5887 Cedar Street #3, Ferndale, WA 98248

Ferndale
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: amy bowhay
Office: re/max whatcom county, inc.360-647-1313
MLS#:2548858
Source:NWMLS
5887 Cedar Street #3,Ferndale, WA 98248
$350,000
  • 0.38 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$350,000

About this home

Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to...

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Home facts

  • Subdivision & Development:Ferndale
  • Listing ID #:2548858
  • Updated:November 05, 2026 at 12:33 PM

Structure and exterior

  • Lot area:0.38 Acres
  • Lot Features:Paved

Utilities

  • Water:In Street
  • Sewer:In Street

Finances and disclosures

  • Price:$350,000
  • Tax amount:$2,338 (2025)
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