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Ryan Bowen

rybowrealestate@gmail.com +1(253) 254-2825

Listed by:Muljat Group • Ian Steger

$ 1,550,000

Est. payment -/mo

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1955 Eaton AVE Ferndale, WA 98248

23 Beds

9 Baths

8,184 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,184 sqft

Price per Sqft $189

Subdivision Ferndale

MLS Listing ID 2571429

Style 55 - 5-9 Units

Bedrooms 23

Year Built 1969

Annual Tax Amount $11,958

Lot Size 0.400 Acres

Property Sub-Type Multi Family

Property Description

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Fireplace false

Exterior

Exterior Feature See Remarks

View Y/N No

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Community

New Construction No

Schools

School District Ferndale

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Nearby Locations

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+1(253) 254-2825

rybowrealestate@gmail.com