Active · Land

5709 3rd Avenue , Ferndale, WA 98248

Ferndale, WA 98248

$395,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Windermere RE Whatcom, Inc. · MLS #2572744 · Active

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About this property

Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.

Property details

Property type: Land
Lot size: 8,276 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $2,808 (2026)
School district: Ferndale

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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