Property Details
5870 Portal Way , Ferndale, WA 98248
Ferndale, WA 98248
$350,000
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About This Home
Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.
Property Details
Property Information
Property Type
Land
Subtype
Land
Status
Active
County
Whatcom
Neighborhood
Ferndale
Listed
Mar 19, 2026
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.39 sqft
Sewer
On Property
Water Source
On Property
Utilities
Electricity Connected, Natural Gas Available
Lot Features
Paved, Sidewalk
Location
City
Ferndale
County
Whatcom
Coordinates
48.85459, -122.58705
Schools
School District
Ferndale
Additional Information
Tax Year
2025
Annual Taxes
$2,022
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
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