6048 Portal Way · Ferndale, WA 98248
Source: NWMLS · Muljat Group · Troy C. Muljat #NWM2578502
About this home
4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
Location
Basics
- Property type
- Land
- Style
- Multi-Family
- Lot size
- 197,762 sq ft (4.54 acres)
- County
- Whatcom
- MLS #
- NWM2578502
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Topography
- Level
- Waterfront
- No
Utilities
- Water
- Available
- Sewer
- Available
- Utilities
- Electricity Available, Natural Gas Available
Community & fees
- Subdivision
- Ferndale
- Property tax
- $2,575 (2026)
Transaction
- Listed on
- Sep 4, 2026
- Days on market
- 16
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2021-04-02
- Sold$749,000
- 2015-05-22
- Sold$185,000
Schools
School district: Ferndale
- Elementary
- Cascadia Elem
- Middle
- Vista Mid
- High
- Ferndale High SchoolSchoolDigger 3 stars · Top 39% in WA
Listing provided courtesy of: Muljat Group
Listing agent: Troy C. Muljat.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-04.