Price drop

5887 Cedar Street, Ferndale, WA 98248

Ferndale, WA 98248 · Ferndale
— bd— ba— sqft0.38 ac lotBuilt Land
$350,000 — / sqft · Cumulative Days Active: 68 Estimate your monthly payment ↓
Land, Ferndale Listing by RE/MAX Whatcom County, Inc. 1 / 2
Price / sqft—
Lot0.38 acres
Year built—
TypeLand
HOANone
Cumulative Days Active68

About this home

Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.

NWMLS logoListing courtesy of the Northwest Multiple Listing Service (NWMLS).

Price drop
Listed Jul 19, 2026MLS# 2548858

Facts & features

0.38 acLot
Building
TypeLand
Lot & exterior
Lot size0.38 acres (16,553 sqft)
WaterfrontNo
ZoningMulti-Family
Utilities
SewerIn Street
WaterIn Street
HOA & taxes
HOA duesNone
Property tax (2025)$2,338 / yr
Interior features
Exterior & lot

Monthly payment

Full calculator →

Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term
Down payment$20%
Interest rate%
Est. total / month$2,07530-year fixed · 6.5%
P&I $1,770Taxes $195Insurance $110
Plus ~$10,500 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →
Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Jul 19, 2026Listed for sale $400,000

Tax history

YearAssessed valueProperty tax
Source: Whatcom County Assessor. Assessed value is not a market value.

Schools

School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.
⬤ Street view ↗
Downtown Bellingham15 min
WWU16 min
St. Joseph Hospital14 min
Peace Arch border21 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Median list price$625k171 active listings
Cumulative Days Active87median, active listings
List price per sqft$320this home: —
Homes for sale171in Ferndale

Area figures compiled by irenakolbert.com from current active NWMLS listings — not part of this listing's data.

Listing details

StatusActive
MLS #2548858
ListedJul 19, 2026
List price$350,000
Cumulative Days Active68
Property typeLand
Listing brokerageRE/MAX Whatcom County, Inc.
SourceNWMLS as distributed by MLS GRID
Listing courtesy of RE/MAX Whatcom County, Inc.. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:47 PM (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.
$350,000Tour this home