James & Angie Smith

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Listing provided courtesy of TerrafinNWMLSas Distributed by MLSGrid- MLS# NWM2535257MLS Provider

2340 Main StreetFerndale, WA 98248

Multi-Family · 8 Beds · 3,208 Sq. ft. | 0.20 Acres
$889,000 Active

2340 Main Street Overview

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Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!

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2340 Main Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,208
  • Price/Sq.ft. $277
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Ferndale
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Horizon Mid
  • High School: Ferndale High

Income/Expenses

  • Other Expense: 9458
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 70200
  • Insurance Expense: 3347
  • Net Operating Income: 43057
  • Total Expenses: 26542
  • Total Monthly Income: 5650
  • Water/Sewer/Garbage: 8636

Building Information

  • New Construction: No
  • Year Built: 1991

Location/Region

  • Country: US
  • County Or Parish: Whatcom
  • MLS Area Major: 870 - Ferndale/Custer
  • Subdivision Name: Ferndale

Tax Information

  • Tax Annual Amount: $5,101.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 3902191860100000
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3208
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3208
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3208
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Spa: Yes
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 8

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Sidewalk
  • Lot Size Acres: 0.2
  • Lot Size Square Feet: 8712
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, Hot Tub/Spa
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Metal/Vinyl
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1300
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1400
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1550
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1600
  • Beds Total: 2
  • Baths Total: 1

2340 Main Street Neighborhood

Community

98248 (Ferndale) Demographics

38
Median Age
363
Population Density (per sq. mile)
43%
College Educated
$71,164
Estimated Median Income
7,040
Estimated Total Home Owners
2,365
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2340 Main Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2340 Main Street Market Data

Based on the last 30 days in this zip code

$722,542
Average List Price
$358
Average Price per Square Foot
27
Properties Sold
77
Average Days on Market
139
Properties for Sale
Calculations provided by Reliance Network

2340 Main Street History

Date Event Value Agent
6/6/2026Source: NWMLS Added to Database
June 06, 2026