Mixed Use (MXD) zoned multifamily opportunity in Ferndale offering current rental income with future development potential. Located minutes from schools, parks, and downtown amenities, this tri-plex offers immediate rental income with future development potential. The property is situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned 16,117 sqft lot and is not located in a flood zone. The site includes a 1964-built rambler duplex (1,560 sq ft total) with two fully rented 2-bedroom, 1-bath units (780 sq ft each) with recently completed improved updates and repairs. A separate single-story 1-bedroom, 1-bath home (702 sq ft) is also located on the property and is currently slated for rehabilitation or possible removal. MXD zoning may allow additional development potential, including the possibility of adding an ADU or additional units (buyer to verify with City of Ferndale). Tenants benefit from three covered parking spaces with additional storage. Tenants pay garbage, electricity, and natural gas. Owner currently pays water, sewer, and yard care. Strong existing tenants provide stable income from day one.
Listing Provided Courtesy of Carissa Conour, RE/MAX Whatcom County, Inc.
General Information
NWM2483272
Single Family Residence
19
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: Mar 17, 2026 13:10 | Listing last modified Mar 15, 2026 23:55,
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Residence Information
2262
5
3
0
3
Composition
10 - 1 Story
1964
None
None
Poured Concrete
Features and Utilities
Dryer, Refrigerator, Stove(s)/Range(s), Washer
Water Heater
Wood
Public
Sewer Connected
Financial
4115
Cash, Conventional, Rehab Loan
02-24-2026
3350
Comparable Information
19
19
Cash, Conventional, Rehab Loan
$590,000
$590,000
Mar 15, 2026 23:55
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Ferndale HighN/ARatings
Mixed Use (MXD) zoned multifamily opportunity in Ferndale offering current rental income with future development potential. Located minutes from schools, parks, and downtown amenities, this tri-plex offers immediate rental income with future development potential. The property is situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned 16,117 sqft lot and is not located in a flood zone. The site includes a 1964-built rambler duplex (1,560 sq ft total) with two fully rented 2-bedroom, 1-bath units (780 sq ft each) with recently completed improved updates and repairs. A separate single-story 1-bedroom, 1-bath home (702 sq ft) is also located on the property and is currently slated for rehabilitation or possible removal. MXD zoning may allow additional development potential, including the possibility of adding an ADU or additional units (buyer to verify with City of Ferndale). Tenants benefit from three covered parking spaces with additional storage. Tenants pay garbage, electricity, and natural gas. Owner currently pays water, sewer, and yard care. Strong existing tenants provide stable income from day one.
