5698 2nd Avenue, Ferndale, WA, 98248
About This Home
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!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2004
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Cement Planked,Wood Siding,Cement Plank
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: Ductless,Wall Furnace,Electric
- Cooling features: Ductless
Interior Area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
Property
Details
- Parcel number: 3902291475440000
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 0.40 Acres
- Features: Dead End Street,Paved,Cable TV,Outbuildings,RV Parking,Shop
- Lot size dimensions: 13 x 174 x 156 x 89
Parking
- Total spaces: 14
- Parking features: RV Parking
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 12
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
- Earthquake
- Ice Storm
- Cold Wave
- 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 | $3,285 | $39,420 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $384 | $4,608 |
| Electricity | $149 | $1,793 |
| Total | $3,936 | $47,232 |
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 |
|---|---|---|
| 2026-02-06 | Listed for sale | $649,744 |
| 2023-01-24 | Listing removed | -- |
| 2022-10-05 | Listed for sale | $830,000 |
| 2017-12-02 | Listing removed | $374,500 |
| 2017-06-15 | Listed for sale | $374,500 |
| 2016-03-14 | Listing removed | $1,035 |
| 2016-02-29 | Listed for rent | $1,035 |
| 2014-07-17 | Listing removed | $975 |
| 2014-06-14 | Listed for rent | $975 |
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