1848 Eastgate Loop Ferndale, WA 98248
Estimated payment $9,711/month
Highlights
- Territorial View
- Cul-De-Sac
- Property is in very good condition
- Corner Lot
- Vinyl Plank Flooring
- Wood Siding
About This Home
Modern 4-plex built in 2020 with strong rental history, low vacancy, and high-end finishes throughout. Each unit features quartz countertops, soft-close cabinets, stainless steel appliances, and LVP flooring. Second level offers an open layout with kitchen, private deck, living room, and half bath. All bedrooms and laundry are on the top floor; primary suite includes ensuite bath and walk-in closet. Ground floor includes a full-size 2-car garage that has has extra room for storage, including exterior access door. Turnkey investment in a prime location with 6.43%CAP / 13.67 GRM. A rare opportunity with reliable cash flow and minimal maintenance.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2360799
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,466
Year Built
- Built in 2020
Lot Details
- 10,019 Sq Ft Lot
- Cul-De-Sac
- Street terminates at a dead end
- Corner Lot
- Property is in very good condition
HOA Fees
- $40 Monthly HOA Fees
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 5,616 Sq Ft Home
- 3-Story Property
- Territorial Views
Flooring
- Carpet
- Laminate
- Vinyl Plank
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Parking
- 8 Parking Spaces
- 8 Covered Spaces
Schools
- Cascadia Elementary School
- Vista Mid Middle School
- Ferndale High School
Community Details
- East Gate Condos
- Ferndale Subdivision
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 3902173150890000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,467 | $1,396,964 | $264,810 | $1,132,154 |
| 2023 | $9,467 | $1,361,610 | $273,000 | $1,088,610 |
| 2022 | $8,411 | $1,136,825 | $224,712 | $912,113 |
| 2021 | $1,527 | $939,523 | $185,712 | $753,811 |
| 2020 | $758 | $156,852 | $156,852 | $0 |
| 2019 | -- | $70,000 | $70,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Price Changed | $1,575,000 | -3.1% | $280 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $1,625,000 | -- | $289 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $205,000 | Chicago Title Bellingham |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $975,000 | Future Advance Clause Open End Mortgage | |
| Closed | $885,000 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2360799
APN: 390217-315089-0000
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