Listed by Windermere Real Estate Whatcom
$1,100,000
PENDING

5751 Fallbrook Ln Ferndale, WA 98248

Estimated payment $6,548/month

Total Views 837
8 Beds
12 Baths
4,426 Sq Ft
$249 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • Carpet
  • Territorial View
  • High Speed Internet

About This Home

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 room to increase. This complex is professionally managed his property and is the perfect way to get your foot in the door to build your real estate investment portfolio in the growing Whatcom County market!

Listing Agent

Chet Kenoyer

Windermere Real Estate Whatcom License #7168 Listed on: 08/04/2025

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2416773

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,542

Year Built

  • Built in 2013

Lot Details

  • 9,583 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in good condition

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 4,426 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3902194640810000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,542

Year Built

Built in 2013

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2013
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 4426
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Ferndale
  • WaterCompany: City of Ferndale
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 110
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Parcel Number: 3902194640810000
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.9
  • LeasedItems: None
  • TotalMonthlyIncome: 7075

Multi Family

  • Gross Scheduled Income: 84900
  • Net Operating Income: 67651
  • Number Of Units Total: 4
  • Insurance Expense: 3250
  • Leasable Area: 4426
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2025
  • Tax Annual Amount: 7542.09

Map

Range of Values:

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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
2024 $6,835 $1,006,050 $224,070 $781,980
2023 $6,835 $982,904 $231,000 $751,904
2022 $7,891 $1,066,569 $234,075 $832,494
2021 $7,948 $881,460 $193,450 $688,010
2020 $7,695 $816,188 $179,125 $637,063
2019 $5,919 $710,876 $156,013 $554,863
2018 $6,903 $649,932 $142,638 $507,294
2017 $6,365 $569,566 $125,000 $444,566
2016 $5,965 $568,035 $114,098 $453,937
2015 $5,982 $534,034 $108,023 $426,011
2014 -- $523,235 $105,570 $417,665
2013 -- $516,621 $103,500 $413,121
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Pending -- -- --
08/04/2025 08/04/25 For Sale $1,100,000 -- $249 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Shropshire
Warranty Deed $103,780 Whatcom Land Title
Warranty Deed $179,280 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $134,250 Purchase Money Mortgage
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2416773

Northwest Multiple Listing Service (NWMLS)

APN: 390219-464081-0000