$1,395,000
Est. $7,246/mo6048 Portal Way, Ferndale, WA 98248
• Listed 2026-09-04•11 days on market
Talk to a local RexMont expert
Avg response under 5 mins
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 modular wetland treatment. 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. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
Listed by Troy C. Muljat • Muljat Group
Listing updated: September 4, 2026 at 11:41am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2578502
6048 Portal Way, 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.
Neighborhood mobility
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.
$7,810 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Ferndale is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$430,000 Sold
5 months ago
2 bd•1 ba•~752 sq ft•Single Family
5803 Vista Drive, Ferndale, WA 98248
0%
Over list
—
Days on market
1.0 mi
Distance
$680,000 Sold
5 months ago
3 bd•2.5 ba•~1,852 sq ft•Single Family
6012 Portal Way, Ferndale, WA 98248
14%
Over list
—
Days on market
0.1 mi
Distance
$959,000 Sold
6 months ago
3 bd•2.25 ba•~2,132 sq ft•Single Family
1776 Kaas Road, Ferndale, WA 98248
1%
Over list
—
Days on market
0.9 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 4, 2026 at 11:41am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (4)
See more →
Open Thu, Sep 17 +1
Open Sun, Sep 20RexMont Value Snapshot
Pull the latest nearby sold homes matched on size, age, and location.
