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About the Listing 9838 - 102016
9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
2572692
Year Built
1969
Total Square Footage
0
Lot/Acreage
0.4
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Ferndale
Exterior Details
- Lot Description: Zoning: Multi-Family,Residential
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Multi-Family,Residential
- Roof:
- Others:
- Sewer: City of Ferndale
Financial Details
- Tax Amount: $11,958
- Taxes w/Assessments: N/A
- Tax/Property ID: 390220211184
- Tax Year: 2025
Payment Calculator
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Questions About..
1955 Eaton Ave Ferndale, WA 98248
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