Duplex with Private
For Sale
$749,999
2744 Mountain View Rd Unit B, Ferndale, WA 98248
The two-unit layout supports leasing both residences or living in one while renting the other.
Property Size1,960 SF
Price / SF$382.65
Days on Market12
Property Features for 2744 Mountain View Rd Unit B
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
private patio
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Keller Williams South Sound
Listed By:
Geraldine K Pedersen
(360) 786-6900
Source:
Seattlepropertysource
Added: Oct 4
Changed: Oct 15
Last Checked: Oct 15 at 2:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams South Sound
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Investment Insights
Based on property information with market context.
Built in 1976, this 1,960-square-foot duplex has two residences and a private patio enclosed by a privacy fence. The property has been freshly painted, and the roof was professionally cleaned and treated. Fruit trees grow on the grounds, where deer are also seen.
Downtown Ferndale and I-5 are a short drive away. Alta Energy Company and the Philipps refinery are 5 minutes from the property, and Western University is within driving distance. The two residences can be rented together, or one can be occupied while the other is leased.
Downtown Ferndale and I-5 are a short drive away. Alta Energy Company and the Philipps refinery are 5 minutes from the property, and Western University is within driving distance. The two residences can be rented together, or one can be occupied while the other is leased.
Key Highlights
- Duplex with two residences
- 1,960 square feet; built in 1976
- Private patio with privacy fence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,799
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,980
$456.0K
Cap Rate 7%
$325,700
$325.7K
Cap Rate 9%
$253,322
$253.3K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$34.1K $17.40/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$32.6K $16.62/SF
− OpEx
−$9.8K −$4.99/SF
NOI
$22.8K $11.63/SF
Area
Whatcom County, WA
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,980
Cap Rate 7%
$325,700
Cap Rate 9%
$253,322
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,799 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,367 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 98248, WA
26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout supports leasing both residences or living in one while renting the other.
Where is this duplex located?
The property is located at 2744 Mountain View Rd Unit B Ferndale, WA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Duplex with two residences; 1,960 square feet; built in 1976; Private patio with privacy fence
