Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by:Muljat Group • Ian Steger

$1,550,000

Est. payment - /mo

0.4 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Ferndale

MLS Listing ID 2572692

Style 61 - Comm Bldg Ovr 10K

Year Built 1969

Annual Tax Amount $11,958

Lot Size 0.400 Acres

Property Sub-Type Commercial Industrial

Property Description

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Fireplace false

Building

Sewer Sewer Connected

Water Community

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Nearby School & Business

Discover Northwest Realty - Land

Broker License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

1955 Eaton AVE Ferndale, WA 98248

Discover Northwest Realty - Land

Key Details

Location

Interior

Building

Others

Nearby School & Business

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