2333 Main, Ferndale, WA 98248
- $1,090,000
- 4,928
- SqFt
Listing Broker: Bellwether Real Estate; Renae Ingraham; ; Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $1,090,000
- List Price
- $1,110,000
- Status
- SOLD
- MLS#
- 2401803
- Closing Date
- Dec 12, 2025
- Days on Market
- 99
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,928
- Area Total SqFt
- 4928
- Annual Tax Ammount
- 6655
- Lot Size (sq ft)
- 23,522
- Sewer
- Available
Property Description
Excellent investment opportunity in a prime Ferndale location. This 8-unit multifamily property is situated on a private lot with a large off-street parking lot and shared coin-operated laundry for tenant convenience. Consistently strong rental demand in the area offers reliable cash flow. Convenient access to downtown Ferndale, shopping, transit, and I-5 makes this a desirable location for tenants and a smart addition to any investment portfolio. Don’t miss the chance to secure a stable asset in a growing market.
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Additional Information
- List Date
- 2025-09-04 00:00:00
- Community
- Ferndale
- Net Operating Income
- $60,640
- Gross Adjusted Income
- $73,157
- Gross Scheduled Income
- $99,480
- Total Monthly Income
- $8,040
- Insurance Expenses
- $3,211
- Water/Sewer/Garbage Expenses
- $6,607
- Gross Rent Multiplier
- 11.66
- Total Expenses
- $26,323
- Cap Rate
- 6.3
- Vacancy Rate
- 1
- Total Number of Units
- 8
- Unit Name
- 2333
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1976
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 240
- Other Expenses
- 9610
- Energy Source
- Electric
- School District
- Ferndale
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $8,040
- Gross Scheduled Income
- $99,480
- Vacancy Rate
- 1
- Gross Adjusted Income
- $73,157
- Tax Year
- 2025
- Insurance Expense
- $3,211
- W/S/G Expenses
- $6,607
- Total Expenses
- $26,323
- Net Operating Income
- $60,640
- Gross Rent Multiplier
- 11.66
- Cap Rate
- 6.3
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.