$649,744
Est. $3,292/mo5698 2nd Avenue, Ferndale, WA 98248
• Listed 2026-02-05•39 days on market
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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!
Listed by Jacson Bevens • Windermere RE Whatcom, Inc.
Listing updated: May 5, 2026 at 01:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2475460
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Open Sun, Jun 14 +1RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value5698 2nd Avenue, Ferndale, WA 98248
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Ferndale is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$950,000 Sold
8 weeks ago
•Single Family
2344 Main Street, Ferndale, WA 98248
0%
Over list
—
Days on market
0.9 mi
Distance
$550,000 Sold
4 months ago
6 bd•2 ba•~3,284 sq ft•Single Family
5861 Malloy Avenue, Ferndale, WA 98248
8%
Under list
—
Days on market
0.5 mi
Distance
$200,000 Sold
4 months ago
3 bd•2 ba•Single Family
1625 Main Street ##11, Ferndale, WA 98248
2%
Under list
—
Days on market
1.0 mi
Distance
$390,000 Sold
5 months ago
3 bd•1 ba•~1,362 sq ft•Single Family
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13%
Under list
—
Days on market
0.3 mi
Distance
$610,000 Sold
6 months ago
3 bd•1.5 ba•~2,475 sq ft•Single Family
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3%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Ferndale School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
