820 32nd Street
Bellingham, WA 98225
51316 sqft | 1.93 acres | #2333623
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).
Property Details
- Exterior FeaturesCable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Lot DescriptionCurbs, Paved, Sidewalk
- Exterior MaterialsCement Planked, Wood
- InteriorWall to Wall Carpet
- Date ListedFebruary 26, 2025
- ViewCity, Territorial
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style56 - 10+ Units
- Elementary SchoolHappy Vly Elem
- Middle SchoolFairhaven Mid
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- High SchoolSehome High
- Original List Price$19,000,888
- School DistrictBellingham
- Property ConditionVery Good
- Cost19000888
- CountyWhatcom
- Taxes Annual$52,463
- MLS #2333623
- MLS #2333623
- Utility SourcePublic
- SubdivisionSehome
- Square Feet51316
- Acres1.93
- Year Built1988
- Days on Market (Cumulative)32
- Stories3
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-19 20:28:10. 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.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Kevin Geraghty (#NWM12604)
Listing Office: Windermere Real Estate Whatcom (#NWM9110)
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