5870 Portal Way

Ferndale, WA 98248

$350,000
Price
16,988 / 0.39
Lot Size / Acres
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Listing provided courtesy of eXp Realty
Source: Northwest MLS

Description

Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports...Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.
  1. Listed by Tim Cornwell • eXp Realty
    P: (888)-877-9315 tim.redwoodgroup@gmail.com

Property Details for 5870 Portal Way

Community Name
Ferndale
School District
Ferndale
Entry Date
03-19-2026
Sewer
On Property
LISTING UPDATED: 03/26/2026 12:20 PM

Property Details for 5870 Portal Way

StatusActive
MLS #2490543
Days on Market21
Cumulative Days on Market21
Taxes$2,022 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.39 AC
CountyWhatcom County
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Location

Listing Courtesy of eXp Realty
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Building Information for 5870 Portal Way

Lot Size0.39 AC

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$1,931 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,762

Property Taxes

$169

HOA Dues

$0

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Property Information for 5870 Portal Way

Summary
Location and General Information
  • Style: 42 - Multi-Family
  • Area: 870 - Ferndale/Custer
  • Directions: GPS Friendly!
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Carport: No
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
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: In Street
  • Water Source: On Property
  • Utilities: Electricity Connected, Natural Gas Available
Property and Assessments
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Water Jurisdiction: City of Ferndale
  • Zoning Remarks: Commercial,Multi-Family
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Improvements: Outbuilding(s)
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 8
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Number: 2
  • Lot Size Source: Realist
  • Parcel Number Free Text: 3902202302480000
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 5870 Portal Way

DateEvent & SourcePriceAppreciation
Mar 19, 2026

Listed (Active)

NWMLS #2490543

$350,000—
Aug 17, 2023

Sold (Public Record)

Public Record #1516788179

$215,000—
DateEvent & SourcePrice
03/19/2026

Listed (Active)

NWMLS #2490543

$350,000
08/17/2023

Sold (Public Record)

Public Record #1516788179

$215,000

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

Public Records for 5870 Portal Way

Taxable ValueLand$220,470Additions$55,232Total$275,702
Tax Record2025$2,065 ($172 / month)
Home Facts
Total Finished SqFt1,960 SqFtAbove Ground SqFt1,960 SqFtLot Size16,988 SqFtStyleMiscellaneous CommercialYear Built1940ZoningRM1.5CountyWHATCOMAPN390220 230248 0000

Schools near 5870 Portal Way

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 5870 Portal Way, Ferndale, WA 98248

5870 Portal Way is a 0.39 ac of land for sale in Ferndale, WA 98248. This property was listed for sale on March 19, 2026 by eXp Realty, it's currently listed at $350,000. It has been on the market for a total of 21 days and was last sold on August 17, 2023. This listing's school district is Ferndale School District. Nearby schools include Central Elementary School, Vista Middle School and Ferndale High School. 5870 Portal Way is a 0-bed, 0-bath, 0.39 ac of land on a 16,988 sq. ft. / 0.39 acres lot.

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 eXp Realty

Based on information submitted to the MLS GRID as of 03/26/2026 12:20 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.