1954 Eaton Ave | Image 1
1954 Eaton Ave | Image 2
1954 Eaton Ave | Image 3
1954 Eaton Ave | Image 4
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1954 Eaton Ave | Image 7

$590,000

For Sale

9 days ago

MLS® 2455414

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $3,741
Days Active 8
Lot Size 0.37 acres
Approx. Age 1964
MLS® Number 2455414

Property Address: 1-3-1954 Eaton Ave, Ferndale, WA, 98248-8381

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number2455414
Laundry Level
Central VacNo
FireplaceNo
Acreage0.37
Exterior
GarageNo
Approx. Age1964
Basement
DrivewayRV Parking
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$590,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$590,000List Price
  • Commute

Commute

Starting Address
Destination Address
1954 Eaton Ave, Ferndale, WA

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