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MLS: #NWM2548858, Listed By: Amy Bowhay, RE/MAX Whatcom County, Inc., Source:NWMLS - Northwest Multiple Listing Service

5887 Cedar Street

Ferndale, WA 98248
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Acres0.38

Acre(Lot)

Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has a lready proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.

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Detail Ic Property Details

Property Type : Land

Price : $400,000

AD Id : 88181153

MLS Id : NWM2548858

Lot Size : 0.38 Acre(Lot)

County : Whatcom

Subdivision: Knollwood

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Feature Features

  • Water Source

    WaterSource: In Street

  • Lot Information

    Lot Dimensions: 92'x181'x39'x77'x150' Lot Description: Paved Lot Square Feet: 16553 Lot Acres: 0.38

    Property Information

    Property Type: Land Sub Type: Land Structure Type: None

  • Listing Price Information

    Original List Price:$400000

  • Tax Information

    Annual Tax: $2337.87 Tax Year: 2025 Parcel Number: 3902202452510000

  • Utility Information

    Electricity Available, Natural Gas Available Sewer: In Street Water Source: In Street
  • Location Information

    Subdivision: Ferndale City: Ferndale Direction: I-5 North, exit 263 (Portal Way), at traffic circle, left on Portal Way, take 3rd exit off roundabout onto 2nd Ave/Portal Way, left on Portal Way, left on Cedar St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Grandview Road, Ferndale, WA, 98248 $2,000,000 -- -- -- 8.39 Acres(Lot)
2020 Grandview Road, Ferndale, WA, 98248 $349,000 -- -- -- 5 Acres(Lot)
2070 Grandview Road, Ferndale, WA, 98248 $995,000 -- -- -- 12.97 Acres(Lot)
2036 Grandview Road, Ferndale, WA, 98248 $2,000,000 -- -- -- 7.15 Acres(Lot)
2069 Grandview Road, Ferndale, WA, 98248 $2,500,000 -- -- -- 4.59 Acres(Lot)
6600 Portal Way, Ferndale, WA, 98248 $369,000 -- -- -- 12.28 Acres(Lot)
6850 Portal Way, Ferndale, WA, 98248 $499,000 -- -- -- 4.05 Acres(Lot)
2265 Grandview Road, Ferndale, WA, 98248 $1,000,000 -- -- -- 5 Acres(Lot)
5330 Barrett Road, Ferndale, WA, 98248 $429,000 -- -- -- 8.02 Acres(Lot)
5400 Barrett Road, Ferndale, WA, 98248 $299,000 -- -- -- 3.70 Acres(Lot)
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ByOwner last updated this listing 07/21/2026 @ 18:20

MLS: NWMLS #2548858 LISTED BY: Amy Bowhay, RE/MAX Whatcom County, Inc. 360-647-1313 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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