0 Byron Avenue

Bellingham, WA 98225

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built:

  • Status: Active

$890,000

X

0 Byron Avenue

Bellingham 98225

$890000

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built:

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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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Residence Information

  • 0

  • 40 - Res-Less thn 1 Ac

Features and Utilities

  • Available, In Street

  • Available, In Street

Financial

  • 1365

  • Cash, Conventional

  • 03-19-2026

Comparable Information

  • 1

  • 1

  • Cash, Conventional

  • $890,000

  • $890,000

  • Mar 19, 2026 17:01

Schools

Elementary : Happy Vly Elem N/A Ratings
Middle : Fairhaven Mid N/A Ratings
High : Sehome High N/A Ratings

Map

Listing courtesy of COMPASS.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 20, 2026 13:23 | Listing last modified Mar 19, 2026 17:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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