$890,000
Est. $4,510/mo0 Byron Avenue, Bellingham, WA 98225
• Listed 2026-03-19•84 days on market
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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.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Sun, Jun 14$513,000
-$377,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $462K and $530K.
Rental earnings
$1,550/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$462,000Last sold price
2431 Franklin Street, Bellingham, WA 98225
$513,000Last sold price
2804 Ellis Street, Bellingham, WA 98225
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
0 Byron Avenue, Bellingham, WA 98225
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of March 21, 2026 at 07:19am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Michelle R Harrington • COMPASS
Listing updated: March 21, 2026 at 07:19am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2494767
Bellingham is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 23 days.
$325,000 Sold
2 months ago
1 bd•~648 sq ft•Single Family
1205 E Maple Street, Bellingham, WA 98225
13%
Under list
—
Days on market
0.5 mi
Distance
$725,000 Sold
5 months ago
•Single Family
1234 Grant Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.7 mi
Distance
$725,000 Sold
5 months ago
5 bd•2 ba•~1,632 sq ft•Single Family
1234 Grant Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.7 mi
Distance
$2,100 Sold
5 months ago
3 bd•1 ba•Single Family
1205 N Garden Street #304, Bellingham, WA 98225
0%
Over list
—
Days on market
0.9 mi
Distance
$548,000 Sold
6 months ago
3 bd•1.5 ba•~1,337 sq ft•Single Family
1335 Humboldt Street, Bellingham, WA 98225
5%
Under list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Bellingham School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
