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

Ferndale, WA, 98248
$ 649,744
Bedrooms-- Baths--

Monthly Estimate*

$ 4,001

Listed by Windermere RE Whatcom, Inc.
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Commercial Property for sale in Ferndale, WA

for $649,744. This building 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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Commercial Active

Price

$ 649,744

Property Type

Commercial

Taxes

$ 4,446

Style

Comm Bldg Und 10K

Lot Size

0.4

Year Built

2004

Town/City

Ferndale

County/Region

Whatcom

MLS | Web ID

2507681

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Furnace
Cooling Ductless
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Year Built 2004
Topography Level
Property Subtype Commercial Industrial
Tax Year 2026
County Whatcom
Net Operating Income 25754
Insurance Expense 1000
Property Type Commercial Sale
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.
City Ferndale
Senior Community Y/N N
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 Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 4446
Electric Expense 0
Fuel Expense 0
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
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City of Ferndale
Total Actual Rent 2600
Water Sewer Garbage 0
Property Style 60 - Comm Bldg Und 10K
Cap Rate 4
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Exterior
Exterior Amenities Cement/Concrete Wood
Water Source Public
Total Parking 14
Foundation Details Block
Building Area Total 0
Lot Dimensions 13 x 174 x 156 x 89
Lot Size Acres 0.4
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Frontage 174
Parking Uncovered Total 12
Lot Number 12-13-14
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Interior
Flooring Laminate
Total Fireplaces 0
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 NWM2507681
Street Number 1 5698
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* Excluded Features
List By
Jacson Bevens

Listing Agent

Windermere Re Whatcom, Inc.

Broker

Affordability Calculator

$4,371
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,001
Monthly Property Taxes
$371
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
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$649,744 Listed Price

Map


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5698 2nd Avenue, Ferndale, WA, 98248 is a Commercial Property for sale at $649,744 with a lot size of 0.4. 5698 2nd Avenue was built in 2004. The property's zip code is 98248 which is in Ferndale, WA