$590000
-
Bed
-
Bath
-
2262 SqFt
-
1 DOM
-
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 Mixed Use Commercial (MXD) zoned lot, NOT in a Flood Zone, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. The site includes a 1964 yr 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 1 bedroom, 1 bathroom, 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment. Exciting possibilities: adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces with extra storage, pay for garbage, electricity & natural gas. Owner pays Water/Sewer & yard care currently. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility in a non-flood zone, with 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
-
NWM2455414
-
Multi Family
-
1 DOM
-
-
0.37 acres
-
-
2262
-
1964
-
Multi-F
-
Whatcom
-
-
Buyer To Verify
-
Buyer To Verify
-
Ferndale High
-
Residential Incom
-
Multi Family
-
Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
Kasamestates data last checked: Mar 05, 2026 16:16 | Listing last modified Feb 25, 2026 18:04,
Source:
Download our Mobile app
