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Fairhaven Multi Family Redevelopment Site 1302 Larrabee Ave 1 Unit Apartment Building $760,000 ($760,000/Unit) Bellingham, WA 98225
Executive Summary
This property offers excellent versatility with multiple possibilities: redevelopment potential, live-in investment, or rental income (short-term rentals are permitted) in sought-after Fairhaven. Short walking distance to all of Fairhaven's attractions and easy I-5 access via Old Fairhaven Parkway. The 644-square-foot home sits on a generous 5,662-square-foot lot in the Residential Transition-4 zone of Fairhaven Urban Village. Previously approved plans available from 2017 for a mixed-use commercial/residential building (Buyer to verify all uses).
Property Facts
| Price | $760,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $760,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 1 | Building Size | 644 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1916 |
| Zoning | UV- RT4 - https://bellingham.municipal.codes/BMC/20.37.320 | ||
| Price | $760,000 |
| Price Per Unit | $760,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 644 SF |
| No. Stories | 1 |
| Year Built | 1916 |
| Zoning | UV- RT4 - https://bellingham.municipal.codes/BMC/20.37.320 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 370201-172027-0000 | Improvements Assessment | $155,394 |
| Land Assessment | $315,000 | Total Assessment | $470,394 |
Property Taxes
Parcel Number
370201-172027-0000
Land Assessment
$315,000
Improvements Assessment
$155,394
Total Assessment
$470,394
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Fairhaven Multi Family Redevelopment Site | 1302 Larrabee Ave
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