Estimated payment $5,827/month
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 maintenance while maintaining a clean & modern look. Located in a prime area with convenient access to schools, work, & parks, it offers an ideal living situation for tenants. This is a rare chance to secure a long-term investment in a high-demand location, ensuring consistent rental income for years to come. Don't miss out on this exceptional opportunity!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2357519
| 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 | $4,647 | $680,157 | $201,663 | $478,494 |
| 2023 | $4,647 | $667,990 | $207,900 | $460,090 |
| 2022 | $5,036 | $680,729 | $234,075 | $446,654 |
| 2021 | $5,073 | $562,585 | $193,450 | $369,135 |
| 2020 | $4,911 | $520,926 | $179,125 | $341,801 |
| 2019 | $3,778 | $453,711 | $156,013 | $297,698 |
| 2018 | $4,406 | $414,814 | $142,638 | $272,176 |
| 2017 | $3,574 | $363,521 | $125,000 | $238,521 |
| 2016 | $3,354 | $318,946 | $110,240 | $208,706 |
| 2015 | $3,362 | $300,236 | $104,370 | $195,866 |
| 2014 | -- | $294,029 | $102,000 | $192,029 |
| 2013 | -- | $289,940 | $100,000 | $189,940 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $985,000 | -0.5% | $302 / Sq Ft |
| 04/10/2025 04/10/25 | For Sale | $989,900 | +178.9% | $304 / Sq Ft |
| 02/21/2014 02/21/14 | Sold | $354,900 | -9.0% | -- |
| 01/19/2014 01/19/14 | Pending | -- | -- | -- |
| 01/19/2014 01/19/14 | For Sale | $389,900 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $355,180 | First American Title Ins Co | |
| Warranty Deed | $269,000 | Chicago Title Insurance | |
| Warranty Deed | $201,000 | Chicago Title Insurance Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $263,500 | Commercial | |
| Closed | $266,175 | Commercial | |
| Previous Owner | $232,600 | Commercial | |
| Previous Owner | $215,200 | Commercial | |
| Previous Owner | $160,800 | Commercial | |
| Closed | $40,000 | No Value Available |
$1,160,000
Excellent investment opportunity in a prime Ferndale location. This 8-unit multifamily property is situated on a private lot with a large off-street parking lot and shared coin-operated laundry for tenant convenience. Consistently strong rental demand in the area offers reliable cash flow. Convenient access to downtown Ferndale, shopping, transit, and I-5 makes this a desirable location for
Renae Ingraham Bellwether Real Estate
$1,100,000
This recent 2013 built 4-PLEX offers a unique design with 2 standalone buildings, one with two town house style units, and the other with a daylight rambler style units. Each unit has an open floorplan, 2 bedrooms, 2 1/2 baths, gas fireplaces, laundry, and either a deck or patio. Located at the very end of a quiet non through street and downtown Ferndale. The gross rent totals is $85,000 and has
Chet Kenoyer Windermere Real Estate Whatcom
$799,000
Development Opportunity; Location excellence -- .68 acre in downtown Ferndale. Whatcom County needs more rentals; City prefers as many units as possible. A minimum of 11-20 additional units.....have some cash flow while you're getting permits with existing large duplex: 3 bdrm/1 ba unit upstairs and 3 bdrm/1 ba unit downstairs; each unit has 1,800 sq ft. Property sits way back off road which
Bill Goldstone RJR Real Estate Inc.
$965,000
Welcome to 5786 Portal Way, a multi-family Tri-Plex situated in Ferndale boasting 2 bed/2 bath and over 3,300 total sqft. Each unit has all appliances including W/D. Interior is in fantastic condition. Ample parking and ZERO vacancy over a 6 year current ownership. Fantastic tenants who are individually metered and fire sprinkled. Tenants cover their own utilities. Rents are under market
Brent Mcmillan Windermere Real Estate Whatcom
$935,000
Excellent investment opportunity at 5863 Cedar Street in Ferndale, WA.This well-maintained tri-plex offers 2,440 square feet of living space on an 8,276 square foot lot. Built in 2007 with a durable metal roof added in 2019, the property is fully tenant-occupied, providing immediate rental income. Located in a desirable area, this is a low-maintenance, turnkey investment you won’t want to miss.
Tony Hoefakker COMPASS
$930,000
2021 build, low-maintenance townhome style duplex in Ferndale! Mirrored layout, with 3BR/2.5BTH/1416 SQ FT on each side. 5 minutes to downtown Ferndale, shopping, restaurants, and 2 minutes to I-5. Located halfway between Bellingham and the Canadian border and 15 minutes to BP! Unit 102 renewed for another year and Unit 101 lease is up in June - could be owner occupied or increase rent. Showings
Leo Cohen Bellingham Real Estate Company
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2357519
APN: 390219-172010-0000
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