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$395,000
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Property Description
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.
Full Property Details
Full Property Details for 5709 3rd Ave
General
- Price: $395,000
- Taxes: $2,808 (2026)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2573323
- Updated: 8/24/2026
- Added to Site: 54 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Additional Information
- Amenities: Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Security/Safety: Partially Fenced
Parking
- Garage: Yes
- Covered Spaces: 2
- Parking Features: Driveway, Detached Garage, Off Street
Location
- Area: 870 - Ferndale/Custer
- County: Whatcom
- Subdivision: Ferndale
- Driving Directions: From the I-5, Exit 263 toward Portal Way. At the traffic circle, exit onto Portal Way. At the traffic circle, exit onto 2nd Ave/Portal Way. 2nd Ave curves into Washington St. Turn left onto 3rd Ave
School Information
- High School District: Ferndale
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Sewer Connected
- Water: See Remarks
Structural Information
- Structure Type: House
- Exterior Const.: Wood
- Basement Desc.: None
- Roof: Composition
- Entry Location: Main
- Square Feet: 902
- Finished Total: 902 Sq. Ft.
- Year Built: 1924
- Property Condition: Fixer
Lot Features
- Property View: City, Mountains, See Remarks, Territorial
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Size Source: Assessor
- Topography: Level
- Lot Features: Curbs, Paved, Sidewalk
Financial Considerations
- Tax Amount: $2,808
- Tax Year: 2026
- Terms: Cash, Conventional, Rehab Loan, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 3902201050040000
Listed by Mike Kooy | Windermere RE Whatcom, Inc. | (360) 354-4455
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Schools
Schools serving 5709 3rd Ave
School District:Ferndale School District
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Ferndale, WA 5610 2nd Avenue, Ferndale, WA 98248 | PK-5 | 0.3 mi |
Vista Middle School 6051 Vista Drive, Ferndale, WA 98248 | 6-8 | 0.8 mi |
Ferndale High School 5830 Golden Eagle Drive, Ferndale, WA 98248 | 9-12 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5709 3rd Ave
Date
Details
Price
Change
Source
8/24/2026
Listed
$395,000
—
MLS
Disclaimer: Historical sales 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 5709 3rd Ave
5709 3rd Avenue, Ferndale, WA 98248 (MLS# 2573323) is a Single Family property with 2 bedrooms and 1 full bathroom. 5709 3rd Avenue is currently listed for $395,000 and was received on August 24, 2026. Want to learn more about 5709 3rd Avenue? 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.

