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About the Listing 9947 - 45520
April Update!! All Units Now Rented! Best Value 4-Plex in Ferndale – Renovated Unit + Immediate Rent Growth Opportunity. Now priced at $895,000, CAP RATE IMPROVEMENT ABOVE 4% as of April 2026, this is one of the most compelling 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & now RENTED unit already completed (Unit 1), the path to increased income is factual —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, 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.
Listing Highlights
Status
Active
Days on Site
51
Property Type
Multi-Family
MLS ®
2477921
Year Built
1991
Total Square Footage
3,240
Lot/Acreage
0.24
County
Whatcom
Building Name
Eagle Park Terrace
Neighborhood
Ferndale
School District
Ferndale
High School
Ferndale High
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Ferndale
Exterior Details
- Lot Description: Cul-De-Sac,Dead End Street,Paved,Deck,High Speed Internet,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: Multi-Family
- Roof: Composition
- Others: Metal/Vinyl,Good
- Sewer: City of Ferndale
Financial Details
- Tax Amount: $5,713
- Taxes w/Assessments: N/A
- Tax/Property ID: 3902303175230000
- Tax Year: 2025
Payment Calculator
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Questions About..
5660 Eagle Pl Ferndale, WA 98248
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