5660 Eagle Parkway

Ferndale WA 98248

3208 sq. ft.

0.24 ac.

Multi-Family

Currently for sale - view listing

Overview

Best Value 4-Plex in Ferndale - $879,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & RENTED unit already completed (Unit 1), the path to increased income is demonstrated not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, interior cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic playbuy at todays adjusted price, stabilize, and grow income over time. In a market where fully maxed-out properties leave little room to improve returns, this one gives you control of the upside from day one.