820 32nd St Bellingham, WA 98225
Happy Valley NeighborhoodEstimated payment $104,654/month
Highlights
- City View
- 1.93 Acre Lot
- No HOA
- Fairhaven Middle School Rated A-
- Deck
- Thermal Windows
About This Home
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 4.9% (pro forma).
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2333623
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $52,463
Year Built
- Built in 1988
Lot Details
- 1.93 Acre Lot
- Lot Dimensions are 490x200
- Partially Fenced Property
- Property is in very good condition
Property Views
- City
- Territorial
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 51,316 Sq Ft Home
- 3-Story Property
- Thermal Windows
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 114 Bedrooms
- 142 Bathrooms
Parking
- 90 Parking Spaces
- Open Parking
Outdoor Features
- Deck
- Patio
Schools
- Happy Vly Elementary School
- Fairhaven Mid Middle School
- Sehome High School
Utilities
- Baseboard Heating
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Sehome Court Condos
- Sehome Subdivision
Listing and Financial Details
- Assessor Parcel Number 370306236351
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Price Changed | $17,950,000 | -5.5% | $350 / Sq Ft |
| 02/26/2025 02/26/25 | For Sale | $19,000,888 | -- | $370 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2333623
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