5709 3rd Avenue, Ferndale, WA 98248

Ferndale, WA 98248 · Ferndale
— bd— ba— sqft0.19 ac lotBuilt Land
$395,000 — / sqft · Cumulative Days Active: 28 Estimate your monthly payment ↓
Land, Ferndale Listing by Windermere RE Whatcom, Inc. 1 / 11
Price / sqft—
Lot0.19 acres
Year built—
TypeLand
HOANone
Cumulative Days Active28

About this home

Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.

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

Listed Aug 24, 2026MLS# 2572744

Facts & features

0.19 acLot
Building
TypeLand
Lot & exterior
Lot size0.19 acres (8,276 sqft)
ViewCity, Mountains, See Remarks, Territorial
WaterfrontNo
ZoningMulti-Family,Residential
Parking
ParkingGarage
Utilities
SewerIn Street, On Property
WaterAvailable, In Street, On Property, See Remarks
HOA & taxes
HOA duesNone
Property tax (2026)$2,808 / yr
Interior features
Exterior & lot

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$2,34130-year fixed · 6.5%
P&I $1,997Taxes $234Insurance $110
Plus ~$11,850 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 24, 2026Listed for sale $395,000

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 #2572744
ListedAug 24, 2026
List price$395,000
Cumulative Days Active28
Property typeLand
Listing brokerageWindermere RE Whatcom, Inc.
SourceNWMLS as distributed by MLS GRID
Listing courtesy of Windermere RE Whatcom, Inc.. 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.
$395,000Tour this home