MLS #2483272 / Listing provided by NWMLS & RE/MAX Whatcom County, Inc..
$590,000
1954 Eaton Avenue
Unit 1-3
Ferndale,
WA
98248
Beds
Baths
Sq Ft
Per Sq Ft
Year Built
Prime Multifamily Value-Add & Development Opportunity in Ferndale! Located just minutes from schools, parks, and downtown, this rare tri-plex offers immediate cash flow with major future upside. Situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned lot, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. Not in any Flood Zone! The site includes a 1964 rambler duplex (1,560 sq ft total) featuring two fully rented 2-bedroom, 1-bath units (780 sq ft each), currently being updated/repaired. Additionally, there is a separate single story 702 sq ft home currently slated for rehab or removal—opening the door for redevelopment and the exciting possibility of adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces in carport that has extra storage, wide driveway parking, plus the convenience of individual utility metering for all units. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this—affordable multifamily with zoning flexibility and room to grow—don’t come around often. Secure your foothold in Ferndale’s expanding market today!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Total Bedrooms: 5
- Main Level Bedrooms: 5
- Lower Level Bedrooms: 0
- Upper Level Bedrooms: 0
Bathrooms
- Total Bathrooms: 3
- Half Bathrooms: 0
- Three-quarter Bathrooms: 0
- Full Bathrooms: 3
- Full Bathrooms in Garage: 0
- Half Bathrooms in Garage: 0
- Three-quarter Bathrooms in Garage: 0
Fireplaces
- Total Fireplaces: 0
Water Heater
- Water Heater Location: Closet
- Water Heater Type: Electric
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Attached: No
- Parking Features: Attached Carport, Driveway, Off Street, RV Parking
- Parking Total: 3
- Total Uncovered Parking Spaces: 6
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Poured Concrete
Lot Details
- Lot Features: Corner Lot
- Acres: 0.37
- Foundation: Poured Concrete
Schools
- High School District: Ferndale
- High School: Ferndale High
- Middle School: Buyer To Verify
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Corner Lot
- Acres: 0.37
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Natural Gas
- Power Company: Puget Sound Energy
Water, Sewer, and Garbage
- Sewer Company: City of Ferndale
- Sewer: Sewer Connected
- Water Company: City of Ferndale
- Water Source: Public
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