1655 Main Street, Ferndale, WA, 98248
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- New construction: Yes
- Year built: 2024
Materials
- Roof: Composition,Metal
- Construction materials: Cement Planked,Cement Plank
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Features
- Flooring: Vinyl Plank
Heating & Cooling
- Heating features: Ductless,Electric
- Cooling features: Ductless
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 3902280915210000
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 1.41 Acres
Parking
- Uncovered spaces: 70
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Inland Flooding
- Ice Storm
- Volcanic Activity
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Whatcom County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $82,674 | $992,088 |
| Home Insurance * | $2,992 | $35,904 |
| Property Taxes | $9,338 | $112,056 |
| Electricity | $149 | $1,793 |
| Total | $95,153 | $1,141,836 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-02 | Listed for sale | $16,350,000 |
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