2344 Main Street, Ferndale, WA 98248
- $950,000
- 3,260
- SqFt
Listing Broker: HomeSmart Real Estate Assoc; Suzanne Dougan; ; Selling Office: Mission Realty, LLC.
- Sold Price
- $950,000
- List Price
- $949,900
- Status
- SOLD
- MLS#
- 2357519
- Closing Date
- Apr 20, 2026
- Days on Market
- 343
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,260
- Area Total SqFt
- 3260
- Annual Tax Ammount
- 4642
- Lot Size (sq ft)
- 10,454
- Sewer
- Sewer Connected
Property Description
Price Improvement! Excellent opportunity to own a 4-plex. Solid investment property with four income-producing units. Ideal for investors or owner-occupants looking to generate rental income. This well-maintained 4-plex offers an outstanding income stream & is always fully rented, making it a perfect addition to any investment portfolio. Each unit features 2 bedrooms & 1 bathroom, providing comfortable living spaces w/private decks for outdoor enjoyment. The property boasts easy-care vinyl siding, minimizing maintenance while maintaining a clean & modern look. Located in a prime area with convenient access to schools, work, & parks, it offers an ideal living situation for tenants. This is a rare chance to secure a long-term investment in a high-demand location, ensuring consistent rental income for years to come. Don't miss out on this exceptional opportunity. Schedule your showing today!
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Additional Information
- List Date
- 2025-05-12 00:00:00
- Community
- Ferndale
- Net Operating Income
- $49,505
- Gross Adjusted Income
- $61,515
- Gross Scheduled Income
- $61,515
- Total Monthly Income
- $6,000
- Insurance Expenses
- $2,826
- Water/Sewer/Garbage Expenses
- $4,542
- Gross Rent Multiplier
- 15.75
- Total Expenses
- $12,010
- Cap Rate
- 5.16
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 2344
- Potential Terms
- Cash, Conventional
- Year Built
- 1991
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
- Energy Source
- Electric
- School District
- Ferndale
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $61,515
- Vacancy Rate
- 1
- Gross Adjusted Income
- $61,515
- Tax Year
- 2024
- Insurance Expense
- $2,826
- W/S/G Expenses
- $4,542
- Total Expenses
- $12,010
- Net Operating Income
- $49,505
- Gross Rent Multiplier
- 15.75
- Cap Rate
- 5.16
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.