820 32nd Street Bellingham, WA 98225
Listing Courtesy of: Northwest MLS / Windermere Real Estate/Whatcom, Inc. / Kevin Geraghty

  820 32nd Street Bellingham, WA 98225

Active (34 Days)
$19,000,888
51,316
SQFT

Description

This meticulously maintained 5 building, 57-unit apartment/townhouse complex has an outstanding 21+ year rental history. Unique expansion opportunity! Land is zoned for 27 additional units. New roofs, siding, and exterior paint in last 3 years; new double pane windows. All units beautifully remodeled (countertops, cabinet faces, flooring, fixtures) with upgraded appliances (full size washer/dryer in each unit). Conveniently located in a high demand area 1 mile from WWU; Minutes to Fairhaven ,Joe’s Garden & I-5. All units have 2 bedrooms (53-850 sq ft units; 4-1059 sq ft units; 4-ADA features; with 1-3/4 BA(32 apartments), 1-1/2 BA(21 townhouses),1 large BA(4 apartments). Excellent income producing property, CAP rate 4.2% (pro forma).

MLS #:
2333623
Taxes
$52,463(2024)
Lot Size
1.93 acres
Type
Multifamily
Building Name
Sehome Court
Year Built
1988
Style
10+ Units
Views
Territorial, City
School District
Bellingham
County
Whatcom County
Community
Sehome

Listed By

Kevin Geraghty, Windermere Real Estate/Whatcom, Inc.
Source
Northwest MLS as distributed by MLS Grid
Last checked Apr 1 2025 at 8:41 PM UTC
Bathroom Details
Interior Features
  • Wall to Wall Carpet
Subdivision
  • Sehome
Lot Information
  • Sidewalk
  • Paved
  • Curbs
Property Features
  • Patio
  • High Speed Internet
  • Fenced-Partially
  • Deck
  • Cable Tv
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Carpet
  • Vinyl
Exterior Features
  • Wood
  • Cement Planked
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Generation:, Green Efficiency: Thermal Windows, Green Verification:
School Information
  • Elementary School: Happy Vly Elem
  • Middle School: Fairhaven Mid
  • High School: Sehome High
Additional Listing Info
  • Buyer Brokerage Compensation: 1.25
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

$97,322 /mo.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
($3,800,177.6)
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 4/1/25 13:41. 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.
Get started with us today

Windermere Colorado

Direct: (970) 460-3033

Office: (970) 460-3033

colorado@windermere.com