0 Bakerview Rd, Bellingham, WA 98226
This exceptional 13.81-acre development site, located off E. Bakerview Road in Bellingham, Washington (zip code 98226), presents a remarkable opportunity for multi-family development. Currently zoned for 165 units, the property offers significant potential for up to 361 units after applying density bonus credits. The gently sloped land boasts stunning southern territorial views. Water and sewer utilities are conveniently located on the site. The property is being sold as-is, as part of an estate sale. While no formal wetland delineation has been conducted, the City of Bellingham's wetland map indicates potential wetlands in the northwest corner. The property's APN numbers are 3803073330850000, 3803073280540000, 3803073371190000, and 3803073150260000. This prime location in central north Bellingham makes this a phenomenal opportunity to acquire a medium-density development site. The asking price is $4,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.