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.
Last Agent to Sell the Property
Windermere Real Estate Whatcom License #136307 Listed on: 01/02/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2318794
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Parking
Outdoor Features
Schools
Utilities
Community Details
Listing and Financial Details
$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
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,250,000 | Chicago Title | |
| 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 |
| 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 | 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 |
Seller's Agent in 2025
Jasmin Worden-LeVain
Windermere Real Estate Whatcom
(360) 305-8453
30 Total Sales
Buyer's Agent in 2025
Shelly Chambers
eXp Realty
(360) 981-8901
34 Total Sales
Buyer Co-Listing Agent in 2025
Brent Chambers
eXp Realty
(360) 220-0381
31 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2318794
APN: 390208-320012-0000
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