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Sehome Court Apartments and Townhomes
820 32nd St Bellingham WA 98225
Listing #: 693345 | Status: Pending | Last Modified: 12/6/2025
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 1,133,148 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 401,010 |
| Net Operating Income | 732,138 |
| CAP Rate | 4.88 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.883 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 5 |
| # of Floors | 3 |
| # of Units | 57 |
| Total Building SF | 51,316 SF |
| Net Rentable Area | 51,316 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 84,071 SF |
| Acres | 1.93 |
| Year Built | 1988 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | Whatcom |
| Market Area | Whatcom County |
| Tax ID # | 22408 |
| Zoning | RM |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 90 |
| Total Parking Spots | 90 |
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.
Sehome Court Apartments and Townhomes
820 32nd St Bellingham WA 98225
Listing #: 693345 | Status: Pending | Listing Date: 2/26/2025 | Last Modified: 12/6/2025 | Email Listing
For Sale
Sehome Court Apartments and Townhomes
