$899,000
Est. $4,872/mo3,304 sq ft
5786 Portal Way, Ferndale, WA 98248
• Listed Oct 21, 2026•19 days active · 19 cumulative
Listing Broker: Windermere RE Whatcom, Inc.; Brent McMillan; 360-820-8888; brentmcmillan@windermere.com
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Listing Broker: Windermere RE Whatcom, Inc.; Brent McMillan; 360-820-8888; brentmcmillan@windermere.com
About this home
Welcome to 5786 Portal Way, a multi-family Tri-Plex situated in beautiful Ferndale boasting three, 2 bed/2 bath and over 3,300 total sqft, in fantastic condition. Each unit has all appliances including W/D. 6 parking spaces and nearly ZERO vacancy over a 6 year current ownership span. Fantastic tenants who are individually metered and fire sprinkled. Tenants cover their own utilities. Rents are under market value and leases available upon request. Close to Ferndale bus lines and amenities. Seller is fair and negotiable. Rents are lite and one unit just became available.
Listed by Brent McMillan • Windermere RE Whatcom, Inc.
Listing updated: October 21, 2026 at 07:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2596530
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
5786 Portal Way, Ferndale, WA 98248
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Tri-plex
Flooring
- Vinyl
- Carpet
Heating & cooling
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerFerndale School District
- Vista Middle SchoolPublic · Grades 6-8 · State rank 261 of 5144/10
- Ferndale Community TransitionsPublic · Grades 12-12—
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 3
- Units below grade
- false
- Building square feet
- 3,304 sq ft
Income & expenses
- Gross scheduled income
- $60,600
- Total monthly income
- $5,000
- Gross adjusted income
- $59,994
- Net operating income
- $46,417
- Cap rate
- 5.16%
- Gross rent multiplier
- 14.83
- Vacancy rate
- 1%
- Total expenses
- $8,777
- Insurance
- $3,762
- Water / sewer / garbage paid by
- 0
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 6
Taxes & assessment
- Annual taxes
- $5,015
- Tax year
- 2025
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Down payment assistance
6 programs may be available to provide you with up to $44,950 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,515 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Windermere RE Whatcom, Inc.; Brent McMillan; 360-820-8888; brentmcmillan@windermere.com
Market pulse
Ferndale is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 86 days.
Recent sales nearby
Within 1 mile · last 6 months$539,000 Sold
3 days ago
3 bd•1.75 ba•~1,560 sq ft•Single Family
6151 Unrein Drive SE, Ferndale, WA 98248
2%
Under list
51
Days on market
0.9 mi
Distance
$569,000 Sold
3 weeks ago
3 bd•2.5 ba•~2,668 sq ft•Single Family
5845 Vista Drive, Ferndale, WA 98248
0%
Over list
57
Days on market
0.5 mi
Distance
$357,000 Sold
4 weeks ago
2 bd•1 ba•~844 sq ft•Single Family
5663 Rosemary Avenue, Ferndale, WA 98248
1%
Over list
50
Days on market
0.7 mi
Distance
$624,000 Sold
6 weeks ago
3 bd•2 ba•~2,064 sq ft•Single Family
6006 Oscar Court, Ferndale, WA 98248
1%
Over list
11
Days on market
0.6 mi
Distance
$458,500 Sold
2 months ago
3 bd•1 ba•~1,000 sq ft•Single Family
2129 Poplar Drive, Ferndale, WA 98248
1%
Under list
29
Days on market
0.8 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 Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 11:29 AM PT (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.
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