1955 Eaton Avenue, Ferndale, WA 98248

Ferndale
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: ian steger
Office: muljat group
MLS#:2571429
Source:NWMLS
1955 Eaton Avenue,Ferndale, WA 98248
$1,550,000
  • - Beds
  • - Baths
  • 8,184 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$189.39

About this home

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate,...

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Home facts

  • Year built:1969
  • Subdivision & Development:Ferndale
  • Listing ID #:2571429
  • Updated:August 26, 2026 at 12:43 AM

Rooms and interior

  • Living area:8,184 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1969
  • Building area:8,184 sq. ft.
  • Lot area:0.4 Acres
  • Lot Features:Paved

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$189.39
  • Tax amount:$11,958 (2026)

Parking

  • Total parking spaces:14
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 26, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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