MLS #2490543 / Listing provided by NWMLS & eXp Realty.
$350,000
5870 Portal Way
Ferndale,
WA
98248
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.39
Schools
- High School District: Ferndale
Lot Details
- Lot Features: Paved, Sidewalk
- Acres: 0.39
Water, Sewer, and Garbage
- Sewer: On Property
- Water Source: On Property
Leslie Swindahl
Broker | REALTOR®
Send Leslie Swindahl an email