Active

Listed by: Windermere RE Whatcom, Inc. • Jacson Bevens

$649,744

5698 2nd Avenue, Ferndale, WA 98248

3beds

2baths

1,500sqft

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Duplex

Built in 2004

-- sqft lot

$635,900 Zestimate^®

$433/sqft

$-- HOA

What's special

Lvp flooring

Incredible investment opportunity in Ferndale! Tucked at the end of a dead-end street and close to schools, parks, and downtown, this duplex sits on a lot zoned for up to SIX units, providing cash flow now and tons of future upside. Site features two fully rented, standalone units and completed dirt-work for additional units behind. Alley access and private parking spots accommodate up to 12 vehicles, paving the path to bring this property to its highest potential. 5698 (left side unit) is a 2-bed/1-bath unit while 5696 (right side) is a 1/1 with a 200sqft storage area below and a partially finished 200sqft office above, plumbed for a bathroom. 600sqft shop can be used for storage or removed to put in additional units. 5698 built in 2004 + 5696 was finished in 2025. Both units in excellent shape, with LVP flooring, and are individually metered. Excellent current tenants, too. A rare, affordable opportunity for immediate rental income and significant development potential!

157 days

117

0

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Ductless, Wall Furnace, Electric

Cooling

Ductless

Features

Flooring: Laminate
Has fireplace: No

Interior area

Total structure area: 1,500
Total interior livable area: 1,500 sqft

Property

Parking

Total spaces: 14
Parking features: RV Parking
Garage spaces: 2
Uncovered spaces: 12

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.4 Acres
Dimensions: 13 x 174 x 156 x 89
Features: Dead End Street, Paved, Cable TV, Outbuildings, RV Parking, Shop

Details

Parcel number: 3902291475440000
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex

Materials

Cement Planked, Wood Siding, Cement Plank
Foundation: Block
Roof: Composition

Condition

Year built: 2004

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: City of Ferndale
Water: Public, Company: City of Ferndale
Utilities for property: Xfinity, Xfinity

Community & HOA

Community

Subdivision: Ferndale

Location

Region: Ferndale

Financial & listing details

Price per square foot: $433/sqft
Tax assessed value: $461,328
Annual tax amount: $4,446
Date on market: 2/4/2026
Cumulative days on market: 159 days
Listing terms: Conventional

Estimated market value

$635,900

$604,000 - $668,000

$1,996/mo

Price history

Date	Event	Price
2/6/2026	Listed for sale	$649,744-21.7%$433/sqft
Source: NWMLS as distributed by MLS GRID #2475460 Report a problem
1/24/2023	Listing removed	--
Source: RE/MAX International Report a problem
10/5/2022	Listed for sale	$830,000+121.6%$553/sqft
Source: RE/MAX International #2003632 Report a problem
12/2/2017	Listing removed	$374,500$250/sqft
Source: RE/MAX Whatcom County, Inc. #1144219 Report a problem
6/15/2017	Listed for sale	$374,500$250/sqft
Source: RE/MAX Whatcom County, Inc. #1144219 Report a problem
3/14/2016	Listing removed	$1,035$1/sqft
Source: MMRA Real Estate Management Report a problem
2/29/2016	Listed for rent	$1,035+6.2%$1/sqft
Source: MMRA Real Estate Management Report a problem
7/17/2014	Listing removed	$975$1/sqft
Source: Misty Mountains Realty, LLC Report a problem
6/14/2014	Listed for rent	$975$1/sqft
Source: Misty Mountains Realty, LLC Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,461 +9.1%	$461,328 +1.2%
2023	$3,173 -10.4%	$455,862 +5.4%
2022	$3,543 +10.8%	$432,355 +21%
2021	$3,199 -0.7%	$357,318 +8%
2020	$3,222	$330,858 +14.8%
2019	$3,222 +3.3%	$288,168 +9.4%
2018	$3,119 +30%	$263,463 +14.1%
2017	$2,399 -14.2%	$230,885 -1.5%
2016	$2,798 +13.6%	$234,439 +6.3%
2015	$2,464	$220,609 +2.1%
2014	$2,464 -0.3%	$216,076 +1.4%
2013	$2,471	$213,146
2012	--	$213,146
2011	--	$213,146 -2.2%
2010	--	$217,861 -6.4%
2009	$2,269 -4.5%	$232,645
2008	$2,375	$232,645
2007	$2,375 +626.2%	$232,645 +122.7%
2005	$327	$104,480 +316.6%
2004	$327	$25,080

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 98248

Getting around

71 / 100

Very Walkable

40 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Central Elementary School
Grades: PK-5Distance: 0.2 mi
6/10
Vista Middle School
Grades: 6-8Distance: 1 mi
5/10
Ferndale High School
Grades: 9-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Central Elem
Middle: Vista Mid
High: Ferndale High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.