA 98225
$890,000
- 0.26 Acres
- Lots / Land
- Active
Price summary
- Price:$890,000
About this home
This is an exceptional investment opportunity in Bellingham's thriving Samish Way Urban Village, a designated federal Opportunity Zone. With plans to build 45-55 studio units (initial plans show 40, with potential for an additional 10-15 units), this project offers lucrative potential in a vibrant, mixed-use neighborhood near Western Washington University.The location is ideal—nestled between I-5 and the Sehome/York neighborhoods, the Samish Way Urban Village is designed for 5-7 story developments that promote density, walkability, and connectivity. Nearby, the Samish Commons project is already setting the tone with affordable housing, commercial spaces, and enhanced pedestrian pathways.Investors will also benefit from Bellingham’s 8-year Multi-Family Tax Exemption (MFTE) program, available in this area. This incentive provides a property tax exemption on new residential improvements for projects with at least five units, without affordability requirements—a rare opportunity to maximize market-rate returns. At approximately $18K per unit, the numbers make this project even more compelling.Whether developed as high-demand condos or rental apartments, this property aligns with market trends and offers significant tax advantages, including Opportunity Zone incentives for long-term gains. Don't miss your chance to capitalize on this prime location and robust growth potential....
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Home facts
- Listing ID #:2494767
- Updated:March 20, 2026 at 12:25 AM
Structure and exterior
- Lot area:0.26 Acres
- Lot Features:Paved
Schools
- High school:Sehome High
- Middle school:Fairhaven Mid
- Elementary school:Happy Vly Elem
Utilities
- Water:Available, In Street
- Sewer:Available, In Street
Finances and disclosures
- Price:$890,000
- Tax amount:$1,365 (2025)
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