MLS: #NWM2571429, Listed By: Ian Steger, Muljat Group, Source:NWMLS - Northwest Multiple Listing Service
1955 Eaton Avenue
Ferndale, WA 98248
0
Bed
0
Bath
8,184Sqft
0.40Acre(Lot)
9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Construction Materials: See Remarks -
Heating & Cooling
Heating: See Remarks Has Heating: Yes Cooling: None WaterSource: Community
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Building Information
Year Built: 1969 -
Exterior Features
See Remarks Construction Materials: See Remarks Foundation Details: Poured Concrete
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Lot Information
Lot Description: Paved Lot Square Feet: 17424 Lot Acres: 0.4Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$1550000
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Tax Information
Annual Tax: $11958 Tax Year: 2026 Parcel Number: 390220211184
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Parking Information
Total Parking: 14
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Utility Information
Sewer: Sewer Connected Water Source: Community -
Location Information
Subdivision: Ferndale City: Ferndale Direction: GPS.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1655 Main Street, Ferndale, WA, 98248 | $16,350,000 | -- | -- | -- | |
| 5660 Eagle Place, Ferndale, WA, 98248 | $879,000 | -- | -- | 3,208 | 3,208 SqFt |
| 2340 Main Street, Ferndale, WA, 98248 | $889,000 | -- | -- | 3,208 | 3,208 SqFt |
| 7245 Kickerville Road, Ferndale, WA, 98248 | $1,600,000 | -- | -- | 2,523 | 2,523 SqFt |
Similar Multifamily To 1955 Eaton Avenue
Nearby For Sale
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ByOwner last updated this listing 08/22/2026 @ 06:20
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