April Update!! Newly remodeled Unit 1 now rented = full occupancy. Best Value 4-Plex in Ferndale. Now priced at $895,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & now RENTED unit already completed (Unit 1), the path to increased income is factual "”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, interior 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.
|
LAST UPDATED
|
3/31/2026
|
TRACT
|
Ferndale
|
|
YEAR BUILT
|
1991
|
COMMUNITY
|
Ferndale
|
|
COUNTY
|
Whatcom
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Ferndale High |
|
Prior to Mar 31, '26
|
$920,000
|
| Mar 31, '26 - Today |
$895,000 |
| AIR |
None |
| AREA |
870 - Ferndale/Custer |
| CONSTRUCTION |
Metal Siding, Vinyl Siding |
| HEAT |
Baseboard, Electric |
| LOT |
10454 sq ft |
| LOT DESCRIPTION |
Cul-de-sac, Dead End Street, Paved |
| MLS STATUS |
Active |
| STORIES |
2 |
| STYLE |
54 - 4-Plex |
| SUBDIVISION |
Ferndale |
| TAXES |
5713 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s), See Remarks, Territorial |
| WATER |
Public |
| ZONING |
Multi-Family |
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