1848 Eastgate Loop

Ferndale, WA 98248

$1,546,000
Last Sold Price
—
Beds
—
Baths
5,616 Sq. Ft.
$275 / Sq. Ft.
5,616
Sq. Ft.
$275
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 10/1/25
Sold 10/1/25
Listing provided courtesy of Muljat Group, MJB Real Estate Group
Source: Northwest MLS

Description

Modern 4-plex built in 2020 with strong rental history, low vacancy, and high-end finishes throughout. Each unit features quartz countertops, soft-close cabinets, stainless steel appliances, and LVP flooring. Second level offers an open layout with kitchen, private deck, living room, and half bath. All bedrooms and laundry are on the top floor; primary suite includes ensuite bath and walk-in closet. Ground floor includes a full-size 2-car garage that has has extra room for storage, including exterior...Modern 4-plex built in 2020 with strong rental history, low vacancy, and high-end finishes throughout. Each unit features quartz countertops, soft-close cabinets, stainless steel appliances, and LVP flooring. Second level offers an open layout with kitchen, private deck, living room, and half bath. All bedrooms and laundry are on the top floor; primary suite includes ensuite bath and walk-in closet. Ground floor includes a full-size 2-car garage that has has extra room for storage, including exterior access door. Turnkey investment in a prime location with 6.43%CAP / 13.67 GRM. A rare opportunity with reliable cash flow and minimal maintenance.
  1. Listed by Kyle H. Martin • Muljat Group
  2. Listed by Kyle Coston • Muljat Group

Property Details for 1848 Eastgate Loop

Community Name
Ferndale
School District
Ferndale
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
8
Entry Date
04-18-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/01/2025 04:06 AM

Property Details for 1848 Eastgate Loop

StatusSold
MLS #2360799
Days on Market108
Cumulative Days on Market108
Taxes$10,466 / year
HOA Fees$480 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.23 AC / 10,019 SF
CountyWhatcom County
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Location

Listing Courtesy of Muljat Group

Sold By MJB Real Estate Group

Add your commute

Building Information for 1848 Eastgate Loop

Stories3Residences4Year Built2020Building Size-Lot Size0.23 AC / 10,019 SF

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$8,447 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,535

Property Taxes

$872

HOA Dues

$40

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Property Information for 1848 Eastgate Loop

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 870 - Ferndale/Custer
  • Elementary School: Cascadia Elem
  • Middle Or Junior School: Vista Mid
  • High School: Ferndale High
  • Directions: I-5N-Portal Wy Exit#263. Right/NE onto Portal Wy. Right on Eastgate Loop and then left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Virtual Tour
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, Vinyl Plank, Carpet
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Puget Sound Energy
  • 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: Slab
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 33
Lot Information
  • Lot Details: Corner Lot, Cul-De-Sac, Dead End Street, Paved
  • Lot Number: 12
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 3902173150890000
  • Building Condition: Very Good
  • Calculated Square Footage: 5616
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5616.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 12789.73
  • Gross Adjusted Income: 114048
  • Gross Rent Multiplier: 13.67
  • Gross Scheduled Income: $115,200
  • Insurance Expense: $2,324
  • Net Operating Income: $101,258
  • Other Expenses: $0
  • Total Monthly Income: 9600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 101
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1404
  • Rent Unit 1: $2,350.00
Unit 2
  • Name Unit 2: 102
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1404
  • Rent Unit 2: $2,350.00
Unit 3
  • Name Unit 3: 103
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1404
  • Rent Unit 3: $2,450.00
Unit 4
  • Name Unit 4: 104
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1404
  • Rent Unit 4: $2,450.00
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5616.0

Property History for 1848 Eastgate Loop

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Sold

NWMLS #2360799

$1,546,000—
Sep 26, 2025

Sold (Public Record)

Public Record #1914787684

$1,546,000

+45.9% / yr

Aug 4, 2025

Pending

NWMLS #2360799

—
May 27, 2025

Price Change

NWMLS #2360799

$1,575,000—
Apr 18, 2025

Listed (Active)

NWMLS #2360799

$1,625,000—
May 20, 2020

Sold (Public Record)

Public Record #667956120

$205,000—
DateEvent & SourcePrice
10/01/2025

Sold

NWMLS #2360799

$1,546,000
09/26/2025

Sold (Public Record)

Public Record #1914787684

$1,546,000

+45.9% / yr

08/04/2025

Pending

NWMLS #2360799

—
05/27/2025

Price Change

NWMLS #2360799

$1,575,000
04/18/2025

Listed (Active)

NWMLS #2360799

$1,625,000
05/20/2020

Sold (Public Record)

Public Record #667956120

$205,000

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

Public Records for 1848 Eastgate Loop

Taxable ValueLand$273,000Additions$1,088,610Total$1,361,610
Tax Record2024$10,201 ($850 / month)
Home Facts
Total Finished SqFt5,616 SqFtAbove Ground SqFt5,616 SqFtLot Size10,023 SqFtStyleQuadraplexYear Built2020ZoningMCDCountyWHATCOMAPN390217 315089 0000

Schools near 1848 Eastgate Loop

This home is within Ferndale School District.
Rating
School
Type
Grades
Distance
Cascadia Elementary School
Public - K 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
Cascadia Elementary School
PublicK 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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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 Muljat Group

Based on information submitted to the MLS GRID as of 11/01/2025 04:06 AM. 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.