$590000
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5 Bed
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3 Bath
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2262 SqFt
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2 DOM
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Built: 1964
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259Prime Multifamily Value-Add & Development Opportunity in Ferndale! Located just minutes from schools, parks, and downtown, this rare tri-plex offers immediate cash flow with major future upside. Situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned lot, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. Not in any Flood Zone! The site includes a 1964 rambler duplex (1,560 sq ft total) featuring two fully rented 2-bedroom, 1-bath units (780 sq ft each), currently being updated/repaired. Additionally, there is a separate single story 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment and the exciting possibility of adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces in carport that has extra storage, wide driveway parking, plus the convenience of individual utility metering for all units. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility and room to grow—don’t come around often. Secure your foothold in Ferndale’s expanding market today!
Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
General Information
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NWM2483272
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Single Family Residence
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2 DOM
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5
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0.37 acres
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3
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2262
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1964
-
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Whatcom
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Buyer To Verify
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Buyer To Verify
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Ferndale High
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Residential
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Single Family Residence
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Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
Kasamestates data last checked: Mar 04, 2026 15:50 | Listing last modified Feb 26, 2026 13:01,
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