6048 Portal Way, Ferndale, WA 98248
- $1,395,000
Listing courtesy of Muljat Group.
- List Price
- $1,395,000
- Status
- ACTIVE
- MLS#
- 2578502
- Days on Market
- 11
- Lot Size (sq ft)
- 197,762
Property Description
4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- Community
- Ferndale
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- Sewer
- Available
- Tax Year
- 2026
- School District
- Ferndale
- Elementary School
- Cascadia Elem
- Middle School
- Vista Mid
- High School
- Ferndale High
- Potential Terms
- Cash, Conventional
- Driving Directions
- Take I-5 to Exit 263 (Portal Way). Head north on Portal Way about 1.5 miles. Property is on the right, just south of Newkirk Rd.
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.