Welcome to Whatcom | John L. Scott Bellingham
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$3,000,000

Active

Listing provided by Will Douglas, Paragon Real Estate Advisors

199

DOM

Ask Austin

About this property.

The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).

Property details.

Property TypeResidential Income
Sub TypeMulti Family
Stories2
Year Built1911
Lot Acres0.17
Garage0 car
List Price$3,000,000
MLS StatusActive

Features.

Exterior

Wood

Heating

See RemarksWall Furnace

Cooling

None

Agent information.

List AgentWill Douglas
List OfficeParagon Real Estate Advisors
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Will Douglas, Paragon Real Estate Advisors

Courtesy of Paragon Real Estate Advisors

Source: NWMLS, MLS#: 2524705NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 05/16/2026, 00:00:54 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Provided by NWMLS as distributed by MLS Grid.

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