820 32nd Street, Bellingham, WA 98225 (MLS # 2333623)

Listing provided courtesy of Northwest MLS; Windermere Real Estate Whatcom

PRICE	$19,000,888
BEDS	0
BATHS	0
HOME SIZE	51,316 sqft
LOT SIZE	1.93 ac

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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).

LAST UPDATED	2/27/2025	TRACT	Sehome
YEAR BUILT	1988	COMMUNITY	Sehome
COUNTY	Whatcom	STATUS	Active
PROPERTY TYPE(S)	Multi Family

SCHOOLS

Elementary School	Happy Vly Elem
Jr. High School	Fairhaven Mid
High School	Sehome High

ADDITIONAL DETAILS
AIR	None
AREA	860 - Bellingham
CONSTRUCTION	Cement Siding, Wood Siding
HEAT	Baseboard, Electric
INTERIOR	Wall to Wall Carpet
LOT	1.93 acre(s)
LOT DESCRIPTION	Curbs, Paved, Sidewalk
LOT DIMENSIONS	490x200
MLS STATUS	Active
STORIES	3
STYLE	56 - 10+ Units
SUBDIVISION	Sehome
TAXES	52463
UTILITIES	Cable Available, Sewer Connected
VIEW	Yes
VIEW DESCRIPTION	City, Territorial
WATER	Public
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/11/25 11:07 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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