2340 Main Street, Ferndale, WA 98248
- $889,000
- 3,208
- SqFt
Listing courtesy of Terrafin.
- List Price
- $889,000
- Status
- ACTIVE
- MLS#
- 2535257
- Days on Market
- 55
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,208
- Area Total SqFt
- 3208
- Annual Tax Ammount
- 5101
- Lot Size (sq ft)
- 8,712
- Sewer
- Sewer Connected
Property Description
Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!
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Additional Information
- List Date
- 2026-06-05 15:49:32
- Community
- Ferndale
- Net Operating Income
- $43,057
- Gross Adjusted Income
- $70,200
- Gross Scheduled Income
- $70,200
- Total Monthly Income
- $5,650
- Insurance Expenses
- $3,347
- Water/Sewer/Garbage Expenses
- $8,636
- Gross Rent Multiplier
- 12.66
- Total Expenses
- $26,542
- Cap Rate
- 4.8
- Total Number of Units
- 4
- Unit Name
- 2340
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1991
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, Hot Tub/Spa
- Other Expenses
- 9458
- Energy Source
- Electric
- School District
- Ferndale
- Elementary School
- Buyer To Verify
- Middle School
- Horizon Mid
- High School
- Ferndale High
- Total Monthly Income
- $5,650
- Gross Scheduled Income
- $70,200
- Gross Adjusted Income
- $70,200
- Tax Year
- 2025
- Insurance Expense
- $3,347
- W/S/G Expenses
- $8,636
- Total Expenses
- $26,542
- Net Operating Income
- $43,057
- Gross Rent Multiplier
- 12.66
- Cap Rate
- 4.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.