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Sehome Court Apartments and Townhomes 820 32nd St 57 Unit Apartment Building $20,227,205 CAD ($354,863 CAD/Unit) Bellingham, WA 98225
Executive Summary
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. Property Video link https://youtu.be/oNbsnBclxFc
Data Room Click Here to Access
- Title and Insurance
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $20,227,205 CAD | Apartment Style | Garden |
| Price Per Unit | $354,863 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.93 AC |
| No. Units | 57 | Building Size | 51,360 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1988 |
| Zoning | RM1.0 - Multi-Family one unit per 1,000 sq feet of land | ||
| Price | $20,227,205 CAD |
| Price Per Unit | $354,863 CAD |
| Sale Type | Investment |
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.93 AC |
| Building Size | 51,360 SF |
| No. Stories | 3 |
| Year Built | 1988 |
| Zoning | RM1.0 - Multi-Family one unit per 1,000 sq feet of land |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- High Speed Internet Access
- Refrigerator
- Carpet
- Smoke Free
- Vinyl Flooring
Site Amenities
- Picnic Area
- Security System
- Recycling
- Smoke Free
- Storage Space
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,529 CAD | 850 |
| 2+1.5 | 21 | $2,556 CAD | 850 |
| 2+2 | 32 | $2,613 CAD | 850 - 1,056 |
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Property Taxes
| Parcel Number | 370306-236351-0000 | Improvements Assessment | $7,880,036 CAD (2025) |
| Land Assessment | $2,425,746 CAD (2025) | Total Assessment | $10,305,782 CAD (2025) |
Property Taxes
Parcel Number
370306-236351-0000
Land Assessment
$2,425,746 CAD (2025)
Improvements Assessment
$7,880,036 CAD (2025)
Total Assessment
$10,305,782 CAD (2025)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Sehome Court Apartments and Townhomes | 820 32nd St
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