MLS #2455414 / Listing provided by NWMLS & RE/MAX Whatcom County, Inc..
$590,000
1954 Eaton Avenue
Ferndale,
WA
98248
Sq Ft
Per Sq Ft
Year Built
Prime Multifamily Value-Add & Development Opportunity in Ferndale! Located just minutes from schools, parks, and downtown, this rare tri-plex offers immediate cash flow with major future upside. Situated on a Mixed Use Commercial (MXD) zoned lot, NOT in a Flood Zone, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. The site includes a 1964 yr rambler duplex (1,560 sq ft total) featuring two fully rented 2-bedroom, 1-bath units (780 sq ft each), currently being updated/repaired. Additionally, there is a separate single story 1 bedroom, 1 bathroom, 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment. Exciting possibilities: adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces with extra storage, pay for garbage, electricity & natural gas. Owner pays Water/Sewer & yard care currently. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility in a non-flood zone, with room to grow—don’t come around often. Secure your foothold in Ferndale’s expanding market today!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Features: RV Parking
- Total Uncovered Parking Spaces: 6
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Poured Concrete
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.37
- Foundation: Poured Concrete
Schools
- High School District: Ferndale
- High School: Ferndale High
- Middle School: Buyer To Verify
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.37
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Natural Gas
- Power Company: Puget Sound Energy
Water, Sewer, and Garbage
- Sewer Company: City of Ferndale
- Sewer: Sewer Connected
- Water Company: City of Ferndale
- Water Source: Public
- Water, Sewer, and Garbage: 3847
Amy Flippo
Broker | REALTOR®
Send Amy Flippo an email