1302 Larrabee Avenue, Bellingham, WA 98225 - Photo 1

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$785,000 -$40,000 (-4.85%) Price Reduced

For Sale
Active
Multi-Family
Updated 5 days ago

Listed by Greg Martineau | Gage CRE | (360) 483-0508 and Michelle R Harrington | Compass | (360) 233-5033

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Property Description

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).

Full Property Details

Full Property Details for 1302 Larrabee Ave

General

Price: $785,000
Taxes: $3,991 (2025)
Status: Active
Type: Multi-Family
Source: NWMLS
MLS ID: 2430806
Updated: 1/12/2026
Added to Site: 131 day(s) ago

Parking

Uncovered Spaces: 1

Location

Area: 860 - Bellingham
County: Whatcom
Subdivision: Fairhaven
Building Name: Faihaven Land Company Second Addiion
Driving Directions: From I-5, exit 250 to Old Fairhaven Pkwy. East on Old Fairhaven Pkwy approx 2 miles. North on 14th, East on Larrabee. Property is on left.

School Information

High School District: Bellingham

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard

Utilities

Sewer: Sewer Connected
Water: Public

Structural Information

Structure Type: Multi Family
Exterior Const.: Wood
Roof: Composition
Stories in Building: 1
Square Feet: 644
Year Built: 1916

Unit Information

Units in Building: 1

Lot Features

Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5,662
Lot Size Source: Assessor

Financial Considerations

Tax Amount: $3,991.88
Tax Year: 2025
Terms: Cash Out, Conventional

Disclosures and Reports

Special Conditions: None
Property ID: 3702011720270000
Block: 109
Lot Number: 8-9

Listed by Greg Martineau | Gage CRE | (360) 483-0508 and Michelle R Harrington | Compass | (360) 233-5033

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Schools

Schools serving 1302 Larrabee Ave

School District:Bellingham School District

Name	Grades	Distance
Lowell Elementary School, Bellingham, WA 935 14th Street, Bellingham, WA 98225	PK-5	0.4 mi
Fairhaven Middle School 110 Parkridge Road, Bellingham, WA 98225	6-8	0.3 mi
Sehome High School 2700 Bill McDonald Parkway, Bellingham, WA 98225	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1302 Larrabee Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/12/2026

Price Reduced

$785,000

-4.85%

MLS

11/25/2025

Price Reduced

$825,000

-7.82%

MLS

10/24/2025

Price Reduced

$895,000

-3.24%

MLS

9/19/2025

Price Reduced

$925,000

-5.13%

MLS

9/15/2025

Price Reduced

$975,000

-2.4%

MLS

9/08/2025

Listed

$999,000

250.53%

MLS

10/08/2015

Sold

$285,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1302 Larrabee Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,980

34%

$486,637

17%

2021

$2,962

-16%

$414,161

24%

2023

$3,514

19%

$334,010

14%

2021

$2,962

$292,989

2020

$2,911

11%

$278,110

29%

2018

$2,620

13%

$215,482

2017

$2,310

-9%

$198,321

-18%

2019

$2,534

21%

$242,760

29%

2016

$2,102

—

$188,025

2016

$2,102

13%

$179,070

2013

$1,853

—

$171,605

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1302 Larrabee Ave

1302 Larrabee Avenue, Bellingham, WA 98225 (MLS# 2430806) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 1302 Larrabee Avenue is currently listed for $785,000 and was received on September 08, 2025. Want to learn more about 1302 Larrabee Avenue? Do you have questions about finding other Multi-Family real estate for sale in Bellingham? You can browse all Bellingham real estate or contact a Coldwell Banker agent to request more information.

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1302 Larrabee Ave Bellingham, WA 98225