5887 Cedar St Ferndale, WA 98248
Ferndale AreaEstimated payment $2,368/month
About This Lot
Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2548858
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,338
Lot Details
- 16,553 Sq Ft Lot
- Lot Dimensions are 92'x181'x39'x77'x150'
- Level Lot
- Zoning described as Multi-Family
Utilities
- Sewer in Street
Community Details
- No Home Owners Association
- Golda Mccarthy Short Plat Condos
- Ferndale Subdivision
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 3902202452510000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,338 | $311,728 | $244,440 | $67,288 |
| 2024 | $2,203 | $311,393 | $244,440 | $66,953 |
| 2023 | $2,203 | $316,378 | $252,000 | $64,378 |
| 2022 | $2,221 | $300,138 | $134,827 | $165,311 |
| 2021 | $2,237 | $248,048 | $111,427 | $136,621 |
| 2020 | $2,165 | $229,680 | $103,176 | $126,504 |
| 2019 | $1,666 | $200,044 | $89,863 | $110,181 |
| 2018 | $1,942 | $182,894 | $82,159 | $100,735 |
| 2017 | $1,680 | $160,279 | $72,000 | $88,279 |
| 2016 | $1,577 | $149,917 | $61,734 | $88,183 |
| 2015 | $1,581 | $141,205 | $58,447 | $82,758 |
| 2014 | -- | $138,257 | $57,120 | $81,137 |
| 2013 | -- | $136,254 | $56,000 | $80,254 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/19/2026 07/19/26 | For Sale | $400,000 | +63.3% | -- | |
| 11/14/2018 11/14/18 | Sold | $245,000 | -2.0% | $180 / Sq Ft | View Prior Sale |
| 10/05/2018 10/05/18 | Pending | -- | -- | -- | |
| 10/05/2018 10/05/18 | For Sale | $250,000 | -- | $183 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $210,000 | Chicago Title Insurance | |
| Warranty Deed | $169,280 | Stewart Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Company |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2548858
APN: 390220-245251-0000
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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.
Based on information submitted to the MLS GRID
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