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 Non-Conforming, Mixed Use Commercial (MXD) zoned lot, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. Not in any Flood Zone! The site includes a 1964 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 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment and the exciting possibility of adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces in carport that has extra storage, wide driveway parking, plus the convenience of individual utility metering for all units. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility and room to grow—don’t come around often. Secure your foothold in Ferndale’s expanding market today!
Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
General Information
NWM2483272
Single Family Residence
1
DOM
5
0.37 acres
3
2262
1964
Whatcom
Buyer To Verify
Buyer To Verify
Ferndale High
Residential
Single Family Residence
Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
Krishna Realty data last checked: Feb 25, 2026 02:15 | Listing last modified Feb 24, 2026 21:45,
Source:
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 Non-Conforming, Mixed Use Commercial (MXD) zoned lot, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. Not in any Flood Zone! The site includes a 1964 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 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment and the exciting possibility of adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces in carport that has extra storage, wide driveway parking, plus the convenience of individual utility metering for all units. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility and room to grow—don’t come around often. Secure your foothold in Ferndale’s expanding market today!
