$395,000

2 Beds 1 Baths 902 SQFT 0.19 Acres

Type: Single Family

5709 3rd Avenue
Ferndale, WA 98248

MLS#: 2573323

Presented by: Windermere RE Whatcom, Inc. and NWMLS

Property Description

Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.

Interior Features

Bedrooms

Bedrooms Lower0

Bedrooms Upper0

Main Level Bedrooms2

Total Bedrooms2

Bathrooms

3/4 Baths0

Bathrooms1

Baths Full Garage0

Baths Full Lower0

Baths Full Main1

Baths Full Upper0

Baths Half Garage0

Baths Half Lower0

Baths Half Main0

Baths Half Upper0

Baths Three Quarter Garage0

Baths Three Quarter Lower0

Baths Three Quarter Main0

Baths Three Quarter Upper0

Half Baths0

Total Baths1

Other Interior Features

Air Conditioning Y/NNo

BasementNone

Fireplace Y/NNo

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

General

Attached Garage No

Building Area Units0 sqft

Carport Y/NNo

CityFerndale

CoolingNone

CountyWhatcom

DirectionsFrom the I-5, Exit 263 toward Portal Way. At the traffic circle, exit onto Portal Way. At the traffic circle, exit onto 2nd Ave/Portal Way. 2nd Ave curves into Washington St. Turn left onto 3rd Ave

Entry LocationMain

Full Baths1

Garage Y/NYes

HOANo

HOA Fee$0

HeatingForced Air

High School DistrictFerndale

Land Lease Y/NNo

LevelsOne

Listing TermsCash, Conventional, Rehab Loan, VA Loan

Living Area902 sqft

Lot Size Square Feet8,276 sqft

Lot Size UnitsSquare Feet

MLS Area870 - Ferndale/Custer

NWM_ShowMapLinkY

New ConstructionNo

PossessionClosing

Property ConditionFixer

Property Style10 - 1 Story

Property SubtypeSingle Family Residence

Property TypeResidential

Public RemarksFantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeHouse

Subdivision NameFerndale

Tax Annual Amount$2,808

Tax Year2026

TopographyLevel

ViewCity, Mountains, See Remarks, Territorial

Water CompanyCity of Ferndale

Year Built1924

Exterior

Building Area Total902 sqft

Covered Spaces2

Exterior AmenitiesWood

Irrigation Water Rights Y/NNo

Lot FeaturesCurbs, Paved, Sidewalk

Lot Size Acres0.19

Parking FeaturesDriveway, Detached Garage, Off Street

Site FeaturesCable TV, Fenced-Partially, Gas Available, Outbuildings

Total Parking2

Water SourceSee Remarks

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School N/A

Elementary School N/A

High School N/A

Similar Properties

$395,000

2 Beds 1 Baths 902 SQFT 0.19 Acres

Type: Single Family

5709 3rd Avenue
Ferndale, WA 98248

MLS#: 2573323

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Property

$395,000

5709 3rd AvenueFerndale, WA 98248

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$395,000

5709 3rd AvenueFerndale, WA 98248

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5709 3rd Avenue
Ferndale, WA 98248

5709 3rd Avenue
Ferndale, WA 98248