5660 Eagle Pkwy Ferndale, WA 98248
Estimated payment $5,254/month
Highlights
- Deck
- No HOA
- Patio
- Territorial View
- Cul-De-Sac
- Baseboard Heating
About This Home
Best Value 4-Plex in Ferndale – Renovated Unit + Immediate Rent Growth Opportunity. Now priced at $895,000, this is one of the most compelling 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated, rent-ready unit already complete, the path to increased income is immediate—not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2477921
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,713
Year Built
- Built in 1991
Lot Details
- 10,454 Sq Ft Lot
- Cul-De-Sac
- Street terminates at a dead end
- Property is in good condition
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Metal Construction or Metal Frame
- Vinyl Construction Material
Interior Spaces
- 3,208 Sq Ft Home
- 2-Story Property
- Territorial Views
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Deck
- Patio
Schools
- Ferndale High School
Utilities
- Baseboard Heating
- High Speed Internet
Community Details
- No Home Owners Association
- Eagle Park Terrace Condos
- Ferndale Subdivision
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 3902303175230000
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 |
|---|---|---|---|---|
| 2025 | $5,713 | $764,647 | $224,070 | $540,577 |
| 2024 | $5,204 | $761,958 | $224,070 | $537,888 |
| 2023 | $5,204 | $748,200 | $231,000 | $517,200 |
| 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 | $3,626 | $363,521 | $125,000 | $238,521 |
| 2016 | $3,404 | $323,641 | $121,264 | $202,377 |
| 2015 | $3,412 | $304,733 | $114,807 | $189,926 |
| 2014 | -- | $298,406 | $112,200 | $186,206 |
| 2013 | -- | $294,180 | $110,000 | $184,180 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | Price Changed | $895,000 | -2.7% | $279 / Sq Ft |
| 02/24/2026 02/24/26 | For Sale | $920,000 | -- | $287 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $195,500 | Charter Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $156,400 | Commercial |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2477921
APN: 390230-317523-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
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Ask me questions while you tour the home.