5698 2nd Avenue, Ferndale, WA 98248

Ferndale
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: jacson bevens
Office: windermere re whatcom, inc.
MLS#:2475460
Source:NWMLS
5698 2nd Avenue,Ferndale, WA 98248
$649,744
  • - Beds
  • - Baths
  • 1,500 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$649,744
  • Price per sq. ft.:$433.16

About this home

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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Home facts

  • Year built:2004
  • Listing ID #:2475460
  • Updated:June 10, 2026 at 11:01 AM

Rooms and interior

  • Flooring:Laminate
  • Living area:1,500 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:2004
  • Building area:1,500 sq. ft.
  • Lot area:0.4 Acres
  • Lot Features:Alley, Dead-end Street, Paved
  • Construction Materials:Cement Planked, Wood Exterior Finish

Schools

  • High school:Ferndale High
  • Middle school:Vista Mid
  • Elementary school:Central Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$649,744
  • Price per sq. ft.:$433.16
  • Tax amount:$3,461 (2025)

Features and amenities

  • Amenities:Cable TV, Shop

Parking

  • Total parking spaces:14
  • Parking description:RV Parking
  • Garage:Yes
  • Garage spaces:2
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