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6048 Portal Way
Ferndale, WA 98248
Land For Sale
·
4.54 AC
Executive Summary
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, from established suburban families to young professionals. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor looking to add density in a growing Ferndale market!
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 4.54 AC |
| Zoning | RMM - Residential Multifamily Medium (RMM), City of Ferndale zoning; allows 10-30 units/acre | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 4.54 AC |
| Zoning | RMM - Residential Multifamily Medium (RMM), City of Ferndale zoning; allows 10-30 units/acre |
1 Lot Available
Lot
| Price | $1,931,461 CAD | Lot Size | 4.54 AC |
| Price Per AC | $425,431.98 CAD |
| Price | $1,931,461 CAD |
| Price Per AC | $425,431.98 CAD |
| Lot Size | 4.54 AC |
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 wetland treatment.
Property Taxes
| Parcel Number | 390220-374470-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $429,003 CAD | Total Assessment | $429,003 CAD |
Property Taxes
Parcel Number
390220-374470-0000
Land Assessment
$429,003 CAD
Improvements Assessment
$0 CAD
Total Assessment
$429,003 CAD
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