1954 Eaton Avenue #1-3, Ferndale, WA 98248

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: carissa conour
Office: re/max whatcom county, inc.
MLS#:2455414
Source:NWMLS
1954 Eaton Avenue #1-3,Ferndale, WA 98248
$590,000
  • - Beds
  • - Baths
  • 2,262 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$590,000
  • Price per sq. ft.:$260.83

About this home

Prime Multifamily Value-Add & Development Opportunity in Ferndale! Located just minutes from schools, parks, and downtown, this rare tri-plex offers immediate cash flow with major future upside. Situated on a Mixed Use Commercial (MXD) zoned lot, NOT in a Flood Zone, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. The site includes a 1964 yr rambler duplex (1,560 sq ft total) featuring two fully rented 2-bedroom, 1-bath units (780 sq ft each), currently being updated/repaired. Additionally, there is a separate single story 1 bedroom, 1 bathroom, 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment. Exciting possibilities: adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces with extra storage, pay for garbage, electricity & natural gas. Owner pays Water/Sewer & yard care currently. Strong existing tenants make this a smooth,

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Home facts

  • Year built:1964
  • Listing ID #:2455414
  • Updated:February 25, 2026 at 07:02 PM

Rooms and interior

  • Living area:2,262 sq. ft.

Heating and cooling

  • Heating:Forced Air, Wall Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:1964
  • Building area:2,262 sq. ft.
  • Lot area:0.37 Acres

Schools

  • High school:Ferndale High
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$590,000
  • Price per sq. ft.:$260.83
  • Tax amount:$3,741 (2025)
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