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Listing Firm: eXp Realty: Cody Stacy

Bought With: eXp Realty : Cody S Stacy

SOLD On April 25, 2024
NWMLS # 2227808

$800,000

  • Sold Price
  • - Beds
  • - Baths
  • 7326 Sq.ft.

5778 2nd Avenue , Ferndale, WA 98248

Listings with the three tree icon are courtesy of NWMLS

About This Property

A great investment opportunity with major expandability possibilities! 8% Cap Rate! Zoned Urban Residential gives you tons of versatility on highest and best use. Included with the sale is the adjacent lot that is 5,663 sqft. Boasting 7 units in total - five of them are beautiful, fully renovated units, 6th unit just needs some finishing touches. Renovate the store front for even more income. Huge laundry area with coin-op machines and storage units. Use 2 car garage for yourself or rent that too! Tenants will love living right across from Griffintown Park. Walking distance to downtown Ferndale shops, restaurants and Vanderyacht, Pioneer and Hovander Homestead parks!

Buyer's Agent: Cody S Stacy • eXp Realty

Listed by: Cody Stacy • eXp Realty

Aris360 Last Checked: Just Now (Jun 07, 2025 09:47 PM)

  • Source: NWMLS as Distributed by MLS Grid #2227808

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 2nd
  • Zip/Postal Code: 98248
  • City: Ferndale

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Property Features

  • County
    • Ferndale
  • Community
    • 870 - Ferndale/Custer
  • MLS Area
    • 870 - Ferndale/Custer
  • Longitude
    • -122.58947
  • Latitude
    • 48.85112
  • Directions
    • Use GPS.

  • Interior
    • Ceramic Tile
    • Fir/Softwood
    • Laminate Hardwood
  • Floors
    • Ceramic Tile
    • Softwood
    • Laminate
  • Power Production Type
    • Electric
    • Natural Gas

  • Stories
    • 2
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 6
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Stucco
    • Wood Products
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 2
  • Condition
    • Fair,
  • Water
    • City of Ferndale
  • Building Total Area (Sq. Ft.)
    • 5663

  • High School District
    • Ferndale

  • Possession
    • See Remarks,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $4392
  • Year Built
    • 1900
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Jun 07, 2025 09:47 PM