lakecavanaughrealty.com Search Results

$3,500,000

ONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alongside the Boardwalk and river, next to the park and close to restaurants, schools, shopping, and other amenities. Each spacious unit is approximately 1,800 sq. ft. with 4 bedrooms and 3 bathrooms, plus large balconies/decks offering beautiful river and mountain views. Additional features include easy-care laminate flooring, walk-in closets and covered parking beneath the units. A STANDOUT FEATURE IS THE ATTACHED MOTHER IN LAW SUITE IN EVERY UNIT, CONNECTED BY DOUBLE DOORS. This unique and versatile space offers exceptional flexibility for multigenerational living, guests, a home office or potential additional income. With spacious floor plans, covered parking and an incredible riverfront setting, this property offers far more than a traditional multifamily investment. Two 4-plexes, eight spacious units and a truly one-of-a-kind boardwalk/riverfront location make this a rare Ferndale opportunity!

2572813 MLS ⋅ ACTIVE Status

ONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alongside the Boardwalk and river, next to the park and close to restaurants, schools, shopping, and other amenities. Each spacious unit is approximately 1,800 sq. ft. with 4 bedrooms and 3 bathrooms, plus large balconies/decks offering beautiful river and mountain views. Additional features include easy-care laminate flooring, walk-in closets and covered parking beneath the units. A STANDOUT FEATURE IS THE ATTACHED MOTHER IN LAW SUITE IN EVERY UNIT, CONNECTED BY DOUBLE DOORS. This unique and versatile space offers exceptional flexibility for multigenerational living, guests, a home office or potential additional income. With spacious floor plans, covered parking and an incredible riverfront setting, this property offers far more than a traditional multifamily investment. Two 4-plexes, eight spacious units and a truly one-of-a-kind boardwalk/riverfront location make this a rare Ferndale opportunity!

2002 2008 Cherry Street, Ferndale

Listing Broker: RE/MAX Whatcom County, Inc.; Lilia Orlova; ;

$1,550,000

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

2571429 MLS ⋅ ACTIVE Status

9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

1955 Eaton Avenue, Ferndale

Listing Broker: Muljat Group; Ian Steger; ;

$1,075,000

Investment opportunity in the heart of Lynden! This well-maintained 6-unit multi-family property offers a convenient location near schools, shopping, and everyday services. Fully rented, providing immediate income for the next owner. Numerous updates have been completed over the years, including a new roof in 2024, exterior paint in 2023, updated bathroom flooring and fixtures in 2018, and quartz countertops, faucets, and sinks in all unit kitchens in 2015. A solid opportunity to add an established, income-producing multifamily property to your investment portfolio.

2570802 MLS ⋅ ACTIVE Status

Investment opportunity in the heart of Lynden! This well-maintained 6-unit multi-family property offers a convenient location near schools, shopping, and everyday services. Fully rented, providing immediate income for the next owner. Numerous updates have been completed over the years, including a new roof in 2024, exterior paint in 2023, updated bathroom flooring and fixtures in 2018, and quartz countertops, faucets, and sinks in all unit kitchens in 2015. A solid opportunity to add an established, income-producing multifamily property to your investment portfolio.

708 Grover Street, Lynden

Listing Broker: Muljat Group; Rod Blankers; ;

$1,400,000

Beach access right across the street! This rare Birch Bay property comes with something even better — the seller is open to creative financing and would love to make a deal work for the right buyer. Terms as low as 3% may be possible. All the units have been beautifully updated with electric fireplaces in each to warm up on those cozy evenings after long days of beach and sun. You’ve got a spacious 2 bed / 2 bath that would make a perfect owner suite or strong rental, plus three 1 bed / 1 bath units and 1 studio. Terrill Creek runs along the back, and public beach access is literally steps away. Don't forget to ask about the possible 5th unit. Spend your days beachcombing, grabbing ice cream, or hiking the state park. Bring your catch back to the fish cleaning station, fire up the community BBQ, and enjoy it on one of the two patios. There’s plenty of parking, including RV hookups, plus fruit trees and shared laundry. This one truly offers endless possibilities — whether it’s your personal home, a VRBO, long-term rentals, or any mix of both. Flexible, creative financing makes it even sweeter AND YES VRBO IS ALLOWED

2549759 MLS ⋅ ACTIVE Status

Beach access right across the street! This rare Birch Bay property comes with something even better — the seller is open to creative financing and would love to make a deal work for the right buyer. Terms as low as 3% may be possible. All the units have been beautifully updated with electric fireplaces in each to warm up on those cozy evenings after long days of beach and sun. You’ve got a spacious 2 bed / 2 bath that would make a perfect owner suite or strong rental, plus three 1 bed / 1 bath units and 1 studio. Terrill Creek runs along the back, and public beach access is literally steps away. Don't forget to ask about the possible 5th unit. Spend your days beachcombing, grabbing ice cream, or hiking the state park. Bring your catch back to the fish cleaning station, fire up the community BBQ, and enjoy it on one of the two patios. There’s plenty of parking, including RV hookups, plus fruit trees and shared laundry. This one truly offers endless possibilities — whether it’s your personal home, a VRBO, long-term rentals, or any mix of both. Flexible, creative financing makes it even sweeter AND YES VRBO IS ALLOWED

7456 Birch Bay Drive, Blaine

Listing Broker: Windermere RE Whatcom, Inc.; Greg Flint; 360-220-0551; greg@gregflint.com

$1,600,000

Great Investment!! BRAND NEW SEPTIC!!! AND ONE bedroom apartment! This property brings in strong rental income with an 11% cap rate. 8 units are currently rented with agreements, giving you steady cash flow right away. Two mobile home, Tiny house, 2 bed apartment,7 Rv spots AND Shop/Office currently being used by owner) Plus, the 10 acre parcel can be divided into two 5-acre parcels(Buyers to verify) adding even more value. A rare chance to own a property that makes money now and has big potential for the future!

2518037 MLS ⋅ ACTIVE Status

Great Investment!! BRAND NEW SEPTIC!!! AND ONE bedroom apartment! This property brings in strong rental income with an 11% cap rate. 8 units are currently rented with agreements, giving you steady cash flow right away. Two mobile home, Tiny house, 2 bed apartment,7 Rv spots AND Shop/Office currently being used by owner) Plus, the 10 acre parcel can be divided into two 5-acre parcels(Buyers to verify) adding even more value. A rare chance to own a property that makes money now and has big potential for the future!

7245 Kickerville Road, Ferndale

Listing Broker: eXp Realty; Laurie Kelly; 360-739-8031; laurie@blu.ink

$1,099,990

Prime mixed-use investment opportunity in the heart of Blaine, WA. This 3,000 sq ft income-producing commercial building offers a strong blend of residential and retail revenue streams in a high-demand, walkable location. Featuring multiple fully leased units, this property provides immediate cash flow with upside potential. The upper level includes two remodeled residential units, each approximately 750 sq ft with 2 bedrooms and 1 full bath, showcasing modern upgrades such as custom cabinetry, luxury vinyl plank flooring, tile finishes, updated appliances, new windows, and doors. The main level offers flexible commercial space with established retail presence, three office suites, and an additional residential unit, creating diversified income sources. Recent capital improvements include new cement board siding, a new roof, and composite exterior stairs, enhancing long-term durability and reducing future maintenance costs. Ample parking is available via alley access and street frontage. Strategically located near downtown Blaine, I-5, and the US/Canada border, this property benefits from consistent local traffic and cross-border economic activity. Ideal for investors seeking a stabilized asset with mixed-use zoning, strong rental history, and long-term appreciation potential.

2517689 MLS ⋅ ACTIVE Status

Prime mixed-use investment opportunity in the heart of Blaine, WA. This 3,000 sq ft income-producing commercial building offers a strong blend of residential and retail revenue streams in a high-demand, walkable location. Featuring multiple fully leased units, this property provides immediate cash flow with upside potential. The upper level includes two remodeled residential units, each approximately 750 sq ft with 2 bedrooms and 1 full bath, showcasing modern upgrades such as custom cabinetry, luxury vinyl plank flooring, tile finishes, updated appliances, new windows, and doors. The main level offers flexible commercial space with established retail presence, three office suites, and an additional residential unit, creating diversified income sources. Recent capital improvements include new cement board siding, a new roof, and composite exterior stairs, enhancing long-term durability and reducing future maintenance costs. Ample parking is available via alley access and street frontage. Strategically located near downtown Blaine, I-5, and the US/Canada border, this property benefits from consistent local traffic and cross-border economic activity. Ideal for investors seeking a stabilized asset with mixed-use zoning, strong rental history, and long-term appreciation potential.

357 Martin Street, Blaine

Listing Broker: Windermere RE Whatcom, Inc.; Brandi Coplen; 360-201-3951; bcoplen@windermere.com

$1,999,999

Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to do—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next.

2511002 MLS ⋅ ACTIVE Status

Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to do—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next.

4777 Guide Meridian, Bellingham

Listing Broker: Windermere RE Whatcom, Inc.; Lorrie M. Dujmovich; 360-920-8952; lorriedujmovich@windermere.com

$1,250,000

Excellent investment opportunity in a prime Lynden location. This well-maintained 6-unit multifamily property sits at the end of a quiet dead-end street and features a large off-street parking lot and spacious grassy backyard. Each townhouse-style unit offers 2 beds/1 bath, a private patio with storage locker, and updated vinyl flooring, with some units featuring new interior paint and flooring. Tenants enjoy a shared coin-op laundry room, recently refreshed with new paint and flooring, plus a large locked storage room for owner use. Recent exterior upgrades include all new hard-plank siding, new exterior paint, and a newer metal roof. Strong rental history with upside potential and opportunity to lease remaining units at market rates. Conveniently located near downtown Lynden, shopping, dining, parks, and schools.

2504180 MLS ⋅ ACTIVE Status

Excellent investment opportunity in a prime Lynden location. This well-maintained 6-unit multifamily property sits at the end of a quiet dead-end street and features a large off-street parking lot and spacious grassy backyard. Each townhouse-style unit offers 2 beds/1 bath, a private patio with storage locker, and updated vinyl flooring, with some units featuring new interior paint and flooring. Tenants enjoy a shared coin-op laundry room, recently refreshed with new paint and flooring, plus a large locked storage room for owner use. Recent exterior upgrades include all new hard-plank siding, new exterior paint, and a newer metal roof. Strong rental history with upside potential and opportunity to lease remaining units at market rates. Conveniently located near downtown Lynden, shopping, dining, parks, and schools.

211 Maple Street, Lynden

Listing Broker: Bellwether Real Estate; Renae Ingraham; 360-319-0164; renae@bellwetherrealestate.com

$1,750,000

Opportunity is knocking — loudly — on Sehome Hill! This stunning 5,500+ sq ft American Four Square sits in one of Bellingham's most coveted locations, perched next to Western Washington University and just a short walk to both campus and Downtown Bellingham. With 10 bedrooms and 5 bathrooms across 5 units, the possibilities here are as impressive as the property itself. Live large in the spacious 4-bedroom owner's view suite while the four units below help cover your expenses — or rent all five and let the income do the talking. Behind the classic curb appeal (fresh exterior paint and a brand-new roof) lies a meticulously maintained home with completely updated wiring and plumbing, all units separately metered, and efficient gas hot water heating. Seven off-street parking spaces round out a package that's incredibly rare at this scale and location. Mint condition, modern updates, and true pride of ownership — this one is dialed in and ready for its next chapter.

2499728 MLS ⋅ ACTIVE Status

Opportunity is knocking — loudly — on Sehome Hill! This stunning 5,500+ sq ft American Four Square sits in one of Bellingham's most coveted locations, perched next to Western Washington University and just a short walk to both campus and Downtown Bellingham. With 10 bedrooms and 5 bathrooms across 5 units, the possibilities here are as impressive as the property itself. Live large in the spacious 4-bedroom owner's view suite while the four units below help cover your expenses — or rent all five and let the income do the talking. Behind the classic curb appeal (fresh exterior paint and a brand-new roof) lies a meticulously maintained home with completely updated wiring and plumbing, all units separately metered, and efficient gas hot water heating. Seven off-street parking spaces round out a package that's incredibly rare at this scale and location. Mint condition, modern updates, and true pride of ownership — this one is dialed in and ready for its next chapter.

900 N Garden, Bellingham

Listing Broker: Muljat Group; Julian Friedman; 360-820-3698; julian@muljatgroup.com