This listing courtesy of Michelle R Harrington , COMPASS

$890,000

0 Byron Avenue, Bellingham, WA 98225

Land
Built in ——
0.26acre lot
—— car garage
$——/sqft
Listed 15 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: April 3, 2026 at 8:19PM
Listing Office:: COMPASS : 360-233-5033
Listing Agent:: Michelle R Harrington : 360-233-5033
MLS ID:: 2494767

A/C: None
Heating: None
Fireplace: Fireplaces: 0

General: Corners Flagged

General: 40 - Res-Less thn 1 Ac

Road/Access: Paved
HOA Amenities: 0.0
Originating MLS: nwmls
School District: Bellingham
County: Whatcom

Topography: Sloped
Zoning: 3803313910740000
View: TerritorialView

Utilities: Electricity AvailableNatural Gas Available
Water: AvailableIn Street
Sewer: AvailableIn Street

Source: nwmls

This listing courtesy of Michelle R Harrington , COMPASS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Happy Valley Elementary School

1041 24th St, Bellingham, WA, 98225

Grades PK-5

0.94 miles away

Fairhaven Middle School

110 Park Ridge Rd, Bellingham, WA, 98225

Grades 6-8

1.89 miles away

Sehome High School

2700 Bill McDonald Pkwy, Bellingham, WA, 98225

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.