Courtesy: Terrafin
253-466-3736
Dennis Folk
Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!
Courtesy: Exp Realty
360-739-4236
Laurie Kelly
Great Investment!! BRAND NEW SEPTIC!!! This property brings in strong rental income with an 11% cap rate. 8 units are currently rented with agreements, giving you steady cash flow right away. Two mobile home, Tiny house, 2 bed apartment,7 Rv spots AND Shop/Office currently being used by owner) Plus, the 10 acre parcel can be divided into two 5-acre parcels(Buyers to verify) adding even more value. A rare chance to own a property that makes money now and has big potential for the future!
Courtesy: Bellingham Real Estate Company
360-389-3894
Leo Cohen
2021 built low maintenance townhome style duplex in Ferndale! 3BR/2.5BTH/1416SQ Ft mirrored floor plan. 5 minutes to downtown Ferndale, shopping, restaurants and 2 minutes to I-5. Located halfway between Bellingham and the Canadian border and 15 minutes to BP! Unit 101 lease ends in June and Unit 102 lease ends in May. Could be owner occupied or increase rent. Showings subject to tenant rights 48hr notice. Listing agent to be present during showings.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Carissa Conour
April Update!! Newly remodeled Unit 1 now rented = full occupancy. Best Value 4-Plex in Ferndale. Now priced at $895,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & now RENTED unit already completed (Unit 1), the path to increased income is factual —not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, interior cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.
Courtesy: RE/MAX Whatcom County, Inc.
360-647-1313
Carissa Conour
Live in One, Rent the Other Two MXD Zoned Triplex! Mixed Use (MXD) zoned multifamily opportunity in Ferndale offering current rental income with future development potential. Located minutes from schools, parks (lots of green space, off lease dog friendly & peaceful paths along the winding picturesque Nooksack River at VanderYacht Park's urban oasis, super close w/9-hole disc golf course & sports courts) plus all the downtown amenities. This tri-plex is situated on a 16,117 sq ft non-conforming MXD lot and is NOT located in a flood zone. The property includes a 1964-built rambler duplex (1,560 sq ft total) with two occupied 2-bedroom, 1-bath units (780 sq ft each) with 2026 updates and repairs completed. A separate single-story 1-bedroom, 1-bath home (702 sq ft) is currently vacant, to be remodeled if desired opportunity for a buyer to complete improvements prior to occupancy or demo'd and RE-VISIONED. Well-suited for an owner-occupant approach: improve the detached home, then move into a finished residence while maintaining rental income from the duplex units. Two 2-bedroom units offer consistent income potential to offset ownership costs. MXD zoning may allow additional development potential, including possible 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
Courtesy: Windermere Real Estate Whatcom
360-734-7500
Jacson Bevens
Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!
Courtesy: Pacific Continental Realty LLC
360-671-4200
K.C. Coonc
New construction multifamily property completed in April of 2024. This shiny new 66-unit building has 38 studios, 12 loft studios, 4 live/work studios, 2 live/work two-bedroom, 6 two-bedroom, 4 two-bedroom lofts, and 70 parking spaces. The property is in Ferndale, just a few minutes from Bellingham, next to the WTA Bus Depot and Kid’s World Early Learning Center. Ferndale’s demand for new apartment units was off the charts for this property. Each unit has air conditioning, stack washer/dryers, laminate flooring, large windows, and efficient floor plans. The building design boasts spacious common areas that are enjoyed by the tenants. Professionally managed by PCR.
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Ferndale is located in Washington. Ferndale, Washington has a population of 14,777. Ferndale is more family-centric than the surrounding county with 43.62% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Ferndale, Washington is $77,746. The median household income for the surrounding county is $70,011 compared to the national median of $69,021. The median age of people living in Ferndale is 32.7 years.
The average high temperature in July is 72.3 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 37.3 inches per year, with 7.9 inches of snow per year.
