Active · Land
6048 Portal Way , Ferndale, WA 98248
Ferndale, WA 98248
$1,395,000
— bedrooms · — bathrooms · 0 sq ft
Listing provided by Muljat Group · MLS #2578502 · Active
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About this property
4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
Property details
- Property type
- Land
- Lot size
- 197,762 sq ft
- Association dues
- $0 · frequency not provided
- Annual property tax
- $2,575 (2026)
- School district
- Ferndale
Listings courtesy of Northwest MLS as distributed by MLS GRID.
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