Rarely does an opportunity like this become available in the heart of Bellingham's beloved Fairhaven. These 5 adjoining lots, situated on a quiet street just moments from the village center, offer exceptional potential for redevelopment in one of the city's most walkable and desirable neighborhoods. The existing home is best viewed as part of the land value, with the real opportunity being the ability to create a thoughtfully designed residential project from the ground up. A completed feasibility study is available with the listing and outlines several possibilities, including remodeling the existing home while adding another home and two ADUs, or developing as many as eight townhomes, subject to final City approval and applicable requirements. The configuration of five contiguous lots provides a rare opportunity to create scale and flexibility in a neighborhood where developable land is limited. South-facing exposure brings excellent natural light and adds to the appeal of the site, stroll to Fairhaven's historic village center for coffee, dining, shopping, bookstores and local services, or enjoy nearby parks, waterfront access and the South Bay Trail. Whether you envision a multi-home investment, thoughtfully designed townhome community, or a combination of residences and ADUs, this is a compelling chance to build in a truly exceptional location.