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$590,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2,262 Sq. Ft.
  • Updated 2 hours ago

Listed by Carissa Conour | RE/MAX Whatcom County, Inc. | (360) 647-1313

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Prime Multifamily Value-Add & Development Opportunity in Ferndale! Located just minutes from schools, parks, and downtown, this rare tri-plex offers immediate cash flow with major future upside. Situated on a Non-Conforming, Mixed Use Commercial (MXD) zoned lot, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. Not in any Flood Zone! The site includes a 1964 rambler duplex (1,560 sq ft total) featuring two fully rented 2-bedroom, 1-bath units (780 sq ft each), currently being updated/repaired. Additionally, there is a separate single story 702 sq ft home currently slated for rehab or removal-opening the door for redevelopment and the exciting possibility of adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces in carport that has extra storage, wide driveway parking, plus the convenience of individual utility metering for all units. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this-affordable multifamily with zoning flexibility and room to grow-don't come around often. Secure your foothold in Ferndale's expanding market today!

Full Property Details for 1954 Eaton Ave #1-3

General

  • Price: $590,000
  • Taxes: $4,115 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2483272
  • Updated: Today (2/24/2026)
  • Added to Site: Today

Interior

  • Interior Features: Water Heater
  • Appliances: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Laminate, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Floor Baths: 3

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Main: 5

Additional Information

  • Amenities: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, RV Parking
  • Security/Safety: Partially Fenced

Parking

  • Carports: Yes
  • Covered Spaces: 3
  • Uncovered Spaces: 6
  • Parking Features: Attached Carport, Driveway, Off Street, RV Parking

Location

  • Area: 870 - Ferndale/Custer
  • County: Whatcom
  • Subdivision: Ferndale
  • Driving Directions: From I-5 N, take exit 263 for Portal Way, at roundabout WEST side of I-5, turn onto Portal Way then turn right on Eaton Ave. Property is on the corner of Portal Way and Eaton. Do not follow Google.

School Information

  • High School District: Ferndale
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Ferndale High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: 90%+ High Efficiency, Forced Air, High Efficiency (Unspecified), Wall Unit(s)
  • Water Heater: Electric

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Architectural Style: Mid Century
  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 2,262
  • Finished Total: 2,262 Sq. Ft.
  • Year Built: 1964
  • Property Condition: Fair

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,117
  • Lot Size Source: Assessors
  • Topography: Level
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $4,115
  • Tax Year: 2026
  • Terms: Cash, Conventional, Rehab Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 390220214203

Listed by Carissa Conour | RE/MAX Whatcom County, Inc. | (360) 647-1313

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Schools serving 1954 Eaton Ave #1-3

School District:Ferndale School District
NameGradesDistance
Central Elementary School, Ferndale, WA
5610 2nd Avenue, Ferndale, WA 98248
PK-50.6 mi
Vista Middle School
6051 Vista Drive, Ferndale, WA 98248
6-80.8 mi
Ferndale High School
5830 Golden Eagle Drive, Ferndale, WA 98248
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1954 Eaton Ave #1-3 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$590,000
343.61%
MLS
5/02/2002
Sold
$133,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1954 Eaton Ave #1-3

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,709
11%
$495,141
10%
2021
$3,346
-9%
$449,051
21%
2023
$3,679
10%
$371,116
8%
2021
$3,346
3%
$343,635
15%
2020
$3,240
11%
$299,296
25%
2018
$2,906
36%
$239,801
26%
2017
$2,140
-14%
$190,999
-30%
2019
$2,492
24%
$273,637
52%
2016
$2,007
—
$179,704
2%
2016
$2,007
—
$176,022
1%
2013
$2,007
—
$173,661
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Carissa Conour | RE/MAX Whatcom County, Inc. | (360) 647-1313

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1954 Eaton Avenue #1-3, Ferndale, WA 98248 (MLS# 2483272) is a Single Family property with 5 bedrooms and 3 full bathrooms. 1954 Eaton Avenue #1-3 is currently listed for $590,000 and was received on February 24, 2026. Want to learn more about 1954 Eaton Avenue #1-3? Do you have questions about finding other Single Family real estate for sale in Ferndale? You can browse all Ferndale real estate or contact a Coldwell Banker agent to request more information.

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