Duplex with Three-Bay
7380 Woodland, Ferndale, WA 98248
For Sale
$895,000
Single-story primary home with a two-bedroom, two-bath accessory dwelling unit and multiple outdoor improvements.
Property Size2,722 SF
Price / SF$328.80
Days on Market185
Property Features for 7380 Woodland
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Best Choice Realty
Listed By:
Brenton Wolters
(206) 886-3986
Source:
Skylineproperties
Added: May 8
Changed: Nov 6
Last Checked: Nov 8 at 6:52AM
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 Best Choice Realty
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Investment Insights
Based on property information with market context.
This duplex property includes a single-story, four-bedroom primary home with a kitchen oriented toward the landscaped grounds and a slider opening to a broad patio. A separate two-bedroom, two-bath accessory dwelling unit is positioned toward the rear of the property. The site also includes a three-bay shop or garage with a bonus workroom, two storage sheds, and two carports.
The address is 7380 Woodland in Ferndale, Washington, with access to I-5 at Grandview Road approximately three minutes away. The property occupies a shy one-acre setting with pastoral views to the east and a fully fenced front yard. Built in 1970, it combines residential living space with substantial storage, parking, and workshop improvements.
The address is 7380 Woodland in Ferndale, Washington, with access to I-5 at Grandview Road approximately three minutes away. The property occupies a shy one-acre setting with pastoral views to the east and a fully fenced front yard. Built in 1970, it combines residential living space with substantial storage, parking, and workshop improvements.
Key Highlights
- Four‑bedroom, single‑story primary home
- Two‑bedroom, two‑bath accessory dwelling unit
- Three‑bay shop/garage with bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,662
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,240
$633.2K
Cap Rate 7%
$452,314
$452.3K
Cap Rate 9%
$351,800
$351.8K
Market Conditions
NOI Build-Up for 2,722 SF
Gross rent
$47.4K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$45.2K $16.62/SF
− OpEx
−$13.6K −$4.99/SF
NOI
$31.7K $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%
$633,240
Cap Rate 7%
$452,314
Cap Rate 9%
$351,800
Alternative Uses
Best Use
Multifamily LT 5
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$418.8K
$366.5K – $488.7K
NOI $29,319 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$642.1K
$561.9K – $749.2K
NOI $44,950 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Single-story primary home with a two-bedroom, two-bath accessory dwelling unit and multiple outdoor improvements.
Where is this duplex located?
The property is located at 7380 Woodland Ferndale, WA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑bedroom, single‑story primary home; Two‑bedroom, two‑bath accessory dwelling unit; Three‑bay shop/garage with bonus room
