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$590,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 11 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 Mixed Use Commercial (MXD) zoned lot, NOT in a Flood Zone, this property presents an exceptional chance for investors seeking both stable rental income and expansion potential. The site includes a 1964 yr 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 1 bedroom, 1 bathroom, 702 sq ft home currently slated for rehab or removal-opening the door for redevelopment. Exciting possibilities: adding an additional ADU or more units (buyer to verify). Tenants have 3 covered parking spaces with extra storage, pay for garbage, electricity & natural gas. Owner pays Water/Sewer & yard care currently. Strong existing tenants make this a smooth, income-producing investment from day one. Opportunities like this-affordable multifamily with zoning flexibility in a non-flood zone, with room to grow-don't come around often. Secure your foothold in Ferndale's expanding market today!

Full Property Details for 1954 Eaton Ave

General

  • Price: $590,000
  • Taxes: $3,741 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2455414
  • Updated: 2/24/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

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

Parking

  • Carport Spaces: 3
  • Covered Spaces: 3
  • Uncovered Spaces: 6
  • Parking Features: 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: Forced Air, Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,262
  • Year Built: 1964
  • Property Condition: Fair

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,117
  • Lot Size Source: Assessors
  • Lot Features: Corner Lot, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Assoc Fee Freq.: Not Applicable
  • Tax Amount: $3,741
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 390220214203

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

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Schools serving 1954 Eaton Ave

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 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

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, Ferndale, WA 98248 (MLS# 2455414) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1954 Eaton Avenue is currently listed for $590,000 and was received on February 24, 2026. Want to learn more about 1954 Eaton Avenue? Do you have questions about finding other Multi-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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