Provided by NWMLS, Listed by Amy Bowhay, 360-647-1313 at RE/MAX Whatcom County, Inc.

$350,000

5887 Cedar Street, Ferndale WA, 98248

Price per sqft$21.14

Lot size0.38 Acres

Property typeLand

Overview

Active

Updated 2 weeks ago

Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale’s Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.

Additional information

MLS^® ID: 2548858

Exterior Features

Lot Size: 0.38 Acres

Other Property Details

Taxes: $2,338
Tax Frequency: Annually
55+/Senior Community: No

Provided by NWMLS, Listed by Amy Bowhay, 360-647-1313 at RE/MAX Whatcom County, Inc.

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/8/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/8/2026 at 4:55 PM UTC . 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.

Data last updated on 10/8/2026 at 4:55 PM UTC