4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
Active
Listed by: Muljat Group • Troy C. Muljat
$1,395,000
6048 Portal Way, Ferndale, WA 98248
--beds
--baths
4.54Acres
Unimproved Land
Built in ----
4.54 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 5 days
- 33
- 2
Zillow last checked:
Listing updated:
Listed by:
Troy C. Muljat,
Muljat Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2578502
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 4.54 Acres
- Topography: Level
Details
- Parcel number: 3902203744700000
- Zoning: RMM
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: Available
- Water: Available
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Ferndale
Location
- Region: Ferndale
Financial & listing details
- Annual tax amount: $2,575
- Date on market: 9/3/2026
- Cumulative days on market: 7 days
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,395,000+86.2% |
Source:  NWMLS as distributed by MLS GRID #2578502 Report a problem | ||
| 4/2/2021 | Sold | $749,000 |
Source: NWMLS as distributed by MLS GRID #1744262 Report a problem | ||
| 3/24/2021 | Pending sale | $749,000 |
Source: NWMLS as distributed by MLS GRID #1744262 Report a problem | ||
| 3/22/2021 | Listed for sale | $749,000+304.9% |
Source: NWMLS as distributed by MLS GRID #1744262 Report a problem | ||
| 5/22/2015 | Sold | $185,000 |
Source: NWMLS as distributed by MLS GRID #619987 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 98248
Nearby schools
Schools provided by the listing agent
- Elementary: Cascadia 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.
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