5660 Eagle Place, Ferndale, WA 98248
- $879,000
- 3,208
- SqFt
Listing courtesy of RE/MAX Whatcom County, Inc..
- List Price
- $879,000
- Status
- ACTIVE
- MLS#
- 2477921
- Price Change
- ▼ $16,000 1781926937
- Days on Market
- 155
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,208
- Area Total SqFt
- 3208
- Annual Tax Ammount
- 5713
- Internet Provider
- Comcast/Xfinity
- Lot Size (sq ft)
- 10,454
- Sewer
- Sewer Connected
Property Description
Best Value 4-Plex in Ferndale - $879,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & RENTED unit already completed (Unit 1), the path to increased income is demonstrated —not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, interior cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.
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Additional Information
- List Date
- 2026-02-24 16:12:33
- Community
- Ferndale
- Net Operating Income
- $39,913
- Gross Adjusted Income
- $61,758
- Gross Scheduled Income
- $65,700
- Total Monthly Income
- $3,925
- Insurance Expenses
- $2,124
- Water/Sewer/Garbage Expenses
- $5,632
- Gross Rent Multiplier
- 13.4
- Total Expenses
- $21,845
- Cap Rate
- 4.54
- Vacancy Rate
- 6
- Total Number of Units
- 4
- Unit Name
- 5660
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1991
- View
- Mountains, See Remarks, Territorial
- Roof
- Composition
- Site Features
- Deck, High Speed Internet, Patio
- Other Expenses
- 8376
- Energy Source
- Electric
- School District
- Ferndale
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Ferndale High
- Total Monthly Income
- $3,925
- Gross Scheduled Income
- $65,700
- Vacancy Rate
- 6
- Gross Adjusted Income
- $61,758
- Tax Year
- 2025
- Insurance Expense
- $2,124
- W/S/G Expenses
- $5,632
- Total Expenses
- $21,845
- Net Operating Income
- $39,913
- Gross Rent Multiplier
- 13.4
- Cap Rate
- 4.54
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.