5698 2nd Avenue, Ferndale, Washington 98248

WA, Ferndale
$649,744
  • 1,500 Sqft
  • Residential Income Property Type
  • 2004 Year Built
  • Active Status
Property Description

Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2475460
  • Price: $649,744
  • View: Territorial
  • Square Footage: 1,500 Sqft
  • Year Built: 2004
  • Lot Area: 0.40 Acre
  • Status: Active
  • Office Name: Windermere RE Whatcom, Inc.
  • Agent Name: Jacson Bevens
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Ductless, Wall Furnace
  • Cooling System Ductless
  • Parking RV Parking
  • Exterior Features Cement Planked, Wood
  • Flooring Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Whatcom
  • City Ferndale
  • Zipcode 98248
  • Street: 2nd
  • Street Number: 5698
  • Street Suffix: Avenue
  • Longitude: W123° 24' 36.9''
  • Latitude: N48° 50' 51.6''
  • Directions: From I-5, take Exit 263 to Portal Way. Turn West on Portal way, continue into slight left on 2nd Ave. Property at end of street on left. Address visible from street.
  • Mls Area Major: 870 - Ferndale/Custer
Neighborhood
  • Elementary School: Central Elem
  • High School: Ferndale High
  • High School District: Ferndale
  • Middle School: Vista Mid
Additional Information
  • Lot Size Dimensions: 13 x 174 x 156 x 89
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Multi-Family
  • On Market Date: 2026-02-05
  • Number Of Units Total: 2
  • Lot Features: Dead End Street, Paved, Alley
  • Garage: 2
  • Foundation Details: Block
  • Construction Materials: Cement Plank, Wood
Financial
  • Tax Annual Amount: 3461
Listing Information
  • List Agent Mls Id: 111532
  • List Office Mls Id: 9110
  • Listing Term: Cash,Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-04-14T22:42:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-02-05T23:58:31Z
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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