Date
Details
Price
Change
Source
2/05/2026
Listed
$649,744
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!
Full Property Details
Full Property Details for 5698 2nd Ave
General
- Price: $649,744
- Taxes: $3,461 (2025)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2475460
- Updated: 2/5/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Laminate
Additional Information
- Amenities: Cable TV, Outbuildings, RV Parking, Shop
Parking
- Garage Spaces: 2
- Covered Spaces: 2
- Uncovered Spaces: 12
- Parking Features: RV Parking
Location
- Area: 870 - Ferndale/Custer
- County: Whatcom
- Subdivision: Ferndale
- Building Name: Ferndale Am
- Driving Directions: From I-5, take Exit 263 to Portal Way. Turn West on Portal way, continue into slight left on 2nd Ave. Property at end of street on left. Address visible from street.
School Information
- High School District: Ferndale
- Elementary School: Central Elem
- Middle School: Vista Mid
- High School: Ferndale High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless
- Heating Type: Ductless, Wall Unit(s)
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Cement Planked, Wood
- Foundation: Block
- Roof: Composition
- Stories in Building: 1
- Square Feet: 1,500
- Year Built: 2004
Unit Information
- Units in Building: 2
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Lot Size Source: Realist
- Lot Dimensions: 13 x 174 x 156 x 89
- Lot Features: Alley, Dead End Street, Paved
- Zoning: Multi-Family
Financial Considerations
- Tax Amount: $3,461
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 3902291475440000
- Block: 13
- Lot Number: 12-13-14
Listed by Jacson Bevens | Windermere Real Estate Whatcom | (360) 734-7500
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Schools
Schools serving 5698 2nd Ave
School District:Ferndale School District
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Ferndale, WA 5610 2nd Avenue, Ferndale, WA 98248 | PK-5 | 0.2 mi |
Vista Middle School 6051 Vista Drive, Ferndale, WA 98248 | 6-8 | 1 mi |
Ferndale High School 5830 Golden Eagle Drive, Ferndale, WA 98248 | 9-12 | 0.3 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 5698 2nd Ave
Tax History
Tax History for 5698 2nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,415
6%
$455,862
5%
2021
$3,222
-9%
$432,355
21%
2023
$3,543
10%
$357,318
8%
2021
$3,222
3%
$330,858
15%
2020
$3,119
11%
$288,168
25%
2018
$2,798
17%
$230,885
-12%
2019
$2,399
-9%
$263,463
12%
2017
$2,627
7%
$234,439
6%
2016
$2,464
—
$220,609
2%
2016
$2,464
—
$216,076
1%
2013
$2,463
—
$213,146
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5698 2nd Ave
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- Updated 10 hours ago
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Sold by Spencer Flannery | RE/MAX Whatcom County, Inc.
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Sold by Rose Johnson | eXp Realty
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Sold by Brie Turoff Mueller | Muljat Group
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Sold by David Harmon | RE/MAX Whatcom County, Inc. and Keith Cook | RE/MAX Whatcom County, Inc.
Sold by David Harmon | RE/MAX Whatcom County, Inc. and Keith Cook | RE/MAX Whatcom County, Inc.
5698 2nd Avenue, Ferndale, WA 98248 (MLS# 2475460) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5698 2nd Avenue is currently listed for $649,744 and was received on February 05, 2026. Want to learn more about 5698 2nd 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.