820 32nd Street Bellingham, WA $ 14,995,000
820 32nd Street
$ 14,995,000
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820 32nd Street

Bellingham, WA, 98225
$ 14,995,000
Baths0.0 Sq 51,316

Monthly Estimate*

$ 93,549

Listed by Windermere Real Estate Whatcom
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View a Virtual Tour
Studio

Multi-Family Home for sale in Bellingham, WA

for $14,995,000. This 51,316 square foot home was built in 1988 on a lot size of 1.93.

This well-maintained 57-unit apartment/townhouse complex (5 bldg) is in a high demand area, 1 mile from WWU. Strong reliable rental history. Roofs replaced and exterior painted last 3 years; windows new with dbl 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.

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Multi-Family Pending

Price

$ 14,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 52,463

Style

10+ Units

Lot Size

1.93

Year Built

1988

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2333623

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1988
View City Territorial
Property Subtype Multi Family
Tax Year 2024
Building Name Sehome Court
County Whatcom
Net Operating Income 562129
Insurance Expense 22184
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Sehome
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Inspection
Directions I-5 to Samish Way exit follow west of the freeway 36th St to Fielding follow to 820 32nd just north of Joe's Garden's.
High School Sehome High
City Bellingham
Senior Community Y/N N
High School District Bellingham
Zoning Description Multi-Family
Open Parking Spaces 90
Number Of Units Total 57
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 84071
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Happy Vly Elem
Tax Annual Amount 52463
Electric Expense 1716
Fuel Expense 0
Middle/Junior High School Fairhaven Mid
Property Condition Very Good
Public Remarks This well-maintained 57-unit apartment/townhouse complex (5 bldg) is in a high demand area 1 mile from WWU. Strong reliable rental history. Roofs replaced and exterior painted last 3 years; windows n
Leasable Area 50956
Virtual Tour https://www.windermere.com/listing/206705974
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities See Remarks Thermal Windows
Water Company City of Bellingham
Units Below Grade false
Units In Building Total 57
Water Sewer Garbage 40363
Property Style 56 - 10+ Units
Cap Rate 3
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Exterior
Exterior Amenities Cement Planked Wood
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 90
Foundation Details Poured Concrete
Building Area Total 51316
Lot Dimensions 490x200
Lot Size Acres 1.93
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially High Speed Internet Patio
Parking Uncovered Spaces 90
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2333623
Street Number 1 820
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* Excluded Features
List By
Kevin Geraghty

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$97,921
Per Month
96%
4%
0%
Monthly Principal & Interest
$93,549
Monthly Property Taxes
$4,372
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258007 Elementary School
256837 Middle School
Sehome High High School
Pricing History
DatePricePrice ChangeDescription
10/22/2025$14,995,000 -3.23% Price Down
9/15/2025$15,495,000 -2.85% Price Down
8/11/2025$15,950,000 -5.90% Price Down
7/21/2025$16,950,000 -5.57% Price Down
5/29/2025$17,950,000 -5.53% Price Down
2/27/2025$19,000,888 Listed Price

Map


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820 32nd Street, Bellingham, WA, 98225 is a Multi-Family Home for sale at $14,995,000 with 51,316 sqft and a lot size of 1.93. 820 32nd Street is a studio with 0.0 baths and was built in 1988. The property's zip code is 98225 which is in Bellingham, WA