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About the Listing 9947 - 45520
Mixed Use (MXD) zoned multifamily opportunity in Ferndale offering current rental income with future development potential. Located minutes from schools, parks, and downtown amenities, this tri-plex offers immediate rental income with future development potential. The property is situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned 16,117 sqft lot and is not located in a flood zone. The site includes a 1964-built rambler duplex (1,560 sq ft total) with two fully rented 2-bedroom, 1-bath units (780 sq ft each) with recently completed improved updates and repairs. A separate single-story 1-bedroom, 1-bath home (702 sq ft) is also located on the property and is currently slated for rehabilitation or possible removal. MXD zoning may allow additional development potential, including the possibility of adding an ADU or additional units (buyer to verify with City of Ferndale). Tenants benefit from three covered parking spaces with additional storage. Tenants pay garbage, electricity, and natural gas. Owner currently pays water, sewer, and yard care. Strong existing tenants provide stable income from day one.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dryer(s), Refrigerator(s), Washer(s)
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Water Heater,Master on Main
- Water: City of Ferndale
Exterior Details
- Lot Description: Corner Lot,Built On Lot,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,RV Parking
- Garage Capacity: N/A
- Parking Spaces: 3
- Roof: Composition
- Others: Wood,Fair
- Sewer: City of Ferndale
- Parking Features: Attached Carport,Driveway,Off Street,RV Parking
Financial Details
- Tax Amount: $4,115
- Taxes w/Assessments: N/A
- Tax/Property ID: 390220214203
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
1954 Eaton Avenue 1-3 Ferndale, WA 98248
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