1848 Eastgate Loop , Ferndale, Wa 98248

WA, Ferndale
$1,575,000
  • 5,616 Sqft
  • Residential Income Property Type
  • 2020 Year Built
  • Closed Status
Property Description

Modern 4-plex built in 2020 with strong rental history, low vacancy, and high-end finishes throughout. Each unit features quartz countertops, soft-close cabinets, stainless steel appliances, and LVP flooring. Second level offers an open layout with kitchen, private deck, living room, and half bath. All bedrooms and laundry are on the top floor; primary suite includes ensuite bath and walk-in closet. Ground floor includes a full-size 2-car garage that has has extra room for storage, including exterior access door. Turnkey investment in a prime location with 6.43%CAP / 13.67 GRM. A rare opportunity with reliable cash flow and minimal maintenance.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2360799
  • Price: $1,575,000
  • View: Territorial
  • Square Footage: 5,616 Sqft
  • Year Built: 2020
  • Lot Area: 0.23 Acre
  • Status: Closed
  • Office Name: Muljat Group
  • Agent Name: Kyle H. Martin
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Ductless, Wall Unit(s)
  • Cooling System Ductless
  • Exterior Features Cement Planked, Wood
  • Flooring Carpet, Vinyl Plank, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Whatcom
  • City Ferndale
  • Zipcode 98248
  • Street: Eastgate
  • Street Number: 1848
  • Street Suffix: Loop
  • Longitude: W123° 24' 58.3''
  • Latitude: N48° 51' 55.1''
  • Directions: I-5N-Portal Wy Exit#263. Right/NE onto Portal Wy. Right on Eastgate Loop and then left.
  • Mls Area Major: 870 - Ferndale/Custer
Neighborhood
  • Elementary School: Cascadia Elem
  • High School: Ferndale High
  • High School District: Ferndale
  • Middle School: Vista Mid
Additional Information
  • Water Source: Public
  • Virtual Tour: Virtual Tour
  • Stories Total: 3
  • Possible Use: Multi-Family
  • On Market Date: 2025-04-18
  • Number Of Units Total: 4
  • Lot Features: Dead End Street, Paved, Cul-De-Sac, Corner Lot
  • Foundation Details: Slab
  • Construction Materials: Cement Plank, Wood
Financial
  • Association Fee: 480
  • Association Fee Frequency: Annually
  • Association Yn: 1
  • Tax Annual Amount: 10465.73
Listing Information
  • Co List Agent Full Name: Kyle Coston
  • Co List Agent Mls Id: 152235
  • Co List Office Mls Id: 9838
  • Co List Office Name: Muljat Group
  • List Agent Mls Id: 119275
  • List Office Mls Id: 9838
  • Listing Term: Cash Out,Conventional,VA Loan
  • Mls Status: Sold
  • Modification Timestamp: 2025-11-01T11:06:14Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-10-01T23:50:53Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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