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Listed by: Pacific Continental Realty LLC • Kenneth C Coonc

$16,350,000

1655 Main Street, Ferndale, WA 98248

--beds

--baths

--sqft

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Multi Family

Built in 2024

-- sqft lot

$15,648,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Large windowsEfficient floor plansLaminate flooringSpacious common areasAir conditioning

New construction multifamily property completed in April of 2024. This shiny new 66-unit building has 38 studios, 12 loft studios, 4 live/work studios, 2 live/work two-bedroom, 6 two-bedroom, 4 two-bedroom lofts, and 70 parking spaces. The property is in Ferndale, just a few minutes from Bellingham, next to the WTA Bus Depot and Kid’s World Early Learning Center. Ferndale’s demand for new apartment units was off the charts for this property. Each unit has air conditioning, stack washer/dryers, laminate flooring, large windows, and efficient floor plans. The building design boasts spacious common areas that are enjoyed by the tenants. Professionally managed by PCR.

150 days

99

1

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Facts & features

Interior

Heating

Ductless, Electric

Cooling

Ductless

Features

Flooring: Vinyl Plank
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 70
Uncovered spaces: 70

Lot

Size: 1.41 Acres

Details

Parcel number: 3902280915210000
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Cement Planked, Cement Plank
Roof: Composition,Metal

Condition

Very Good
New construction: Yes
Year built: 2024
Major remodel year: 2024

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Ferndale

Location

Region: Ferndale

Financial & listing details

Tax assessed value: $9,448,246
Annual tax amount: $70,789
Date on market: 11/25/2024
Cumulative days on market: 585 days
Listing terms: Conventional

Estimated market value

$15,648,300

$14.87M - $16.43M

$2,103/mo

Price history

Date	Event	Price
2/2/2026	Listed for sale	$16,350,000
Source: NWMLS as distributed by MLS GRID #2475761 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$70,789 +627.9%	$9,448,246 +575.5%
2023	$9,725 +78.9%	$1,398,804 +110.8%
2022	$5,435	$663,650

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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