5870 Portal Way #2, Ferndale, WA 98248

Ferndale
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: tim cornwell
Office: exp realty
MLS#:2490543
Source:NWMLS
5870 Portal Way #2,Ferndale, WA 98248
$350,000
  • 0.39 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$350,000

About this home

Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development,...

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Home facts

  • Subdivision & Development:Ferndale
  • Listing ID #:2490543
  • Updated:September 28, 2026 at 12:22 PM

Structure and exterior

  • Lot area:0.39 Acres
  • Lot Features:Paved, Sidewalk

Utilities

  • Water:On Property
  • Sewer:On Property

Finances and disclosures

  • Price:$350,000
  • Tax amount:$2,022 (2025)
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