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Listed by: Tim Cornwell (360) 223-0190 | eXp Realty (888) 877-9315
$350,000
Monthly Est:$1,742
-- Bed
-- Bath
16,988sqft lot
5870 Portal Way, Ferndale, WA 98248
$350,000
$1,742/moEst:
Get Pre-Approved
Residential Lot
Built in -
$-- HOA
16,988 sqft lot
$21/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 17, 2026 at 6:34 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2490543
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
16,988 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2490543
MLS Status
Active
Days on Market
196
Cumulative Days on Market
134
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
On Property
Utilities & Energy
Water Source
On Property
Utilities
Electricity Connected, Natural Gas Available
Other Features
Lot Features
Paved, Sidewalk
Subdivision Name
Ferndale
Price History
| Date | Event | Price |
|---|---|---|
06/16/2026 Source: | Listed for Sale | $350,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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