820 32nd Street

Bellingham, WA 98225

  • Bed

  • Bath

  • 51316 SqFt

  • 92 DOM

  • Built: 1988

  • Status: Active

$17,950,000

X

820 32nd Street

Bellingham 98225

$17950000

  • Bed

  • Bath

  • 51316 SqFt

  • 92 DOM

  • Built: 1988

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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).

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Residence Information

  • 51316

  • Composition

  • 56 - 10+ Units

  • 1988

  • Poured Concrete

  • See Remarks, Thermal

Features and Utilities

  • Cement Planked, Wood

  • Public

  • Sewer Connected

  • 0

Financial

  • 52463

  • Cash Out, Conventional

  • 02-26-2025

Comparable Information

  • 92

  • 92

  • Cash Out, Conventional

  • $19,000,888

  • $19,000,888

  • May 29, 2025 20:03

Schools

Elementary : Happy Vly Elem N/A Ratings
Middle : Fairhaven Mid N/A Ratings
High : Sehome High N/A Ratings

Map

Listing courtesy of Windermere Real Estate Whatcom.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jul 05, 2025 16:12 | Listing last modified May 29, 2025 20:03. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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