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Listed price in listed location currency (USD).
$895,000

006

MLS® 2477921

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $5,713
Days Active 50
Lot Size 
Approx. Age 1991
MLS® Number 2477921

Property Address: 5660 Eagle Pkwy, Ferndale, WA, 98248-9193

Average square foot calculated using Size range provided by listing agent.

Description

April Update!! All Units Now Rented! Best Value 4-Plex in Ferndale – Renovated Unit + Immediate Rent Growth Opportunity. Now priced at $895, 000, CAP RATE IMPROVEMENT ABOVE 4% as of April 2026, this is one of the most compelling 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & now RENTED unit already completed (Unit 1), the path to increased income is factual —not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.
MLS® Number2477921
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1991
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$895,000List Price
  • Commute

Commute

Starting Address
Destination Address
5660 Eagle Pkwy, Ferndale, WA

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