5698 2nd Avenue Ferndale, WA $ 649,744
5698 2nd Avenue
$ 649,744
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5698 2nd Avenue

Ferndale, WA, 98248
$ 649,744
Baths0.0 Sq 1,500

Monthly Estimate*

$ 4,001

Listed by Windermere Real Estate Whatcom
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Studio

Multi-Family Home for sale in Ferndale, WA

for $649,744. This 1,500 square foot home was built in 2004 on a lot size of 0.4.

Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!

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Multi-Family Active

Price

$ 649,744

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,461

Style

Duplex

Lot Size

0.4

Year Built

2004

Town/City

Ferndale

County/Region

Whatcom

MLS | Web ID

2475460

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Unit(s)
Cooling Ductless
Possession Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 2004
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name Ferndale Am
County Whatcom
Net Operating Income 26739
Insurance Expense 1000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ferndale
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5 take Exit 263 to Portal Way. Turn West on Portal way continue into slight left on 2nd Ave. Property at end of street on left. Address visible from street.
High School Ferndale High
City Ferndale
Senior Community Y/N N
High School District Ferndale
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 870 - Ferndale/Custer
Lot Size Units Square Feet
Lot Size Square Feet 17424
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Central Elem
Tax Annual Amount 3461
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Vista Mid
Public Remarks Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools parks and downtown this duplex sits on a lot zoned for up to SIX units providing cash flow n
Leasable Area 1500
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company City of Ferndale
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 4.1
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Exterior
Exterior Amenities Cement Planked Wood
Parking Features RV Parking
Lot Features Alley Dead End Street Paved
Water Source Public
Foundation Details Block
Building Area Total 1500
Lot Dimensions 13 x 174 x 156 x 89
Lot Size Acres 0.4
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Outbuildings RV Parking Shop
Parking Uncovered Total 12
Lot Number 12-13-14
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2475460
Street Number 1 5698
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* Excluded Features
List By
Jacson Bevens

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$4,289
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,001
Monthly Property Taxes
$288
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257661 Elementary School
257050 Middle School
Ferndale High High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$649,744 Listed Price

Map


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5698 2nd Avenue, Ferndale, WA, 98248 is a Multi-Family Home for sale at $649,744 with 1,500 sqft and a lot size of 0.4. 5698 2nd Avenue is a studio with 0.0 baths and was built in 2004. The property's zip code is 98248 which is in Ferndale, WA