1955 Eaton Avenue, Ferndale, WA 98248

Ferndale, WA 98248 · Ferndale
23 bd9 ba8,184 sqft0.4 ac lotBuilt 1969Multi-family
$1,550,000 $189 / sqft · Cumulative Days Active: 53 Estimate your monthly payment ↓
Multi-family, Ferndale Listing by Muljat Group 1 / 28
Price / sqft$189
Lot0.4 acres
Year built1969
TypeMulti-family
HOANone
Cumulative Days Active53

About this home

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.

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

Listed Aug 21, 2026MLS# 2571429

Facts & features

23Beds
9Baths
8,184 sqftLiving area
$189Price / sqft
1969Year built
0.4 acLot
Interior
Bedrooms23
Bathrooms9
Living area8,184 sqft
Building
TypeMulti-family
Year built1969
RoofComposition
FoundationPoured Concrete
Lot & exterior
Lot size0.4 acres (17,424 sqft)
WaterfrontNo
Utilities
HeatingElectric, Natural Gas
SewerSewer Connected
WaterCommunity
HOA & taxes
HOA duesNone
Property tax (2026)$11,958 / yr
Interior features
Exterior & lot
See Remarks

Monthly payment

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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$8,94430-year fixed · 6.5%
P&I $7,838Taxes $997Insurance $110
Plus ~$46,500 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 Aug 21, 2026Listed for sale $1,550,000

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: $189
Homes for sale171in Ferndale

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

This home's list price per square foot is about 41% below the median of current Ferndale listings. Irena can pull recent closed sales on this street before you write an offer.

Listing details

StatusActive
MLS #2571429
ListedAug 21, 2026
List price$1,550,000
Cumulative Days Active53
Property typeMulti-family
Listing brokerageMuljat Group
SourceNWMLS as distributed by MLS GRID
Listing courtesy of Muljat Group. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:52 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.
$1,550,000Tour this home