Listing provided courtesy of Windermere RE Whatcom, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2475460
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Request Info5698 2nd AvenueFerndale, WA 98248
Multi-Family · 3 Beds · 1,500 Sq. ft. | 0.40 Acres$649,744
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5698 2nd Avenue Overview
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Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!
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5698 2nd Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 1,500
- Price/Sq.ft. $433
- Lot 0.40 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Ferndale
- Elementary School: Central Elem
- Middle Or Junior School: Vista Mid
- High School: Ferndale High
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 31200
- Insurance Expense: 1000
- Net Operating Income: 26739
- Total Expenses: 4461
- Total Monthly Income: 2600
- Water/Sewer/Garbage: 0
Building Information
- Building Name: Ferndale Am
- New Construction: No
- Year Built: 2004
Location/Region
- Country: US
- County Or Parish: Whatcom
- MLS Area Major: 870 - Ferndale/Custer
- Subdivision Name: Ferndale
Community/Development
- Amenities: Storage
Tax Information
- Tax Annual Amount: $3,461.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 3902291475440000
- 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: 2
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 1500
- Building Area Units: Square Feet
- Calculated Square Footage: 1500
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate
- Foundation Details: Block
- Heating: Yes
- Leasable Area: 1500
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 1
Exterior
Parking Information
- Open Parking: No
- Parking Features: RV Parking
- Parking Total: 14
- Parking Uncovered Total: 12
Lot Information
- Irrigation Water Rights: No
- Lot Features: Alley, Dead End Street, Paved
- Lot Size Acres: 0.4
- Lot Size Dimensions: 13 x 174 x 156 x 89
- Lot Size Square Feet: 17424
- Lot Size Units: Square Feet
- Site Features: Cable TV, Outbuildings, RV Parking, Shop
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Methods: Standard Frame
- Roof: Composition
- Structure Type: Duplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 2
- Exterior Features: Cement Planked, Wood
- Number Of Units Total: 2
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 1000
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1600
- Beds Total: 2
- Baths Total: 1
5698 2nd Avenue 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
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.5698 2nd Avenue Monthly Cost
5698 2nd Avenue 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
5698 2nd Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/5/2026Source: NWMLS | May 05, 2026 |
|
| 2/5/2026Source: NWMLS | February 05, 2026 |