5660 Eagle Place, Ferndale, WA 98248

Property Description

Best Value 4-Plex in Ferndale – Renovated Unit + Immediate Rent Growth Opportunity. Now priced at $895,000, this is one of the most compelling 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated, rent-ready unit already complete, the path to increased income is immediate—not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 11:19PM

Listing Office:

RE/MAX Whatcom County, Inc. : 360-647-1313

Listing Agent:

Carissa Conour : 360-647-1313

MLS ID:

2477921

Interior

• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 6

Construction

• Roofing: Composition
• General: 54 - 4-PlexPoured Concrete

Location

• HOA Amenities: 0.0Not Applicable
• Originating MLS: nwmls
• School District: Ferndale
• County: Whatcom

Lot

• Zoning: 3902303175230000
• View: MountainsSee RemarksTerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls