6048 Portal Way, Ferndale, WA 98248
Courtesy of Muljat Group
- $1,395,000
- List Price
- $1,395,000
- Status
- ACTIVE
- Days on Market
- 9
- MLS#
- 2578502
- Subtype
- Land
- Style
- 42 - Multi-Family
- Lot Size
- 197,762
- Acres
- 4.54
- Subdivision
- Ferndale
- Neighborhood
- Ferndale
- MLS Area Major
- Ferndale/Custer
Property Description
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!
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Additional Information
- Property Description
- 42 - Multi-Family
- School District
- Ferndale
- Elementary School
- Cascadia Elem
- Middle School
- Vista Mid
- High School
- Ferndale High
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