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    Entitled Multifamily Development Site
    Updated: May 27
    Entitled Multifamily Development Site

    5701 Shannon Avenue, Ferndale, WA 98248

    Contact for pricing
    8.60 AC lot
    Fully entitled multifamily development opportunity for 260 units
    Approved site plan for phased development on 8.6 acres
    Project can be developed in 3 phases
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Ferndale, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Townhouse-Style 6-Unit Multifamily
    Townhouse-Style 6-Unit Multifamily

    211 Maple, Lynden, WA 98264

    $1,250,000
    4,750 sqft

    Six townhouse-style units each feature 2 beds and 1 bath with private patios and access to a shared coin-op laundry room.

    View details
    Modern Townhome Community
    Modern Townhome Community

    201 Tull, Bellingham, WA 98226

    $10,995,000
    30,104 sqft

    Recently built 32-unit townhome community offering 2- and 3-bedroom layouts with in-unit laundry.

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    Multifamily Redevelopment Site
    Multifamily Redevelopment Site

    4200 Meridian St, Bellingham, WA 98226

    Contact for pricing
    3.90 AC lot

    3.9-acre site in a general commercial zone with five existing buildings and 30+ tenants generating NOI until redevelopment begins.

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    Garden-Style Apartment Community
    Garden-Style Apartment Community

    8881 Depot Rd, Lynden, WA 98264

    Contact for pricing

    Newly constructed 44-unit garden-style community completed in 2018 with 2- and 3-bedroom units.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multi-Family Zoned Lot Near EWU
    Multi-Family Zoned Lot Near EWU

    7 5th Street, Cheney, WA 99004

    $460,000
    16,000 sqft 0.37 AC lot

    16,000 sq ft multi-family zoned lot near Eastern Washington University.

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    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

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    Ferndale, WA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Ferndale, WA on our real estate platform.

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    Demographics Overview

    Population 28K
    Population Growth (5Y) +14.7%
    Median Household Income $88,566
    College Educated 43.0%

    Taxes & Financing

    Tax Rate (average for all types) 0.84%
    Property Tax per SF $5.58 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

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