820 32nd St
Bellingham WA 98225
Sehome Court Apartments and Townhomes
820 32nd St Bellingham WA 98225
Listing #: 693345 | Status: Pending | Last Modified: 12/6/2025 |
For Sale
- Phone:(360) 319-6351
- Email:keving@windermere.com
- Office Name:Windermere - Whatcom Co.
- Office Phone:(360) 676-5900
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 14,995,000.0
- $/SF$ 292.2
- $/Unit$ 14,995,000.0
- Listing StatusPending
- Days on Market283
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income1,133,148
- Vacancy Factor %0.00%
- Operating Expenses401,010
- Net Operating Income732,138
- CAP Rate 4.88 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.88 %
- Building StatusExisting
- # of Buildings5
- # of Floors3
- # of Units57
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF51316
- Net Rentable Area51316
- Total Office SF
- Largest Contiguous SF
- Lot SF84071
- Acres1.93
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyWhatcom
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWhatcom County
- Tax ID #22408
- Additional Parcels
- ZoningRM
- # Covered Spaces0
- # Uncovered Spaces90
- Total Parking Spots90
- Parking Ratio
- Year Built1988
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Sehome Court Apartments & Townhomes
This well-maintained 57-unit apartment/townhouse complex (5 buildings) is in a high demand area, 1 mile from Western Washington University. Strong reliable rental history. Roofs replaced and exterior painted last 3 years; windows replaced with double pane. Units remodeled (countertops, cabinet faces, flooring fixtures, upgraded appliances). Full size washer/dryer in each unit. Rare opportunity: land is zoned for 27 additional units. 2 minutes from I/5, Historic Fairhaven, excellent shopping, and next to Joe’s Garden. All units have 2 bedrooms (53 – 850 sq ft units; 4 – 1,059 sq ft units; 4 – ADA features). Baths: 32 apts with 1 – ¾ bath; 21 townhouses with 1 – ½ bath; 4 apts with 1 large bath. Bellingham has high growth but limited new supply. Excellent income producing property.
