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Ardivusx Brivity

Sooper Dooper Guy | Robert Davis's Site

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1955 Eaton Ave , Ferndale, WA 98248
$1,550,000
Est. Payment: $8,623.61/mo
0.4 Acres
Status: active | Days on site: 39
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9838 - 102016
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Ardivusx Brivity
Sooper Dooper Guy

House Description

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

Highlights

Listed by Ian Steger , 360-220-5113 Muljat Group , 360-733-3030. Northwest Multiple Listing Service mls logo

Property Type

Commercial Sale

Lot/Acreage
0.4

Year Built

1969

County

Whatcom

Area

870 - Ferndale/Custer

Neighborhood

Ferndale

Listing ID

2572692

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Interior Features

Water:City of Ferndale

Exterior Features

Lot:Zoning: Multi-Family,Residential
Garage Capacity:0
Zoning:Multi-Family,Residential
Sewer:City of Ferndale
Principal Interest
$8,624
Taxes
$997

Home Price

$1,550,000

Loan Details

30 yrs
7.445%

Down Payment

20%
$310,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,623.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,623.61 $996.50 $0.00 $9,620.11
Yearly $103,483.29 $11,958.00 $0.00 $115,441.29
Total $3,104,498.80 $358,740.00 $0.00 $3,463,238.80
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Market insight data is pulled from the same city as the listing being viewed (Ferndale, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

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Data last updated: 2026-10-09T13:45:13.000Z

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