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$400,000
2548858 MLS ACTIVE Status
Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.

5887 Cedar Street, Ferndale

Listing courtesy of RE/MAX Whatcom County, Inc..

$525,000
2542764 MLS ACTIVE Status
Turnkey 4-Lot Short Plat – Permit-Ready Townhome Development. Welcome to 21st Street T-Homes, a fully entitled development opportunity two years in the making. This turnkey project includes a completed 4-lot short plat and permit-ready plans for four zero-lot-line townhomes, with all development and entitlement costs already paid except for the building permits, which are ready for pickup today. The approved design features two separate buildings, each containing two townhomes: Two smaller townhomes fronting Lenora Street, each offering: 2 bedrooms, 1.5 bathrooms and Single-car garage. Two larger townhomes fronting 21st Street, each offering: 3 bedrooms, 2.5 bathrooms and Two-car garage. Ideally located between Western Washington University and Fairhaven, this project presents exceptional flexibility and investment potential. Build and sell the homes individually, construct and hold as two duplexes for long-term income, or explore the possibility of combining the four lots into two larger homesites (buyer to verify). A rare opportunity to step directly into a permit-ready project in one of Bellingham's most desirable locations.

1021 21st Street, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$785,000
2497562 MLS ACTIVE Status
Build Opportunity. 7,405 sq ft lot in Bellingham’s Commercial Core. The property is situated in the Downtown Urban Village District which has a multifamily housing development benefit of exempting minimum parking requirements per City Ordinance No 2025-01-001. Ideal for a urban village multifamily over limited commercial development. Excellent fit for a WWU student housing project, conventional housing, or tax-credit housing with a Waker’s Paradise score of 98 and Very Bikeable score of 88. Projects nearby have been highly successful with almost no vacancy and fast absorption. No height restrictions or setbacks allow for a high density project. Adjacent 6,970 sq ft lot that fronts Holly Street is also available for a total combined site of 14,375 sq ft.

319 E Holly Street, Bellingham

Listing courtesy of Pacific Continental Realty LLC.

$1,400,000
2495202 MLS ACTIVE Status
Prime development opportunity in downtown Blaine at the corner of F St & 3rd St. Approx. 30,477 SF (per survey) in the Blaine Central Business District, with proximity to Starbucks, Hills Chevron, Bordertown Mexican Grill, L&L Bakery, Black Forest Steak House, and other downtown amenities. Highly visible, level site with existing curb cut and quick access to Peace Portal Dr, the waterfront, and cross-border traffic. Zoned Central Business – Town Portal (TP) with multifamily and commercial potential. Recent city action has temporarily removed development constraints in the CBD, including height limits and parking requirements, creating a rare window for increased density and design flexibility. Conceptual plans available for a 40+ unit multifamily project. Upper-level units may capture views of the harbor, San Juan Islands, and Mt. Baker. Ideal for developers or investors looking to capitalize on evolving downtown Blaine zoning. Conceptual materials available upon request.

265 F Street, Blaine

Listing courtesy of Keller Williams Western Realty.

$350,000
2490543 MLS ACTIVE Status
Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.

5870 Portal Way, Ferndale

Listing courtesy of eXp Realty.

$2,750,000
2423560 MLS ACTIVE Status
Prime Development Opportunity in Bellingham, WA Welcome to an exceptional corner site located at the intersection of McLeod Road and Sunset Drive-one of Bellingham’s most desirable neighborhoods. We have drawings for 32 thoughtfully designed townhomes, each featuring three spacious bedrooms and attached two-car garages, ideal for modern living. Property Highlights Strategic Location: Every unit includes a private garage, a rare and valuable amenity in this market Three Bedrooms: Perfect for investors seeking long-term rental appeal Green Space Whether you're looking to build and sell or hold for rental income, the location and layout are primed for success. We are looking for builders or investors to partner with us to finish the entitlements and build this great project.

3001 E Sunset Drive, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$5,360,000
2382543 MLS ACTIVE Status
Prime development opportunity: 4.13 acres of pristine flat terrain bordering the prestigious Bellingham Golf & Country Club. This exceptional parcel comes fully entitled for 67 townhomes with preliminary plat approval already secured. Future residents will enjoy ideal location along 8th and 9th holes in this coveted location offering seamless connectivity—minutes from downtown Bellingham, the revitalized waterfront district, and I-5 corridor. The property boasts walkability to the natural sanctuary of Cornwall Park. Convenient access to existing utilities along Meridian Street. An incredible investment opportunity in one of Bellingham's most desirable areas. The adjacent Golf Course is NOT included in this offering.

3729 Meridian Street, Bellingham

Listing courtesy of Gage CRE.

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