This 2005 built 4-PLEX offers 2 - 3 bed/1 bath, 2-story interior units, and 2 - 2 bed/1 bath single floor units on the outer sides. Located in Ferndale, close to shopping and easy access to I-5. Units are always occupied with long-term renters, with zero vacancy rates. Each unit offers yard space and it's own back patio and is separately metered. Concrete flooring offers low maintenance. Each unit has 2 parking spaces, with brand new gravel driveway offering guest parking. This property is the perfect way to get your foot in the door of a great rental market or build your real estate investment portfolio. Gross rent totals is $6,900/month with a 5.5 cap rate and room to grow! Tenants pay all utilities.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2318794
Home Type
Est. Annual Taxes
Year Built
Lot Details
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Interior Spaces
Flooring
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Parking
Outdoor Features
Schools
Utilities
Community Details
Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Sold | $1,250,000 | -0.7% | $301 / Sq Ft |
| 04/17/2025 04/17/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $1,259,000 | -1.3% | $303 / Sq Ft |
| 02/27/2025 02/27/25 | Price Changed | $1,275,000 | -1.2% | $307 / Sq Ft |
| 01/02/2025 01/02/25 | For Sale | $1,289,999 | -- | $310 / Sq Ft |
| 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 | $6,099 | $894,582 | $242,500 | $652,082 |
| 2023 | $6,099 | $877,002 | $250,000 | $627,002 |
| 2022 | $5,691 | $769,148 | $154,490 | $614,658 |
| 2021 | $5,732 | $635,658 | $127,677 | $507,981 |
| 2020 | $5,549 | $588,588 | $118,223 | $470,365 |
| 2019 | $4,269 | $512,642 | $102,968 | $409,674 |
| 2018 | $4,978 | $468,693 | $94,141 | $374,552 |
| 2017 | $4,172 | $410,738 | $82,500 | $328,238 |
| 2016 | $3,910 | $372,313 | $82,680 | $289,633 |
| 2015 | $3,922 | $350,092 | $78,278 | $271,814 |
| 2014 | -- | $342,989 | $76,500 | $266,489 |
| 2013 | -- | $338,590 | $75,000 | $263,590 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $875,000 | New Conventional | |
| Previous Owner | $672,000 | New Conventional | |
| Previous Owner | $573,750 | New Conventional | |
| Previous Owner | $521,250 | New Conventional | |
| Previous Owner | $262,309 | Commercial | |
| Previous Owner | $269,000 | Commercial | |
| Previous Owner | $254,838 | Credit Line Revolving | |
| Previous Owner | $260,000 | Purchase Money Mortgage |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $313 | None Listed On Document | |
| Warranty Deed | $765,000 | Whatcom Land Title | |
| Warranty Deed | $695,000 | Chicago Title Ins | |
| Quit Claim Deed | -- | Whatcom Land Title | |
| Quit Claim Deed | $130,280 | Accommodation | |
| Quit Claim Deed | -- | First American Title Insuran |
$989,900
Excellent Investment Opportunity – 4-Plex with 2 Bed, 1 Bath Units This well-maintained 4-plex offers an outstanding income stream & is always fully rented, making it a perfect addition to any investment portfolio. Each unit features 2 bedrooms & 1 bathroom, providing comfortable living spaces w/private decks for outdoor enjoyment. The property boasts easy-care vinyl siding, minimizing
Suzanne Dougan HomeSmart Real Estate Assoc
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2318794
APN: 390208-320012-0000
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Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.