High-Density Multifamily Development
For Sale
$350,000
Pending
5870 Portal Way, Ferndale, WA 98248
Buildable development parcel with approximately 78 feet of frontage and 247 feet of depth in a multifamily high zone.
Property Size12,000 SF
Lot Size0.39 Acres
Days on Market171
Property Features for 5870 Portal Way
General Information
Standard status
Pending
Size
12,000 SF
Lot size
0.39 Acres
Property subtype
Land
Zoning
RMH
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$2,022
Building Details
Stories
3
Listing Agency:
eXp Realty
Listed By:
Tim Cornwell
(888) 877-9315
Source:
Exprealty
Added: Mar 19
Changed: Sep 4
Last Checked: Sep 4 at 2:33PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This for-sale land parcel is positioned for high-density multifamily development and offers a functional, buildable footprint. The property includes approximately 78 feet of frontage and about 247 feet of depth, creating flexibility for a well-designed multifamily project.
The site is located in Ferndale’s Residential Multifamily High (RMH) zone. The RMH zoning is described as allowing 15 or more units per acre and building heights up to 55 feet, with the buyer responsible for confirming all development potential, density, parking, and design requirements with the City of Ferndale.
Conceptual planning included 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. The parcel is presented as having minimal excess land and a layout that supports development, including options such as townhomes, small-scale multifamily, or a hybrid concept, subject to city review.
The site is located in Ferndale’s Residential Multifamily High (RMH) zone. The RMH zoning is described as allowing 15 or more units per acre and building heights up to 55 feet, with the buyer responsible for confirming all development potential, density, parking, and design requirements with the City of Ferndale.
Conceptual planning included 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. The parcel is presented as having minimal excess land and a layout that supports development, including options such as townhomes, small-scale multifamily, or a hybrid concept, subject to city review.
Key Highlights
- 16,988 SF (0.39‑acre) buildable multifamily development parcel in Ferndale’s RMH zone
- RMH zoning allows 15+ units per acre and building heights up to 55 feet
- Approx. 78 ft frontage and 247 ft depth for flexible multifamily site planning
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
172
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Buildable development parcel with approximately 78 feet of frontage and 247 feet of depth in a multifamily high zone.
Where is this residential land & home lot located?
The property is located at 5870 Portal Way Ferndale, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 16,988 SF (0.39‑acre) buildable multifamily development parcel in Ferndale’s RMH zone; RMH zoning allows 15+ units per acre and building heights up to 55 feet; Approx. 78 ft frontage and 247 ft depth for flexible multifamily site planning
