1954 Eaton Avenue #1-3, Ferndale, WA 98248 (MLS # 2483272)
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Listing provided courtesy of Northwest MLS; RE/MAX Whatcom County, Inc.
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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!
| LAST UPDATED | 2/24/2026 | TRACT | Ferndale |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | Ferndale |
| COUNTY | Whatcom | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Ferndale High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Electric Water Heater, Refrigerator, Washer, Water Heater |
| AREA | 870 - Ferndale/Custer |
| BASEMENT | None |
| CONSTRUCTION | Wood Siding |
| HEAT | Electric, Forced Air, Natural Gas |
| INTERIOR | Water Heater |
| LOT | 0.37 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| MLS STATUS | Active |
| PARKING | Attached Carport, Driveway, Off Street, RV Access/Parking |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Ferndale |
| TAXES | 4115 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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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 2/24/26 3:35 PM PST. 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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