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1954 Eaton Avenue #1-3, 
Ferndale, WA 98248

$590,000

—

Bed

—

Bath

2,262

Sq Ft

Multi-Family

Active

Listed by

Carissa Conour

RE/MAX Whatcom County, Inc.

Last updated:

March 5, 2026, 01:22 AM

MLS#

2455414

Source:

NWMLS

About This Home

1954 Eaton Avenue #1-3

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!

Home Facts

Multi-Family

Built in 1964

Price Summary

590,000

$260 per Sq. Ft.

MLS #:

2455414

Last Updated:

March 5, 2026, 01:22 AM

Rooms & Interior

Interior

Living Area:

2,262 Sq. Ft.

Structure

Structure

Building Area:

2,262 Sq. Ft.

Year Built:

1964

Lot

Lot Size (Sq. Ft):

16,117

Finances & Disclosures

Finances

Price:

$590,000

Price per Sq. Ft:

$260 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 7, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.