5698 2nd Ave

Ferndale, WA 98248

$649,744
Price
3
Beds
2
Baths
1,500 Sq. Ft.
$433 / Sq. Ft.
1,500
Sq. Ft.
$433
per Sq. Ft.
Listing provided courtesy of Windermere Real Estate Whatcom
Source: Northwest MLS

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...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!
  1. Listed by Jacson Bevens • Windermere Real Estate Whatcom

Property Details for 5698 2nd Avenue

Community Name
Ferndale
School District
Ferndale
View
Territorial
Total Covered Parking
2
Entry Date
02-05-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 02/05/2026 04:18 PM

Property Details for 5698 2nd Avenue

StatusActive
MLS #2475460
Days on Market2
Cumulative Days on Market2
Taxes$3,461 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2004
Lot Size0.40 AC / 17,424 SF
CountyWhatcom County

Location

Listing Courtesy of Windermere Real Estate Whatcom
Add your commute

Building Information for 5698 2nd Avenue

Stories1Residences2Year Built2004Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

$3,455 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,167

Property Taxes

$288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5698 2nd Avenue

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Outbuildings, RV Parking, Shop
  • Area: 870 - Ferndale/Custer
  • Block: 13
  • Elementary School: Central Elem
  • Middle Or Junior School: Vista Mid
  • High School: Ferndale High
  • 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.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 2.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking: No
  • Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate
  • Amenities: Storage
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Wall Unit(s)
Exterior Features
  • Exterior: Cement Planked, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Ferndale
  • Water Company: City of Ferndale
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Block
  • Zoning Remarks: Multi-Family
  • Construction Methods: Standard Frame
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Alley, Dead End Street, Paved
  • Lot Size Dimensions: 13 x 174 x 156 x 89
  • Lot Number: 12-13-14
  • Lot Size Source: Realist
  • Parcel Number Free Text: 3902291475440000
  • Calculated Square Footage: 1500
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1500.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 12
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 4461
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 20.8
  • Gross Scheduled Income: $31,200
  • Insurance Expense: $1,000
  • Net Operating Income: $26,739
  • Other Expenses: $0
  • Total Monthly Income: 2600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 5698
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 960
  • Rent Unit 1: $1,600.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 5696
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 540
  • Rent Unit 2: $1,000.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1500.0

Property History for 5698 2nd Avenue

DateEvent & SourcePriceAppreciation
Feb 5, 2026

Listed (Active)

NWMLS #2475460

$649,744—
DateEvent & SourcePrice
02/05/2026

Listed (Active)

NWMLS #2475460

$649,744

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5698 2nd Avenue

Taxable ValueLand$182,400Additions$273,462Total$455,862
Tax Record2024$3,415 ($285 / month)
Home Facts
Beds2Baths1Total Finished SqFt894 SqFtAbove Ground SqFt894 SqFtStories1Lot Size17,376 SqFtStyleSingle Family ResidenceYear Built2004ZoningRM1.5CountyWHATCOMAPN390229 147544 0000

Schools near 5698 2nd Avenue

This home is within Ferndale School District.
Rating
School
Type
Grades
Distance
Central Elementary School
Public - PK to 5
Vista Middle School
Public - 6 to 8
Ferndale High School
Public - 9 to 12
Ferndale Virtual Academy
Public - K to 12
Rating
School
Distance
Central Elementary School
PublicPK to 5

Vista Middle School
Public6 to 8

Ferndale High School
Public9 to 12

Ferndale Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5698 2nd Avenue, Ferndale, WA 98248

5698 2nd Avenue is a multi-family home for sale in Ferndale, WA 98248. This property was listed for sale on February 5, 2026 by Windermere Real Estate Whatcom, it's currently listed at $649,744. This listing's school district is Ferndale School District. Nearby schools include Central Elementary School, Vista Middle School and Ferndale High School. 5698 2nd Avenue is a 3-bed, 2-bath, 1,500 sqft multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Whatcom

Based on information submitted to the MLS GRID as of 02/05/2026 04:18 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.