2148 E View Place, Ferndale, WA 98248 (MLS # 2175948)
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Listing provided courtesy of Northwest MLS; The Foundation Group LLC, sold by Hansen Group Real Estate Inc
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Attractive 12-unit walk-up style apartment building for sale in Ferndale, WA. Current cap rate of 5.84%. Built in 1970 property has favorable unit mix of 11x 2B/1B (812SqFt) and 1x 1B/1B(700SqFt). Property had significant exterior capital improvements within last few years making this a simple value-add play. Property is trending to over an 8% proforma cap rate. This is a can't-miss opportunity for the value-add investor looking to grow their portfolio in the desirable and growing Whatcom County market.
| LAST UPDATED | 2/16/2024 | TRACT | Ferndale |
|---|---|---|---|
| YEAR BUILT | 1970 | COMMUNITY | Ferndale |
| COUNTY | Whatcom | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| School District | Ferndale |
|---|---|
| Elementary School | Buyer To Verify |
| Jr. High School | Buyer To Verify |
| High School | Ferndale High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 870 - Ferndale/Custer |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| INTERIOR | Wall to Wall Carpet |
| LOT | 0.45 acre(s) |
| LOT DESCRIPTION | Cul-de-sac |
| MLS STATUS | Sold |
| STORIES | 2 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Ferndale |
| TAXES | 12897 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| WATERFRONT | Yes |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/11/25 12:16 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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