6048 Portal Way, Ferndale, WA 98248

Ferndale, WA 98248 · Ferndale
— bd— ba— sqft4.54 ac lotBuilt Land
$1,395,000 — / sqft · Cumulative Days Active: 28 Estimate your monthly payment ↓
Land, Ferndale Listing by Muljat Group 1 / 14
Price / sqft—
Lot4.54 acres
Year built—
TypeLand
HOANone
Cumulative Days Active28

About this home

4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!

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

Listed Sep 4, 2026MLS# 2578502

Facts & features

4.54 acLot
Building
TypeLand
Lot & exterior
Lot size4.54 acres (197,762 sqft)
WaterfrontNo
ZoningMulti-Family
Utilities
SewerAvailable
WaterAvailable
HOA & taxes
HOA duesNone
Property tax (2026)$2,575 / 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$7,37830-year fixed · 6.5%
P&I $7,054Taxes $215Insurance $110
Plus ~$41,850 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 Sep 4, 2026Listed for sale $1,395,000

Tax history

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

Schools

Ferndale School District
ElementaryCascadia Elem
MiddleVista Mid
HighFerndale High
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 Bellingham16 min
WWU17 min
St. Joseph Hospital15 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 #2578502
ListedSep 4, 2026
List price$1,395,000
Cumulative Days Active28
Property typeLand
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, 12:54 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.
$1,395,000Tour this home