$875,000

8 Beds 4 Baths 3,208 SQFT 0.20 Acres

Type: Multi-Family

2340 Main Street
Ferndale, WA 98248

MLS#: 2535257

Presented by: Terrafin and NWMLS

Property Description

Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl, Carpet

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

Building Area Units0 sqft

Cap Rate4.9

Carport Spaces0

Carport Y/NNo

CityFerndale

CoolingNone

CountyWhatcom

DirectionsI 5 to Ferndale main exit. go west on Main. No sign.

Electric Expense0

Elementary SchoolBuyer To Verify

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingBaseboard

High SchoolFerndale High

High School DistrictFerndale

Insurance Expense3347

Leasable Area3,208 sqft

Listing TermsCash, Conventional, FHA, VA Loan

Living Area0 sqft

Lot Size Square Feet8,712 sqft

Lot Size UnitsSquare Feet

MLS Area870 - Ferndale/Custer

Middle/Junior High SchoolHorizon Mid

NWM_ShowMapLinkY

Net Operating Income43057

New ConstructionNo

Number Of Units Total4

PossessionSubject To Tenant Rights

Possible UseMulti-Family

Property Style54 - 4-Plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksExceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant se

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeQuadruplex

Subdivision NameFerndale

Tax Annual Amount$5,101

Tax Year2025

Units Below Gradefalse

ViewTerritorial

Water Sewer Garbage8636

Year Built1991

Zoning DescriptionMulti-Family

Exterior

Building Area Total3,208 sqft

Covered Spaces0

Exterior AmenitiesMetal/Vinyl

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesPaved, Sidewalk

Lot Size Acres0.2

Parking Uncovered Total8

Site FeaturesCable TV, Deck, Fenced-Partially, Gas Available, Hot Tub/Spa

SpaYes

Total Parking8

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Horizon Mid

High School Ferndale High

Elementary School Buyer To Verify Elementary School

Similar Properties

$875,000

8 Beds 4 Baths 3,208 SQFT 0.20 Acres

Type: Multi-Family

2340 Main Street
Ferndale, WA 98248

MLS#: 2535257

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Property

$875,000

2340 Main StreetFerndale, WA 98248

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$875,000

2340 Main StreetFerndale, WA 98248

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2340 Main Street
Ferndale, WA 98248

2340 Main Street
Ferndale, WA 98248