4413 Consolidation Ave Bellingham, WA 98226
- Land
- 11.15 lot acres
Current Use by Public Records
- Land
Property Details for 4413 Consolidation Ave
- Lot size
- 11.15 lot acres
- Property type
- Land
Description
This exceptional 11.15-acre parcel in Bellingham, Washington, presents a prime opportunity for multifamily development. Located at 4413 Consolidation Ave, in the desirable South Bellingham CBA Whatcom County submarket, this property boasts a city-approved Planned Development Permit and Design Review, including site plans, elevations, SEPA compliance, and wetland delineation. The approved plan encompasses three buildings totaling approximately 150,000 square feet of buildable area, designed to house 106 efficient three-bedroom, three-bathroom suites (approximately 1,000 square feet each), resulting in a total of 318 bedrooms. Building A and B will each contain 20 units, while Building C will house 66 units. The project is designed for phased construction, offering flexibility for developers. Ample parking is provided with 257 surface spaces, exceeding city code requirements by 20%. A well-designed ingress/egress loop system ensures smooth traffic flow. Minimal off-site improvements are needed. The seller is actively pursuing building permits for the entire project. This property is conveniently located near Western Washington University and represents one of the last significant multifamily development opportunities in South Bellingham. The project is vested and unaffected by recent emergency tree ordinances. Seller financing may be available for qualified buyers. The property is zoned RM and has an APN of 79343 : 3803321721750000. The asking price is $4,240,000, representing approximately $40,000 per door. Cross street is Nevada St.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.452
- Latitude
- 48.796
