5698 2nd Ave Ferndale, WA 98248
Estimated payment $3,635/month
Highlights
- RV Access or Parking
- Territorial View
- Wood Siding
- 0.4 Acre Lot
- No HOA
- 1-Story Property
About This Home
Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2475460
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,461
Year Built
- Built in 2004
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 13 x 174 x 156 x 89
- Street terminates at a dead end
Parking
- 2 Car Garage
- RV Access or Parking
Home Design
- Duplex
- Block Foundation
- Composition Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 1,500 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Territorial Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Outbuilding
Schools
- Central Elementary School
- Vista Mid Middle School
- Ferndale High School
Utilities
- Ductless Heating Or Cooling System
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- No Home Owners Association
- Ferndale Am Condos
- Ferndale Subdivision
Listing and Financial Details
- Legal Lot and Block 12-13-14 / 13
- Assessor Parcel Number 3902291475440000
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 | $3,461 | $540,302 | $176,928 | $363,374 |
| 2024 | $3,173 | $461,328 | $176,928 | $284,400 |
| 2023 | $3,173 | $455,862 | $182,400 | $273,462 |
| 2022 | $3,199 | $432,355 | $159,171 | $273,184 |
| 2021 | $3,222 | $357,318 | $131,546 | $225,772 |
| 2020 | $3,119 | $330,858 | $121,805 | $209,053 |
| 2019 | $2,399 | $288,168 | $106,089 | $182,079 |
| 2018 | $2,798 | $263,463 | $96,994 | $166,469 |
| 2017 | $2,627 | $230,885 | $85,000 | $145,885 |
| 2016 | $2,464 | $234,439 | $71,656 | $162,783 |
| 2015 | $2,471 | $220,609 | $67,841 | $152,768 |
| 2014 | -- | $216,076 | $66,300 | $149,776 |
| 2013 | -- | $213,146 | $65,000 | $148,146 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2026 02/05/26 | For Sale | $649,744 | -- | $433 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | First American Title Ins Co |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2475460
APN: 390229-147544-0000
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.