2002 2008 Cherry Street Ferndale, WA $ 3,500,000
2002 2008 Cherry Street
$ 3,500,000
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2002 2008 Cherry Street

Ferndale, WA, 98248
$ 3,500,000
Bedrooms32 Baths24.0 Sq 13,972

Monthly Estimate*

$ 22,099

Listed by RE/MAX Whatcom County, Inc.
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 1
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 2
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 3
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 4
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 5
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 6
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 7
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 8
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 9
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 10
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 11
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 12
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 13
2002 2008 Cherry Street, Ferndale, WA 98248 - Image 14

Multi-Family Home for sale in Ferndale, WA

for $3,500,000 with 32 bedrooms and 24 full baths. This 13,972 square foot home was built in 2018 on a lot size of 0.27.

ONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alongside the Boardwalk and river, next to the park and close to restaurants, schools, shopping, and other amenities. Each spacious unit is approximately 1,800 sq. ft. with 4 bedrooms and 3 bathrooms, plus large balconies/decks offering beautiful river and mountain views. Additional features include easy-care laminate flooring, walk-in closets and covered parking beneath the units. A STANDOUT FEATURE IS THE ATTACHED MOTHER IN LAW SUITE IN EVERY UNIT, CONNECTED BY DOUBLE DOORS. This unique and versatile space offers exceptional flexibility for multigenerational living, guests, a home office or potential additional income. With spacious floor plans, covered parking and an incredible riverfront setting, this property offers far more than a traditional multifamily investment. Two 4-plexes, eight spacious units and a truly one-of-a-kind boardwalk/riverfront location make this a rare Ferndale opportunity!

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Multi-Family Active

Price

$ 3,500,000

Bedrooms

32

Full Bath

24

Property Type

Multi-Family

Taxes

$ 24,915

Style

5-9 Units

Lot Size

0.27

Year Built

2018

Town/City

Ferndale

County/Region

Whatcom

MLS | Web ID

2572813

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 2018
View River
Property Subtype Multi Family
Tax Year 2025
County Whatcom
Net Operating Income 231375
Insurance Expense 12119
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ferndale
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions I-5 to Exit 262(Main St.) West on Main St. toward downtown Ferndale. Left on 1st Ave left on Cherry St. Property is on left.
High School Ferndale High
City Ferndale
Senior Community Y/N N
High School District Ferndale
Zoning Description Multi-Family Residential
Number Of Units Total 8
MLS Area 870 - Ferndale/Custer
Lot Size Units Square Feet
Lot Size Square Feet 11761
Carport Spaces 20
Carport Y/N N
Listing Terms Cash Conventional FHA
Tax Annual Amount 24915
Electric Expense 12767
Fuel Expense 0
Property Condition Very Good
Public Remarks ONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alo
Leasable Area 13972
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City of Ferndale
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 17768
Property Style 55 - 5-9 Units
Cap Rate 6.61
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Exterior
Exterior Amenities Cement/Concrete Wood Products
Lot Features Alley Paved Secluded
Water Source Public
Total Parking 22
Foundation Details Poured Concrete
Building Area Total 13972
Lot Size Acres 0.27
Waterfront Y/N N
Covered Spaces 20
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Electric Car Charging High Speed Internet Patio
Parking Uncovered Total 2
Lot Number Lot B & C
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
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 NWM2572813
Street Number 1 2002
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* Excluded Features
List By
Lilia Orlova

Listing Agent

Re/Max Whatcom County, Inc.

Broker

Affordability Calculator

$24,176
Per Month
91%
9%
0%
Monthly Principal & Interest
$22,099
Monthly Property Taxes
$2,076
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
257491 Elementary School
256663 Middle School
Ferndale High High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$3,500,000 Listed Price

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2002 2008 Cherry Street, Ferndale, WA, 98248 is a Multi-Family Home for sale at $3,500,000 with 13,972 sqft and a lot size of 0.27. 2002 2008 Cherry Street has 32 bedrooms, 24.0 baths, and was built in 2018. The property's zip code is 98248 which is in Ferndale, WA