5709 3rd Avenue Ferndale, WA 98248
5709 3rd Avenue
Ferndale, WA 98248
$395,000
Residential
2 Beds
1.00 Baths
902 SqFt
Active
Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.
Property Features
Community: Ferndale
1 Story
View:
View: City
View: See Remarks
View: Territorial
Cable TV
Fenced-Partially
Gas Available
Outbuildings
Bus Line Nearby: Yes
Exterior: Wood
Roof: Composition
Parking: Driveway
Parking: Detached Garage
Parking: Off Street
Year Built: 1924
2026 Taxes: $2808.00
Buyer Broker Comp.: 2.5%
Listing #: 2573323
Lot Details
Lot Size: 0.19 acres
Curbs
Paved
Sidewalk
Interior
Cooling: None
Heating: Forced Air
Electric
Schools
District: Ferndale
Call or Email:
Grace Wamwere
What's Near 5709 3rd Avenue Ferndale, WA 98248?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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