Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports 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. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.
Property Details
- Lot Features
- Paved, Sidewalk
- Lot Description
- Paved, Sidewalk
- Acres
- 0.39
- Square Feet
- 0.0
- Property Type
- Purchase
- Style
- 42 - Multi-Family
- Sewer Information
- On Property
- Utility Source
- On Property
- Utility Features
- Electricity Connected, Natural Gas Available
- Subdivision
- Ferndale
- School District
- Ferndale
- County
- Whatcom
- Region
- Ferndale
- Zoning
- RM1.5
- Original List Price
- $350,000
- Days on Market (Cumulative)
- 115
- Taxes Annual
- $2,022
- HOA Fees
- 0.0
- MLS #
- 2490543
- Property Subtype
- Land
- Parcel Number
- 3902202302480000
- MLS #
- 2490543
- Date Listed
- March 19, 2026
- Address
- 5870 Portal Way
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2026-03-19T22:21:12Z. 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.
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Provided By
Listed by Tim Cornwell (#NWM93307)
Listing Office: eXp Realty (#NWM5861)
