Listed by HomeSmart Real Estate Assoc
$959,000
$31K PRICE DROP

2344 Main St Ferndale, WA 98248

Estimated payment $5,397/month

Total Views 8,383
8 Beds
4 Baths
3,260 Sq Ft
$294 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • High Speed Internet
  • Territorial View
  • Baseboard Heating
  • Partially Fenced Property

About This Home

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!

Listing Agent

Suzanne Dougan

HomeSmart Real Estate Assoc License #42721 Listed on: 04/10/2025

HomeSmart Real Estate Assoc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2357519

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,642

Year Built

  • Built in 1991

Lot Details

  • 10,454 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3902191720100000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,642

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1991
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3260
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Parcel Number: 3902191720100000
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.75
  • LeasedItems: None
  • TotalMonthlyIncome: 5725

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4642

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $5,101 $682,549 $201,663 $480,886
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2025 10/22/25 Price Changed $959,000 -1.0% $294 / Sq Ft
08/22/2025 08/22/25 Price Changed $969,000 -1.6% $297 / Sq Ft
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% -- View Prior Sale
01/19/2014 01/19/14 Pending -- -- --
01/19/2014 01/19/14 For Sale $389,900 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $266,175 Commercial
Previous Owner $215,200 Commercial
Previous Owner $160,800 Commercial
Closed $40,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2357519

Northwest Multiple Listing Service (NWMLS)

APN: 390219-172010-0000