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About the Listing 9947 - 45520
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!
Listing Highlights
Status
Active
Days on Site
5
Property Type
Residential
MLS ®
2483272
Year Built
1964
Total Square Footage
2,262
Lot/Acreage
0.37
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Water Heater,Master on Main
- Water: City of Ferndale
Exterior Details
- Lot Description: Corner Lot,Built On Lot,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,RV Parking
- Garage Capacity: N/A
- Parking Spaces: 3
- Roof: Composition
- Others: Wood,Fair
- Sewer: City of Ferndale
- Parking Features: Attached Carport,Driveway,Off Street,RV Parking
Financial Details
- Tax Amount: $4,115
- Taxes w/Assessments: N/A
- Tax/Property ID: 390220214203
- Tax Year: 2026
Payment Calculator
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Questions About..
1954 Eaton Avenue 1-3 Ferndale, WA 98248
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